Sunak’s net zero pragmatism must include plan to beat nimbys after Sizewell C fiasco September 25, 2023 Government hopes of finally luring investors to proposed nuclear power plant Sizewell C were dealt a fresh blow last week.
Asos: All eyes on pandemic poster child’s turnaround results September 24, 2023 Investors will turn their focus to online retailer Asos’s trading update on Tuesday to see if the digital fashion store has shown signs of a rebound, following its ongoing turnaround plan and bid to pick up the pieces after a post-pandemic lull. Asos was once the poster child of pandemic success, at its height buying [...]
Wall Street suffers more pain at end of worst week in six months September 23, 2023 Wall Street wheezed to more losses on Friday as it limped to the end of its worst week in six months. The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall [...]
Sunak reportedly considering ‘outlawing cigarettes for the next generation’ September 23, 2023 Downing Street has not denied reports that the Prime Minister could accept a recommendation that would effectively ban cigarettes for the next generation. Rishi Sunak is considering introducing some of the world’s toughest anti-smoking measures by steadily increasing the legal age for consuming tobacco, according to The Guardian, which cited Whitehall sources. Last year a [...]
Ukraine ‘launches missile strike on headquarters of Russia’s Black Sea fleet’ September 22, 2023 Ukraine has carried out a missile strike on the headquarters of Russia’s Black Sea fleet, with one serviceman missing, the Russian defence ministry has said. The Russian-installed governor of Sevastopol, Mikhail Razvozhayev, said no one was injured outside the burning headquarters but did not provide information on other casualties. Firefighters battled the blaze and more [...]
Retailers put all their chips on inflation cooling during golden Christmas run-up September 22, 2023 A better than expected inflation reading, and growing consumer confidence and sales, have offered a glimmer of hope for the UK’s retail sector, as they turn their focus to the vital Christmas trading months. According to today’s ONS figures, retail sales volumes rose by 0.4 per cent in August 2023, partially recovering from a fall [...]
Wall Street: US stocks plunge on fears that interest rates will stay high September 22, 2023 Wall Street fell sharply in an ugly day for stocks worldwide on expectations that US interest rates will stay high well into next year. The S&P 500 lost 1.6 per cent for its worst day since March. That followed a drop of 0.9 per cent from Wednesday after the Federal Reserve indicated it may cut [...]
Murdoch’s long shadow September 22, 2023 Rupert Murdoch will stand down from News Corporation in November.
Sunak climbdown a ‘reality check’ for UK’s net zero ambitions, says energy boss September 21, 2023 Rishi Sunak's rowback of green pledges was a "reality check" for net zero, the chief regulator of gas distribution company Cadent said.
Inside London Design Festival’s amazing St Paul’s Cathedral light installation September 21, 2023 Priests say the London Design Festival’s Aura installation “enhances” the 300-year-old St Paul’s Cathedral. It’s one of the only times the Cathedral has welcomed artists in to create in the space A minutes’ walk from Bank Tube station, twenty City workers cower from the rain. They’re standing in front of a rotating metal orb, watching [...]