Stocks and sandals: Birkenstock targets over $9bn valuation in US IPO October 2, 2023 Birkenstock said today that it is seeking a valuation of up to $9.2bn in its highly anticipated US initial public offering.
ESG priority for investors is avoiding corruption, says new survey October 2, 2023 Avoiding companies with corrupt practices is one of the top ESG priorities for investors, a new survey has found. And even if a company is back on the rails after suffering a scandal, investors still prefer to back corporates with a clean record. In the survey of Hargreaves Lansdown clients, nearly 83 per cent said [...]
War with Taiwan would ‘collapse the Chinese economy’, Cleverly tells Tory conference October 2, 2023 China’s economy would collapse if it went to war with Taiwan, James Cleverly said, as he defended his policy of “clear eyed” engagement with Beijing. The Foreign Secretary said concerns about the strength of China’s economy were already forcing the ruling Communist Party to change course. Cleverly became the first UK Foreign Secretary to visit [...]
EU reaffirms ‘unwavering’ commitment to Ukraine – amid suggestions of ailing support October 2, 2023 Some of Europe’s top diplomats are gathered in Kyiv in a display of support for Ukraine’s fight against Russia’s invasion as signs emerge of political strain in Europe and the United States over the war. European Union foreign ministers converged on the Ukrainian capital for an unannounced informal meeting that officials said would review the [...]
FTX founder Sam Bankman-Fried trial could boost crypto market October 2, 2023 Nigel Green believes Sam Bankman-Fried's trial is a golden opportunity to build trust and drive mass adoption of cryptocurrency.
IMF warns on unsustainable rising debt burden from climate change policies October 2, 2023 Policies to tackle climate change could send debt to unsustainable levels unless governments are able to find new revenue sources, the International Monetary Fund (IMF) warned today.
Final nail in the coffin for HS2 as Manchester leg reportedly shelved by Rishi Sunak October 2, 2023 The Manchester segment of HS2 will be shelved, according to reports.
‘The lower the better’: Truss tells Tory conference corporation tax should be at 19 per cent October 2, 2023 Corporation tax should be slashed to 19 per cent and “if we can get it lower the better”, Liz Truss has said. The former Tory leader, who left office after just 49 days last year following a calamitous mini-budget which sent markets spiralling, called for action to “change the agenda” and prevent British businesses being [...]
UK down to last coal plant as households are urged to save energy this winter October 2, 2023 Just one coal fired power plant remains operating in the UK energy market ahead of winter, with ESO telling customers to save energy.
Sharon White: What went wrong at John Lewis — and who might pick up the pieces? October 2, 2023 Appointed with no retail experience, Sharon White's time at the top of John Lewis will come to an end after just five years
