‘Worst volatility is behind us’ after March’s mini-crisis, says Goldman’s David Solomon April 18, 2023 Goldman’s chair and chief executive David Solomon said the worst of March’s banking difficulties had passed, but stressed there were still dangers ahead. On an investor call following first quarter results, Solomon said “it appears the worst volatility is behind us thanks to prompt action from regulators.” Solomon said the quarter was “certainly volatile”, highlighting [...]
FTSE 100 close: China economy growth spurt jolts London miners higher April 18, 2023 London’s FTSE 100 bumped upwards again today, boosted by stronger than expected Chinese economic growth boosting sentiment toward the capital’s biggest listed industrial giants. The capital’s premier index climbed 0.38 per cent to 7,909.43 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was broadly [...]
Dealmakers League: Top M&A Investment Bankers & Lawyers in the UK April 18, 2023 By Datasite Who’s leading the pack in the UK among M&A investment bankers and lawyers? Datasite’s Dealmakers League, in partnership with MergerLinks, identifies the top M&A professionals, based on announced transactions they were involved in, across various regions, in 2022. In the UK, the top ten M&A investment bankers came from eight different firms, with [...]
Covid loan fraud: More than 450 company directors disqualified in crackdown April 18, 2023 More than 450 company directors have been disqualified in a crackdown on covid fraud claims. The Insolvency Service announced that 459 of the 932 disqualifications overall for fraud were related to the coronavirus financial support scheme, introduced during the pandemic to help businesses in lockdown. This comes after the organisation published its monthly figures for [...]
Analysis: Could Ofgem’s prepayment meter crackdown end up fuelling ‘bad debt’? April 18, 2023 Ofgem and Energy UK have warned over bad debt after the latest clampdown on prepayment meters failed to ban forced installations.
Explainer: Is there an electric car price war? April 18, 2023 Execs at Renault are considering price cuts after the falling cost of a Tesla.
Minister Paul Scully ‘considering’ running for London mayor in 2024 April 18, 2023 Minister for London Paul Scully said today he is “considering” running against Sadiq Khan to be the next London mayor in 2024. Speaking at a Centre for London event today, Scully said: “Let me tackle this head on, am I considering running for London mayor in 2024? Yes, I am considering it. I haven’t made [...]
Greggs fights for its right to sell late night sausage rolls at flagship London Leicester Square store April 18, 2023 Greggs is gearing up for a court battle against its ban on selling late night sausage rolls and steak bakes at its flagship site in Leicester Square. As first reported in the Evening Standard, Greggs was prohibited from serving its baked goods 24hrs a day after the police feared the extended opening times could lead [...]
Transport for London warns of huge crowds on Coronation weekend – and here’s what they’re doing about it April 18, 2023 Service providers such as Transport for London which operates the tube and bus network in the Capital have warned of huge central London crowds between 6 and 8 May over the bank holiday weekend. Extra train services are being laid on for the King’s coronation weekend, but the transport operation will not match the scale [...]
Whatsapp and Signal warn UK bill could open door to ‘indiscriminate surveillance’ April 18, 2023 Encrypted messaging apps, including Whatsapp, Signal and Viber, have warned that the Online Safety Bill could lead to “indiscriminate surveillance” of people’s personal messages and called for end-to-end encryption to be protected at all costs. The bill is intended to protect underage users on the internet by clamping down on illegal material and placing a [...]
