Odey Asset Management looks to shut down wealth business October 9, 2023 Odey Asset Management plans to close down its wealth businesses after its eponymous founder stepped down amid a series of allegations against his behaviour.
Metro Bank fundraise averts immediate threat – but what next? October 9, 2023 Metro Bank's emergency capital raise has reassured investors for the moment, but analysts warned the bank needed to develop a more convincing investment case if it is to survive.
Gold prices surge as investors embrace safe haven assets following Hamas attack on Israel October 9, 2023 Gold prices have rebounded heavily today from a nine-day slump, with investors drawn to safe haven assets amid concerns over geopolitical risk.
Nobel economics prize goes to US professor Claudia Goldin for gender pay gap work October 9, 2023 The Nobel economics prize has been awarded to Harvard University professor Claudia Goldin for research that has advanced the understanding of the gender gap in the labour market.
Amazon boosts UK workers pay – but unions vow to continue strike action October 9, 2023 A UK trade union has said walkouts over pay at Amazon’s warehouse in Coventry will continue, even after the tech giant announced today it would increase wages by at least £1 an hour. The GMB union, which has been spearheading Amazon strikes, told City A.M. today it would “absolutely not” end strikes in Coventry over [...]
Gas prices soar as threat of more Aussie LNG strikes looms October 9, 2023 Gas prices have surged across Europe, amid the renewed threat of further strike action across major LNG production sites in Australia.
Labour pledges ‘fiscal lock’ to protect UK economy, says Rachel Reeves October 9, 2023 A Labour government would deliver a “new fiscal lock” to legally guarantee significant tax and spending changes must be reviewed by economic experts, Rachel Reeves has vowed. The shadow chancellor said a government led by Sir Keir Starmer would “put forward a new charter for budget responsibility” in the wake of the chaos wrought by [...]
World Mobile launches Africa’s first commercial telecoms aerostat October 9, 2023 Blockchain-powered telecom network World Mobile has successfully launched the world's first commercial aerostat.
AA profits tumble to £23m despite soaring cost of motor cover October 9, 2023 The AA saw profits halve this morning amid a drop in trading in its breakdown segment, but soaring motor insurance prices helped it weather the storm.
John Lewis faces fresh defiance from Ealing residents over build-to-rent tower October 9, 2023 The John Lewis Partnership is facing further resistance from Ealing residents over the retailer‘s attempt to erect a build-to-rent tower of 428 homes over a Waitrose supermarket in the west London borough. A campaign group, Stop the Towers, has made fresh calls to the council urging it to listen to residents’ concerns and reject the [...]
