‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Bank of London maintains $1.1bn valuation with fresh funding injection February 8, 2023 Fintech clearing bank the Bank of London revealed it had bagged a fresh $40m funding injection today as it gears up for full operations after winning its full banking licence last month.
SocGen takes bad loan hit but claims 2023 is a ‘transitional year’ with ‘key deals’ ahead February 8, 2023 Societe Generale, France’s third biggest bank, favoured financial prudence over quick returns to shareholders as it prepared for the arrival of a new chief executive in May tasked with reviving its valuation in an uncertain economic climate. SocGen said it had hiked provisions for bad loans fivefold in the fourth quarter, cutting its net income [...]
‘World needs Britain’s leadership’: Ukrainian president Zelensky says during historic Westminster Hall speech February 8, 2023 Ukrainian President Volodymyr Zelensky said the “world needs Britain’s leadership” during a historic address to the Houses of Parliament in Westminster Hall. The wartime leader used his address to urge the UK and the west to provide fighter jets, telling MPs: “Combat aircraft for Ukraine, wings for freedom.” Zelensky also directly thanked former prime minister [...]
PMQs sketch: Volodymyr Zelenskyy is the benefactor Sunak’s broken Britain headache February 8, 2023 Ukraine’s prime minister Volodymyr Zelensky made a surprise visit to Britain as Rishi Sunak dodges questions of his cabinet reshuffle in Prime Minister’s Questions, writes Sascha O’Sullivan Britain’s infrastructure is falling apart, the country is plagued by strikes and Rishi Sunak’s government can’t shake off a hangover from Boris Johnson. If Volodymyr Zelenskyyy was struggling [...]
Elliptic beefs up leadership team with two senior appointments February 8, 2023 Elliptic has expanded its global leadership team with the appointment of Barry Chubrik and Sophie Froment.
Bid for self-preservation: eBay to slash 500 jobs as e-commerce giant eyes shift to new technologies February 8, 2023 eBay is joining the ranks of other tech companies laying off staff in a self-preservation effort during a challenging economic environment. The e-commerce giant announced it is cutting 500 jobs – about four per cent of its workforce – so that they can “continue to be successful”, in a memo written to employees on Tuesday [...]
High Street retail race: Marks and Spencer predicted to overtake John Lewis by 2026 February 8, 2023 Marks & Spencer will overtake John Lewis in the rankings of the UK’s biggest retailers by 2026, according to a new sales forecast. Tesco will retain its position as the largest retailer, followed by Sainsbury’s, but Amazon is on track to move into the top three within the next few years, industry title Retail Week [...]
Drax rules out power cuts as Unite announce nine days of strikes at energy plant February 8, 2023 There is no threat to electricity supplies to homes and businesses, argued energy giant Drax, despite Unite's calls for strikes.
Zelensky’s visit: UK sanctions six Russian weapons makers and eight members of country’s ‘elite’ February 8, 2023 The UK government has sanctioned six Russian weapons makers and a further eight members of the country’s “elite” following Volodymyr Zelensky’s first visit to Britain since Russia’s invasion of Ukraine. Foreign secretary James Cleverly said the new sanctions work to undermine Putin’s “war machine” as he vowed to block Russia from accessing the frozen assets [...]
Disney: Episode of The Simpsons referencing China’s ‘forced labour camps’ removed in Hong Kong February 8, 2023 Disney has removed an episode of The Simpsons referencing “forced labour camps” in China from its streaming service in Hong Kong. The company did not immediately respond to a request for comment about why the episode, One Angry Lisa from The Simpsons’ 34th series, is not available to stream on Disney+ in the semi-autonomous Chinese [...]
