Ukraine’s Eurovision Song Contest in Liverpool: Is Moscow competing, can Russia vote and are they broadcasting it? May 12, 2023 The 67th Eurovision Song Contest is taking place in Liverpool this year after the UK was chosen to host on behalf of war-torn Ukraine. It is the first time the competition has been held in the UK for 25 years – and Russia will not be competing. Why is Russia absent from the contest? Russia, [...]
CBI: New boss Rain Newton Smith doesn’t take crisis-hit group’s future ‘for granted’ May 12, 2023 The new head of the crisis-hit CBI, Rain Newton Smith, has said she does not take the future of the group “for granted” and warned the task of winning back trust from businesses is “as big as it is urgent”. Newton Smith, who was parachuted in to head Britain’s biggest business group last month, made [...]
FTSE 100 live: London’s premier index closes the week up after Beazley bump and UK economy growth May 12, 2023 The FTSE 100 has ended a mixed week on the up after a bump for Lloyds of London insurer Beazley this morning and growth in the UK economy. London’s flagship index ended the week with a gain of around 0.63 per cent after ONS figures this morning showed GDP edged 0.1 per cent higher in [...]
Disney woes and health of banks edged Wall Street lower May 12, 2023 Wall Street edged lower on Thursday, weighed down by a sharp drop for the Walt Disney Company and flaring fears about the health of some US banks. The S&P 500 lost 7.02 points, or 0.2 per cent, to 4,130.62, with two out of every three stocks in the index falling. The Dow Jones Industrial Average [...]
GSK offloads £804m worth of shares in spun out healthcare arm Haleon May 12, 2023 British drugmaker GlaxoSmithKline (GSK) has today offloaded some 240m shares of its spun out consumer healthcare group Haleon in a move which has raised £804m for the firm.
UK on track to dodge recession as economy grows 0.1 per cent in first quarter May 12, 2023 Britain is on course to officially dodge a technical recession in the first half of this year, demonstrating the big turnaround in the country’s economic fortunes in just a handful of months, figures out today show. Gross domestic product (GDP) – which measures all goods and services made in an economy – edged 0.1 per [...]
THG shares tumble after bosses shut down Apollo takeover talks May 12, 2023 Retail group THG has shut down takeover talks with Apollo after its board deemed the US buyout giant had tabled “inadequate valuations” for the firm.
Rail strikes: Walk out today to cripple services across UK disrupting Eurovision celebrations May 12, 2023 Rail passengers face fresh travel disruption over the next few days because of strikes by train drivers and other workers in long-running disputes over pay. Members of the drivers’ union Aslef will walk out on Friday at more than a dozen train operators, crippling services across the country. Further strikes will be held on May [...]
Morning in the City: Live news and updates as GDP up 0.1 per cent after rate rise May 12, 2023 Good morning and welcome to City A.M.’s live blog on Friday 12 May. We lead today with GDP figures from the Office for National Statistics, a day after the 12th straight rate rise.
The NHS crisis has a long tail, private GPs should become the norm for firms May 12, 2023 NHS waiting lists are not going to disappear anytime soon, but the health of the workforce is crucial to the economy. Businesses should make private GPs and other healthcare a standard offering, writes Brett Hill.
