FTSE 100 close: London index pulls further away from record 8,000 point threshold as British Gas owner surges February 16, 2023 London’s FTSE 100 scaled further above the 8,000 point mark today driven by investors piling into British Gas owner Centrica after it posted record profits of more than £3bn last year. The capital’s premier index jumped 0.18 per cent to 8,012.53 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the [...]
Shell: European demand to boost LNG competition over next two years February 16, 2023 Europe's growing need for liquefied natural gas will boost competition with Asia for LNG over the next two years, Shell revealed on Thursday.
Small businesses risk running out of cash after post Brexit banking rules rollout February 16, 2023 New banking regulations could increase the cost of small business lending by around a third and “fundamentally change” the market as debate around the implementation of international banking rules in the UK intensifies. Regulators in the UK are scrutinising the latest round of Basel regulations, the global regulatory overhaul prompted by the financial crisis. Concerns [...]
The Square Mile and Me: PwC chair Kevin Ellis on favourite city haunts and the pub he started his career in February 16, 2023 This week PwC’s chair and senior partner Kevin Ellis tells us the stories of his beloved City haunts, including the pub where he started his career and the spots he uses to lift his spirits. What was your first job? My first job was delivering double-glazing leaflets around Chingford in East London where I grew [...]
Planet Crypto: Logan Paul defends his crypto zoo February 16, 2023 The crayons of comedy have been out again on Planet Crypto, and this time they're going in the ring with Logan Paul.
Wagamama owner has ‘little hope for future’ activist shareholder says, urging major strategy overhaul February 16, 2023 Wagamama owner The Restaurant Group has shown “little hope for the future” and is in need of a strategy overhaul, an activist shareholder has urged. Oasis Management, a hedge fund which holds a 6.5 per cent stake in the company, called on the hospitality firm to “re-align its priorities” and take immediate steps to restore [...]
Who could replace Nicola Sturgeon as SNP leader and Scotland’s first minister? February 16, 2023 Scottish first minister and SNP leader Nicola Sturgeon revealed she is quitting the top job in a shock move seen as a major boon to the unionist movement. Runners and riders are jostling for position as the Scottish National Party (SNP) prepares to replace Sturgeon in the post. While the news was welcomed by the [...]
UK economy has a needless £20 billion dependency on US stablecoins, research says February 16, 2023 A report by Poundtoken and Myna says 99% of the global stablecoin market-cap is unnecessarily tied to the US Dollar.
‘Substantial reduction’ in bonuses at Deutsche Bank and Barclays as fallout from WhatsApp scandal continues February 16, 2023 Deutsche Bank and Barclays have both cut bonuses for senior staff that inappropriately used WhatsApp as the fallout from an industry-wide crackdown on the use of private messaging services continues. According to Bloomberg, employees at Deutsche Bank who were found to be in severe breach of policies will see a “substantial reduction” in their bonus. [...]
Part four: Financial Services and Markets Bill – time to get real about financial inclusion February 16, 2023 In his final part of a series of articles on the Financial Services and Markets Bill, Lord Holmes asses how far we are from financial inclusion.
