Bitstamp and Qi Digital team up over cryptocurrency payments July 11, 2023 Companies, banks and payment providers can accept cryptocurrency stored on Bitstamp following a new partnership with Qi Digital.
British Land overcomes uncertain landscape with leasing spree across London July 11, 2023 British Land provided investors with a cheery update on the outlook for the commercial property sector, as the firm was boosted by leasing activity across London and strength of retail parks. In an update ahead of its AGM later today, the property developer secured 552,000 sq ft of leasing across its portfolio in the first [...]
Heathrow: UK-US flights power summer travel surge – but it’s STILL 200,000 behind pre-pandemic levels July 11, 2023 Heathrow Airport reported seven million passengers passed through the hub last month thanks to UK-US flights, a massive uptick on last year but still 200,000 behind pre-pandemic levels. The figure, which comes as airports and airlines are in full swing with summer travel, still falls short of the equivalent month pre-pandemic – but marks a [...]
Stumbling economy allows insolvency specialists Begbies Traynor to cash in after acquisition spree July 11, 2023 Insolvency specialists Begbies Traynor upped its dividend after it saw its pretax profit increase by half in 2023. Pretax profit climbed to £6m from £4m the year before, ahead of market expectations, leading the firm to up its dividend by nine per cent on last year to 3.8p. On an adjusted basis, which excluded the [...]
Shock record wage growth amplifies risk of 14th straight Bank of England interest rate rise July 11, 2023 Workers’ pay is rising faster than expected and at among the quickest paces on record in a sign that the Bank of England will deliver a 14th straight interest rate rise next month, official figures out this morning reveal. Pay excluding bonuses rose 7.3 per cent over the three months to May on an annual [...]
F1-tribute Pininfarina hypercar to make Goodwood debut July 11, 2023 The Pininfarina Battista Edizione Nino Farina pays tribute to the first F1 world champion – and will be in action at Goodwood this week.
The FTSE 100 has done us all dirty… again July 11, 2023 The FTSE 100 has done us all dirty yet – again. Over and over it marches us up a hill only to send us back down again. Former Bank of England governor Mark Carney is often referred to as the “unreliable boyfriend” of monetary policy making for his comments signalling he and the MPC would [...]
Over a third of takeovers leaked to the press as dealmakers fail to keep schtum July 11, 2023 Leaky dealmakers have become an “endemic” problem as more than a third of all transactions globally are revealed by the press ahead of their official announcement, a new report has warned.
Government’s aid investor: Why only the private sector can lift people out of poverty July 11, 2023 In 1948, the chair of the Colonial Development Corporation Lord Reith described the newly formed state-backed body’s role as to “do good without losing money”. Since then it has been through a number of understandable rebrands and rejigs. It swapped its title for the Commonwealth Development Corporation in 1963, before winning a mandate from government [...]
Zoom revamps business model to recover from post-pandemic slump July 11, 2023 Zoom is determined to bounce back from a post-pandemic slump by revamping its business and product offerings, a top boss at the firm has said. “People have got used to a different lifestyle,” necessitating a fresh approach from Zoom, Frederik Maris, head of EMEA at Zoom, told City A.M. Beyond video meetings, Zoom is now [...]
