Burning car hits Mayor’s home as Paris riots continue overnight July 2, 2023 Young rioters clashed with police late on Saturday and early on Sunday and targeted a mayor’s home with a burning car as France faced a fifth night of unrest sparked by the police killing of a teenager, but overall violence appeared to be reduced compared with previous nights. Police had made 719 arrests nationwide by [...]
Gerry Murphy to take chairman role at Tesco after John Allan resignation July 2, 2023 The UK’s biggest supermarket chain Tesco has appointed a new chairman after his predecessor stepped down amid allegations of inappropriate behaviour. Dr Gerry Murphy, current chairman of luxury fashion brand Burberry and Tate & Lyle, the ingredients maker, is to replace John Allan in the top job, Tesco said. He will take up the role [...]
Just Stop Oil protesters disrupt London Pride over ‘high-polluting’ sponsors July 1, 2023 Just Stop Oil protesters have disrupted London’s Pride march in protest over the parade accepting sponsorship money from “high-polluting industries”.
Top U.S. banks raise dividends after sailing through Fed stress tests July 1, 2023 U.S. banks including JPMorgan Chase, Wells Fargo, Goldman Sachs and Morgan Stanley hiked their third-quarter dividends on Friday after sailing through the Federal Reserve's annual health check
Odey Asset Management pushes to restructure funds July 1, 2023 Odey Asset Management (OAM) has proposed to restructure two of its key funds, according to letters to investors reviewed by Reuters, as part of efforts to extract founder Crispin Odey from the business after several assault and harassment allegations surfaced against him.
Architect of water privatisation defends decision amid Thames Water turmoil July 1, 2023 Lord Michael Howard, one of the architects of water privatisation, defended the decision amid questions over Thames Water’s future.
Some high street iced coffees have more sugar than Coca-Cola, Which? report claims July 1, 2023 Iced coffee drinks from high street chains can contain more sugar than a Mars bar or can of Coca-Cola, a survey has found. Which? compared frappes and frappuccinos from Caffe Nero, Costa and Starbucks to find many had “exceptionally high” amounts of sugar. One of the unhealthiest options was a Starbucks caramel frappuccino with semi-skimmed [...]
CMA probe throws £16bn Adobe and Figma tie-up into doubt June 30, 2023 The UK’s competition watchdog has said it may move to block Adobe’s acquisition of design platform Figma unless they can resolve anti-trust concerns. In a summary of the decision, the Competition and Markets Authority (CMA) said the merger of the two companies gives rise to “a realistic prospect of a substantial lessening of competition”. Leading [...]
Insurers back Bank of England Brexit Solvency II reforms and new investment push June 30, 2023 Insurers welcomed proposals released yesterday detailing potential post-Brexit reforms to the EU’s Solvency II regime. The EU’s Solvency II regime imposed rules on how much capital insurers had to hold and where it could be invested. Plans to reform the regime were announced last year and are designed to unlock billions in capital from the [...]
Tesco slashes price of 500 essentials including fruit and veg, rice and tuna to help shoppers with cost of living June 30, 2023 Tesco has cut the price of more than 500 household essentials, in a boost to shoppers after the surge in the cost of living. The supermarket giant confirmed reductions in the price of key products such as fruit and vegetables, rice and tuna, as retailers have faced growing scrutiny over higher food costs. Latest official [...]
