Bitcoin sparks into life after a week of stagnation in crypto markets May 23, 2023 Bitcoin is up 1.7% since yesterday and trading above $27k as BTC spot trading volumes surged by almost 40%.
City breathes sigh of relief: Draft MoU on post Brexit UK-EU financial services welcomed May 23, 2023 Figures in the City seemed to breathe a sigh of relief following the publication of a draft memorandum of understanding (MoU) on financial services between the UK and EU last week. Released last Friday, the agreement commits the two to “jointly endeavour to pursue a robust and ambitious bilateral regulatory cooperation in the area of [...]
Britain can respond to Joe Biden’s $369bn of green subsidies by playing to our strengths May 23, 2023 The UK's response to hundreds of billions of dollars of green subsidies from Joe Biden must boost the strength of our role as a leader in financial services, writes Constantin Cotzias
Google boss Sundar Pichai warns AI is ‘too important not to regulate’ May 23, 2023 Artificial Intelligence (AI) is too important not to regulate and the US and EU must work together to develop “robust” rules to guide the growth of the powerful new technology, Alphabet’s boss Sundar Pichai said today.
Britain still on track to dodge a recession this year but inflation returns May 23, 2023 Britain is still on track to avoid a recession in 2023 driven by consumer spending holding up amid a tough cost of living crisis, a closely watched survey out today shows. S&P Global and the Chartered Institute of Procurement and Supply’s composite purchasing managers’ index (PMI) for May hit 53.9 points. While the number was [...]
Topps Tiles share price up on record sales of £130m despite inflation throwing wrench into profits May 23, 2023 Shares in Topps Tiles soared 4.57 per cent this morning as the retailer reported “record” earnings in the first half of the year, crediting a cooling of high inflation and recruitment woes. The London-listed business said sales were up 9.3 per cent year on year to £130.3m, and group gross profit grew 2.7 per cent [...]
Elizabeth Line: London can enjoy strike free half term as industrial action on route binned May 23, 2023 Elizabeth Line strikes will no longer take place on 27 May, marking the end of planned half-term industrial action for London’s busiest route as it marks its first anniversary. Eighty percent of TSSA members voted to accept the latest pay offer, which the union says addressed their main concerns. As a result, the planned ‘Action [...]
Supermarket wars: Tesco rakes in £8.92bn of sales as clubcard points entice cash-strapped shoppers May 23, 2023 Tesco remains Britain’s favourite supermarket with clubcard points helping cash-strapped shoppers in the cost of living crisis – but Waitrose was given a sales boost thanks to luxury purchasing during the King’s Coronation. Figures released by Kantar show that in the 12 weeks to 15 May, ‘Big Four’ grocer Tesco raked in £8.92bn in sales [...]
Confirmed: Scandal-hit Home REIT calls in AEW and announces plans to offload properties May 23, 2023 Scandal-hit housing investor Home REIT has confirmed the appointment of property giant AEW as its new fund manager today and said it will now sell-off a slew of properties as it scrambles to stabilise its sprawling portfolio.
John Allan: Tesco chair now also quits Barratt role fearing misconduct claims may become ‘disruptive’ May 23, 2023 Tesco chair John Allan will quit his role at the top of Barratt Developments, fearing sexual misconduct claims which he staunchly denies will become “disruptive. The London-listed housebuilder told investors this morning that Allan would step aside from the role he has chaired for nine years at the end of next month – three months [...]
