Liberty Global buys five per cent stake in Vodafone claiming shares are undervalued February 13, 2023 Telecoms giant Liberty Global has bought an almost five per cent stake in Vodafone after claiming shares in the troubled firm are undervalued. Liberty’s purchase of a 4.92 per cent stake in Vodafone comes as a vote of confidence in the British company, as it struggles to satisfy investors. The phone operator’s share price [...]
Ireland to keep European economy out of a recession as Britain gets left behind February 13, 2023 Europe is poised to swerve a recession this year in a massive U-turn from warnings of blackouts sweeping across the bloc, with GDP powered by Ireland, new forecasts out today claim. Growth in the European Union (EU) will hit 0.8 per cent this year, an upgrade from the just 0.3 per cent forecast last autumn, [...]
Britcoin needs to prove it can secure adoption and not spy on our consumers, experts warn February 13, 2023 The digital pound faces a range of challenges before it could be adopted in the UK, experts told City AM, as industry figures continue to grapple with the announcement that a central bank digital currency (CBDC) is “likely to be needed” in the future. The risks a so-called Britcoin poses to financial stability and the [...]
FTSE 100 close: London index bumps higher ahead of key inflation and wage numbers February 13, 2023 London’s FTSE 100 kicked off the week in busy fashion today ahead of a busy week of data that will provide more clues on the health of the UK economy. The capital’s premier index closed 0.83 per cent higher today at 7,947.60 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]
Post-Grenfell, second staircase for London buildings taller than 30 metres now mandatory, says Sadiq Khan February 13, 2023 All new London buildings taller than 30 metres will be required to have a second staircase, Mayor Sadiq Khan has announced. All planning applications will need to adhere to the building safety measure, which comes into force with immediate effect, before going to the GLA for sign off. The requirement for a second staircase in [...]
Chancery Lane to be closed off to cars for 18 months as Square Mile experiments with pedestrian only route February 13, 2023 Chancery Lane will be closed off to cars for the next 18 months as the City of London experiments with a scheme to support pedestrians more. Sandwiched between Holborn and Fleet Street, the Square Mile’s historic road will have no access for cars after 20 February. For 18 months, traffic restrictions will apply from 7am [...]
Hunt must tackle worker shortage hobbling London’s economy, business groups warn February 13, 2023 London’s economy is being hamstrung by a chronic worker shortage that Chancellor Jeremy Hunt needs to tackle at the 15 March budget, a new report from Britain’s biggest business lobby groups highlighted today. Nearly two in three of the capital’s firms are struggling to fill vacancies, according to research carried out by BusinessLDN, Federation of [...]
Natwest: Pensions fintech bought by bank in £144m deal which will ‘shake up savings’ February 13, 2023 Natwest is to buy pensions fintech Cushon for £144m in a move the bank says will bolster its offerings of “financial wellbeing” products. The FTSE 100 lender said it would take an 85 per cent stake in the London-based fintech while the company’s existing management would retain the remaining 15 per cent. The chief of [...]
Maserati GranTurismo review: Bella Italia February 13, 2023 The new 2023 Maserati GranTurismo is offered with V6 petrol engines or as a fully electric sports car. Which version is best?
Green energy firms demand National Grid boost storage after lack of facility saw it pay them £99m to turn generators OFF February 13, 2023 Green energy firms are calling on National Grid to boost storage capabilities after it handed out £100m to energy producers last month.
