Wilko: M2 Capital set to bow out of takeover race after missing bid deadline August 31, 2023 M2 capital has missed a deadline to show it has sufficient funds to snap up Wilko, City A.M. has learned, in a sign that the frontrunner in the race to save the high street chain could be about to bow out. Administrators for Wilko, PwC, had until 09:00 today to submit documentation to prove it [...]
Glencore’s shares slide as 197 claimants for legal action revealed August 31, 2023 Shares in commodity giant Glencore have dropped over four per cent in early trading this morning amid its bitter legal battle in London.
Standard Chartered appoints new finance chief as Andy Halford steps down after a decade August 31, 2023 Standard Chartered finance chief Andy Halford has announced he will step down having served for nearly a decade in the role. Halford, who has been at the bank since 2014, will be replaced by Diego de Giorgi, most recently co-CEO of Pegasus Europe, Europe’s largest-ever special purpose acquisition company (SPAC). Prior to his role at [...]
Bitcoin retraces as altcoins continue to slip August 31, 2023 Bitcoin and Ethereum have retraced since yesterday to trade in the red this morning by less than a percentage point each.
Government set to shelve audit reform due to time constraints August 31, 2023 Ministers are poised to shelve an overhaul of audit and governance reform from their legislative agenda this year due to concerns over “parliamentary time”, according to reports.
Claire Coutinho replaces Grant Shapps as energy secretary August 31, 2023 Claire Coutinho has been appointed energy secretary in a promotion to a top cabinet role, amid a mini-reshuffle of the Prime Minister’s core team. It follows Grant Shapps moving over to the Ministry of Defence (MoD) after defence secretary Ben Wallace resigned from cabinet ahead of stepping down as an MP at the next general [...]
Eurozone inflation unexpectedly steady in August but core prices fall giving ECB new headache August 31, 2023 Eurozone inflation held steady this month but underlying price growth fell as expected, a mixed picture that complicates life for the European Central Bank as it weighs the merits of a pause in rate hikes. Overall inflation in the 20 countries sharing the euro was unchanged at 5.3 per cent in August, defying expectations for [...]
Revolution Beauty picks former Walgreens exec as new boss August 31, 2023 Revolution Beauty has narrowed its losses and appointed a new boss as it tries to put behind it historic issues and a spat with top shareholder Boohoo.
Grant Shapps replaces Ben Wallace as defence secretary taking fifth post in a year August 31, 2023 Grant Shapps has been made defence secretary, in a mini-reshuffle sparked by predecessor Ben Wallace stepping down from cabinet. It comes after Wallace announced in July he would be leaving the role and stepping down as an MP as the next election – after a political career spanning almost a quarter century. Shapps, who has [...]
FTSE 100 Close: London finishes in red on fears of stubborn inflation August 31, 2023 London’s FTSE 100 was subdued today on fears of stubborn inflation keeping investors quiet, finishing in the red after being on one of its longest winning streaks in months. The capital’s premier blue-chip index finished 7,452.87, 0.28 per cent down, after spending all day in the green. By 2.30 it was at 7,488.29, about 0.2 [...]
