UK housebuilding stocks to remain sturdy despite falling house prices November 21, 2022 Housebuilders are expected to avoid any significant share price tumbles ahead of a forecast house price plunge in the UK, according to analysts at brokerage Jefferies. In a research note today, Jefferies analysts doubled down on UK housebuilders continuing to bring value for shareholders, despite an anticipated dip in house prices and sales as mortgage [...]
Exclusive: Reform stamp duty to boost energy efficiency, urges Kingfisher November 21, 2022 The Government should reform stamp duty to boost the energy efficiency, argued Kingfisher, the owner of brands such as Screwfix and B&Q.
Next steps: Gap builds on UK return with re-introduction of Banana Republic and Athleta brands November 21, 2022 Gap has added a pair of apparel brands to its joint venture with Next, after the fashion firm left the high street amid the pandemic. The e-commerce retailer said it will re-introduce Banana Republic and Athleta products to the UK via Next’s Total platform. The US retailer shut its 81 stores in the UK and [...]
Bob Iger makes shock Disney comeback November 21, 2022 Ex-Disney boss Bob Iger has made a dramatic comeback as the media giant continues to grapple with inflationary pressure and growing competition. The businessman will take the reins from Bob Chapek, who took over as chief executive in February 2020, hoping to lead the iconic brand to a digital future. “We thank Bob Chapek for [...]
FCA warns trading firms over dangerous ‘gamification’ November 21, 2022 The UK’s financial watchdog has fired a warning shot at trading apps today over the so-called gamification of betting on the financial markets, amid fears unsophisticated investors are being lured in to bets against their own interest.
Simon & Schuster to let £2bn Penguin deal fall through November 21, 2022 Simon & Schuster owner is set to let its $2.2bn (£1.9bn) sale to Penguin Random House collapse today after the deal was blocked by US regulators. Sources told Reuters that German media group Bertelsmann, which owns Penguin, has been unable to convince Paramount Global, Simon & Schuster’s owner, to launch an appeal of the decision. [...]
FTX implosion shows urgent need for crypto rules, says Bank of England November 21, 2022 The implosion of FTX has underlined the need to rapidly bring crypto within the remit of financial watchdogs before it threatens the stability of the wider financial system, the deputy governor of the Bank of England has warned today.
Sunak slaps down idea of Swiss-style Brexit deal to bring UK closer to EU November 21, 2022 Rishi Sunak will not pursue a post-Brexit “Swiss-style” deal to bring the UK closer to the EU, the Prime Minister has said today. Sunak said he was “unequivocal on this” and that “under my leadership, the United Kingdom will not pursue any relationship with Europe that relies on alignment with EU laws”. The Sunday Times [...]
Crypto collapse: FTX launches review of assets and seeks court relief to pay key vendors November 21, 2022 Collapsed crypto exchange FTX said it has launched a strategic review of its global assets and is preparing for the sale or reorganisation of some of its businesses, just a week after it filed for bankruptcy. FTX said the review of its global assets would “begin to maximize recoverable value for stakeholders”. In a filing this [...]
Crypto markets struggle to wake up as Bitcoin clings on above $16,000 November 21, 2022 The prices of Bitcoin and Ethereum are down today, with Bitcoin trading for $16,060 and Ethereum valued at $1,119, this morning.
