Long-term gilt yields hit highest level in decades as bond rout continues October 4, 2023 The global bond rout deepened on Wednesday, sending borrowing costs on some of the longest-dated UK government debt to their highest levels in decades.
BAT, Imperial Brands shares slide after Sunak reveals smoking crackdown October 4, 2023 The share prices of major tobacco companies slid today after Prime Minister Rishi Sunak announced new proposals to crack down on smoking.
Howzat? OKX stumps up $200,000 for crypto cricket competition October 4, 2023 Crypto exchange OKX has launched an interactive cricket competition with a prize pool worth more than $200,000.
‘Done the unthinkable’: HS2 northern leg scrapped, Rishi Sunak confirms in Tory conference speech October 4, 2023 The northern leg of HS2 from Birmingham to Manchester has been scrapped, Rishi Sunak has announced. The Prime Minister confirmed the decision to axe the route as he made his keynote speech at the Conservative Party Conference in Manchester today. Sunak said: “I am ending this long running saga. I am cancelling the rest of [...]
Poundland and B&M deals for 100 Wilko stores facing collapse due landlord haggling October 4, 2023 The acquisition of 100 Wilko stores by B&M and Poundland could fall through, as the discount retailers attempt to negotiate more favourable terms with landlords. B&M, which acquired 51 Wilko stores, has been accused of delaying completing deals while it looks to set up new rent and lease arrangements and to renegotiate the terms in [...]
Prime London Housing market holding up against backdrop of high interest rates October 4, 2023 The prime property market in London appears to be holding up relatively strongly in the face of rising interest rates, according to an index. House prices in prime central London in the third quarter of 2023 were typically 1.2 per cent lower than a year earlier, estate agent Savills reported. Property values across London’s prime property market generally were down by 2.1 per cent annually in the third quarter of this year. [...]
Former Co-op Bank boss appears in court accused of £196,000 fraud October 4, 2023 Former Co-op Bank boss Paul Flowers has appeared in court accused of a £196,000 fraud by abusing his position.
Bitcoin holds steady above key support level of $27,400 October 4, 2023 Bitcoin continues to hold the line above $27k, trading for $27,580 this morning, virtually unmoved in the last 24 hours.
Outgoing City of London Lord Mayor Nicholas Lyons will return to Phoenix Group as chair October 4, 2023 The outgoing City of London Lord Mayor Nicholas Lyons will return to insurance giant Phoenix Group as chair, when his term ends next month. Lyons will resume his role with FTSE100 pension firm following a sabbatical for his mayoralty, which ends in November. He will be made chair of the board of directors on 1 [...]
SSE: Energy giant bullish over earnings but warns renewables output ‘below expectations’ October 4, 2023 SSE expects to report earnings of at least 30 pence per share in its half-year results next month, but warns of flagging renewable generation.
