FTSE 100 Live: City stocks rally after tech sell-off; Iran threatens ‘forceful response’ over Strait of Hormuz
Coutts’ Farage decision is a blunder but it’s none of Sunak’s business July 20, 2023 Coutts should have the ability to decide who it grants its services to. But essential to financial services are really boring things like certainty, predictability and trust.
‘Utterly pathetic’: M&S boss furious as Gove rejects Oxford Street store demolition plan July 20, 2023 Plans by M&S to demolish its flagship site on Oxford Street have been rejected by Michael Gove. The high street stalwart had previously received a green light from Westminster City Council to tear down its Marble Arch store and replace it with a revamped shop featuring a new cafe, offices and a gym. However, the [...]
More business groups back London City Airport expansion after council blocked growth plans July 20, 2023 More business groups have come out in support of City Airport’s expansion plans after they were blocked by a local council. Early last week, Newham Council voted to oppose City Airport’s proposals, which would have created nearly 4,000 jobs and upped passenger capacity by two and a half million at the east-London hub. The airport [...]
CVC raises €26bn for record-breaking buyout fund July 20, 2023 Buyout giant CVC has raised a record-breaking $26bn for its latest fund making it the single biggest buyout vehicle in history.
£465m takeover of Lookers set to collapse as shareholder Cinch opposes deal July 20, 2023 The £465 million takeover of car dealership group Lookers is set to collapse after a major shareholder said it planned to block the move. Last month, the board of Lookers said it had agreed the sale of the company to Global Auto Holdings, an entity linked to privately owned Canadian car dealer network Alpha Auto [...]
Bitcoin could yet play a role in our battle over a climate crisis July 20, 2023 Can Bitcoin help towards mitigating the climate change emergency that is currently manifesting itself as extreme heatwaves?
Chapel Down increases market share as premium wine sales soar July 20, 2023 Britain’s largest winemaker Chapel Down has upped its market share as demand for its luxury wines heats up. Chapel Down’s market share increased to 36 per cent in the first half of the year, and the brand drove 80 per cent of overall English Sparkling Wine category value growth, according to information tracker Nielsen. The [...]
Some civil servants work from home 60 per cent of the week, new data shows July 20, 2023 Civil servants working on supporting the UK’s businesses were at their desks for just 40 per cent of the second week in July, government figures have revealed. Staff at the former Business, Energy and Industrial Strategy (BEIS) department came into the office for two fifths of the time during the week beginning Monday 10 July, [...]
UK firms looking to India for growth despite trade deal delays July 20, 2023 A host of UK firms are looking to expand their operations in India despite delays to the UK-India trade deal. India is now considered a core international growth market for UK mid-market firms, according to a survey of a survey of just over 600 medium-sized UK firms by accountancy firm Grant Thornton. Just over 70 [...]
Treasury slaps down calls for crypto to be regulated like gambling July 20, 2023 The Treasury has slapped down a suggestion from MPs that crypto should be regulated like gambling today, describing it as running “completely counter” to standards set by international watchdogs.
