Brixton Academy: Petition to save venue heads towards hundreds of thousands May 2, 2023 An online petition to save the O2 Academy Brixton has surpassed 50,000 signatures. The south London music venue faces permanent closure after the Metropolitan Police urged the council to strip the venue of its licence. It comes after two people were killed on December 15, when fans without tickets tried to enter a show by [...]
House prices rise for the first time in seven months but analysts still expect a rough ride May 2, 2023 The housing market showed “tentative” signs of recovery in April as the price of homes rose 0.5 per cent during the month, however prices remain four per cent below their August 2022 peak. The Nationwide house price index showed that the annual rate of house price growth improved to -2.7 per cent from -3.1 per [...]
HSBC share price soars after profit surge and bumper buyback May 2, 2023 HSBC has announced its first quarterly dividend since the pandemic and a $2bn share buyback.
Alibaba founder Jack Ma ditches tech for teaching May 2, 2023 Alibaba founder Jack Ma has taken up a university teaching position, in a shift away from his sprawling tech businesses and one of the first public roles he has assumed after almost three years of keeping a low profile. Ma joined Tokyo college, run by the University of Tokyo, as a visiting professor on Monday, [...]
Berkeley Homes to sue Michael Gove for ‘irrational’ decision to block Kent housing development, reports May 2, 2023 Berkeley Homes, one of the UK’s biggest housebuilders, has taken Michael Gove to court over his decision to block one of its developments because he did not like the look of the homes. The housing secretary overruled planning inspectors and refused permission for a 165-home development in Kent over claims about generic properties, according to [...]
BP unveils further bumper profits as oil and gas price hikes continue to fuel energy giant’s earnings May 2, 2023 BP has unveiled its second-highest first-quarter profit in more than a decade, posting healthy earnings over its first three months of trading.
Jet-setting Brits ready for summer but it’s oil prices that could really take off May 2, 2023 Resurgent demand in the world’s most developed economies could prove to be a major tailwind for oil prices.
Mayoral Elections 2024: Who is in the frame to run against Sadiq Khan? May 2, 2023 London Conservatives are set to agree a candidate by the end of July to face off against Sadiq Khan in next year’s mayoral elections, it has emerged. Tory chiefs met earlier this week and agreed to fast-track the process, as campaigning begins to ramp up ahead of the City Hall vote to be held in [...]
UK lenders shun emergency Bank of England lending scheme after Credit Suisse collapse May 2, 2023 There was no take up of the Bank of England’s emergency funding scheme in the period it was open daily to lenders as UK banks weathered the storm following the collapse of Silicon Valley Bank (SVB) and Credit Suisse. In coordination with other monetary authorities around the world, Threadneedle Street increased the frequency of its [...]
Take your seat for the Bank of England, Federal Reserve and central banks’ final act May 2, 2023 This is the final act in central banks’ aggressive interest rate hike cycle. Well, so say most analysts at the moment.
