From creche to healthcare, companies have renewed a social contract to staff July 27, 2023 Companies should start considering their responsibility to provide good quality healthcare for their staff, whether that's supporting them with mental health, on-site creches or eldercare, writes Eliza Filby
Let’s be honest, banks like Coutts should be able to choose their customers July 27, 2023 Natwest’s handling of the Farage affair has been an unmitigated public relations disaster. They have turned a much-disliked public figure into a sympathetic victim of procedural mistreatment.
Federal Reserve sends US interest rates to 22 year high in possible final hike July 26, 2023 The US Federal Reserve today launched what many on Wall Street think will be the final interest rate hike in its current tightening cycle. Members of the federal open market committee (FOMC) backed a 25 basis point increase to leave the federal funds rate at a range of 5.25 per cent and 5.5 per cent. [...]
IQE meets £52m revenue targets amid challenging semiconductor market July 26, 2023 Global semiconductor supplier IQE has performed in line with expectations during the first half of the year. The British manufacturer will hit a revenue of “at least” £52m in line with market guidance and management expectations, IQE said today in an unaudited pre-close trading update for the six months ended 30 June 2023. The AIM-listed [...]
Airbus sees higher than expected profits buoyed by jet deliveries July 26, 2023 Airbus on Wednesday posted higher-than-expected underlying operating profit for the second quarter and reaffirmed its financial goals for the year, while narrowing down its focus for future production to a single 2026 target. The world’s largest planemaker said adjusted earnings before interest and tax rose 34 per cent to €1.85bn (£1.58bn) as revenues grew 24 per [...]
Google and Microsoft AI showdown continues July 26, 2023 After Microsoft and Google’s parent company, Alphabet, reported better-than-expected results yesterday, analysts say the race to dominate the burgeoning AI field is moving quickly. Alphabet’s robust performance saw a 3.3 per cent surge in ad revenue, as search revenue hit $42.63bn (£32.98bn), causing shares to climb six per cent on Wednesday. Despite the market applause, [...]
Investors prepare to see if British Airways owner will soar this summer July 26, 2023 British Airways owner IAG is set to report its half year results this Friday, amid what is widely touted as the most important summer for airlines in years. Aviation has experienced an extraordinary boom in demand over the last six months as it enters the first truly restriction free, high volume period since before the [...]
FTSE 100 close: Soft Lloyds Bank results spark sell off as Natwest tumbles after Alison Rose exit July 26, 2023 London’s FTSE 100 was dragged down today by investors ditching shares in Britain’s biggest banks after Lloyds posted a soggy set of results that dampened market sentiment. The capital’s premier index fell 0.19 per cent to 7,676.88 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Complaints of sexism emerge around forced resignation of Natwest boss Alison Rose July 26, 2023 Complaints of sexism have emerged after Natwest boss Dame Alison Rose was forced to resigned late last night after admitting she was the source for an inaccurate BBC report on Nigel Farage’s Coutts account closure. Rose stepped down in the early hours of this morning after an extraordinary late-night board meeting – just hours after [...]
City A.M. muscles up for new chapter with THG deal July 26, 2023 City A.M. is set for a new chapter, under new ownership, after London-listed THG agreed to purchase the 18-year-old business newspaper today.
