FTSE 100 close: Shell and BP drag London index below European rivals January 24, 2023 London’s FTSE 100 was left behind by its European rivals today after it was driven lower by big oil megacaps taking a tumble and recession concerns returning to bite. The capital’s premier index fell 0.35 per cent to 7,757.37 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of [...]
House sales set to tumble this year on recession jitters, experts warn January 24, 2023 House sales are set to tumble due to owners waiting until the recession passes to cash in on their homes, estate agents have predicted today. Homeowners are expected to adopt a wait and see approach during the first six months of 2023 for fear they will have to sell their property at a lower-than-demanded price. [...]
We need closer ties to EU to protect our national security, Labour says January 24, 2023 Britain should have closer ties to the European Union in order to project our national security, the Labour Shadow Foreign Secretary has said. At a speech at Chatham House, David Lammy said yesterday Labour’s first priority on foreign policy will be strengthening its ties with Europe on national security if it wins the next election. [...]
Newmed reveals chance of Capricorn merger has ‘significantly decreased’ after boardroom exodus January 24, 2023 New Med's proposed £277m merger with Capricorn Energy is at risk of collapse, with chances of a deal significantly decreasing.
Rise of the TW*Ts: TfL reveals tumble in Friday morning commuters, but night owls coming back to the capital January 24, 2023 Mondays and Fridays are the quietest days on London’s tube network in a sign that post-Covid hybrid working patterns are here to stay. Data published by Transport for London (TfL) showed a 13 per cent dip in passenger numbers on any given Monday between October and December 2022 compared to the rest of the week. [...]
Aramco-backed halal fintech opens bank branch in London despite high street bank exodus January 24, 2023 Aramco is backing American fintech Wahed as it launches a physical bank in London. However, concerns of a high street bank exodus place question marks over the branch’s future success. Wahed’s first UK-based physical bank, which opens its doors today on Baker Street, has scored £61m ($75m) from the Saudi Arabian oil giant together with [...]
Will the global economy avoid a recession? Some people think so January 24, 2023 The global economy will narrowly avoid a recession this year due to China dismantling its zero Covid policy, forecasters have predicted today. A boost from the world’s second biggest economy re-entering the global community is set to power world GDP 1.9 per cent this year, according to S&P Global Market Intelligence. Beijing’s surprise scrapping of [...]
Analysis: Labour’s foreign policy tilting towards the European Union January 24, 2023 A party in opposition always finds itself caught between a rock and a hard place. On one hand, it must set out future policies to look credible and to give reasons to be trusted – and voted – to the electorate. On the other, it is always wary of overpromising and then having to break [...]
Beauty and the beat: Hipgnosis spends £163m to buy Justin Bieber’s hits January 24, 2023 Hipgnosis Song Management has bought the back catalogue of Canadian superstar artist and songwriter Justin Bieber in a deal reported to be worth $200m (£163m). Bieber’s songs have been streamed over 32 billion times on Spotify, where he has 82 million monthly listeners. Hipgnosis said today it had acquired Justin Bieber’s 100 per cent interest [...]
I ask for a second time: Who watches the watchdog? January 24, 2023 Lord Holmes of Richmond expands on his hopes for the Financial Services and Markets Bill which is going through the House of Lords.
