London’s FTSE 100 pulled down by pension managers after more BoE bond support October 11, 2022 London’s FTSE 100 today was pulled down by the UK’s largest money managers dropping after the Bank of England stepped up its support for the bond market again. The capital’s premier index dropped 1.06 per cent to 6,885.23 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
City minister defends ‘safety valve’ call-in power over financial regulators October 11, 2022 A proposed new power that allows Whitehall to overrule financial regulators will only be a “safety valve”, City minister Andrew Griffith has said. Griffith told a Westminster committee today that the new call-in power would only be used “sparingly” in the face of concerns that it will reduce the independence of the UK’s regulators. The [...]
Sales soar for Dior owner LVMH as Chinese retail bounces back October 11, 2022 Dior owner LVMH smashed third quarter forecasts this evening, with business in China finally picking up thanks to Covid restrictions being eased. The luxury goods giant, which owns brands like Bulgari and Tiffany & Co, said sales climbed 19 per cent from the previous year to €19.8bn. The fashion and leather goods division were a [...]
Bank of England steps up bond market support again to tame ‘risk to financial stability’ October 11, 2022 The Bank of England today stepped up its emergency bond buying scheme to tackle “a material risk to UK financial stability”. It is the second time in as many days the Bank has ramped up support for the UK bond market, underscoring the scale of volatility it is grappling with. The monetary authority led by [...]
Fownes’ Jumbos to stop Purton from running riot again October 11, 2022 NO PRIZES for guessing who the headline act will be when racing gets underway with a nine-race programme at Happy Valley today. Champion Jockey Zac Purton reached new heights at Sha Tin last Sunday, riding his first ever seven-timer and sending home his many thousands of supporters with bulging pockets full of dollars. The Zac-Man [...]
Chan seeking long-awaited sweet taste of victory with Sugar October 11, 2022 IF ANY jockey in Hong Kong needs a change of fortune it’s 28-year-old Alfie Chan. Locally born Chan, who learnt his racing skills abroad in New Zealand and Australia, has found it hard going in the territory in the last couple of seasons. Having joined Frankie Lor’s stable when arriving on the scene, Chan initially [...]
Brits prepared to cough up more for energy efficient homes as living costs bite October 11, 2022 Brits are prepared to pay nearly 10 per cent more for a house that has already been retrofitted, says a new study.
Chipmakers continue to feel hangover from US export ban October 11, 2022 SHARES in chipmakers continued to tumble today, as the sector feel the hangover of Washington’s decision to limit chip exports to China. Adding fuel to the US-China tech war on Friday, President Joe Biden blocked American firms from selling chips for use in AI and supercomputers in China. He said these curbs were aimed at [...]
Recruitment firm Robert Walters continues to cash in on hiring spree October 11, 2022 Recruitment firm Robert Walters continues to cash in on the competitive labour market, with gross profit jumping 22 per cent in the third-quarter. The British firm said net fee income climbed 26 per cent year-on-year to £112m in the three months ending 30 September. “The macro-economic backdrop became more uncertain as the quarter progressed. Nevertheless, job flow [...]
UK spy chief tells parents not to worry about letting kids on TikTok October 11, 2022 Top UK spy chief has said he wouldn’t tell youngsters to keep away from TikTok, despite concerns from the government about the Chinese app’s safety. The director of GCHQ Jeremy Fleming told BBC Radio 4’s Today show that he would not be concerned if his own children used the social media, but said he would discuss [...]
