Wall Street: US stocks inch higher before next week’s busy slate of updates June 10, 2023 US stocks inched higher on Friday to close a listless week for Wall Street, as investors wait for next week’s slate of potentially market-moving updates. The S&P 500 rose 4.93, or 0.1 per cent , to 4,298.86 to cap its fourth straight winning week, the Dow Jones Industrial Average added 43.17, or 0.1 per cent [...]
Have you seen him? City boss gets 14 years over £70m Ponzi scheme – but is on the run June 9, 2023 A City boss compared to the The Wolf Of Wall Street has been sentenced to 14 years’ imprisonment in his absence over a £70 million Ponzi-style investment scam. Anthony Constantinou, 41, went on the run during his seven-week Southwark Crown Court trial and is thought to be in Turkey or Dubai after being stopped in [...]
Softened windfall tax not enough to turn tide on falling North Sea investment, Hunt warned June 9, 2023 The government needs to do more than soften the windfall tax to reassure troubled North Sea oil and gas companies warned OEUK.
Everyone is talking about quiet luxury but there’s a problem June 9, 2023 Unless you have spent the first five months of 2023 on retreat or continuing your Second World War service for Imperial Japan, you will know that one of the most significant trends in the fashion world has been “quiet luxury” or “stealth wealth”. The concept is that the smartest of the smart are now dressing [...]
Wall Street: Bulls run again as S&P 500 climbs 20 per cent above October low June 9, 2023 Stocks rose just enough for Wall Street to barrel into a new bull market on Thursday as the S&P 500 keeps rallying off its low from last autumn. The index rose 0.6 per cent to carry it 20 per cent above a bottom hit in October. That means Wall Street’s main measure of health has [...]
Online shopping sales slump to lowest levels since before pandemic June 9, 2023 The cost of living crisis has hindered the online shopping sales boom with digital sales falling to their lowest levels since before the pandemic. The number of online sales fell by 3.3 per cent during May as punters, under the cosh, have had to cut down on the number of goods they buy from digital [...]
Link chief John Howells on bank branch closures, payments and the battle for cash June 8, 2023 Link's chief John Howells says the nation can't "abandon" its cash users.
Sunak in DC: Britain to host AI summit amid creators’ ‘nuclear war’ risks June 8, 2023 The UK will host the first global summit on artificial intelligence (AI) safety, Rishi Sunak announced ahead of talks on the issue with Joe Biden. The summit, which will be held in the autumn, will consider the need for international co-ordinated action to mitigate the risks of the emerging technology. Ahead of Thursday’s meeting with [...]
Boris ‘hosted friend’ at Chequers during lockdown – reports June 8, 2023 Boris Johnson and his wife Carrie hosted a close friend at Chequers in May 2021 for an overnight stay while some Covid-19 restrictions were still in place, according to reports. A spokesman for the former prime minister said that the visit was “entirely lawful”, after The Guardian newspaper reported that events organiser Dixie Maloney stayed [...]
Jimmy Choo: The shoes I still haven’t designed, and my fight to save London’s creative industry June 7, 2023 The name Jimmy Choo might remind you of Carrie Bradshaw’s shoe infatuation on Sex and the City – “No!” she cried in one episode, dropping her stilettos off the edge of the Staten Island Ferry. “My Choos!” What it’s unlikely to remind you of is the City of London. But Jimmy Choo has always lived [...]