‘Turning point’ in shift to clean power? Fossil fuel emissions from electricity due to have first EVER annual drop April 12, 2023 The world is on course for the first annual drop in the use of coal, oil and gas to generate electricity outside of a global recession or pandemic.
UK debt burden to top size of whole economy putting Rishi Sunak and Jeremy Hunt pledge at risk, IMF forecasts April 12, 2023 Rishi Sunak and Jeremy Hunt are on course to oversee the UK’s debt burden swelling to more than the size of the entire economy, putting one of the pair’s five pledges to taxpayers in peril, according to new forecasts out today. Britain’s debt to GDP ratio is tipped to climb to just over 101 per [...]
Labour poll lead narrows to record low in ‘blue wall’ Tory seats April 12, 2023 The Labour Party’s poll lead in a key set of ‘blue wall’ seats in southern England has narrowed to a record low, new polling data has revealed. Sir Keir Starmer’s party is leading the Conservatives by just two per cent among affluent Tory shire constituencies – a joint record low and a six point drop [...]
Liverpool Street redevelopment: Project secures support of key London business body April 12, 2023 A key business body has shown its support for the £1.5bn redevelopment of Liverpool Station as it calls for greater measures to streamline access to London’s financial hub. The City of London Chamber of Commerce said this morning that it has decided to back the redevelopment of Liverpool Street Station, which could potentially see new [...]
Deutsche Bank ‘de-risking’ Russian IT operations April 12, 2023 Deutsche Bank is looking for ways to minimise business disruption as it reduces risks from its Russian technology operations in line with the law, Germany’s biggest lender said on Wednesday. The comments by a bank spokesperson followed a report in the Financial Times that the bank was winding down its remaining software technology operations in Moscow [...]
Freight takes flight: £1.2m fund backs drones to connect isolated parts of the UK April 12, 2023 Drones will take to the sky in the Orkney Islands, as part of a £1.2m funding package to encourage more innovative and cleaner freight delivery solutions across the country. Skysports Deliveries – which provides infrastructure for the air mobility industry – won £150,000 and will use the drones to “improve island to island connectivity,” and [...]
HSBC hires former SVB bankers to lead push into US ‘innovation economy’ April 12, 2023 HSBC has hired over 40 bankers who used to work at Silicon Valley Bank (SVB) as it establishes a new banking division focused on the “innovation economy” in the US. The new unit will sit in the bank’s commercial banking division and will focus on serving companies in technology and healthcare sectors. Many banks are [...]
Air fryers and coffee machines send white goods retailer’s shares soaring April 12, 2023 Shares in Marks Electrical soared over seven per cent this morning after the online white goods retailer posted a 21.5 per cent rise in revenues. Despite an ongoing cost of living crisis, consumers splashing out smaller electrical appliances such as air fryers helped hike revenues up to £97.8m compared to £80.5m the prior year. In [...]
The Notebook: Andrew Wolfson on Britain’s entrepreneurial mix April 12, 2023 The notebook is a place for interesting people to say interesting things. Today, it’s Andrew Wolfson, the chief executive of Pembroke Investment Managers There are over five million small businesses in Britain. They make up over 99% of total businesses in the country and are the very lifeblood of the UK economy. So why do [...]
EP: 194 Aintree – Thursday April 12, 2023 EP: 194 Aintree – Thursday It’s the first of three days’ racing at Aintree and jumps fans get to see no less than four Grade 1’s, including the much awaited return of both Constitution Hill and Shishkin for trainer Nicky Henderson. The Grand National fences are also in action during the Foxhunters’ Chase later in [...]
