Explainer: Does it matter if Rishi Sunak goes to the UN? August 4, 2023 It won’t lose him any votes, but it is a symbol of the future of Sunak’s politics.
City regulator responds to Hunt’s de-banking letter and will report back by September August 4, 2023 The City regulator will outline the scale of the so-called ‘de-banking’ scandal next month, in response to a letter from the Chancellor last night. Writing to Jeremy Hunt, the Financial Conduct Authority acknowledged his “request of areas to cover” in an investigation into the row, and that it was “in line with our plans”. The [...]
EP: 220 Glorious Goodwood – Saturday August 4, 2023 The Group 2 Lillie Langtry Stakes and the highly competitive Stewards’ Cup Handicap sprint are the feature races on the final day of Glorious Goodwood 2023. City AM Racing editor Bill Esdaile previews the best of Saturday’s racing action from the West Sussex track. Hosted by Chris Barnett. The Punter ‘The Punter’ has been City [...]
Parity shares surge 13 per cent after gloomy update and job cuts mooted August 4, 2023 Shares in data and technology recruitment company Parity rallied on Friday morning after it announced it was chopping revenue guidance for its upcoming trading update. Parity group’s shares spiked over 13 per cent on Friday morning even after it said it expects revenue in the first half of 2023 to decline 10 per cent from the [...]
UK construction sector rebounds as uptick in commercial projects offsets housebuilding decline August 4, 2023 The UK’s construction sector rebounded in July as an uptick in commercial building and civil engineering work offset sharp falls in residential housebuilding. The latest S&P Global/CIPS construction purchasing managers’ index scored 51.7 in July, up from 48.9 in June and the highest level for five months. Any score above 50 indicates the sector is [...]
Amazon forecasts bright third quarter on resilient cloud sales and shopping trends August 4, 2023 Amazon reported sales growth and profit that beat expectations as the company delivered goods faster and more cheaply to shoppers while recent cloud-computing headwinds began to subside. Amazon’s Wall Street shares surged nine per cent on the news, extending its stock market value more than $120 billion in after-hours trading. On the FTSE 100 index, [...]
There are crypto scams and greedy grabbers, but Bitcoin keeps proving itself to be above it all August 4, 2023 Despite having his feet up on the edge of the pool, cold beer in hand, Jason Deane somehow finds the time for some Bitcoin contemplation.
Apple earnings top analysts’ forecasts but year-over-year sales drop again August 4, 2023 Apple made a slightly higher profit last quarter even though sales dipped during the period – a time during which the iPhone maker became the first publicly held company in the US to be valued at 3 trillion dollars. The results released on Thursday covered April to June, the third consecutive quarter that Apple has posted a year-over-year [...]
Capita shares plummet 11 per cent as contractor reveals cyber attack cost £25m August 4, 2023 Capita shares slumped 11.4 per cent on Friday morning after it said a recent data breach could cost it up to £25m. The government contractor, which provides data and IT outsourcing processes, said this morning it expects a major cyber attack in March could cost it £20-25m, as an investigation nears its close. This figure is [...]
FTSE 100 close: London markets flat as WPP shares slide on tumbling profits August 4, 2023 FTSE 100 was flat on Friday ending the week in subdued fashion, as advertising giant WPP’s tumbling profits led to its share price sliding. London’s flagship index was hovering between being up and dipping into the red throughout the day, and finished up at the close by almost half of one per cent. Meanwhile the [...]
