Twitter: Musk wants new CEO by end of year, as he warns of AI regulation and insists there are no aliens February 15, 2023 Billionaire Elon Musk has said he anticipates finding a chief executive for Twitter “probably toward the end of this year”. Speaking via a video call to the World Government Summit in Dubai, Musk said making sure the platform can function remained the most important thing for him. “I think I need to stabilise the organisation [...]
Dunelm’s profits dip as end of home improvement boom and high inflation eats into margins February 15, 2023 Homewares retailer Dunelm today said its profits have dipped since the pandemic due to soaring inflation and the end of the Covid house improvement boom. The Leicestershire firm said higher prices and slower sales had caused its pre-tax profits to drop by 16.6 per cent to £117.4m. Dunelm’s results come as the amount of [...]
Barclays cuts bonus pool as profits tumble eight per cent on £500m provisions for loan defaults February 15, 2023 Barclays performed worse than expected in the final quarter of 2022, as higher expenses and an increase in bad loan provisions weighed on performance, leading to a £200m bonus cut for top staff. Profit fell in the quarter after the bank set aside £498m in impairment costs in case of bad loans, compared to a [...]
Hargreaves Lansdown pledges to hike dividend after profit grew by 30 per cent despite market turbulence February 15, 2023 Investment platform Hargreaves Lansdown today pledged to hike its dividend after it successfully boosted its profits in the face of widespread market turbulence. The online trading platform, which is known for its index fund offerings, said it grew its revenues by a fifth (20 per cent) over the final six months of 2022 despite the [...]
Glencore gives £5.8bn to shareholders after coal powers record profits February 15, 2023 Glencore will hand out over £5.8bn to shareholders in dividends and buybacks after another period of bumper revenues and profits.
Eighth British national dies in Ukraine as Nato leaders meet to discuss giving Kyiv more fighter jets February 15, 2023 A man has become the eighth British national to die in Ukraine since the start of Russia’s invasion. The identity of the individual, who the BBC reported was a man, is not yet known but the Foreign Office said their family has been informed. A Foreign Office spokesperson said: “We are supporting the family of [...]
Governor of Chinese Xinjiang region abandons UK trip after ex Tory leader IDS among MPs calling for his arrest February 15, 2023 A Chinese governor accused of genocide has reportedly pulled out of an upcoming trip to the UK after MPs called for his arrest. The BBC cited a Foreign Office (FCDO) spokesperson as saying they understood Erkin Tuniyaz, the governor of north-western Xinjiang province, had cancelled his participation in planned in-person talks with FCDO officials in [...]
The best hot hatchbacks to buy in 2023 February 15, 2023 We’ve assembled the best hot hatchbacks to buy in 2023, including the Hyundai i20 N, Mercedes-AMG A45 S and Honda Civic Type R.
What now for Standard Chartered, and why is the bank still a takeover target? February 15, 2023 Standard Chartered found itself the target of takeover talks last week, after Bloomberg reported that First Abu Dhabi Bank was ready to make an offer once the cooling off period from its last offer, which had been just weeks earlier in January, had passed. The rumours were quickly quashed by First Abu Dhabi Bank (FAB), [...]
EV charging prices down but varying peak-rates threaten to drive up cost, AA warns February 15, 2023 The cost of charging electric vehicles (EV) fell in January but drivers should be aware that providers are now offering different rates depending on the time of day, a report by the AA warned. The insurance company found that slow charging costs dropped eight per cent last month to match home charging, but the average [...]
