Global watchdog warns over ‘very high leverage’ in hedge funds September 6, 2023 Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board (FSB) warned on Wednesday, while noting that significant data gaps make it hard to get a full picture of vulnerabilities among "non-banks".
BP boss Bernard Looney pledges to stick to plans for oil and gas output cuts September 5, 2023 BP boss Bernard Looney says he will not further scale back his energy transition strategy after ceding some ground earlier this year.
Allwyn sees near-doubling of revenue after buying National Lottery operator September 5, 2023 Allwyn has seen half-year turnover nearly double after snapping up National Lottery operator Camelot and hailing resilient demand despite cost pressures on consumers.
Mozambique president has immunity in London ‘tuna bond’ case, court rules September 4, 2023 Mozambican President Filipe Nyusi cannot be sued in Britain over allegations he accepted unlawful payments in the country's lawsuit against Credit Suisse.
Gavin Williamson told to apologise for bullying Chief Whip over Queen’s funeral tickets September 4, 2023 Sir Gavin Williamson should apologise to MPs for bullying a Conservative colleague after he was not allocated tickets to the late Queen’s funeral, Parliament’s watchdog has said. He was forced to quit as a Cabinet Office minister just days into Rishi Sunak’s premiership last year over a series of expletive-laden messages to former chief whip [...]
Sunak appoints UK Music chief as his new director of strategy August 31, 2023 UK Music chief executive Jamie Njoku-Goodwin is to step down from his role to become Rishi Sunak’s new director of strategy.
Government set to shelve audit reform due to time constraints August 31, 2023 Ministers are poised to shelve an overhaul of audit and governance reform from their legislative agenda this year due to concerns over “parliamentary time”, according to reports.
Eurozone inflation unexpectedly steady in August but core prices fall giving ECB new headache August 31, 2023 Eurozone inflation held steady this month but underlying price growth fell as expected, a mixed picture that complicates life for the European Central Bank as it weighs the merits of a pause in rate hikes. Overall inflation in the 20 countries sharing the euro was unchanged at 5.3 per cent in August, defying expectations for [...]
Microsoft to unbundle Teams from Office in bid to avert EU antitrust fine August 31, 2023 Microsoft will unbundle its chat and video app Teams from its Office product and make it easier for rival products to work with its software, the US company said on Thursday in a move aimed at staving off a possible EU antitrust fine. The proposed changes came a month after the European Commission launched an [...]
FTSE reshuffle: Who’s been promoted and who’s got the boot? August 30, 2023 Marks & Spencer has climbed back on to the UK’s FTSE 100 four years after dropping off the top stock index, while housebuilder Persimmon has been demoted following a rocky patch for the housing market. The upmarket supermarket staged the return to the top tier after seeing its share price jump by more than two [...]