McDonald has a Smart chance of success aboard Fighter December 3, 2024 JAMES McDonald is probably going to need a large slice of luck if he is to win his first International Jockeys’ Championship title. Officially the world’s best jockey cannot count on any of his four gallopers being at the forefront of the betting, although Chateauneuf from the David Hayes stable does hold strong claims in [...]
Purton set to have the Lucky Touch on Cruz’s Stunning Peach December 3, 2024 IT’S SHOWTIME at Happy Valley in Hong Kong today, when a dozen of the world’s best jockeys head into battle for the LONGINES International Jockeys’ Championship award. With four allotted races worth around HK$750,000 (£75,000) each in prize money, and the top jockey who gains the highest number of points during the four-race contest picking [...]
How Abrdn became the most shorted company in the UK December 3, 2024 Abrdn is now the most shorted company in the UK, as the Edinburgh-based asset manager has struggled to convince the market it has staying power in the industry. The FTSE 250 fundhouse has been a perennial member of the most shorted stocks for a while, but has succeeded in taking the top spot thanks to [...]
Barclays boss insists Budget has been a ‘success’ despite gloomy forecasts December 3, 2024 The chief executive of Barclays has said Rachel Reeves’s tax-raising Budget has been a “success” so far, arguing it will likely boost economic growth in the longer term despite a raft of gloomy forecasts. Speaking at the Financial Times’ Global Banking Summit on Tuesday, CS “Venkat” Venkatakrishnan said markets for government debt suggested the Autumn [...]
From porridge to pizza: Junk food ban will have ‘inevitable impact on growth’ – advertisers warn December 3, 2024 A pre-watershed ban on advertising junk food will have an “inevitable impact” on the UK’s “wider economic growth”, an advertising industry body has warned. The government claims the new policy, which will come into force from October 2025, will prevent an estimated 20,000 cases of childhood obesity. Legislation published on Tuesday afternoon reveals the broad [...]
Revolut boss says London IPO is ‘not rational’ December 3, 2024 Revolut’s chief executive Nik Storonsky has said it is “not rational” for Europe’s most valuable fintech start-up to publicly list in London, dealing a blow the new government’s plans to boost the stock market. Storonsky said the London-based banking company would consider a public debut “sooner or later” to raise cash and return money to [...]
Households cut back on spending at fastest pace in five years December 3, 2024 According to figures published by Barclays, essential spending fell by 3.1 per cent in November, the sharpest monthly fall since 2019.
Ukraine’s battlefield heroes are in need of urgent support December 3, 2024 Time is running out for a vital NGO that evacuates injured soldiers from battlefields in Ukraine, and has saved the lives of 62,000 people. The UK government should act now, says Jack Dickens It all began with one ambulance and an army of volunteers. Soon after Vladimir Putin launched Russia’s brutal invasion of Ukraine on [...]
Goldman Sachs: Why Budget tax hikes may hit harder than economists expect December 3, 2024 The research from the US investment bank is the latest attempt to get to grips with the likely impact of the tax changes announced in October's Budget.
French turmoil could be a boost for the City of London, says top lawyer December 3, 2024 Political turmoil in France and geopolitical tensions between China and the US are showcasing the UK’s status as an “independent financial centre” and destination for international IPOs, a leading capital markets figure has suggested. Mark Austin, a lawyer at Latham & Watkins who has masterminded many of the City’s reform efforts over the past two [...]
