City minister slams British investors ‘defunding’ UK defence giants like BAE August 7, 2023 City minister Andrew Griffith has slammed UK investors’ decision to move away from the country’s top defence firms such as BAE Systems. According to data from the London Stock Exchange, reported by the Financial Times, fund managers based in the UK have cut their holdings in defence firms, including BAE Systems and Qinetiq, by around [...]
Friday’s GDP data ‘could be as good as it gets for a while’ August 7, 2023 Analysts expect UK GDP to have eked upwards in June, with official confirmation coming on Friday of this week. Resilience in consumer spending and better-than-expected PMI figures suggest the Office for National Statistics will declare the economy grew in June when it releases its monthly data later this week. Oxford Economics expects the ONS to [...]
Water firms face London Stock Exchange shorting from Canadian pension giant August 7, 2023 Water companies on the London Stock Exchange are being shorted by one of the world's largest pension schemes, according to the FCA.
Explainer: The first asylum seekers boarding the Bibby Stockholm barge August 7, 2023 The first asylum seekers boarded the Bibby Stockholm today. The barge, located in Portland, was chosen by the government to host 500 men waiting for a decision on their asylum application. The controversial plan has been plagued by delays – the first groups to arrive were expected much earlier in the summer, but worries over [...]
Virgin Atlantic pilots are tired and overworked, union warns as strike threat looms August 7, 2023 Virgin Atlantic pilots are tired and overworked, according to a survey by the UK’s pilots union, with over three quarters of the airline’s pilots saying they had flown with a tired colleague who was “clearly not fit to fly”. Over 88 per cent of the 900 pilots surveyed by British Airline Pilots’ Association (BALPA) had [...]
Ofcom: Jacob Rees-Mogg in focus as GB News shows probed over impartiality claims August 7, 2023 Ofcom has launched four investigations into GB News’s compliance with due impartiality rules, including one by Conservative politician Jacob Rees-Mogg. The UK media watchdog said it is looking at three programmes, including an episode of Rees-Mogg’s show State Of The Nation. This in relation to the regulator’s rule that politicians must not act as newsreaders, interviewers [...]
Reeds Rains owner expects ‘substantially lower’ profit due to tough mortgage market August 7, 2023 LSL Property Services, which owns estate agents Reeds Rains and Your Move, said it now expected the group's annual profit to be "substantially lower" due to subdued activity in the mortgage market.
Just Stop Oil’s demands are ‘contemptible’, says Starmer August 7, 2023 Just Stop Oil's demands to "turn off the taps in the North Sea" are "contemptible," said Labour leader Sir Keir Starmer.
Women’s World Cup: England beat Nigeria on penalties after Lauren James sent off for stamp August 7, 2023 The Lionesses narrowly beat Nigeria on penalties, after rising star Lauren James was dramatically sent off in extra time, for stamping on an opponent. England’s women the shootout against taking them to the last eight, after the game went 120 minutes without a goal. After both teams missed their first penalty, the Lionesses lashed home [...]
Saudi Aramco profit plummets 38 per cent… to $30.1bn August 7, 2023 Saudi Arabian state oil giant Aramco reported a near 38% drop in second-quarter net profit on Monday amid weaker oil prices and thinner refining and chemicals margins, as it boosted its dividend with a new performance-linked payout. Aramco’s net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 [...]
