London Underground set for more disruption as drivers back more walk-outs August 9, 2023 London Underground train drivers at several companies have voted to continue industrial action in their long-running dispute over pay. Aslef said the results of new ballots for strikes on passenger services in England and on London Underground showed continued support from drivers. Mick Whelan, general secretary of Aslef, said: “The results of these new ballots [...]
Sony warns sales will be hit by Hollywood strikes August 9, 2023 Japanese tech giant Sony lowered its full-year sales forecast today warning that the ongoing Hollywood strikes will wreak havoc with movie production schedules. In a trading update, Sony revised its annual movie sales forecast down 50bn yen to 1.47trn yen (£8bn). Sony blamed the potential lower revenues on the impact of actors and writers staking [...]
Global insurers left with $50bn natural disasters bill after wave of severe US storms August 9, 2023 Global insured losses from natural disasters have reached $50bn so far this year, with severe US storms accounting for almost 70 per cent of the costs, according to new data. The main driver in the spike in insured losses was severe thunderstorms in the US, which accounted for 68 per cent, about $34bn, of all [...]
Gatwick Airport expecting ‘severe disruption’ as fresh August Bank Holiday strikes announced August 9, 2023 Gatwick Airport is facing “severe disruption” with fresh industrial action later this month, as 230 ground handlers and passenger assistance workers will walk out in a feud over pay. Members of the Unite Union will strike on eight separate days – between Friday 18 August and Monday 21 and Friday 25 and Monday 28 – [...]
Bitcoin’s short-lived breakout lacks momentum August 9, 2023 The cryptocurrency markets saw a brief breakout yesterday, with the price of Bitcoin popping back above $30k for the first time in two weeks.
Secure Trust Bank: New loans surge as lender eyes expansion August 9, 2023 Secure Trust Bank recorded a significant increase in lending in the first half of the year as it sets its sights on continued expansion over the next few years. The specialist bank reported lending growth of 8.2 per cent in the first half of the year, bringing its lending balances to £3.2bn. Three of the [...]
Amazon eyes anchor investor role ahead of Arm IPO August 9, 2023 Amazon is reportedly in discussions to become an anchor investor in Arm as the chip designer gears up to go public. The technology giant is joining the likes of Alphabet, which owns google, and semiconductor companies Nvidia and Intel in the queue to become a major investor in Cambridge-based Arm, according to Reuters. Arm plays [...]
FTSE 100 close: London markets rise despite Chinese deflation August 9, 2023 London’s markets closed higher on Wednesday as a toning down of Italy’s windfall tax on banks calmed investors despite more negative news from China. The FTSE 100 closed 0.80 per cent higher at 7,587.30 while the midcap FTSE 250, which is more aligned with the health of the domestic economy, ended 0.51 per cent higher [...]
Lyft loses ground on Uber as cost cutting bid fails catch now profitable rival August 9, 2023 Lyft shares slip in the US after its aggressive cost-cutting strategy in a bid to steal market share from rival Uber failed to chime with investors. Shares in the US-listed platform closed around 10 per cent lower, after it noted a drop in total revenue per active user of 5 per cent to $47.51 (£37.21) [...]
John Lewis hires Google Cloud to supercharge digital revamp in £100m deal August 9, 2023 John Lewis is trying to get back on its feet by partnering with Google to drive its digital revamp, and shift away from high-street reliance. Valued at £100m, the partnership aims to improve the efficiency of John Lewis and Waitrose employees, enabling them to provide a better customer experience. Struggling high street favourite John Lewis [...]
