Explainer: when online fads take a dark turn, from planking to TikTok August 15, 2023 Police boss sees social media challenges as 'societal breakdown'.
FTSE 100 close: Wage growth fuels rate fears as M&S soars and B&M drops on Wilko speculation August 15, 2023 London’s FTSE 100 ended Tuesday down more than 1.6 per cent, as record-breaking wage growth fueled speculation of a 15th straight Bank of England rate hike. The capital’s blue-chip index was down 1.63 per cent by close of play to to 7,384.94, weighed down by listed investment firm Abrdn, down three per cent, alongside Pheonix [...]
Solar body urges government to expand boiler scheme and mandate new panels after record installations August 14, 2023 The government should expand the upgrade scheme for boilers with higher grants and mandate solar panels in new homes, says industry body MCS.
Apple supplier Foxconn cautious despite beating earnings forecasts August 14, 2023 Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector – but the firm retained a cautious outlook for this year due to global economic uncertainties. The world’s largest contract electronics maker downgraded its outlook for full-year revenue to a slight decline from a previous guidance of flat as it [...]
Santander becomes latest bank to cut mortgage rates amid falling inflation August 14, 2023 Santander has become the latest high street lender to reduce the rates of its mortgage deals, following a stream of other cuts by fellow banks last week, in a signal of hope for prospective buyers. On Monday, the bank cut its selected residential purchase and remortgage fixed rates by between 0.05 per cent and 0.29 [...]
Forget Jack Daniel’s: discovering the real whiskey history in Nashville Tennessee August 14, 2023 Forget Jack Daniel’s, the real whiskey pioneer is the African-American who taught him. Josh Barrie raised a dram to a Nashville legend He’s in a cowboy hat and has a gun at his hip and he’s giving out swigs of moonshine liquor. This is Dan Call Farm, Shelbyville, the birthplace of Tennessee whiskey. At least [...]
“The markets are better”: Why YouGov is considering ditching London for New York August 14, 2023 London's equity markets are at risk of another high-profile departure after YouGov's boss said he was considering a New York departure
Dorking on the rise: Wanderers boss on investing in Championship dream August 14, 2023 The National League has long been the gateway to English football’s professional divisions and has recently been at the centre of an international portrayal of the beautiful game. Wrexham’s promotion from the division – which this season spans Fylde to Southend, Gateshead to Eastleigh – was documented in a series commissioned by their celebrity owners [...]
Versace owner Capri snapped up by Coach’s Tapestry in £6.6bn mega-deal to challenge LVMH August 11, 2023 Tapestry, the American fashion giant behind luxury brands such as Coach and Kate Spade, has agreed to buy Capri the owners of designer Versace in a $8.5bn (£6.6bn) deal. The merger will form a larger fashion conglomerate which will rival the likes of LVMH, the multibillion pound business behind designers such as Louis Vuitton and [...]
Wilko may look like Woolies 2.0, but a new buyer should save it from collapse August 11, 2023 Wilco’s collapse into administration put tens of thousands of jobs at risk, but the high street staple should have a future if a buyer sees beyond the hysteria, writes George MacDonald.