Could private equity be low-cost air travel’s unlikely saviour? June 15, 2023 Air fares for passengers in Europe have spiked 23 per cent over the last year, propelled by lack of competitiveness in the sector and issues regarding the supply of new aircraft from major manufacturers Boeing and Airbus. In what were well-publicised comments at the time, budget airline Ryanair’s CEO Michael O’Leary proclaimed in August that [...]
UK safety tech sector to grow to £1bn by mid-2020s June 15, 2023 Safety tech – technology designed to promote a safer online environment – is experiencing rapid growth in the UK. The UK’s safety tech sector has achieved an annual revenue of £456m, shooting up 20 per cent from this time last year, a new government analysis reveals today. It bottles this success down to greater investment, [...]
European Central Bank hikes rates 25 basis points to 2001 and hints at more to come June 15, 2023 The European Central Bank (ECB) today signed off what many thought would be its final interest rate rise, but lingering concerns about high inflation may lure the monetary authority into further increases, experts have bet. The monetary authority of the 20 countries using the euro sent borrowing costs up 25 basis points to 3.5 per [...]
Explainer: The story behind the “Never kissed a Tory” slogan June 15, 2023 British politics comes with its quirks and oddities, and one of them is the spat about the “Never kissed a Tory” motto. For some, it’s tribal politics; for others, it’s a fun joke. For Mark Drakeford, the First Minister of Wales, it is probably the second option. When he decided to post a picture wearing [...]
London calling! Crypto industry’s big names are eyeing up the UK June 15, 2023 Dozens of crypto giants are hopeful of a more welcome environment in the UK after a massive clampdown in the US.
Artorius camp in confident mood ahead of Queen Elizabeth II Jubilee Stakes bid June 15, 2023 Co-trainer Sam Freedman believes Artorius is the one to beat in the G1 Queen Elizabeth II Jubilee Stakes, the highlight on the final day of Royal Ascot. Speaking from Charlie Fellowes’ yard in Newmarket on Thursday morning, Freedman, said: “Artorius travelled over well. He only lost 4kg on the flight, whereas last year he lost 9kg, and [...]
Tech Week Day Four: Chips will be the battleground on which the contest for tech innovation is fought June 15, 2023 The penultimate day of London Tech Week is a timely occasion to discuss an industry not just under the spotlight in the tech sector, but the business agenda more broadly. Semiconductors, or ‘chips’, are the building blocks of electronic devices driving our rapid technological advancement and economic development. In his opening speech this week, the [...]
Natwest boss: We’re managing loan book ‘very very closely’ as rates spike June 15, 2023 Natwest boss Dame Alison Rose said the bank was seeing “no material signs of distress” in its loan book despite the impact of rising interest rates. Speaking at the Goldman Sachs financial conference, Rose said: “We have seen no increase in defaults or impairments and the same on the business side… What we’ve actually seen [...]
More lenders expected to hike mortgage rates following HSBC, brokers warn June 15, 2023 More and more lenders are set to increase rates on mortgages, brokers have warned, as the fallout from the Bank of England’s rate rise continues to devastate homeowners. The fresh blow to the housing sector comes as HSBC pushed mortgage rates up for the second time in one week in an unprecedented move for the [...]
‘US investors back themselves’: Why WE Soda will be heading to New York after snubbing London June 15, 2023 London was dealt a fresh blow yesterday when soda ash firm WE Soda revealed it had scrapped its plans to float in London just one week after making the announcement.
