Nvidia surges to record $277b market cap in single day, riding AI ‘FOMO’ wave February 23, 2024 Nvidia, a leading chipmaker, shattered records by achieving the largest single-session market capitalization increase for a publicly listed company.
FTSE 100 close: London joins Nvidia fuelled rally following strong PMI February 22, 2024 FTSE 250, which is more aligned with the UK's domestic market, was in the green around 0.27 per cent up, with Indivior's shares at +18 per cent.
Troubles for Custodian as bidding war over Abrdn property trust escalates February 22, 2024 Custodian's attempt to buy the Abrdn Property Income Trust have been further impeded after two asset managers dropped support for the deal.
Post Office row: Top civil servant denies telling Henry Staunton to delay payments February 22, 2024 A senior civil servant has denied tellilng former Post Office chairman Henry Staunton to delay the Horizon IT compensation payments.
Lloyds could face £3.5bn hit from FCA motor finance probe, analysts warn February 22, 2024 A wide-ranging review of historic motor finance commission arrangements has rocked the UK’s banking sector.
Anyone for Pimm’s? Diageo mulls sale of iconic British tipple February 22, 2024 Diageo, the FTSE 100 drinks giant, is reportedly mulling the sale of three non-core brands, including summer time favourite Pimm’s.
ECB and Fed more concerned by risk of persistent inflation than slow growth, minutes suggest February 22, 2024 The ECB and the Fed are more concerned about a premature easing in monetary policy than potentially squashing the economy.
Debanking: First Farage, now London sex workers in bid to end ‘Victorian age’ lending February 22, 2024 London campaigners are urging the government and mayoral candidates to help drag the capital out of a “Victorian age” of banking.
‘Philanthropy powers progress’: Cancer Research UK urges business to play part in tackling global killer February 22, 2024 A coalition of scientists including three Nobel Prize winners teamed up with Cancer Research UK urging leading business figures to back their campaign for a cure.
Direct investment platforms: Sales drop off as new competitor surges into the field February 22, 2024 Sales on direct investment platforms trended downwards last year but still remained strong, as a new competitor to the market has surged into the field. Total direct market assets totalled £320bn last year, with £10.7bn of net new money coming in, data from Fundscape revealed. The £10.7bn in net flows was down 12.2 per cent [...]
