‘Greedflation’ not to blame for UK price surge, former rate setter claims May 15, 2023 “Greedflation” is not to blame for prices surging in the UK and instead businesses are pushing up prices in response to soaring costs, a former Bank of England rate-setter claimed today. Michael Saunders, an ex-member of the monetary policy committee – the nine strong group that sets interest rates in Britain – and now senior [...]
Royal Mail delivery target failures to be investigated by Ofcom – and a fine could be dished out May 15, 2023 Regulator Ofcom said it has launched an investigation into Royal Mail’s failure to meet its delivery targets in the past year – and could hand out a fine. The British delivery firm fell short of its performance targets across the 2022 to 2023 financial year for first and second class mail and deliveries. Some 73.7 [...]
US debt ceiling crisis galvanises Bitcoin’s safe haven status May 15, 2023 Nigel Green explains how the US is facing a deep crisis over its debt ceiling limit that could unlock more bullish sentiment towards Bitcoin.
EY plots leadership reshuffle after Big Four firm’s break-up plans scrapped May 15, 2023 EY is planning to alter the leadership team of its UK operations just weeks after it scrapped plans to break-up its audit and consulting business. The Big four accountancy firm’s UK managing partner Alison Kay, one of the top executives in Britain and a likely candidate for the role of boss, will move to a [...]
EU top body lifts economic growth forecast saying Europe dodged dreaded recession May 15, 2023 The European Union’s executive body has raised its economic growth forecast, saying Europe has dodged a winter recession that was feared amid an energy crisis. The outlook for the 20 countries using the euro currency improved to growth of 1.1 per cent this year from 0.9 per cent in the previous predictions in February, the [...]
Why Shapella looks like a game changer for Ethereum May 15, 2023 Dr Sreejith Das, CEO and co-founder of Attestant, explains why he believes Ethereum's Shapella upgrade is an important crypto milestone.
George Osborne to chair Italian investment firm Lingotto May 15, 2023 Lingotto Investment Management, backed by Italy's Agnelli family, has hired former Chancellor George Osborne and veteran fund manager James Anderson, the firm revealed on Monday.
Center Parcs put up for sale with owner Brookfield eyeing a £5bn price tag May 15, 2023 Center Parcs’ owner Brookfield has reportedly put the UK holiday resort up for sale. The Toronto-based private equity firm is hoping to fetch between £4bn and £5bn for the company, the Financial Times reported today. Center Parcs operates six major holiday villages in the UK and Ireland, in counties including Wiltshire, Cumbria and Bedfordshire. The [...]
Gold miner Newcrest backs $17.8bn takeover offer from rival Newmont May 15, 2023 Australian gold miner Newcrest Mining Ltd said on Monday it would back Newmont Corp’s A$26.2 billion ($17.8 billion) takeover offer in one of the world’s largest buyouts so far this year. The deal, subject to approval from shareholders of both companies and other regulatory hurdles, would lift Newmont’s gold output to nearly double its nearest [...]
Starmer defends plans to give EU citizens and 16-year-olds the vote despite election ‘rigging’ claims May 15, 2023 Sir Keir Starmer has indicated it is “common sense” to allow EU nationals who have worked for years in the UK to vote in a general election, as Labour considers extending the franchise. The Opposition leader said it “feels wrong” that people who have contributed to Britain’s economy and raised their children in the country [...]
