FTSE 100: Ocado set to be chucked from the trolley in London index reshuffle May 30, 2023 Ocado is set to be rubbed off many investors’ shopping lists this week as it faces a relegation from the FTSE 100 following a troubled period of slowing sales and a tumbling share price.
Blur – The Narcissist: A deep-dive into the genesis of (another) hit May 30, 2023 There is a moment in the Beatles’ catalogue of which I’m particularly fond. It comes on the album Sergeant Pepper’s Lonely Hearts Club Band when Paul McCartney, ever the panting optimist, sings: “It’s getting better all the time.” Lennon improvises back: “It couldn’t get much worse.” The essentially dual spirit of the Beatles is encapsulated in that [...]
Oil prices wane as US races to secure deal over debt ceiling May 30, 2023 Both major oil benchmarks dipped this morning as fears over the sustainability of the US debt ceiling made investors more cautious.
The “shy capitalists” want more of their own money, not toxic culture wars May 30, 2023 Forget Mondeo Man or Basildon Barry, there’s a new electoral figure on the scene: the ‘shy capitalist’ millennial. That, at least, is the conclusion of the latest bit of research by Onward, the newly revved-up Tory think-tank. In short, millennials – those between the ages of 25 and 40 – appear to be the first [...]
Sunak to crack down on ‘unacceptable’ targeting of young people by vape market May 30, 2023 A new Government crackdown on vape marketing will prevent the “unacceptable” targeting of children and young people, Rishi Sunak has said. Ministers have pledged to close a loophole allowing retailers to give free samples of vapes to children in England, amid concerns over the proportion of children trying e-cigarettes. The move comes days after the [...]
Covid inquiry legal battle looms for ministers over Boris Johnson WhatsApp requests May 30, 2023 Ministers could be set for a legal battle with the Covid-19 inquiry over the requested release of unredacted WhatsApp messages and diaries belonging to Boris Johnson. The Cabinet Office has until 4pm on Tuesday to respond to the request from Lady Hallett’s official inquiry. There has so far been little sign that ministers are set [...]
Home REIT investigation: investment manager passed over ‘innacurate’ ESG info and had ‘undisclosed’ conflicts of interest May 30, 2023 The former investment manager of scandal-hit property firm Home REIT passed over “inaccurate” information to an ESG inspector and certain top figures had “undisclosed potential business interests” with third parties, a damning internal report has revealed today.
Issa Brothers double-up Asda and EG Group to create forecourts giant May 30, 2023 Asda has confirmed plans to acquire the UK and Ireland division of petrol giant EG in a deal that will create a UK consumer giant with £30bn-worth of revenues a year. The supermarket, which is headed by the billionaire Issa brothers, has purchased the brothers’ other business, the EG Group, for £2.27bn. Asda is now [...]
Ukraine launches biggest ever drone raid on Moscow in Kyiv retaliation May 30, 2023 Ukraine launched one of its biggest drone attacks on Moscow on Tuesday, according to Russia, whose defence ministry said all were destroyed approaching the city. There were no reports of deaths. Moscow Mayor Sergei Sobyanin said two people were injured, one of whom was hospitalised, in the early morning attack. The residents of several parts [...]
Brits put recession fears aside to bowl strikes at ten-pin operator May 30, 2023 Hollywood Bowl reported record revenues of £110.2m in its half year results this morning, up 20.7 per cent on 2022 amid strong sales, and said it would continue to eye expanding its UK estate and leisure centres. However, the bowling operator reported a drop in its pre-tax profits to £26.7m for the six months to [...]
