Marshalls: Can struggling landscaping giant exceed ‘fairly low’ expectations? August 13, 2023 Investors will turn their focus to building products supplier Marshalls interim results on 16 August to see if the business has picked up any momentum amid a growing slump in the UK house building market. The group, which is headquartered in West Yorkshire, has shown signs of struggling in recent months and announced in July [...]
Harry Kane: England captain signs for German champions Bayern Munich August 12, 2023 England captain Harry Kane has completed his move from Tottenham to Bayern Munich. Kane travelled to Germany on Friday night for a medical and the Bundesliga giants confirmed on Saturday he had signed a deal until June 2027 and will wear the number nine shirt. “I’m very happy to be a part of FC Bayern [...]
Sam Bankman-Fried jailed August 11, 2023 FTX founder Sam Bankman-Fried has been jailed after being accused of attempting to intimidate witnesses ahead of his impending trial for fraud.
More strikes: 20,000 train workers to walk out later this month bringing UK to a halt August 11, 2023 Members of the biggest rail workers union are to stage fresh strikes in the long-running dispute over pay, jobs and conditions. The Rail, Maritime and Transport union (RMT) said 20,000 of its members in 14 train operators would walk out on August 26 and September 2. The union said it had been left with “little [...]
Co-operative Bank picks up £479m Sainsbury mortgage portfolio amid speculation over banking M&A August 11, 2023 The Co-operative Bank has bought the mortgage portfolio of Sainsbury’s Bank for £464m as speculation over the future of the UK’s mid-sized lenders continues. The portfolio contains around 3,500 customers and is worth nearly £480m. The deal’s completion comes after months of negotiations, with reports earlier in the year suggesting talks between the two had [...]
Aviva, L&G and Admiral to report next week as long-time insurance boss Sir Nigel Wilson eyes exit August 11, 2023 Investors will need to figure out the impact of new accounting rules next week as three of the country’s biggest insurers report their financial results. It will also be the final set of half-year results for Legal & General boss Sir Nigel Wilson, who is set to depart later in 2023. “Sir Nigel steps down [...]
Crypto exchange Bittrex coughs up $24 million to settle SEC charges August 11, 2023 Cryptocurrency exchange Bittrex has agreed to pay $24 million to settle Securities and Exchange Commission charges.
Strong services drive US producer prices higher in July as Fed expected to keep rates steady August 11, 2023 U.S. producer prices increased slightly more than expected in July as the cost of services rebounded at the fastest pace in nearly a year, but the trend remained consistent with a moderation in inflationary pressures. The producer price index for final demand rose 0.3 per cent last month, the Labor Department said on Friday. Data [...]
Soho House: Waiting list for celebrity haunt at ‘all-time high’ with 95,000 in line August 11, 2023 The wait list to secure a place at private members club Soho House has risen to “all-time high” with approximately 95,000 deep-pocketed individuals eager to secure a place at the spot globally. Soho House & Co Inc. the business behind the luxury hub, revealed its growing demand as part of its second quarter results – [...]
After the economy grew again, will Bank of England’s rate hikes tip the UK into recession? August 11, 2023 The UK economy grew faster than expected in June, expanded 0.5 per cent, helping to bring growth in the second quarter to 0.2 per cent – but analysts are divided about what the figures say for the coming months. Growth in June was given a boost by a strong performance from the production sector, which [...]
