Bank of England’s Huw Pill: Interest rates must remain high to tackle ‘persistent’ inflation October 16, 2023 Markets doubt whether a further rate hike will be necessary, but Pill reiterated that the Bank "still has some work to do in order to get back to two per cent".
Shell soars to record highs as oil and gas markets await fresh signals from Israel-Hamas war October 16, 2023 Commodity prices have steadied following last week's bumper rally, with markets awaiting further supply signals.
Bitcoin rallies as SEC decides against appealing Grayscale’s ETF plans October 16, 2023 Bitcoin is up 3.8% over the 24 hours as the market leader rallies on the news that the SEC won't contest Grayscale's ETF moves.
Trump wants to give evidence in London court over ‘Steele dossier’ October 16, 2023 Donald Trump wants to give evidence in a London court to attempt to prove claims Russia supported his 2016 election campaign are false, the former US president’s lawyers said on Monday as he tried to continue his case against a British private investigations firm. Trump, front-runner for the 2024 Republican presidential nomination, is suing Orbis [...]
Abrdn offloads private equity arm for £60m as Bird’s ‘reshaping’ drive accelerates October 16, 2023 Abrdn has offloaded its European private equity business to a Nasdaq-listed investor for £60m today as bosses press ahead with plans to slim down and simplify the business globally.
D&D: Bluebird Chelsea owner gets £40m boost from new investors October 16, 2023 The business behind such popular London haunts as Bluebird Chelsea and Coq d’Argent is set to be bought by investment firm Breal Capital and Byron Burgers chain owner Calveton, as it looks to raise funds following a challenging period for the hospitality sector. D&D London, which started out as Sir Terence Conran’s Conran Restaurants, said [...]
Hoberman-led Tech Nation pledges £10bn funding bonanza for start-ups October 16, 2023 The start-up group freshly revived by Brent Hoberman has pledged to facilitate a £10bn investment bonanza for UK tech today as it restarts operations. The group wound down earlier this year after ministers pulled its funding.
Peter Bone: Tory MP facing suspension over bullying and sexual misconduct claims October 16, 2023 Tory MP Peter Bone has been recommended for a six-week suspension from the Commons after being found to have committed bullying and sexual misconduct against a staff member. Parliament’s Independent Expert Panel said the MP for Wellingborough “committed many varied acts of bullying and one act of sexual misconduct” against a member of his staff [...]
Hipgnosis share price dives more than 10 per cent after it cancels dividend October 16, 2023 Shares in Hipgnosis plunged as much as 16 per on Monday, following an announcement it has abandoned plans to pay an interim dividend.
ITM Power to enter US market in blow to UK’s green hydrogen ambitions October 16, 2023 ITM Power has announced plans to enter the US market, enticed by the vast subsidies offered under the country's Inflation Reduction Act.
