FTSE 100 close: London index slips despite Shell rising after posting £7.6bn profit May 4, 2023 London’s FTSE 100 tumbled today despite investors piling into Shell after it launched a fresh buyback funded from its huge first quarter profits. The capital’s premier index fell 1.04 per cent to 7,707.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.62 per [...]
Are housing targets good or bad? May 4, 2023 As a new WhatsApp controversy within the Tory party puts housebuilding targets in the limelight, Elena Siniscalco asks whether central targets are a good or bad housing policy
Number of Russians using London Commercial Court reaches new record despite sanctions May 4, 2023 A record number of Russian litigants have used the London Commercial Court in the past year despite sanctions imposed in the wake of the war in Ukraine, new research has revealed. The number of Russian litigants appearing in the Commercial Court, part of the Business and Property Courts of the High Court, rose by 41 [...]
UK antitrust agency probes AI market as calls for regulation grow louder May 4, 2023 The UK's competition regulator has launched a review into the advancement of artificial intelligence, it confirmed today, amid growing concerns over its unchecked power to potentially overhaul the jobs market and spread misinformation.
What’s next for crypto at Eurovision this year? May 4, 2023 Monty's not sure if he's coming or gong with Eurovision and the coronation, but he's expecting the weird to get even weirder.
WATCH: RNLI’s Tower lifeboats called out from new London station for the first time May 4, 2023 London’s busiest lifeboat rescue crew sprung into action from its new Waterloo Bridge home for the first time this week. The Tower team of the Royal National Lifeboat Institution (RNLI) launched from its newly-created multimillion pound station , after the dilapidated old one was towed away in January. Its previous station, which had parts of [...]
Analysis: Shell profits reflect strength of industry as much as soaring oil and gas prices May 4, 2023 Shell and BP unveiled bumper earnings this week, reigniting Labour's push for the windfall tax to be tightened.
Planet Crypto: Bankers praised for speedy processing… ‘Now we can go bust in half the time!’ May 4, 2023 The mischievous makers of mirth at Planet Crypto have been dipping their brushes in the paint pots again, with the banks providing a canvas.
Electric cars running out of charge as sales forecast downgraded May 4, 2023 Electric vehicle (EV) sales forecasts have been lowered despite nine consecutive months of growth in the UK car market, as concerns build over inadequate charging infrastructure in the UK. According to the Society of Motor Manufacturers and Traders’ (SMMT) forecasts, 22.6 per cent of new car registrations will now be battery electric vehicles (BEVs) by [...]
Volkswagen profits hit by drop in Chinese sales as rivals gain a foothold May 4, 2023 Volkswagen (VW) profits fell 30 per cent in the first three months of the year despite booming business in Europe and North America because sales dropped in China, where the German car maker is facing increasing competition from homegrown models. After-tax profit fell to 4.7 billion euros (£4.1bn) from 6.7 billion euros (£5.9bn) in the [...]
