Game Over? CMA block of Activision deal to set the tone for other regulators April 26, 2023 The UK competition regulator today blocked Microsoft’s $70bn bid for the video game publisher, Activision Blizzard, citing concerns over competition in a fledgling cloud market. The move by the Competition and Markets Authority (CMA) to scupper the deal — Microsoft’s largest acquisition — comes as a blow to the tech giant, which has already announced [...]
London Stock Exchange chief: Risk aversion is holding back our capital markets April 26, 2023 British investors need to better understand risk if the UK is to realise the potential of its capital markets, the chief of the London Stock Exchange said today, as top City figures were grilled by MPs on an exodus of firms away from London.
Boeing plans to ramp up 737 Max production after significant delays April 26, 2023 US plane-maker Boeing today announced plans to ramp up production of its 737 Max planes after manufacturing issues led to significant delivery delays. There had been major concerns that the manufacturer would not be able to meet its annual target of making at least 400 737 planes, but the firm said today that now hopes [...]
FTSE 100 close: Persimmon and Standard Chartered peg losses on London index April 26, 2023 London’s FTSE 100 skidded lower today despite a decent batch of results pumping up banks and house builders. The capital’s premier index lost 0.49 per cent to close at 7,852.63 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.04 per cent lower to [...]
Sick days in UK reach record high of 185m as Covid-19 hangs over economy April 26, 2023 Working days lost in the UK due to people being sick have climbed to a record high of just over 185m, official figures out today reveal. The new figures released by the Office for National Statistics (ONS) indicate that Covid-19 is still having a nagging impact on the UK economy and the health of the [...]
First Republic shares continue to fall as investors fear collapse April 26, 2023 First Republic’s shares fell nearly 40 per cent on Wednesday before recovering slightly as speculation grows that the ailing lender will have to be rescued. At the time of writing, its share price was down 21 per cent. Yesterday, the San Francisco-based bank’s share price closed over 30 per cent lower after it revealed on [...]
Take off: EU agrees binding green fuel targets for aviation April 26, 2023 The EU has agreed a deal to set binding targets for airlines in Europe to increase their use of sustainable aviation fuels.
Pernod restarts exports of Beefeater gin to Russia – but Absolut vodka still contraband April 26, 2023 The world’s second-largest wine and spirits seller Pernod Ricard has restarted exports to Russia but insists it’s “not business as usual”. Beefeater gin will once more be drank in Moscow bars following the decision which was condemned by the Moral Rating Agency as “disgusting as it is ironic”. The company insisted it stands “firmly with [...]
BP gears up for AGM where energy giant will face wrath of pension funds April 26, 2023 BP has defended its decision not to permit shareholders to vote on its watered down climate targets ahead of a crunch AGM tomorrow.
MP Andrew Bridgen expelled by Tories over tweet on Covid data and the Holocaust April 26, 2023 MP Andrew Bridgen has been expelled from the Conservative Party over a controversial tweet saying the the delay in releasing safety data on Covid-19 vaccines was the worst crime since the Holocaust. The The MP for North West Leicestershire condemned his expulsion “under false pretences” and claimed it represented the “toxic culture which plagues our [...]
