House building craters to weakest level in 14 years amid Bank of England interest rate rises July 6, 2023 The Bank of England’s series of aggressive interest rate hikes to pull back raging inflation is wreaking havoc on house building, dealing a blow to first time buyers hoping to get on the property ladder any time soon, a closely watched survey out today shows. According to S&P Global and the Chartered Institute of Procurement [...]
Crisis-hit LME hires ex-London Stock Exchange chief to manage clearing house July 5, 2023 LME Clear has turned to a former London Stock Exchange chief executive as it scrambles to restore investor confidence.
FTSE 100 close: London index muted amid Wall Street shut down for 4th July as Wizz Air soars July 4, 2023 London’s FTSE 100 was muted on a quiet trading day globally due to Wall Street being shut for US Independence Day. The capital’s premier index edged 0.10 per cent lower to 7,519.73 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.14 per cent [...]
MPs to probe if SMEs can get cash they need – or if the government should step in July 3, 2023 The Treasury Committee has launched a new inquiry into the problems small and medium-sized enterprises (SMEs) face in accessing financing. Over the next couple of months the cross-party group of MPs will explore issues in the industry and how regulation and government can respond. Harriett Baldwin, chair of the Committee said: “Small businesses are the [...]
Sue Gray: Partygate investigator broke Whitehall rules with Starmer talks July 3, 2023 Partygate investigator Sue Gray broke civil service rules “as a result of the undeclared contact” between her and the Labour Party, according to a Whitehall investigation. The former senior civil servant is due to take up the role as opposition leader Sir Keir Starmer’s chief of staff after being cleared to start the job in [...]
Thames Water woes expose wretched debt-plagued industry July 3, 2023 Thames Water is in serious trouble, but its problems reflect challenges with debt and sewage spills across the industry.
No teas or coffees for shareholders at M&S AGM as chairman tells them to go digital July 2, 2023 Attendees of the Marks & Spencer AGM on Tuesday will not be served any refreshments or get a chance to speak to bosses face to face, as it looks to take the event totally digital. The Percy Pig maker had advised shareholders not to travel to the company’s AGM on Tuesday, with shareholders who do [...]
Greater investment than predicted as UK economy grows by just 0.1 per cent June 30, 2023 The UK economy grew marginally over the first quarter of the year, driven by increases within the services sector, according to official data. UK gross domestic product (GDP) edged up by 0.1% between January and March, the Office for National Statistics (ONS) said. The ONS had already indicated growth of 0.1% in May, but on [...]
Vodafone CEO: A merger with Three isn’t a threat to national security or competition June 30, 2023 Vodafone chief executive Ahmed Essam has defended plans to merge with Three.
British Lithium team ups with French miner to develop Cornish mega mine June 29, 2023 British Lithium has teamed up with French minerals specialist Imery to develop a mine capable of powering half a million cars per year.