Capricorn Newmed merger hits the rocks as activists win boardroom battle February 2, 2023 Capricorn Energy's proposed merger with Newmed has all but collapsed, after Palliser secured all six of its nominees on to the new board.
Crypto AM Spotlight: Blu Canary Capital February 2, 2023 Crypto AM turns its spotlight on Blu Canary Capital as it brings together the worlds of security tokens, gaming, sports and entertainment in the metaverse.
Chris Woolard on BNPL, regulatory run-ins and getting financial rulemaking right February 2, 2023 The regulatory veteran wants a rulebook for the 21st century, but getting it right might trump speed, Charlie Conchie writes. Urgent. That was the word used by the former-interim chief of the City watchdog Chris Woolard when he gave his verdict on regulation of buy-now pay-later services in a landmark review two years ago today. [...]
End of an era: Heathrow’s ‘extraordinary’ boss John Holland-Kaye to step down February 2, 2023 John Holland-Kaye is stepping down as Heathrow chief executive later this year, it has been announced. Holland-Kaye, who has been at the London airport’s helm since 2014, will stay in place until a replacement is found. The reasons behind his decision have not been revealed and the airport has declined to elaborate further on his [...]
FTSE 100 live: London index boosted by Shell ahead of today’s Bank of England rate decision February 2, 2023 The FTSE 100 opened higher on Thursday morning, boosted by a strong performance from Shell, as investors awaited the latest interest rate decision from the Bank of England later today. Governor Andrew Bailey is expected to increase interest rates by 50bps to a post-financial crisis high of four per cent later today, although there is [...]
Flying start to 2023: Shares up after 16m passengers take to skies on Ryanair and Wizz Air February 2, 2023 Shares for low-cost carriers Ryanair and Wizz Air have gone up this morning after both reported a strong start to 2023, with passenger numbers well above 2022 levels. Ryanair’s passenger numbers soared to 11.8 million in the last month, 69 per cent up on January last year, while Wizz Air’s levels soared 73 per cent [...]
Warning of ‘marked slowdown’ in mortgage lending from Santander UK chief as bank’s profit creeps up two per cent February 2, 2023 Santander UK’s net mortgage lending climbed higher in 2022, helping to boost profits, but its CEO warned that the bank would have to navigate “a marked slowdown” in mortgage lending in 2023. The Spanish bank’s net mortgage lending increased to £9.8bn from £7.5bn last year helping pretax profit creep up two per cent. CEO Mark [...]
Strikes: Continued disruption warning today with trains starting late and finishing early before Friday’s walk-outs February 2, 2023 Rail passengers have been warned to expect continued disruption to their journeys in the aftermath of Wednesday’s strike action and ahead of Friday’s walkouts. Commuters have been warned by operators to expect “significantly reduced train services” across all three days and advised to check ahead of taking a journey. Train driver members of Aslef and [...]
Shell caps off bumper trading year with record £32.2bn profits February 2, 2023 Shell capped off a highly lucrative year of trading with bumper fourth quarter earnings of £7.9bn - with full year profits of £32.2bn.
‘No plans to do this at the moment’: Superdry boss plays down bid to go private February 2, 2023 Superdry’s chief executive Julian Dunkerton has reassured investors he has “no plans to do this at the moment”. The CEO said he was reserving the right to participate in an offer, were it to materialise within the next six months. The comments come after reports emerged in early December that Dunkerton was mulling a potential buyout, [...]
