Jaguar Land Rover returns to profit for first time in nearly two years as easing of chip shortage fuels production boom January 25, 2023 Jaguar Land Rover returned to profitability for the first time in almost two years, as the easing of a long-running chip shortage has fuelled a surge in production volumes. Semiconductor are a car’s integral component, as they are used in key features such as sensors. The British car-maker came back into black, which it hasn’t [...]
Tower’s historic RNLI lifeboat station is towed away for the last time after saving hundreds of lives, and launching 9,500 times January 25, 2023 The City’s historic Tower lifeboat rescue station been moved for the last time, after 16-years of operation saving hundreds of lives. Crew working on the station next to Waterloo Bridge will continue their vital work from HMS President, the Royal Naval Reserve’s training facility in the capital, before a new station is launched in April. [...]
December’s deep freeze: Cost of living crisis leaves Aviva with a £50m bill for burst pipes and water tanks January 25, 2023 Aviva said last December’s freezing weather meant it had to pay out £50m to policyholders claiming for damage caused by burst pipes and water tanks. An Aviva spokesperson told City A.M. said soaring energy costs had led to more frozen pipes because households were more reluctance to turn on the heating, leading to more extremes [...]
Polymetal shares plummet 30 per cent as miner weighs up London exit to ‘Russian-friendly’ Kazakhstan January 25, 2023 Shares in Polymetal International have nosedived 29.2 per cent on the London Stock Exchange this afternoon.
Explainer: How human rights laws could soon change in the UK January 25, 2023 In all these years of Brexit politics, one of the main themes was the Conservatives’ desire to be more independent from European courts. By leaving the EU, they partially achieved this goal – yet the UK is still part of the European Convention on Human Rights, still subject to the decisions of the European Court [...]
Britishvolt bidding war hots up as Australian start-up throws hat in the ring January 25, 2023 Britishvolt could be the subject of a bidding war, after an Australian battery start-up threw its hat in the ring with a takeover offer.
Luno crypto exchange to axe hundreds of jobs January 25, 2023 London-based cryptocurrency exchange Luno today informed its workforce that 35 per cent of the roles within the company are to be axed.
Quilter’s assets under management falls by more than £10bn but signs of hope remain January 25, 2023 Quilter’s assets under management and administration (AuMA) fell by more than £10bn in 2022 as the asset management industry continues to grapple with instability in the global economy. In 2022 the wealth manager saw AuMA fall to £99.6bn from £111.8bn the year before. Average AuMA for the fourth quarter of 2022 was £98.8bn, below the [...]
UK’s wealth gap: Cost of living crisis boosts income of richest Brits by £1k but leaves poorest £600 a year worse off January 25, 2023 The disparity between Britain’s richest and Britain’s poorest earners has grown as a result of the cost of living crisis and a freezing in the income tax threshold, figures have revealed. The richest Brits have managed to increase their household disposable income by just over £1,000 in the last year, while the poorest are on [...]
Former Janus Henderson analyst charged in £1.5m insider trading case January 25, 2023 The UK’s financial watchdog has launched criminal proceedings against five individuals over claims they used insider information from an analyst at a top asset manager to illegally generate profits of £1.5m. The Financial Conduct Authority (FCA) claims Redinel Korfuzi, a former analyst at asset manager Janus Henderson, and his associates allegedly used confidential information from [...]
