Binance pulls plug on German crypto ambitions July 26, 2023 Binance has withdrawn an application to operate in Germany, citing significant changes 'both in the global market and regulation'.
Coca-Cola forecasts upbeat annual results on higher prices, steady demand July 26, 2023 Coca-Cola Co raised its annual revenue and profit forecasts after beating quarterly results on the back of higher pricing, with demand for its sodas remaining resilient at a time when consumers are cutting back on non-essential spending. The company’s shares rose about one per cent in premarket trading on Wednesday. The results point to steady [...]
Ofgem moves to shore up energy sector risk consolidating big firms’ market power July 26, 2023 Suppliers are facing tightening financial rules from regulator Ofgem, which is desperate to avoid a repeat of the domestic energy crisis.
Banks agree to protect freedom of expression after Farage furore July 26, 2023 Bank bosses today agreed to protect freedom of expression after they were hauled in for talks with City minister Andrew Griffith following the closure of Nigel Farage’s bank account. In a meeting today with bank bosses in the Treasury, representatives from Natwest, HSBC, Nationwide, Lloyds, Santander and Barclays committed to not ‘debank’ customers because of [...]
Aston Martin surges ahead of market expectations with £134m gross profit July 26, 2023 Aston Martin’s second quarter results raced past market expectations, as the marque benefitted from booming demand for a range of its newly unveiled makes. Revenues rose 23 per cent from £309m to £381.5m in the second quarter, while gross profit was up 29 per cent from £104.1m to £134.4m. Shares in the luxury carmaker rose [...]
Fish and chip-per: ‘Classic’ pub grub leads the way for Marston’s surging sales July 26, 2023 Marston’s thanked warmer weather in June and appetite for classic pub like fish and chips grub for a surge in like-for-like sales for the 16 weeks ended July. Unusually hot spells at the start of summer drove customers to pubs, with more people drinking and dining out hiking like-for-like sales by 10.9 per cent. Group [...]
Hunt tells banks and energy firms to use profits to support customers and avoid a ‘fiscal intervention’ July 26, 2023 Chancellor Jeremy Hunt has urged big banking and energy firms to use their profits to help customers with the cost of living crisis, and avoid intervention from the Government. In an article calling on corporations to support the public through Britain’s ongoing economic woes, he appealed to firms to be more responsible, pitching a “social [...]
Nissan and Renault reach alliance deal as China struggles mount July 26, 2023 Nissan will invest up to $663m (£513m) in Renault’s new electric vehicle unit, the automakers said on Wednesday, as they finalised terms of their restructured partnership after months of negotiation clouded by tension. Sealing the deal is likely to be seen as a positive. Talks between the two had dragged on months longer than expected, due [...]
Uniper upgrades outlook and considers state aid repayments after bailout July 26, 2023 Bailed-out Uniper expects billions of euros in profits in 2023 as a result of more favourable than expected gas price developments.
Bitcoin highs and lows tread a tight margin as investors await today’s interest rate call July 26, 2023 Yesterday’s highs and lows for the market leader were both around the $29k level, with Bitcoin today sticking to the same price range.
