Intermediate Capital to join London’s FTSE 100 after share price surged a third this year November 22, 2023 Asset manager Intermediate Capital Group is set to join London's blue-chip FTSE 100 index in December, following a more than 33% rally in its share price so far in 2023, indicative changes announced by FTSE Russell showed.
Pandora confident it can dodge slowdown in luxury market November 12, 2023 The boss of Scandinavian jeweller Pandora has said he is increasingly positive about the company’s outlook as it heads into the crucial Christmas period despite the shine coming off the wider luxury goods sector. Speaking to the Financial Times, Pandora CEO Alexander Lacik said that his company has benefited from its relative affordability: “When people [...]
Major policing operation as capital braces for Armistice Day pro-Palestine march November 11, 2023 Police are braced for hundreds of thousands of people descending on the capital for what is expected to be one of the largest political marches in British history on Saturday. Prime Minister Rishi Sunak issued a plea for “unity” amid tensions over a pro-Palestinian march set to go ahead on the day the UK marks [...]
UK rips up state guarantees on nearly £1bn of Covid loans November 1, 2023 The UK government has scrapped guarantees on nearly £1bn of bank loans handed out to ailing businesses during the Covid-19 pandemic, leaving lenders on the hook for some of the borrowings that will not be repaid.
Morgan Stanley: Ted Pick wins race to replace long-time chief James Gorman at Wall Street bank October 26, 2023 Morgan Stanley’s Ted Pick won the race to succeed long-time CEO James Gorman and promised to stick to the blue chip Wall Street firm’s strategy as it navigates a deal-making slump and uncertain economic outlook. The investment bank said Gorman, who has held the top job since 2010 and steered the bank in the aftermath of the [...]
Facebook-parent Meta beats revenue estimates on digital ad strength October 26, 2023 Meta beat expectations for third-quarter profit and revenue on Wednesday, helped a recovery in digital advertising spending.
Gaza humanitarian access ‘must not be one-off’, says Cleverly October 21, 2023 Foreign Secretary James Cleverly has said nee aid flowing into Gaza is a “lifeline” for those suffering in the territory.
Thousands attend pro-Palestinian marches as Gaza braces for invasion October 14, 2023 Thousands of people have gathered for pro-Palestinian demonstrations across the UK, amid international concern over the situation in Israel and Gaza. A gathering in London attracted a crowd of thousands, with police warning in advance that anyone showing support for militant group Hamas could face arrest. More than 1,000 officers were deployed by the Metropolitan [...]
Freezing working-age benefits could save £4 billion but at ‘terrible cost’ October 14, 2023 Freezing working-age benefits next year could save the Treasury more than £4 billion but at a “terrible cost” of plunging an additional 400,000 children into poverty, a think tank has warned. The Resolution Foundation said its research suggested that scrapping the uprating of working-age benefits in line with prices inflation next year would reduce the [...]
More than 16,000 customer queries after Luton Airport car park fire October 14, 2023 Luton Airport has received more than 16,000 customer queries following a fire at one of its car parks earlier this week. Up to 1,500 vehicles were affected when the airport’s multistorey Terminal Car Park 2 became engulfed in flames on Tuesday. Drivers with vehicles still inside the structure said on Friday they had been offered [...]
