Gold prices rebound as investors hope for softer US rate rises February 9, 2023 Despite continued rate rises from the US Federal Reserve, gold prices are recovering as other central banks around the world buy-up the precious metal and investors foresee softer rate hikes.
Airbus struggles to appoint finance chief ahead of CFO Assam’s departure in three weeks February 9, 2023 Airbus is drawing up a stop-gap succession for the role of chief financial officer after struggling to appoint a permanent successor to Dominik Asam, who joins German software group SAP in under three weeks, industry sources said. Barring a rapid breakthrough, the world’s largest plane maker may appoint an interim CFO after Asam steps down at the end of [...]
Bank of England governor Andrew Bailey ‘very uncertain’ about inflation decline February 9, 2023 The Bank of England’s governor, Andrew Bailey, has today admitted he is “very uncertain” about whether inflation will decline, forcing him to back another steep interest rate increase last week. Responding to a grilling by MPs on the commons treasury select committee, Bailey, 63, said he wants to see “more evidence” of the rate of [...]
Investigation finds rail union TSSA tolerated bullying, harassment and sexual assault February 9, 2023 An independent inquiry has found instances of bullying, discrimination and sexual harassment at the rail union TSSA. Launched in the summer and led by Baroness Helena Kennedy, the investigation uncovered a series of “appalling accidents.” These ranged from coercive behaviour and humiliation to inappropriate and sexual touching as well as sexual assault. Baroness Kennedy wrote [...]
Coincover announces $30m funding to fuel growth and foster trust in digital assets February 9, 2023 Asset protection technology company Coincover has been handed $30 million in funding led by Silicon Valley’s Foundation Capital.
Rail: Inquiry launched into anti-strike bill amid concerns about minimum service level proposal February 9, 2023 The Commons’ transport select committee has launched an inquiry into how the controversial anti-strike bill will apply to the railway sector – with a focus on the demand for minimum service levels. The legislation – which is having its second reading in the Lords on 21 February – will guarantee minimum service levels during strike [...]
The digital pound is right on time to underpin the UK’s transition to a digital economy February 9, 2023 Jannah Patchay reflects on the government announcement that it would 'actively explore' the introduction of a UK CBDC.
Simpson’s Tavern: City of London favourite challenges winding up order as it battles closure threat February 9, 2023 City chophouse Simpson’s Tavern has been successful in challenging a winding up order and will now fight the forfeiture of its historic premises. Its boss said the victory means the business has now been reinstated and is no longer wound up – allowing it to challenge the forfeiture. This comes after Simpson’s Tavern in Cornhill, [...]
Share price plunges for Ladbrokes owner Entain as MGM boss quashes takeover speculation February 9, 2023 Shares in gambling group Entain plunged this morning after the boss of potential suitor MGM quashed talks of a possible takeover. The FTSE 100 Ladbrokes owner and US resort giant MGM currently operate a US joint venture BetMGM, which has seen bumper growth and is expected to start delivering profits later this year. The bumper [...]
Bitcoin retraces slightly as market consolidates February 9, 2023 At $22,700, Bitcoin is trading lower by 2% over the last 24 hours, while Ethereum is in the red by 2.3% at $1,633 this morning.
