Sunak piles pressure on private sector to invest in war-torn Ukraine economy June 19, 2023 The Prime Minister Rishi Sunak is set to pile pressure on UK firms to invest in the Ukrainian war effort this week as Kyiv mounts its own charm offensive on the private sector globally.
Coco-Cola HBC share price knocked after drinks giant snaps up vodka group for £172m June 19, 2023 Coca-Cola HBC, the bottler of Coca-Cola products, has seen its share price knocked after it revealed plans to snap up a Finland-based Vodka group for $220m (£172m). The soft-drink company’s latest move comes as it looks to expand its presence within the alcoholic drinks market, while already bottling popular Italian apéritif Aperol. Today it revealed [...]
Rishi Sunak rules out help for homeowners as mortgage rates top six per cent June 19, 2023 Prime Minister Rishi Sunak today ruled out helping struggling mortgage holders despite rates breaching the six per cent mark for the first time since December. Amid surging mortgage rates, the Prime Minister said the government needed to “stick to the plan” to halve inflation rather than offer support to mortgage holders. Speaking on ITV’s Good [...]
MusicMagpie turns corner from postal strike misery with earnings boost June 19, 2023 MusicMagpie reported its earnings rebounded after a post-February rally helped the tech retailer shake off the impact of postal strikes and low consumer confidence. Underlying earnings shot up 42 per cent to £2m in the second quarter, with the Stockport headquartered firm seeing pre-tax earnings rise 7.7 per cent over the entire period, dented by [...]
BAT shakes up top team as it ploughs ahead with growth through cigarette alternatives June 19, 2023 Lucky Strike maker British American Tobacco (BAT) has shaken up top level management with a string o senior appointments – including a new chief operating officer. The rejuvenation of its top team follows the departure of the group’s ex chief executive Jack Bowels who was replaced by Tadu Marroco. Marroco, the firm’s former finance director [...]
AstraZeneca: Britain’s biggest FTSE firm drafts plans to spin off Chinese business – reports June 19, 2023 AstraZeneca, London’s biggest listed company, is looking at plans to spin off its Chinese businesses to protect it from geopolitical tension, according to a report. Citing people familiar with the situation, the Financial Times said the British-Swedish drugs giant has been in talks with bankers for several months. When contacted by the PA news [...]
EP: 207 Royal Ascot – Tuesday June 19, 2023 Three Group 1 races for us to enjoy on the first day of Royal Ascot as the best week of international racing gets underway on Tuesday. The Queen Anne, the King’s Stand and the St. James’s Palace Stakes all look to provide a great deal of excitement for flat racing fans, and we get to [...]
The Punter Summary Podcast 20 June June 19, 2023 Here’s your chance to hear all of City AM racing editor Bill Esdaile’s best racing tips for Tuesday at Royal Ascot in a short summary episode of ‘The Punter Podcast’ alongside Chris Barnett. The full preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting [...]
Pirelli chief cannot be chosen by Chinese largest investor, Italy government rules June 19, 2023 Italy’s government has ruled that China’s Sinochem cannot designate the chief executive of Pirelli despite being its main shareholder with a 37 per cent stake, the Italian tyre maker said on Sunday. The decision is part of the measures announced this week by Rome’s right-wing administration to shield the autonomy of Pirelli and its management. [...]
Sunak keeping quiet on Boris partygate report as he ‘would not want to influence anyone’ before crunch vote June 19, 2023 Rishi Sunak has refused to say whether he will approve the report that found Boris Johnson lied over partygate, saying he “would not want to influence anyone in advance of that vote”. Speaking to Good Morning Britain on ITV, the Prime Minister said: “This committee was established under the former Prime Minister. It commanded the [...]
