Ex-City minister calls for ‘urgent No10 summit’ with bosses and watchdogs April 23, 2025 A former City minister has called on the Prime Minister to convene an “urgent No10 summit” with the City of London and financial watchdogs in a bid to boost capital markets. During Prime Ministers’ Questions (PMQs), the Conservative MP John Glen asked Sir Keir Starmer to take the step to “steward our pension assets”. Glen, [...]
Kemi Badenoch ‘agrees with Jenrick’ on bringing centre-right voters together April 23, 2025 Kemi Badenoch agrees with Robert Jenrick that “we need to bring centre-right voters together”, her official spokesman had said. The Tory leader had been facing calls from opposition to sack her shadow justice secretary after he vowed to bring together a “coalition” of Reform UK and Conservative voters to take on Labour. In an audio [...]
Exclusive: UK retail investors ‘buy the dip’ amid market collapse April 23, 2025 UK retail investors rushed to ‘buy the dip’ at record rates as they searched for bargains amid a global collapse in stock markets following the reveal of US president Donald Trump’s tariff regime. Buying across investment platforms has been substantially elevated, sometimes outnumbering sell orders by as much as four to one, data provided to [...]
UK bitcoin investors suffer as dollar dwindles April 23, 2025 UK investors in bitcoin and other cryptocurrencies have seen their returns eaten away as the value of the US dollar continues to fall against the pound. Bitcoin’s rally in recent days has pushed its price up to $94,000, meaning that it has returned 0.4 per cent since the start of 2025. However, this is only [...]
Boeing losses narrow as boss says recovery is working April 23, 2025 Boeing’s net losses narrowed in the first quarter of the year in an early sign the US planemaker may turn a corner this year. The firm reported a net loss of $31m (£23.3m) in the three months ended March, down from $355m the year prior. Core losses per share came in at ¢49, well ahead [...]
Schroders and Aberdeen: RBC downgrades price targets April 23, 2025 RBC Capital Markets has downgraded the stock price targets of Schroders and Aberdeen ahead of the publication of quarterly results from the wealth managers. Schroders was downgraded from 475p to 390p by the investment bank, compared to a current stock price of 322p, as RBC cut forecasts for operating profit by eight per cent over [...]
City broker upgrades Boohoo shares to ‘Hold’ April 23, 2025 City broker Shore Capital has upgraded fast-fashion retailer Boohoo, now trading as Debenhams, from a ‘Sell’ to a ‘Hold’ in light of its falling share price. Boohoo’s share price has dropped by more than a third since last November, after a series of poor trading updates and a public spat with Mike Ashley. Shore Capital [...]
Paypal to open major office in London landmark April 23, 2025 Electronic payments giant Paypal has signed up to become the first occupier of a redeveloped office building on London’s Southbank. Paypal has agreed a lease for 40,000 sqft on the top floor of the building, a newly revamped Grade II-listed structure next to the National Theatre. Overall, the building will provide another 300,000 sqft of [...]
Babcock gains momentum in an ‘uncertain world’ April 23, 2025 Babcock reported a significant jump in full-year profit and revenue as heightened military tensions continue to prop up European defence contractors. Operating profit increased 17 per cent to £363m on an underlying basis, while revenue grew 11 per cent to £4.8bn. Net debts fell to £373m including leases, down from £435m the year before. Shares [...]
Foxtons: Sales revenue booms on stamp duty completion rush April 23, 2025 Revenue at London’s largest estate agent Foxtons has risen by a quarter, driven by the large number of completions brought forward to benefit from stamp duty relief. The company said that overall revenue rose by 24 per cent in the three months ended March 31, with a 73 per cent rise in sales revenue. Foxtons [...]
