Next week in the City: Prudential, Bunzl and Grafton update investors August 26, 2023 Despite an August lull taking hold of the corporate calendar, Prudential, Bunzl and Grafton.
Rate hike chances rise modestly after Fed’s Jerome Powell speech August 25, 2023 Interest rate futures tied to the Federal Reserve’s policy rate slightly increased the chances of tightening by the U.S. central banks at both the November and December policy meetings after Chair Jerome Powell’s speech. The Fed is widely expected to hold rates steady at the Sept. 19-20meeting. Powell said on Friday Fed policymakers would “proceed [...]
Notting Hill Carnival and Reading Festival-goers brace for rail strike disruption August 25, 2023 Rail passengers will face fresh travel disruption on Saturday because of another strike in the deadlocked dispute over pay, jobs and conditions. Around 20,000 members of the Rail, Maritime and Transport (RMT) union at 14 train operators will walk out, crippling services across England. The latest stoppage in the row, now in its second year, [...]
Competition watchdog probes land banks in housing investigation August 25, 2023 The UK competition watchdog has said it will probe land banking by the country’s biggest housebuilders as it identified a number of concerns regarding the sector. The Competition and Markets Authority (CMA) formally started a probe into the housebuilding sector and the private rental market in February. It said it was looking into the housebuilding [...]
56 per cent of Brits expect Labour leader Keir Starmer to be next PM – with bleak picture for Tories: poll August 25, 2023 A majority of the public expects Sir Keir Starmer to become prime minister, a new poll has found. Some 56% of people told pollster Ipsos UK they thought it was “likely” the Labour leader would succeed Rishi Sunak, with only 28% saying they thought it was unlikely. That figure equals the previous high point for [...]
Luis Rubiales: Spanish football boss refuses to quit at crisis meeting over kiss row August 25, 2023 The president of the Spanish football federation has refused to resign despite an uproar after he kissed a player on the lips without her consent after the Women’s World Cup final. Luis Rubiales told an emergency general assembly of the federation “I won’t resign” four times in quick succession, and claimed he was a victim [...]
Cluttons swaps West End for Square Mile with new London HQ in Cannon Street August 25, 2023 Property consultancy Cluttons has moved its London office headquarters from the West End to the City. The estate agent has taken a 10-year lease at Yarnwicke on Cannon Street and will occupy 8,551 sq ft of space. It comes as Cluttons said it has experienced a period of “sustained growth” having hired a number of [...]
Seed stage science fund bags £29m government funding boost August 25, 2023 A seed-stage science fund run by London venture outfit Future Planet Capital has bagged a £29m funding boost from the government today to pump into early stage life science firms.
Heineken sells Russia firm at loss of £256m almost 550 days after Ukraine invasion August 25, 2023 Brewing giant Heineken has completed its exit from Russia, around 18 months after the invasion of Ukraine. The Dutch firm, which also makes Amstel and Birra Moretti beers, said it has now secured the sale of the business, which includes seven breweries, to Russian company Arnest Group for 1 euro. It said it expects to [...]
‘Highly likely’ Wagner chief Prigozhin is dead, says MoD August 25, 2023 It is “highly likely” that the leader of the Wagner mercenary group who challenged the Kremlin in a failed mutiny is dead, the UK Government has said. The Ministry of Defence (MoD) cautioned that there is “not yet definitive proof” that Yevgeny Prigozhin was onboard a plane that crashed north of Moscow on Wednesday, but [...]
