Self-driving cars will bring vital innovation to our roads – but we need new laws for it to work April 26, 2023 Self-driving cars will make our roads safer, bringing innovation to the UK. But we need regulation and clarity to ensure the industry can trust us as a place where it can flourish, writes Ben Everitt
Bank of England interest rate hikes would squeeze Jeremy Hunt’s room for tax cuts by £8bn, City economist claims April 26, 2023 The Bank of England could squeeze Chancellor Jeremy Hunt’s room to cut taxes in the run up to the next general election if it keeps hiking interest rates to tame inflation, a City economist has calculated. Officials at Threadneedle Street would swell Britain’s debt interest bill by around £8bn if they send borrowing costs to [...]
Surprise price surge sees Bitcoin back above $28,000 as another US bank sends up a distress flare April 26, 2023 It’s unclear what pushed the price of Bitcoin past $28k but last night's rally follows First Republic Bank reporting a loss of $100 billion.
GSK brings in zosta lot more cash as drugs giant’s turnover boosted by shingles vaccine and HIV medicines April 26, 2023 Drugs giant GSK has posted better-than-forecast revenues for the first quarter thanks to strong sales of its shingles vaccine and HIV medicines. The FTSE 100 group saw earnings fall 15 per cent on a constant currency basis to £2.1bn in the first quarter as revenues dropped eight per cent to £7bn after sales of its Covid-19 treatment [...]
Persimmon Homes: Share price lifts on recent uptick despite 42 per cent knock in home sales April 26, 2023 Persimmon Homes share price lifted nearly four per cent this morning, after the group reporting a 42 per cent knock in the number of homes completed in the first leg of the year. The house building group reported strong traffic to its website and improvement in sales reassured investor confidence. The house building group, which [...]
Amazon asked to formally recognise GMB union at strike-hit Coventry site April 26, 2023 Online giant Amazon is being asked to formally recognise a trade union at one of its sites which has been hit by strikes. The GMB says it would be the first time workers at the company would have formal union recognition for collective bargaining over pay and conditions. The move follows strikes by hundreds of GMB members [...]
London over and out: CRH confirms New York listing swap after ‘strong support’ from shareholders April 26, 2023 Building supplier CRH said it will press ahead with plans to ditch its London in favour of New York today, confirming a major blow to the City as it scrambles to revive the appeal of its capital markets.
CBI crisis: City of London Corporation latest to quit over allegations of sexual misconduct April 26, 2023 The City of London Corporation has become the latest organisation to suspend its membership of the Confederation of British Industry (CBI) following allegations of sexual misconduct. The governing body, based in the Square Mile in London, strongly condemned the alleged culture of abuse at the business group. The CBI announced yesterday it had dismissed “a [...]
Cambridge dons launch tool to track Ethereum electricity consumption as concerns over environmental impact grow April 26, 2023 Cryptocurrencies will face more scrutiny on their environmental impact after the University of Cambridge released a new open access tool to track electricity usage from cryptocurrencies, starting with Ethereum. The new Cambridge Blockchain Network Sustainability Index (CBNSI) hopes to provide “cutting edge insights into the current and historical environmental impact of various blockchain networks.” So [...]
Google parent Alphabet announces stock buyback after modest beat on ad sales April 26, 2023 Alphabet Inc said on Tuesday it would buy back $70bn (£56.3bn) in stock and posted first-quarter profit and revenue above estimates as demand rose for cloud services and ad sales held up better than expected. Investors cheered the buyback plan, sending shares of the Google parent as much as 4 per cent higher in after-hours trade before [...]
