FTSE 100 Live: City stocks rally after tech sell-off; Iran threatens ‘forceful response’ over Strait of Hormuz
CMC Markets: London listed trading platform run by Lord Cruddas bids farewell to CFO July 7, 2023 Trading platform CMC Markets has announced the resignation of its group financial officer as a director. The company’s top exec, Euan Marshall, will be heading to IntegraFin Holdings as its new CFO, and ends his tenure at CMC in January 2024. A search for his replacement will commence soon, and the firm said he’ll remain [...]
Retailers struggle to rack in sales in June as shoppers continue to scale back July 7, 2023 Retailers continued to show signs of struggling in June, new figures show, as sales growth remained well below inflation due to customers scaling back their shopping habits due to the cost of living crisis. Total like-for-like sales in June grew 1.9 per cent from last year’s base of 8.4 per cent, according to figures from [...]
Government has no idea what it is trying to achieve with ‘floundering’ HS2 Euston project, MPs warn July 7, 2023 MPs have slammed the government’s handling of a “floundering” HS2 Euston project this morning, amid mounting criticism over the scheme’s soaring costs and ongoing delays. In a highly critical report, the Public Accounts Committee (PAC) called on the Department for Transport (DfT) to “finally establish” its plans for the station against what it is willing [...]
Sky-high bills are not inevitable and our energy bosses shouldn’t buy into this myth July 7, 2023 Chris O'Shea, the boss of Centrica, is wrong to accept energy prices of over £2,000.
The tourist tax is hurting Britain, no matter what Rishi Sunak says July 7, 2023 Tourists pay an extra 20 per cent for shopping in London than in Paris or Milan.
YouTube stars including KSI and Sidemen invest £1.5m in emerging video-podcast studio July 6, 2023 The Fellas Studios, a production company owned by popular YouTubers Callum Airey and Joshua Larkin, has received £1.5m in investment as the brand is set to put ‘video podcasting’ on the map. The burgeoning studio has said it is the “fastest-growing” video podcast house in the UK after it gained significant financial support from YouTube [...]
FTSE 100 tumbles to year low and gives up 2023 gains after hitting record high just months ago July 6, 2023 London’s FTSE 100 tumbled to its lowest closing level this year today as the index was captured by a global stock market sell off ignited by traders fretting over further interest rate rises. The capital’s premier index cratered 2.24 per cent, its biggest one day fall since March, to close at 7,275.60 points, while the [...]
Gatwick submits £2.2bn expansion plan as CEO hails airport competition July 6, 2023 Gatwick Airport has submitted an application for a £2.2bn second runway that could see passenger traffic double to 75 million. The west Sussex hub announced this afternoon that it had presented proposals to the government’s planning inspectorate, which aim to bring its emergency runway into routine use. Speaking to City A.M. ahead of the news, [...]
Law Commission final report on digital assets July 6, 2023 Professor Sarah Green, Law Commission for Commercial and Common Law of England and Wales, explains the commission's digital assets report.
Taylor Swift fans warned Eras tour tickets ‘highly attractive target for criminals’ July 6, 2023 Taylor Swift fans keen to secure tickets for her 2024 Eras Tour have been urged to be alert to fraudsters taking advantage of “phenomenal demand” for the shows. Fans who registered last week were to have learned on July 5 if they had been randomly selected to receive a highly sought-after pre-sale code giving them [...]
