Boohoo pressures suppliers to drive down prices, says BBC probe November 6, 2023 Boohoo introduced a five per cent price cut for every week an order was late, a BBC report alleges
GKN Aerospace owner Melrose signs £4bn deal with GE Aerospace November 6, 2023 GKN Aerospace owner Melrose signed a new $5bn (£4bn) deal with aircraft engine supplier GE Aerospace this morning, prompting shares to jump 4 per cent. The new aftermarket services agreement will widen Melrose’s GKN Aerospace division’s current partnership with GE, surrounding its fastest selling high-thrust GEnx engines. In a statement on the London Stock Exchange, [...]
Monzo dives into insurance with London insurtech star at the helm November 6, 2023 Founder of digital insurance brand Brolly, Phoebe Chibuzo Hugh, has announced that she has joined digital challenger bank Monzo to lead its expansion into the insurance sector.
Concerns over shortages keep oil prices high as Saudi Arabia and Russia stand firm on supply cuts November 6, 2023 Saudi Arabia will be responsible for additional voluntary cuts of one million barrels per day — while Russia has slashed roughly 300,000 barrels per day from its output.
Aviva ‘immoral’ as row over defence company investment hots up November 6, 2023 Defence secretary Grant Shapps has warned insurance giant Aviva against 'immorally' divesting from defence companies.
Profit-pumped Ryanair announces plans for first ever regular dividend November 6, 2023 Ryanair announced its maiden dividend for shareholders this morning as soaring ticket fares helped the carrier net record profits.
Musk announces X/Twitter’s new AI tool: a sarcastic chatbot named Grok November 6, 2023 Grok will be able to scrape twitter / X, and have a 'rebellious streak,' Elon Musk said over the weekend as the AI race hots up
Mortgage rates are dropping — could they ‘continue to edge downwards’? November 6, 2023 A managing partner at Knight Frank Finance said the below five per cent mortgage rates would help improve property market sentiment
Energy bills set to RISE next year as volatility spooks oil and gas markets November 6, 2023 Household energy bills will not ease any time soon, with forecasters warning that the energy price cap is now set to rise again.
A tale of two oil giants: BP struggles to keep up with Shell, but net zero scrutiny is coming November 6, 2023 Energy giants unveiled sharp downturns in their usual earnings last week, but BP is struggling compared to its rival Shell.
