Will Heathrow airport’s resurgence boost the profits of British Airways’ owner IAG? February 17, 2023 British Airways’ parent company is set to return to profit for the past year as it continues its turbulent recovery. International Consolidated Airlines (IAG), which also runs Spanish operator Iberia, will reveal its latest annual financial figures on Friday February 24. It comes amid early positivity in the sector, which has helped support a 30 [...]
Explainer: A solution – finally – in sight for the Northern Ireland protocol February 17, 2023 After countless back and forth and failed negotiations attempts on the Northern Ireland protocol, Rishi Sunak is in Belfast today to present the Democratic Unionist Party (DUP) with a deal. If they accept it, we might have a solution by early next week. In the meantime, foreign secretary James Cleverly is in Brussels for meetings [...]
NatWest shares dive six per cent as £1.3bn profits fail expectations and fear grows of banking ‘slump’ February 17, 2023 NatWest became the second FTSE 100 bank to take a beating as its forward guidance disappointed investors and analysts alike. NatWest’s share price was trading more than six per cent lower this afternoon, despite delivering its biggest profits since the financial crisis in 2022, as it forecast a difficult 2023. “The outlook for this year [...]
Welsh whisky pioneer Penderyn backing up rare single malts with NFTs February 17, 2023 Penderyn Distillery CEO Stephen Davies took a wild leap of faith creating NFTs to back-up their 20-year-old bottles of whisky.
Liberty Steel in rescue deal for collapsed Aartee after tycoon Sanjeev Gupta steps in February 17, 2023 Collapsed steel firm Aartee Bright Bar is set to be merged with Liberty Steel Group after steel tycoon Sanjeev Gupta stepped in to take over the business. GFG Alliance, owned by Mr Gupta and his family, has bought Aartee and filed an application to challenge the administration, it revealed on Friday. The rescue deal comes [...]
Shadow banks: S&P warns higher borrowing costs risk contagion of ‘financial instability’ February 17, 2023 Risks to financial stability “could emerge from the shadows”, according to a report from S&P Global Ratings. The report found that higher interest rates may put pressure on the highly leveraged shadow banking sector. While traditional banks have limited exposure to shadow banks, the wider financial system could face “indirect” risks of contagion if large [...]
EP: 182 Ascot, Haydock & Hong Kong February 17, 2023 Ascot hosts the feature race of the weekend when they line-up for the Grade 1 Ascot Chase at 3.35pm. Haydock stages the Grand National Trial and Wincanton the Kingwell Hurdle on the same afternoon. Champion trainer Paul Nicholls discusses his chance of landing the Grade 1 prize at Ascot in a GBRacing interview. City AM [...]
February 18th – Punter Podcast Summary February 17, 2023 You can now hear all of City AM racing editor Bill Esdaile’s weekend tips in a short, summary episode of the Punter Podcast alongside Chris Barnett. The full weekend preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a decade with [...]
Fresh back from El Salvador with a sense that Bitcoin’s star is rising February 17, 2023 A renewed sense of crypto optimism was waiting on Jason Deane's return from the Bitcoin Racing team's trip to Bitcoin-embracing El Salvador.
End of cash… and cards? Barclays says record 91 per cent of transactions were contactless last year February 17, 2023 Just over nine in 10 (91.2 per cent ) card transactions made last year where paying by contactless would have been an option did use this technology, according to data from Barclays. The bank said this is the highest proportion it has seen, with 85.6 per cent of eligible card transactions being contactless in 2021. [...]
