World’s fastest track car: £1m McMurtry Spéirling EV returns to Goodwood July 4, 2023 The Goodwood hillclimb record-breaker is entering production. Only 100 examples of the electric McMurtry Spéirling Pure will be made.
Augmentum: London-listed fintech fund rides out volatility as portfolio edges upward July 4, 2023 Listed fintech fund Augmentum reported a bump in the value of its portfolio today as it shrugged off the volatility that has hammered tech and fintech firms globally over the past year.
Crypto markets treading water in anticipation of Fed interest rate reports July 4, 2023 Bitcoin and Ethereum are inching upwards as the Fed weighs its next move with interest rate hikes.
Savings rates: Big banks to meet regulator this week after ‘blatant profiteering’ claims July 4, 2023 Banks will meet with the regulator this week to discuss the savings rates on offer as pressure grows on the UK’s largest lenders to avoid so-called ‘profiteering’. Heads of the largest UK banks – including Lloyds, NatWest, Barclays and HSBC – will meet with the Financial Conduct Authority on Thursday, according to people familiar with [...]
A Better Way Forward for M&A Pipeline Management July 4, 2023 Pipeline management – identifying, building, and managing potential targets and opportunities – is key to success for M&A dealmakers. However, the process can be extremely inefficient. Dealmakers often rely on spreadsheets that are not purpose-built for tracking M&A opportunities, lack sophisticated automation to optimize workflows, and don’t link with other M&A technologies being used. A [...]
INEOS boss Sir Jim Ratcliffe brands CMA ‘increasingly hostile to business’ after $1bn deal snub July 4, 2023 INEOS chair Sir Jim Ratcliffe has lashed out at Britain’s competition watchdog for being “increasingly hostile” to business – after it blocked a $1bn deal involving his firm. The business titan who founded the private chemicals giant made his comments after the Competition and Markets Authority prevented INEOS’ acquisition of Sika AG, a concrete additives [...]
Rolls-Royce Spectre review: Driving the electric dream July 4, 2023 The Spectre offers the comfort and craftsmanship of a traditional Rolls-Royce, but with electric power. Is it the best EV in the world?
Oil prices struggle to rebound despite latest cuts from Saudi Arabia and Russia July 4, 2023 Fresh supply cuts from top exporters Saudi Arabia and Russia has failed to drive up prices for oil in this morning's trading.
Wizz Air outpaces strike-hit Ryanair as passenger numbers rise before critical summer getaway July 4, 2023 Wizz Air began the much-anticipated summer season of travel with a 23 per cent year-on-year boost in passenger numbers over June, as it outpaced its strike-hit ultra-low cost rival Ryanair. Its rival, Ryanair, reported passenger figures grew nine per cent to 17.4m last month. However, the carrier was forced to cancel 900 flights as a [...]
The Notebook: Grasp’s Richard Karlsson on M&A, AI and financial research July 4, 2023 Every day we hand the notebook keys to City movers and shakers. Today, it’s Richard Karlsson, CEO and Co-founder of Grasp, the Stockholm-headquartered startup behind the first AI assistant automating financial research Last week, Goldman Sachs lost its first-place M&A advisory ranking for the first time in five years. This provides a timely opportunity to [...]
