Joining the Pacific trade bloc will free us from our reliance on the European Union and China March 17, 2023 Rishi Sunak is pursuing a deal with Pacific countries to allow the UK to join the CPTPP, and reduce its reliance on trading with the EU and China, writes Jason Reed.
FTSE 100 close: Credit Suisse share price shoots up 30 per cent as HSBC and Lloyds climb in London March 16, 2023 London’s FTSE 100 today partly clawed back yesterday’s losses that saw it clock its worst day in over a year as the index was ensnared by global markets sweating over the health of the European banking system. The capital’s premier index jumped 0.89 per cent to 7,410.04 points, while the domestically-focused mid-cap FTSE 250 index, [...]
‘No trade off between price stability and financial stability,’ ECB president Christine Lagarde says after rate rise March 16, 2023 The recovery in European banking stocks slowed slightly on Thursday afternoon as the European Central Bank (ECB) stuck to its guns and raised interest rates by 50 basis points. With the meeting taking place amidst a nervous backdrop in the banking sector, ECB President Christine Lagarde said “there is no trade off between price stability [...]
New ‘metaverse’ themed co-working space opens on Oxford Street March 16, 2023 A new co-working space has today launched in Oxford Street which will be themed around the ‘metaverse’ and help to bring creatives and investors into one space. Office and workspace company Huckletree, which operates across some of the biggest cities in the UK, has opened London’s first dedicated hub for tech companies pioneering new digital [...]
EU announces plans to lead green industrial revolution March 16, 2023 The European Commission presented the centrepieces of a strategy on Thursday to ensure the EU can compete with US and China.
NHS strike action paused as government offers ‘extra £2.5bn’ March 16, 2023 NHS strikes are set to be paused after the government offered up “an extra £2.5bn” to fund a fresh pay deal for healthcare workers. It comes the day after Chancellor Jeremy Hunt faced criticism for failing to announce any measures on public sector pay in his budget, amid widespread industrial unrest. This includes all NHS [...]
Planet Crypto: New Cramer ETFS putting the ‘fun’ in ‘funds’ March 16, 2023 Those champions of chortles at Planet Crypto have had their crayons out again, and they're scrawling all over Jim Cramer's investment advice.
Explainer: Are Michael Gove’s threats to developers working? March 16, 2023 This morning, we broke the news that residential developer Telford Homes was ready to sign Michael Gove’s cladding pledge. Just hours later, the developer officially capitulated and signed. These developments indicate that Gove’s threats, after all, are working. Monday was the official deadline for signing the legally binding contract. Thirty-nine developers accepted their responsibility to [...]
Exclusive: Hanbury founders offload political intelligence division to DeHavilland March 16, 2023 The founders behind fast-growing communications and advisory firm Hanbury Strategy have sold their political intelligence division, Forefront Advisers, to its larger rival DeHavilland, City A.M. understands. Hanbury, founded by well-connected former political advisers Paul Stephenson and Ameet Gill in 2016, was split into three divisions two years ago as the firm grew, with Forefront offering [...]
ECB hikes interest rates to highest level since financial crisis, ignoring market turmoil centred on Credit Suisse and European banks March 16, 2023 The European Central Bank (ECB) today hiked interest rates 50 basis points despite concerns about Credit Suisse’s finances sparking turmoil in the bloc’s banking market. President Christine Lagarde and co’s move was in line with expectations and takes Euro borrowing costs to three per cent, the highest level since the financial crisis in 2008. Markets [...]
