Risk-taking is the key to reinvigorating London’s equity markets June 19, 2023 So, structural weakness in London or the unique circumstances of an emerging market family business? That’s the question on many lips after WE Soda bailed out of its London float last week. The chief exec is (unsurprisingly) in the former camp, suggesting that institutional investors are somehow failing to step up in the capital’s battle [...]
The Notebook: Jeffrey Bronheim on what the UK could learn from the US’s attitude to ‘revolving doors’ June 19, 2023 Today, Jeffrey Bronheim, managing partner of law firm Cohen & Gresser‘s London office, takes the notebook pen. As an American who has built up a legal practice in London, I have seen differing views on what is dubbed the ‘revolving door’ between business and government on either side of the Atlantic. In the UK, politicians [...]
Shell’s oil and gas embrace may woo investors, but it is short term thinking June 19, 2023 Shell is embracing oil and gas but its plans have a shelf life - as the IEA predicts the global peak in world in oil demand could be just five years away
P&O launches world’s largest hybrid and double-ended ferry in the Channel June 19, 2023 The world’s largest hybrid, double-ended ferry marks its maiden voyage in the English Channel today as part of a £250m investment from P&O Ferries to cut emissions and bolster its Dover-Calais route. Double-ended P&O Pioneer can carry 1,500 passengers and 700 vehicles and will help to bring a 40 per cent reduction in carbon emissions, [...]
House prices drop for first time this year as Bank of England interest rate hikes take hold June 19, 2023 House prices have dropped for the first time this year, sparked by the property market being whacked by the Bank of England’s 12 successive interest rate hikes to quash inflation, new figures out today show. The average price of a home coming to market fell £82 over the last month to £372,812, the first drop [...]
Pubs closing at fastest pace in a decade as high interest rates and energy bills crush Britain’s boozers June 19, 2023 Pubs are closing at the quickest pace in a decade and experts have warned a further wave of failures are on the way, new research out today shows. Some 620 of Britain’s watering holes disappeared over the year to the end of March, a 68 per cent increase from the 369 failures in the same [...]
Exclusive: Home REIT shareholder calls for FCA probe into ‘misleading’ statements June 19, 2023 The City watchdog is under pressure to investigate scandal-hit social housing investor Home REIT on the grounds it repeatedly misled the market and left investors “badly burnt”, City A.M. can reveal.
UK inflation tipped to trim to lowest level in over a year as food prices begin to ease June 19, 2023 UK inflation is poised to recede to its lowest level in over a year, pushed lower by food and energy price rises easing, markets are betting. Fresh cost of living figures from the Office for National Statistics (ONS) on Wednesday will top investors’ minds in a busy week of data that will shape movements in [...]
Bank of England to raise interest rates for 13th time in a row this week to tame persistent inflation June 19, 2023 The Bank of England is nailed on to raise interest rates for the thirteenth meeting in a row this Thursday, but markets think there’s an outside chance Governor Andrew Bailey and co will revert to an outsized rise to tame what is emerging as the worst inflation problem in the rich world. Markets reckon the [...]
Farmers set for public funds to drive UK’s nature recovery June 19, 2023 Farmers will gain fresh access to public funds to invest in restoring nature, as the government targets the recovery of lost natural habitats.
