Bitcoin suddenly breaks 2023 high as flagship cryptocurrency touches $35,000 on back of BlackRock iShares listing October 24, 2023 Bitcoin dramatically hit its highest price of 2023 this evening as the world's leading cryptocurrency briefly reached $35,000.
Businesses’ payroll bill to soar by £300m as London living wage increases October 23, 2023 Payroll costs in the capital are set to soar by over £300m as the London living wage increases by a tenth. Businesses signed up to the voluntary scheme will see their salary expenditure go up by £304,200,000 after the rate jumps from £11.95 an hour to £13.15 for 130,000 employees. Firms accredited include half the [...]
Delay to ban on no-fault evictions welcomed by landlords October 23, 2023 A delay to the long-promised ban on no-fault evictions has been welcomed by landlords despite warnings from housing campaigners over the “human cost”. Ministers have announced the long-awaited barring of section 21 notices will be put on ice until the UK’s court system is reformed, amid a record backlog of 65,000 Crown Court cases. Housing [...]
Wizz Air UK chief: Sustainable aviation fuel’s journey to affordability will be ‘slow’ October 23, 2023 Wizz Air’s UK chief has warned it will be a “slow process” to make sustainable aviation fuels affordable, tempering hopes for the technology.
Indivior to pay £315m to end final Suboxone monopoly lawsuits October 23, 2023 Drugmaker Indivior on Monday agreed to pay $385m (£315m) to settle lawsuits brought by drug wholesalers on claims it illegally suppressed generic competition for its opioid addiction treatment Suboxone.
FTSE 100 close: London dips as oil prices fall on easing Gaza tensions as bond yields rise October 23, 2023 London's FTSE indexes opened lower on Monday morning with little to change the mood after last week's rout in markets.
‘Something extraordinary’ is going on in UK and European stock markets, analyst says October 23, 2023 The growing taste for share buybacks in Europe and the UK is giving companies a hidden advantage over their US rivals, analysts at Liberum have argued. According to their research, yields on share buybacks in Europe and the UK are now roughly equal to peers in the US. European firms have traditionally relied on dividends [...]
Historic London estate agent Chestertons snapped up by French real estate group October 23, 2023 London estate agent Chestertons has been bought by a French real estate and technology group, in the latest sign that deal making in the property sector is heating up. The near 200 year-old estate agent was bought by Emeria, which is owned by Swiss private equity and property group Partners Group. The firm is understood [...]
Sector and unions welcome Labour plans to invest £3bn in UK steel industry October 23, 2023 If Labour is elected, the party says the UK's steel industry can expect a £3bn investment.
Sunak says al-Ahli hospital blast ‘likely caused’ by Gaza missile, not Israel October 23, 2023 Sunak told MPs British intelligence had assessed the evidence following the hospital explosion and that the government had now judged that Israel was “likely” not responsible.
