Co-op Bank buoyed by interest rate rises as takeover speculation continues April 28, 2023 The Co-operative Bank has reported a jump in income as the latest lender to be boosted by higher interest rates which have pushed up the cost of borrowing. The company said its net interest income – the difference between what a bank charges for loans and pays for savings – surged by a fifth to [...]
Are we genuinely staying ahead of the curve in FinTech by blatantly ignoring Bitcoin? April 28, 2023 Susie Violet Ward is dismayed at the amount of time, effort and money being put into CBDCs, and believes Bitcoin already holds the answers.
Eni’s net profit beats expectations powered by strong gas business April 28, 2023 Italian energy group Eni has revealed its first-quarter net profit fell 11 per cent year on year due to lower oil and gas prices.
Chanel dismisses IPO rumours as it eyes ‘pent up demand’ from consumers in China April 28, 2023 Chanel, one of the world’s biggest luxury brands, will remain private, after the French company’s boss dismissed IPO rumours. “We’re going to stay a private, independent company,” Leena Nair, chief executive of Chanel, told the Financial Times. “Rumours always float around, but you can put those to rest.” Nair, who joined the company in January [...]
UK on course to miss decarbonisation goals, MPs warn April 28, 2023 The UK will fail to reach its decarbonisation goals via the grid by 2035 - unless it significantly speeds up deployment of technology.
Flutter inches closer to primary US listing as more firms fall out of love with London April 28, 2023 London-listed gambling company Flutter yesterday won shareholder approval to launch a secondary listing in the US, paving the way for it to switch its primary listing in the future. 99 per cent of shareholders approved the secondary listing at Flutter’s annual general meeting on Thursday. The listing is expected to take place later this year, [...]
Huw Pill’s “let them eat cake” moment could get its just desserts with a slice of Bitcoin April 28, 2023 Jason Deane rounds up the week with a doff of the cap to Marie-Antoinette for a comparison with the Bank of England's Huw Pill.
EP: 198 Sandown & Hong Kong April 28, 2023 The official end of season jumps meeting takes place at Sandown on Saturday where the Celebration Chase and Gold Cup Handicap are two of their feature races. This episode also includes interviews with Paul Nicholls, Brian Hughes, Luca Morgan and Christian Williams. City AM Racing editor Bill Esdaile previews the best of Sandown’s racing action [...]
Property: Has spring sprung? Mini budget ripple blamed for keeping a lid on monthly sales April 28, 2023 UK residential transactions in March 2023 totalled 89,560 which was 19 per cent lower than the same month a year ago but 1 per cent higher than February 2023, according to HMRC. The seasonally adjusted figures also show the total of non-residential property purchases, including commercial and factory property was 10,640, three per cent higher than [...]
Richard Sharp resigns as BBC chairman over breach of appointment rules April 28, 2023 Richard Sharp has resigned as BBC chairman after conceding a report found he breached the governance code for public appointments. He announced on Friday morning that he will stand down at the end of June after reading the findings of barrister Adam Heppinstall KC’s review into his appointment, which has just been published. The report [...]
