Britain’s renters are the real victims of this inflation and interest rate crunch April 25, 2023 People doubtless would’ve gasped at headlines last week about UK interest rates being on course for five per cent. Such a path looked implausible in March when Silicon Valley Bank’s collapse and Credit Suisse’s shotgun marriage to UBS sparked fears of a financial market meltdown. After those events, traders trimmed their expectations of how much more [...]
Victoria Scholar: Credit Suisse’s next move, luxury wins and a guilt-free sirloin steak April 25, 2023 The Notebook is where interesting people say interesting things! Today it’s Victoria Scholar, the head of investment at Interactive Investor. Here’s what she has to say: Credit Suisse released its final set of earnings for the period ahead of the CHF 3 billion takeover from UBS in March. The Swiss bank suffered a CHF 67 [...]
Our languishing reputation on foreign aid opens the door to China’s influence April 25, 2023 The UK spends more of its shrinking aid budget on housing refugees at home than on third countries who need it. Taking this money from the aid budget is a political choice, but a short-sighted one, writes Elena Siniscalco
Time moves fast in AI years, and Britain is nowhere near ready April 25, 2023 The latest version of ChatGPT makes the AI chatbot which went viral last year look like the dumb younger sibling but the UK still can’t figure out what to do - or how to use - artificial intelligence.
Our fintech sector is stalling and taking the competitive pressure off of the big banks April 25, 2023 Innovation and creativity put the fintech industry ahead of the big players, but rather than pressing on the accelerator, they’ve allowed themselves to stall and handing the power back to the institutional banks, writes Andrew Beckley
UK and EU hope to use North Sea to fight Putin’s energy supremacy April 25, 2023 The UK has joined forces with its European allies to ramp up renewable energy generation and bolster the continent's security of supplies.
Regulation set to challenge the ‘dominance’ of tech giants Google, Amazon and Facebook April 25, 2023 Plans to toughen up UK regulation of some of the world’s largest tech companies will go before MPs for the first time, with the competition watchdog’s dedicated digital unit set to be given sharper teeth. New laws to regulate big tech firms, such as Google, Amazon and Meta, have been long awaited, with MPs last [...]
HS2 boss: We didn’t know how much Euston would cost to deliver until last year April 24, 2023 HS2’s chief executive Mike Thurston told the Public Accounts committee today that the Euston development of the project was a long way from its initial target – and that the costs of the last stretch of the line into London were poorly understood until 2022. Thurston told the committee “candidly, it was only until we [...]
FTSE 100 close: Credit Suisse suffers £55bn outflow as BP and Shell claw back losses April 24, 2023 London’s FTSE 100 kicked off a new week in subdued style today, dragged lower by big industrial firms extending last week’s poor performance. The capital’s premier index slipped 0.02 per cent to 7,912.20 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 0.22 per [...]
LVMH becomes first European company to reach $500bn in market value April 24, 2023 LVMH became the first European company to reach $500bn (£401bn) in market capitalisation on Monday morning as the luxury retailer was strengthened by a renewed demand from Chinese consumers. According to reports published in The Financial Times, shares in the Paris-listed company rose 0.3 per cent against last week’s close to €903.7 (£799) shortly after [...]
