Explainer: Mark Rowley vs the government on sacking abusive Met officers August 10, 2023 The Met police is under the spotlight again, but this time, it’s because its chief Sir Mark Rowley has openly accused the government of standing in the way of getting rid of abusive officers within the force. Rowley, who became the Met commissioner last September, has made it his mission to clear up the force. [...]
Savills’ share price tumbles as estate agent warns over health of housing market August 10, 2023 Savills’ share price has plummeted after the estate agent blamed “obvious challenges” in the housing market for slumping revenues in the first half of the year. As rising mortgage rates knocked buyer confidence, the real estate advisor said group profit before tax fell to a weak £6.0m in the first six months of the year [...]
HSBC blasted by experts after ‘shooting itself in the foot’ over customer crypto limits August 10, 2023 HSBC has been accused of shooting itself in the foot after dramatically cutting back its limits on how much money customers can invest on cryptocurrency exchanges.
Bitcoin takes a peek above $30k while the SEC appeals Ripple ruling August 10, 2023 Bitcoin is trading for around $29.5k after a short-lived breach of the $30k level, yesterday, while ETH continues in the $1.8k range.
Watches of Switzerland: Tourist tax ‘biggest single frustration’ for UK retailers August 10, 2023 The government’s decision to scrap VAT-free shopping for tourists is continuing to hold UK retailers back, Watches of Switzerland has warned. Chief executive of the FTSE 250 luxury watch seller Brian Duffy told City A.M. it was “probably the biggest single frustration” for the British retail sector. “I was in Italy this weekend and the [...]
London Tube journeys propelled to above pre-pandemic levels thanks to Harry Styles and the Ashes August 10, 2023 A blockbuster summer of events, coupled with booming tourism, has seen journeys on London’s network of tubes, buses and trains exceed pre-pandemic levels on multiple occasions this year. Stations in central London are regularly hitting pre-pandemic levels of traffic at the weekend, and often exceeding them, according to figures from Transport for London (TfL). Tube [...]
Arrears continue to rise as higher rates pour pain onto borrowers August 10, 2023 Arrears continued rising in the second quarter as customers struggled with soaring repayment costs, new data shows. According to figures from industry body UK Finance, there were 81,900 homeowner mortgages in arrears of more than 2.5 per cent in the second quarter, seven per cent more than the previous quarter. Within this, 30,940 mortgages were [...]
Harry Kane: Premier League Spurs agree deal in principle for €100m+ Bayern Munich Bundesliga move August 10, 2023 Harry Kane may be heading to Bayern Munich this season after Tottenham Hotspur agreed a deal in principle that would see the England international fetch £86m. The deal was confirmed by the Athletic’s David Ornstein on Thursday, citing sources in Germany. According to the publication, Kane, 30, has been leaning towards staying but must now [...]
Neptune Energy lowers investment expectations amid ‘increasingly volatile’ commodity prices August 10, 2023 Neptune Energy has downgraded expectations for investment amid increasingly volatile commodity prices and sustained inflationary pressure.
Lotus drives to record year as Geely takeover bears fruit August 10, 2023 Lotus has produced a record number of sports cars in the first half of the year, as its takeover by Chinese carmaker Geely begins to bear fruit. The British automaker said it had built 2,200 of its Lotus Emiras so far at its factory in Hethel, Norfolk, marking a colossal 381 per cent increase year-on-year. [...]
