Confusion on Twitter as Elon Musk fails to take blue ticks off site – despite saying they’d go on 1 April April 3, 2023 Twitter has failed to take legacy blue checkmarks off the social media platform after it committed to remove them on April 1. The business, led by billionaire owner Elon Musk, has also confused many people by making older verified users indistinguishable from those who have paid for the checkmark. It comes after Mr Musk said [...]
Teachers back new strikes after ‘insulting’ offer as schools likely to shut, forcing parents to stay at home April 3, 2023 Schools in England face fresh strikes this spring after members of the largest education union in the UK rejected the Government’s pay offer. An overwhelming 98 per cent of National Education Union (NEU) teacher members in England, who responded in a consultative ballot, voted to turn down the deal. The NEU, which had urged its [...]
Deal or no deal? Peel Hunt blames bank bailouts and inflation as it expects to be ‘marginally loss making’ April 3, 2023 Peel Hunt warned that the impact of recent bank bailouts might impact its pipeline as the City broker continues to struggle amidst the dearth of deals. In a trading statement at the end of its financial year, the investment bank said it has seen a “gradual improvement” in its pipeline. However, it said “execution risk [...]
Bitcoin treads water above $28k as traders anticipate Friday’s inflation numbers April 3, 2023 Bitcoin is changing hands for $28,330 this morning, largely flat on the day, and over seven days as traders await jobs news on Friday.
The must-have accessory for global finance chief execs? A first class flight to Beijing April 3, 2023 A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their relations with Beijing at the start of President Xi Jinping’s new term. Goldman Sachs CEO David Solomon, HSBC CEO Noel Quinn and Standard Chartered boss Bill Winters are among the [...]
Curtain call? Cineworld shares plunge 20 per cent after failing to find buyer for UK, US and European arms April 3, 2023 Shares in Cineworld plunged 20 per cent this morning after the beleaguered entertainment chain was forced to drop the sale process in its US, UK and Ireland businesses after it failed to find a buyer. The cinema operator, which was hit hard by the fall out from Covid-19, revealed it will be taken over by [...]
UK economy on tightrope between recession and growth as exports slip but inflationary pressure eases in March April 3, 2023 Manufacturing fell in March, although fears the UK economy is entering a recession may be premature as inflation eased and average supplier lead times improved. The seasonally adjusted S&P Global /CIPS UK Manufacturing Purchasing Managers’ Index fell to 47.9 in March, down from February’s seven-month high of 49.3 and an earlier flash estimate of 48.0. [...]
UK housing model is ‘broken’, says Michael Gove April 3, 2023 The UK’s housing model is “broken”, housing secretary Michael Gove has said. The comments by the senior cabinet minister come in a foreword to a collection of essays by liberal conservative think tank Bright Blue. First reported by the Times newspaper, Mr Gove writes: “We desperately need more homes to bring ownership within reach of [...]
FTSE 100 close: Shell and BP lift London higher as OPEC production cut boosts oil giants April 3, 2023 London’s FTSE 100 was dragged up by its oil giants at the beginning of the week, as OPEC’s cut to production saw BP and Shell climb. The capital’s premier index closed up 0.54 per cent at 7,673.00 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Former Quilter boss Paul Feeney joins Skerritts to lead acquisition push April 3, 2023 The former boss of FTSE250 investor Quilter has been appointed chief executive of Brighton-based wealth manager Skerritts as it looks to ramp up its growth following a flurry of acquisitions in the past two years.
