Why have UK banks been insulated from US panic? Regulation, regulation, regulation March 24, 2023 Regional lenders in the US have been in the spotlight since the collapse of Silicon Valley Bank (SVB) with investors concerned they might be at risk from an avalanche of deposit flights. Since the collapse of SVB and Signature, shares in the US KBW regional banks index have fallen over 10 per cent. In the [...]
Families grow increasingly confident about UK dodging recession March 24, 2023 Families are increasingly confident the UK will dodge a recession this year in another sign the economy is performing better than feared than at the turn of the year, a closely watched survey out today indicates. UK consumer confidence jumped in March for the second month in a row, albeit up to a historically low [...]
Chief execs can’t hide behind not knowing their carbon footprint anymore March 24, 2023 Short-term plans from CEOs only in the job for five years mean too many companies with “pledges” to go net zero are still digging their heads in the sand, writes Freddie Evans
Rising food prices surprised the Bank of England, but supermarkets saw it coming March 24, 2023 An unexpected rise in inflation and the price of food shows us not to take it for granted.
Keir Starmer follows Rishi Sunak and publishes tax return March 23, 2023 Sir Keir Starmer has published his tax returns, showing he paid £67,000 in tax over the last year. The Labour leader paid £51,547 in 2020/21 and £67,033 in 2021/22, he said, which is a total of £118,607. It came just a day after Prime Minister Rishi Sunak published his own tax returns, which revealed he [...]
EY chief says it’s still too early to say whether split plan can be rescued March 23, 2023 The head of EY’s US business has said it is still too early to say whether the accounting giant’s global split will go ahead in its current form or whether the plan might have to be reworked. Julie Boland told the Financial Times it would be “premature” to predict whether EY’s current plan to split [...]
Retail: 40 per cent of high street shops will have to be repurposed or they will ‘wither on the vine’, local leaders warn March 23, 2023 Some 40 per cent of high street shops will have to be repurposed or they will “wither on the vine” as the demand for physical retail dwindles, local leaders have warned. According to a survey by trade body Revo and consultancy Lambert Smith Hampton, as first reported by The Guardian, the need to reinvent retail [...]
FTSE 100 close: London index slips after of Bank of England interest rate hike March 23, 2023 London’s FTSE 100 slipped lower today after the Bank of England’s hiked interest rates for the eleventh time in a row. The capital’s premier index dropped 0.89 per cent to just under 7,500 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, lost 0.15 per [...]
Do Kwon: Seoul police waiting on fingerprints to identify man arrested in Montenegro March 23, 2023 Police in Montenegro say they believe they have arrested Terraform Labs fugitive Do Kwon who has been on the run since September.
Parliament bans TikTok as its CEO is grilled by US Congress over China data security concerns March 23, 2023 TikTok is to be blocked from all parliamentary devices amid rising concerns over data security and links to the Chinese government. The social media video sharing app will be blocked from use on all phones issued by the House of Commons and the House of Lords – just weeks after the government took a similar [...]
