Exclusive: Government must offer more subsidies to meet green hydrogen goals October 18, 2022 Government instability and a less attractive investment climate make the UK less appealing for hydrogen projects, warns ATOME Energy.
Goldman Sachs profits trimmed by sluggish deal making October 18, 2022 A sharp slowdown in deal making activity caused by the weakening global economic environment has squeezed investment banking giant Goldman Sachs’s profits, the firm announced today. Net earning applicable to common shareholders at Goldman over the three months to September fell to $2.96bn (£2.62bn). That is nearly half the $5.28bn (£4.67bn) notched by the Wall [...]
Chair of defence committee says RAF vets who train Chinese pilots should ‘lose British citizenship’ October 18, 2022 The Tory chair of the Commons defence committee has called for RAF veterans to lose their citizenship if they train Chinese pilots. Tobias Ellwood made the comments on social media this morning just days after it was reported up to 30 former pilots have been lured to Beijing with large payments. Following reports, the UK [...]
Asda to open Express convenience stores in bid to gain market share October 18, 2022 Asda will open its first convenience stores this winter, as the supermarket hopes to appeal to more shoppers on the go. The first Asda Express store will open in Sutton Coldfield next month, followed by a store in Tottenham Hale in December. Some 30 more stores will be rolled out across 2023, in a scheme [...]
Competition watchdog orders Facebook owner Meta to sell Giphy October 18, 2022 The competition watchdog told Facebook’s parent firm Meta this afternoon that it would need to dump Giphy, marking the first time the regulator has blocked a deal struck by a Big Tech firm. In its “final decision”, the Competition and Markets Authority (CMA) ruled that the combination of the two companies would allow Meta to [...]
FinnCap shares surge as Panmure Gordon eyes takeover October 18, 2022 Shares in London brokerage FinnCap surged over 30 per cent this morning as it confirmed that City rival Panmure Gordon was eyeing a takeover swoop for the firm.
Finally here: Elizabeth line Bond St station to open on Monday October 18, 2022 The long-awaited Elizabeth line is one step closer to completion as Bond Street station is set to open its doors to millions of travellers next Monday. The station – whose final operations are currently underway ahead of the opening – will relieve congestion at Oxford Circus and give a boost to the West End by [...]
New breed of private capital firms will face performance headwinds October 18, 2022 Under the private equity fundraising model, every few years fund managers secure capital commitments with a 10-year duration and charge management and advisory fees during the lock-up period. While longer-dated products have emerged over time, the basic pattern has remained essentially unchanged. Unfortunately, fundraising is cyclical. Downturns require patience: fund managers must wait until the [...]
The UK created the World Wide Web, now it can lead the race for an ‘internet for money’ October 18, 2022 The development of CBDCs represents an opportunity for the UK to re-establish itself as the financial centre of the world, says Paul Sisnett.
Truss approval rating at record low as just 10 per cent have favourable view of PM October 18, 2022 Liz Truss’ approval ratings have reached an historic low and polling shows that Tory members are now in favour of removing the Prime Minister. A YouGov poll today showed Truss had a -70 net-favourability rating among the British public, which is lower than Boris Johnson faced at his lowest point and the lowest ever recorded [...]
