Next share price up as it thanks sunny spells for raised profit guidance June 19, 2023 Next share price increased over four per cent this afternoon as the retailer raised its sales and profit guidance. The high-street favourite made the surprise announcement after it was bolstered by the arrival of warm weather – but warned that it does not expect the momentum to continue for the rest of the year. In [...]
FCA restricts Odey’s hedge fund from moving assets June 19, 2023 The Financial Conduct Authority has blocked bosses at Odey Asset Management from withdrawing funds from the firm as it circles the investment firm following allegations of sexual assault against founder Crispin Odey.
Crypto: FCA cannot ignore ‘harms that exist’ in market as new rules come into force June 19, 2023 The Financial Conduct Authority’s (FCA) crypto lead Matthew Long said regulators could not ignore “the harms that exist” in the market as new rules come into force. Speaking at London FinTech Week, Long said regulators around the world needed to be vigilant of the risks that the crypto sector poses to consumers. He said “opportunities [...]
Labour would end onshore wind ban – but wouldn’t overturn Rosebank if Tories approved it June 19, 2023 Labour would not look to withdraw approval for the UK's largest prospective oil and gas field, known as Rosebank.
Explainer-in-brief: Can Keir Starmer cut planning times for onshore wind? June 19, 2023 Will scrapping the onshore wind veto help achieve Starmer's dream of the UK as an 'energy superpower'?
Wimbledon hit by fresh rail disruption as ASLEF announce overtime work ban June 19, 2023 Train drivers at 16 train operators will stop working overtime across six days in July, the ASLEF Union announced today, coinciding with the first week of the Wimbledon tennis tournament. ASLEF members will stop working overtime between Monday 3 July and Saturday 8 July in a long running dispute over pay. Mick Whelan, ASLEF’s general [...]
Boohoo: Struggling retailer faces shareholder revolt over boss’s £650k bonus June 19, 2023 Boohoo is facing a shareholder revolt at its upcoming AGM this week as tension brews over hefty bonuses handed to executives. The Manchester-based fast-fashion business‘s share price fall 2.13 per cent this morning, after Institutional Shareholder Services (ISS) asked investors to oppose the pay report following a decision to hike bonuses. “tThere is no compelling [...]
Bank of England launches first ‘system-wide’ stress test to shed light on shadow banks June 19, 2023 The Bank of England launched its first system-wide stress test today of the financial sector as it attempts to shed light on the shadow banking sector. Through the tests, the Bank of England hopes to better understand how, during a period of market stress, the behaviour of shadow banks could amplify financial shocks. Shadow banks [...]
UK’s manufacturing outlook lifted as ‘extremely strong’ aerospace sector helps drive growth June 19, 2023 The UK’s manufacturing sector is set to perform better this year than previously predicted, as the country’s “extremely strong” aerospace helps to drive growth, a new report said today. The country’s manufacturing sector is only set to contract by 0.3 per cent this year rather than 3.3 per cent, according to a quarterly survey by [...]
Bitcoin and Ethereum take a breather after a busy week for crypto markets June 19, 2023 Bitcoin is sitting comfortably above $26k, while Ethereum’s Ether is trading in line and hovering around $1.7k this morning.
