Waitrose woman? Who needs her. We’ve got gamer dads driving an industry boom June 26, 2023 The slightly shameful stereotype of a lone gamer in his mum’s house has transformed into a 35-year-old middle class dad, giving rise to a rebirth of the industry, writes Dominic Grounsell
We used to overlook tourism in the City, now it must become the key to its recovery June 26, 2023 Can we make the City more than just the business district of London?
Five-year prison sentence for man who hacked Twitter accounts of Kanye West, Elon Musk and Joe Biden in Bitcoin scam June 26, 2023 A British national who was involved in a crypto scam that hacked into the accounts of celebrities has been jailed for five years.
London-listed shipbroker Braemar risks share suspension over delayed accounts June 25, 2023 Shares in London-listed shipbroker Braemar could be suspended if it further delays the publication of its full-year results. Braemar said in a statement last month that it will publish its accounts for the year ending 28 February “in the second half of June 2023”. But, according to a report by Sky News, the business is [...]
European resolution authority calls for greater ‘firepower’ as watchdogs around the world consider reform June 25, 2023 An influential European banking regulator has called for more powers to help it address risks in the system revealed after the collapse of Silicon Valley Bank (SVB) and Credit Suisse earlier this year. Speaking to the Financial Times, Dominique Laboureix, chair of the European Union’s Single Resolution Board (SRB), said European authorities needed to return [...]
Whole Foods: Inflation takes bite out of Amazon owned grocery store June 25, 2023 The Amazon-owned UK division of Whole Foods has seen a rapid decline in earnings for the year as soaring inflation makes Brits hesitant to fork out on its pricey goods. Whole Foods UK reported operating losses of £26.9m up from £17.2m the prior year and its sales also fell to £91.6m down from £94.3m. Amazon [...]
Bank of England and others may have to keep rates ‘higher for longer’ to crush inflation June 25, 2023 The Bank of England and the rest of the world’s top monetary authorities’ fight against roaring inflation “is not yet done,” one of the globe’s leading economic institutions has warned. In its annual analysis on the state of the world economy released today, the Bank for International Settlements (BIS), often referred to as the “central [...]
Labour now 25 points clear of Tories as mortgage rates batter Rishi Sunak’s party June 25, 2023 Labour has posted its biggest lead over the Conservatives since March, new polling data has revealed, as the public grows increasingly tired of the government’s perceived mismanagement of the economy. Labour’s vote share jumped four points to 47 per cent, giving the opposition party a 25 point lead over the Tories, according to fresh polling [...]
Fast-growing logistics outfit Shift to pick up pieces of Tuffnells June 25, 2023 An up and coming logistics firm is understood to have snapped up pieces of delivery giant Tuffnells Parcel Express, following its collapse earlier this month placing 2,000 jobs at risk. Shift, which was launched five years ago by 29 year old Jacob Corlett has acquired the brand and intellectual property of the British delivery service, [...]
M&G in push to expand reach of flagship fund onto continent June 25, 2023 M&G is in talks with big European financial firms to bring its flagship £58bn PruFund range onto the continent, City AM understands The FTSE 100 listed money manager is seeking partnerships in France and Germany. Under the partnerships, the PruFund model would be used to sell products under new names. The expansion would build on M&G’s [...]
