Home REIT shares tank after attack from notorious short-seller November 24, 2022 Shares in property investor Home REIT tanked nearly 25 per cent yesterday after it came under siege from notorious short seller Viceroy Research over the quality of tenants in its property portfolio.
Sunak backs down against BoE and ditches call-in power over City regulators November 23, 2022 The government has tonight confirmed it will scrap controversial plans to allow MPs to overrule City regulators as part of a post-Brexit Big Bang 2.0 blueprint. The decision to ditch the plans marked a victory for the Bank of England and the Financial Conduct Authority (FCA), who have both previously warned that introducing the so-called [...]
Rules on liquids aboard flights to be scrapped by mid-2024 – reports November 23, 2022 Restrictions on liquids aboard flights are set to be scrapped by mid-2024, as newer security scanners are increasingly being rolled out. The UK Government has urged major airports across Britain to have the more advanced CT scanners installed by the summer of 2024, the Times first reported. Officials told the outlet that ministers have been [...]
Hunt urges Brits to ‘take responsibility’ with their energy bills with support to end in 2024 November 23, 2022 Universal support for household energy bills will not be extended again, confirmed Jeremy Hunt to MPs today.
Twitter’s top advertisers leave en masse following Musk entrance November 23, 2022 Twitter’s top advertisers are leaving the social media firm en masse, as Elon Musk’s grand plans scare away marketeers. More than a third of Twitter’s top 100 marketers have not advertised on the Elon Musk site in the last two weeks, according to analysis from the Washington Post. The analysis from Pathmatics data reckons that [...]
Camelot posts record half year thanks to online boost November 23, 2022 Outgoing National Lottery operator Camelot posted its highest half-year sales this morning as soaring online sales continue to save the day. The company said that the rising number of online players offset the dwindling in-store ticket and scratchcard demand, with sales topping £4bn for the first time in its history. Despite the “difficult” retail landscape [...]
FTSE 100 closes higher despite yet more recession signals November 23, 2022 London’s FTSE 100 finished higher today despite yet more data signalling the UK is on a one ticket to recession. The capital’s premier index climbed 0.17 per cent to 7,465.24 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.4 per cent to 19,500.5 [...]
Mick Lynch to meet with Mark Harper as new strikes sour festive period November 23, 2022 RMT’s boss Mick Lynch is set to meet with transport secretary Mark Harper tomorrow as the rail strikes announced yesterday are set to disrupt the festive period. The union announced on Tuesday that more than 40,000 of its members working at Network Rail and 14 other train operators will walk out throughout December and January [...]
Hunt says he’s ‘very concerned’ about tax burden and ‘absolutely’ wants to cut it November 23, 2022 Chancellor Jeremy Hunt has said he is “very concerned” about the UK’s soaring tax burden and that he “absolutely” wants to cut it. Hunt told MPs on a Westminster committee today that “if taxes are too high it makes it difficult to be a modern, dynamic economy”, while also backing his decision last week to [...]
Taxman grabs 30 per cent more from Brits over last five years November 23, 2022 The amount of money the taxman takes away from Brits has climbed 30 per cent over the last five years, City A.M. analysis of official figures shows. In the year to 31 October this year, HMRC collected £757bn in taxes, up from £584bn in 2015/16, stats out this week reveal. The rise in tax revenues [...]
