Sunak should be modelling his fiscal rules on Clem Attlee’s, not Margaret Thatcher’s June 28, 2023 Debt and inflation are nothing new, but economic conditions today are very different from the past. To get out of the current sandstorm, Sunak should follow the lessons of Clem Attlee writes Paul Ormerod
A successor to Putin is just as likely to be an aggressor to the West if we’re not careful June 28, 2023 The Wagner Group attack over the weekend is proof that Vladimir Putin won't survive the war in Ukraine. But the West should be concerned about who could come next, writes Daniel Sleat
Vitol and Gunvor rake in Russian oil profits a year after Ukraine invasion June 27, 2023 Energy traders Vitol and Gunvor are still buying refined Russian oil, despite pledges to cut ties with Kremlin-backed suppliers.
Johnson’s ‘unambiguous’ breach over Daily Mail column shows need for reform, Tory peer warns June 27, 2023 Boris Johnson’s “unambiguous rule breach” over his Daily Mail column shows the urgent need to reform the approach to post-ministerial jobs, the government has been warned. Advisory Committee on Business Appointments (Acoba) chairman Lord Eric Pickles wrote to deputy prime minister Oliver Dowden with his concerns today. The Conservative peer said the former prime minister’s [...]
Tories won’t probe groping claim against London mayoral hopeful Daniel Korski June 27, 2023 The Conservative Party has indicated it won’t open an investigation into an allegation of sexual assault by Tory mayoral candidate Daniel Korski. The party told the PA news agency that it “does not conduct investigations where the party would not be considered to have primary jurisdiction”. Daisy Goodwin, a TV producer and novelist, wrote in [...]
Odey Asset Management in ‘advanced talks’ to transfer funds to SW Mitchell Capital June 27, 2023 Odey Asset Management (OAM) is in “advanced talks” to transfer funds to rival SW Mitchell Capital as it reels from sexual assault allegation against its founder Crispin Odey. In a letter seen by City A.M., the beleaguered hedge fund wrote to investors saying it was in discussions over the transfer of four of its European [...]
BAE Systems and Babcock set to meet with ministers over ESG investment concerns June 27, 2023 Ministers are set to hold talks on Wednesday with the bosses of a number of major defence companies, over concerns that socially conscious investing is hurting the sector. Andrew Griffith, the economic secretary to the Treasury and James Cartlidge, defence procurement minister, will meet bosses from BAE systems, Babcock International and QinitiQ tomorrow, Sky News [...]
Aston Martin aims to quadruple profit within five years under new strategy June 27, 2023 Aston Martin outlined plans today to double revenues and quadruple profits within the next five years, as the firm bolsters its electrification strategy and continues to ride the wave of a recent share price surge. At its capital markets day, the marque told shareholders it would aim for revenues of £2.5bn and EBITDA of £800m [...]
London fintech Upp. pockets $10m as it eyes global expansion June 27, 2023 London-based fintech Upp. has secured $10m (£7.8m) in seed funding as its artificial intelligence and machine learning model wins over investors. The startup, which uses AI to automate online retail, has garnered support in a funding round spearheaded by Californian venture capital firm Bonfire Ventures. Mark Mullen, co-founder of Bonfire Ventures, said Upp. is “the [...]
FTSE 100 close: Asia stock surge lifts London index as Wise soars 16 per cent June 27, 2023 London’s FTSE 100 regained ground today, taking its lead from a decent overnight session in Asia that was aided by Chinese lawmakers signalling economic support measures are on the way. The capital’s premier index jumped 0.11 per cent to 7,461.47 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
