Labour MP Christian Matheson QUITS after panel upholds two sexual misconduct claims October 21, 2022 Former Labour MP Christian Matheson has quit after a Parliamentary watchdog upheld two claims of sexual misconduct. The Independent Expert Panel told Matheson to take leave from Westminster after complaints from a junior member of staff, breaching policies of Parliament’s Independent Complaints and Grievance Scheme. Labour branded it an “incredibly serious case” and that chief [...]
EP: 165 Cheltenham, Doncaster, Newbury & Hong Kong October 21, 2022 The new jumps season gets underway at Cheltenham on Saturday, whilst we reach the end of the flat season with both Doncaster and Newbury staging Group races. Milton Harris produced Knight’s Salute to win a Grade 1 at Aintree last season and the Triumph Hurdle Trial winner returns to Prestbury Park for his seasonal reappearance. [...]
Advertising cuts continue to sting Snapchat October 21, 2022 Snapchat’s growth continued to plateau this quarter as the advertising slump continues for the social media company. Falling well below most Wall Street estimates, Snap’s said revenue climbed a humble six per cent to $1,13bn, while net losses widened from $72m to $360m. Adjusted earnings before interest, taxes, depreciation, and amortisation was $73m, compared to [...]
Trouble ahead from Bank of England, but Bitcoin is laying down sound foundations October 21, 2022 Crypto AM's Jason Deane tries to make sense out of a crazy week as Bitcoin's successes are in danger of being overshadowed by politics.
October 22nd – Punter Podcast Summary October 21, 2022 In our new feature, get all of City AM racing editor Bill Esdaile’s weekend tips in a short, summary episode of the Punter Podcast alongside Chris Barnett. The full weekend preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a decade [...]
Barclays hit with £50m fine over ‘reckless’ financial crisis fundraising October 21, 2022 The City watchdog said it will fine Barclays £50m today for failing to disclose fees paid to Qatari investors as it scrambled for emergency cash during the 2008 financial crisis.
Explainer-in-brief: Calling time on the case of Harry Dunn October 21, 2022 Bringing a seemingly never-ending story to its final act, yesterday Anne Sacoolas pleaded guilty to causing the death of Harry Dunn by careless driving in 2019. She appeared via video to her trial at the Old Bailey, finally admitting what had happened. The British teenager died after a collision with Sacoolas’ car outside of a [...]
London Stock Exchange Group beats analyst estimates with £1.9bn income October 21, 2022 The chief of the London Stock Exchange Group said its “strategy is working” today as it reported a 16.2 per cent rise in income and doubled down on its profit targets.
Wickes reports sales growth ahead of winter dominated by rising energy costs October 21, 2022 Home improvement giant Wickes announced a boost in sales ground in the third quarter, as it looks to maintain “rigorous control” of costs ahead of a choppy winter. The retailer registered like-for-like sales growth of 2.6 per cent in the last three months, down from 5.4 per cent on the second quarter, but recovered from [...]
Borrowing was at £20bn last month, £2bn more than expected October 21, 2022 Public sector borrowing was at £20bn last month exceeding expectations by £2.2bn. The figure is the second highest September borrowing since records began in 1993, and is £8.3bn lower than September 2020 at the height of the pandemic. The PSNB, which excludes pubic sector banks, includes day-to-day expenditure of £79.3bn last month, which was £5.8bn [...]
