Monthly insolvencies tick up again as firms feel the brunt of the Bank of England’s interest rate hikes February 16, 2024 According to figures from the Insolvency Service, there were 1,769 company insolvencies in January, five per cent higher than in the same period last year driven by an increase in forced closures.
Letters to the editor: Tourist tax proves puzzling, cross words for our crossword February 16, 2024 Each week we at City A.M. Towers receive some enlightening and occasionally constructively critical letters. Here are our favourites from this week.
Alexei Navalny: Opposition leader and Putin critic dies in prison February 16, 2024 Navalny, who was serving a 19-year sentence on charges of extremism, was moved in December from his former prison in the Vladimir region of central Russia to to a “special regime” penal colony
Paul Thwaite: Who is the veteran tasked with steadying Natwest after the Farage debanking scandal? February 16, 2024 Natwest has appointed Paul Thwaite as permanent chief executive after a tumultuous year. Who is the man tasked with steadying the ship?
EP: 252 Ascot, Haydock & Hong Kong February 16, 2024 Ascot hosts the Grade One Ascot Chase alongside the 3 mile Reynoldstown Novices’ Chase on Saturday afternoon with the Grade Two Rendlesham Hurdle the feature race at Haydock and the Kingwell Hurdle highlighting the Wincanton card. Champion trainer Paul Nicholls tells us about his chances of grabbing a winner or two this weekend. City AM [...]
The Independent eyes online news empire with control of Buzzfeed and Huffpost UK February 16, 2024 British online newspaper The Independent is reportedly in talks to take over the operations of BuzzFeed and Huffington Post UK.
XP Power share price collapses after warning of revenue ‘shortfall’ February 16, 2024 "There is likely to be a shortfall in revenue in 2024, leaving the outlook for 2024 significantly below market expectations," the firm said
EDF swings to profit on back of high electricity prices but notes £11bn Hinkley hit February 16, 2024 French nuclear power giant EDF swung to profit in 2023, despite booking a large impairment on the struggling Hinkley Point C project.
Sir Adrian Montague: Chairman of Thames Water parent company Kemble quits February 16, 2024 He has also stood down as director of each of Kemble's subsidiaries, apart from TWUL and Thames Water Utilities Holdings Limited.
Eutelstat: Satellite operator’s profits crash to earth as OneWeb delays hit revenues February 16, 2024 Eutelstat Group has reported a dip in half-year profits after the French satellite company slashed its annual guidance because of delays at OneWeb.
