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 [...]
Retail sales volume fall to 1.3 per cent lower than pre-covid levels as cost of living bites October 21, 2022 Retail sales volumes have plummeted to 1.3 per cent lower than pre-coronavirus levels as rising prices and the cost of living continues to bite. Latest figures from the Office for National Statistics show sales volume on the high street were down by 1.4 per cent in September, though data was impacted by a bank holiday [...]
Deliveroo posts growth in Q3 despite tough consumer environment October 21, 2022 Deliveroo continued to benefit from stable growth in the third quarter of the year, as it looked to expanding its offering across the UK and Middle East. The fast-food delivery giant had year-in-year growth in Q3 with gross transaction value (GTV) per order up six per cent, despite orders being down one per cent, driven [...]
Can carbon capture boost supply security and the UK’s green agenda? October 21, 2022 Carbon capture and storage could provide the UK genuine assistance as it shifts itself from gas to renewables, argues the North Sea sector.
Pressure mounts to save end-to-end encryption cull in online safety laws October 21, 2022 The rallying cry to block new laws that could undermine end-to-end encryption have grown louder today, as free speech groups urge the government to rethink its strategy to online safety. In a fresh call this morning, the Global Encryption Coalition, which includes anonymity network Tor and Open Rights Group, said the online safety bill should [...]
