Japan to sign historic defence pact with UK as PM Kishida woos London business leaders May 5, 2022 A new defence pact in the Pacific and post-Brexit trade are high on the agenda, as Japan’s prime minister meets his UK counterpart today. Fumio Kishida and Boris Johnson are set to sign off on an agreement which allows British and Japanese forces to deploy together, against the backdrop of war in Ukraine. The deal [...]
Gucci to accept crypto payments at US stores in digital asset push May 5, 2022 Gucci is doubling down on its support for crypto with plans to start accepting digital asset payments across US stores.
Letters: New Starmer, New Labour May 5, 2022 [Re: Keir Starmer could not have a stronger position – but he’s still squandering it, May 4] Maybe Keir Starmer’s problem isn’t that he’s not using the fruits of Boris Johnson’s failure, but that he is playing the New Labour tune at all. Tony Blair is one of the few Labour Prime Ministers to make [...]
UK automotive production outlook downgraded following April slump May 5, 2022 The automotive industry was forced to downgrade its 2022 production outlook after the number of cars built in April slumped 15.8 per cent. Data published today by the Society of Motor Manufacturers and Traders (SMMT) revealed the number of new car registrations fell to 119,167 units due to covid-induced semiconductor shortages. The decline, the data [...]
RIshi Sunak’s father-in-law’s company Infosys is still active in Russia May 5, 2022 The Indian IT giant Infosys, which chancellor Rishi Sunak’s wife has a £400m stake in, is still reportedly operating in Russia. The company committed to “urgently closing down its operations” in the country last month, but the Mirror reported this week it was still working in Moscow. When approached for comment, Sunak’s wife Akshata Murty [...]
Derwent London throws £240m at Moorfields healthcare site May 5, 2022 Derwent London has thrown nearly £240m towards buying a hospital and research centre site, as the capital’s healthcare and pharmaceutical real estate space catches the eyes of investors. The commercial developer has bought the City Road Island site, the location of the Moorfields Eye Hospital and the UCL Institute of Ophthalmology, after the pandemic highlighted [...]
Explainer-in-brief: The cost of delays of the Elizabeth line May 5, 2022 The Elizabeth line is finally due to open on May 24, the week before the Queen’s jubilee. Given the line’s name is an homage to the Queen’s legacy, this almost sounds like perfect timing. In reality, the line has been troubled by four years of problematic delays. It was meant to launch in December 2018, [...]
1 Minute Market Rundown – 5th May 2022 May 5, 2022 Powell Not as Hawkish as Market Priced In…But Not Dovish By Any MeansCrypto Bounces with Risk Assets So the highly anticipated FED meeting came and went and all things considered…we feel we are exactly where we were before the meeting minus a little bit of cleaner positioning in the market. If you will recall yesterday’s [...]
Helios Towers has rising revenue and earnings after Malawi acquisition May 5, 2022 Telecoms firm Helios Towers experienced increased revenue and earnings due to rising demand and recent African acquisitions. The company registered 23 per cent revenue growth and 20 per cent earnings after tax. This comes after its Malawi acquisition too the group into eight markets and more than 10,500 towers globally. “We have seen [...]
Hiscox sets aside £32m to weather impact of war in Ukraine May 5, 2022 Insurance giant Hiscox has ring fenced $40m to weather expected losses from the war in Ukraine, as it quantifies the hit of the conflict for the first time.
