FTSE 100 Live: Stocks to fall as Hormuz strikes revive security threat; Asian markets hit by tech sell-off after Apple price hike
I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
FTSE 100 close: Barclays, NatWest and Lloyds all surge after Bank of England gives clean bill of health to lenders July 12, 2023 London’s FTSE 100 was yanked higher today by Britain’s biggest banks surging after being given a clean bill of health by the Bank of England this morning. The capital’s premier index notched one of its best days in weeks, surging 1.83 per cent to 7,416.10 points, while the domestically-focused mid-cap FTSE 250 index, which is [...]
Channel 4 bosses decline pay rise as staff battle cost of living crisis and revenues dip July 12, 2023 Channel 4 boss Alex Mahon said the broadcaster’s top executives declined a pay rise and deferred their bonuses to stay “in line” with staff who are battling the cost-of-living crisis amid a “tough downturn” in the advertising market for the channel. The broadcaster’s annual report published on Wednesday said it had to “significantly” tighten the [...]
Shares in fintech Fiinu fall over 60 per cent as banking licence slips out of reach July 12, 2023 The survival of fintech firm Fiinu was left hanging by a thread on Wednesday after it confirmed that it had not secured enough funding to resubmit its application for a banking licence. Shares in the AIM-listed digital lender, which offers short-term credit to customers, were trading 66 per cent lower after it updated the market [...]
Sunak says Ukraine ‘belongs’ in NATO as Wallace warns UK is ‘not Amazon’ for weapons delivery July 12, 2023 Rishi Sunak told Ukraine’s president Volodymyr Zelensky he belonged in NATO as he assured him “real progress” had been made on security guarantees for Kyiv in its fightback against Russia. The prime minister met the Ukrainian president on the fringes of the NATO summit in Vilnius. Zelensky has been left frustrated by the reluctance of [...]
Elon Musk poised to disrupt UK energy market with new Tesla supplier July 12, 2023 The energy market could be shaken up by a bold new challenger, with Elon Musk's Tesla unveiling plans to launch a new supplier in the UK.
Superdrug profits soar 71 per cent as budget beauty buys boost sales July 12, 2023 Superdrug has reported a surge in profits in its full year results thanks to a jump in sales of its own-brand products on top of strong Christmas trading. The medicine-to-beauty seller recorded pre-tax profits of £77.8m, up 71.1 per cent compared to the same period the previous year, as the retailer welcomed its first full [...]
Michael Gove’s housing department hands £1.9bn back to the Treasury in ‘blow to developers’ July 12, 2023 Michael Gove’s department returned £1.9bn of housing money to the Treasury claiming it was unable to spend it, leaving industry insiders baffled. The sum comprised money to pay for new house building projects, including affordable homes, and to conduct building safety remediations. Joshua Bond, founder and managing director of Bond Land, called Gove’s move “the [...]
Ofwat chiefs prepared to nationalise Thames Water if supplier collapses July 12, 2023 Ofwat is prepared to place Thames Water under protective measures which would effectively nationalise the company if the supplier collapses.
Investors call on Hipgnosis to sell songs as share price dwindles July 12, 2023 Investors in Hipgnosis Song Management, which owns songs by Rihanna, Nirvana and Justin Bieber, have called on the company to sell some of its holdings as the firm’s share price flounders. Hipgnosis’ share price – which trades as Hipgnosis Songs Fund on the FTSE 250 – has fallen around 30 per cent over the last [...]
HS2 chief executive quits as soaring costs and delays continue to mount July 12, 2023 HS2 Ltd’s longest serving chief executive has announced his resignation from the project amid ongoing criticism over soaring costs and delay. 56-year old Mark Thurston – who was paid a salary of £617,300 in 2021/22 – will depart at the end of September after six and a half years at the helm. In a statement [...]
