Natwest set to receive £47m after reducing stake in Irish bank Permanent TSB June 2, 2023 Natwest and the Irish finance ministry have sold nearly 55m shares in Permanent TSB, representing about 10 per cent of the Irish bank’s share capital. The sale reduces Natwest’s share holding from around 16.7 per cent to around 11.7 per cent. The Irish government will continue to hold 57.4 per cent of the bank. The [...]
Animal drugmaker Dechra backs £4.5bn takeover swoop from Swedish firm EQT June 2, 2023 Animal drugmaker Dechra Pharmaceuticals has backed a £4.5bn takeover bid from Swedish investment firm EQT today in what would be one of the biggest take-private deals in London so far this year.
Wall Street rises on hopes the Fed may take it easier on rate hikes June 2, 2023 Wall Street rose on Thursday with hopes that the Federal Reserve may soon take it easier on its hikes to interest rates. The S&P 500 rallied 1 per cent after a suite of reports painted a picture of a split US economy. The job market remains solid, but manufacturing is weakening and retailers are seeing [...]
US Senate approves debt ceiling bill narrowly avoiding traumatic default June 2, 2023 The US Senate approved a deal to lift the debt ceiling yesterday, avoiding a traumatic federal default by a matter of days. 63 senators backed the proposals on Thursday night after the deal secured bipartisan support in the House of Representatives on Wednesday. Senate Majority Leader Chuck Schumer said ahead of voting that the Bill’s [...]
British Airways vows to challenge near £1m fine by US govt over refunds for cancelled pandemic flights June 2, 2023 British Airways has been fined almost £1 million by the US government over claims it failed to pay refunds for cancelled flights. The US Transportation Department said in a legal document the airline did not “provide timely refunds to passengers” for abandoned or rescheduled flights to and from the country during the coronavirus pandemic. British [...]
Why Lufthansa’s stake in Alitalia successor ITA could signal a wave of European consolidation June 2, 2023 Lufthansa’s purchase of a minority stake in Italy’s loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe’s fragmented aviation market that could see more mid-tier national carriers snapped up. The German group will be judged on whether it can make the successor business to Alitalia profitable in coming years, potentially setting the scene [...]
Watch: US President Joe Biden, 80, falls over after a speech June 2, 2023 US President Joe Biden fell over after giving a speech thanking US air force academy graduates for choosing “service over self”. He said they now have the “great privilege” of leading in a world that will only get more confusing in the years to come, and then stumbled on stage after handing out diplomas to graduates. “Graduates, [...]
EP: 204 Epsom Derby Day & Hong Kong June 2, 2023 One of the world’s greatest races takes place at Epsom racecourse on Saturday when the 3 year old colts line up in the Betfred Derby on what is always a great day of flat racing. Today we hear from Irish trainers Aidan O’Brien and John Joseph Murphy ahead of the big race. City AM Racing [...]
The Punter Summary Podcast 04 June June 2, 2023 Here’s your chance to hear all of City AM racing editor Bill Esdaile’s best weekend tips in a short summary episode of ‘The Punter Podcast’ alongside Chris Barnett. The full weekend preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a [...]
Phillip Schofield: I have ‘lost everything’ after the affair June 2, 2023 Phillip Schofield said he has “lost everything” in the wake of his affair with a younger male colleague and told of a “catastrophic effect” on his mind. The former This Morning presenter, 61, said the fallout from the revelations had been “relentless” and urged the media to leave his former lover “alone now”. Speaking to [...]
