Lyft soars (briefly) after accidentally misstating forward revenues by, err, 10 times February 14, 2024 Lyft's stock surged over 15% in extended trading as the ride-sharing company projected achieving positive free cash flow for the year. However, enthusiasm waned after Lyft disclosed an error in its press release, injecting drama.
Value of UK housing stock dropped by £27bn in 2023 as high costs hurt market February 14, 2024 The UK’s housing stock has seen its first annual decline in value since 2012 after some £27bn was wiped off last year, according to new analysis, amid higher mortgage costs and pressure on household finances. Figures from property firm Savills showed that despite the fall, the value of housing remained £1.585tn higher than 2019, before [...]
Plant-based diet ‘linked to better sexual health in men with prostate cancer’ February 13, 2024 A plant-based diet may be linked to improved sexual health in men treated for prostate cancer, new research suggests.
FTSE 100: London markets hit by interest rate cut worries as Tui takes flight February 13, 2024 The daily London update: Moving news from the FTSE 100 and around the world from City A.M.'s newsroom in the heart of the Square Mile.
Tui to exit London after shareholders back top brass February 13, 2024 Tui shareholders have voted to ditch the London Stock Exchange in favour of Germany, in a major blow to the embattled bourse.
Bullish momentum could see crypto fly after bitcoin jump February 13, 2024 Each day, Coinrule will run the rule over the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets
Chamber of Commerce warns new Gove housing reforms could ‘squeeze out’ economic activity from the capital February 13, 2024 Levelling up and housing secretary Michael Gove has announced plans to drive more so-called 'brownfield' site developments in London.
Bank of England plots reinsurance stress tests amid fears of hidden risks February 13, 2024 The Bank of England has said it is mulling whether “further measures” are required to shore up major insurers today, amid reports it is preparing stress tests to probe the market’s exposure to offshore reinsurance firms.
Rochdale by-election: The only winners will be the losers February 13, 2024 When the Rochdale by-election results come in on 29 February, you would be forgiven for thinking it was an identity parade. Rochdale has showcased a lack of political choice, and poor process for selecting candidates, but out of this pretty dire situation, there will be winners too. First and foremost, however, there will be the [...]
Coca-Cola beats revenue estimates on the back of price hikes February 13, 2024 Coca-Cola has posted fourth-quarter revenue ahead of Wall Street estimates as it saw a boost from higher prices and robust demand for its products.
