FTSE 100 close: London markets dip as Ithaca share price up on Rosebank approval September 27, 2023 London’s FTSE 100 index dipped on Wednesday as the pound continued its losses, and the government approved the UK’s largest untapped oil field, Rosebank. The capital’s premier bluechip index dipped 0.46 per cent to 7,590.96, while the FTSE 250, which is more aligned with the UK domestic market, fell 0.6 per cent to 18,227.33. Markets [...]
Brexit ‘unpicked’? Starmer defends approach to EU as Tories go on the attack September 22, 2023 The Labour leader insisted there was no case for rejoining the EU, its single market or customs union after the Tories seized on comments suggesting he would not “diverge” from Brussels’ rules.
Dott ends London e-bike service due to ‘high fees and varied regulations’ September 22, 2023 E-bike firm Dott has ended its London service because it was not possible to “run a financially sustainable” operation in the capital – just as its renewed e-scooter scheme takes off on Monday. The company, which recently won a new contract as part of Transport for London’s e-scooter trial which starts on Monday, insisted it [...]
Jeremy Hunt: Tax cuts ‘virtually impossible’ until economy improves September 22, 2023 Chancellor Jeremy Hunt has shot down suggestions of tax cuts after a string of economic updates this week, saying they’re “virtually impossible” until there’s more improvement. Speaking on LBC this morning, the chancellor responded to suggestions that falling inflation and rates being held yesterday, may give headroom to ease the burden on cash-strapped Brits this [...]
London-listed Georgian banks pressured to dodge US sanctions by central bank September 21, 2023 Two London-listed Georgian banks have been caught in the middle of a sanctions spat after the Georgian central bank told the lenders they don't need to comply with recently announced US sanctions.
Heavy rain causes delays and cancellations on lines into London Kings Cross and Moorgate September 21, 2023 Rail passengers faced some cancelled and altered services on Thursday morning in the wake of heavy rain overnight. A National Rail statement said all lines between London Kings Cross / Moorgate and Stevenage, Hertfordshire are closed following “a number of incidents”. “Trains may be cancelled, delayed by up to 90 minutes or revised,” the statement [...]
Angry car makers: Delaying petrol and diesel ban will damage EV investment in UK September 20, 2023 Leading car manufacturers have urged the government to give clarity on its proposed row back on banning petrol and diesel cars, saying they’ve invested hundreds of millions to meet targets. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said the policy change will cause “concern” among car makers. It has [...]
City of London Corporation donates £50,000 to Morocco and Libya disaster appeals September 19, 2023 The City of London Corporation is urging firms to join in donating to emergency appeals for Libya and Morocco, after stumping up £50,000, City A.M. can exclusively reveal. The Square Mile’s local authority has donated two separate £25,000 donations to the appeals, after thousands of people have died in twin natural disasters. After announcing the [...]
70 per cent drop in cartel whistleblowing to CMA since 2018 should cause ‘concern’ September 17, 2023 The UK’s competition watchdog should be concerned by a 70 per cent drop in whistleblowing on illegal cartels in the last five years, top lawyers have said. A freedom of information (FOI) request from law firm RPC showed the staggering drop in reporting, down from 1,442 calls in 2017 to just 427 in 2022, City [...]
The winners and losers of London’s work-from-home economy: The City, the Wharf and the Burbs September 17, 2023 The pandemic may have ended, but the lasting work-from-home culture has changed how people splash their cash – and invariably it’s on a Thursday now. Empty restaurants, but heaving happy hours in pubs, is the perhaps biggest shift for the hospitality sector as consumers change their habits to meet a new work-life balance. A new [...]
