Tudor’s new Jura Mountains facility places it at the bleeding edge of watchmaking June 16, 2023 There’s a valley in the Swiss Jura mountains, bordering France, fondly known as ‘Watch Valley’. At the easternmost end you’ll find the gridded Art Nouveau streets of La Chaux-de-Fonds, Europe’s highest city and home to Breitling, Girard-Perregaux, Cartier et al. Drive southwest to equally sleepy Le Locle at the other end and you’ll find Zenith, [...]
FTSE 100 close: London index reverses losses as Bunzl struggles June 15, 2023 London’s FTSE 100 was dragged lower today by investors piling out of outsourcer Bunzl despite the firm this morning raising its revenue forecast before reversing losses in the afternoon session. The capital’s premier index jumped 0.34 per cent to 7,628.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
Bailey holds the torch for a proud UK tradition – failing our monetary policy June 15, 2023 Andrew Bailey and the economists at the Bank of England are part of a long line of people who have failed Britain’s monetary policy, writes Will Cooling
Why Royal Ascot should never lose its dress code June 15, 2023 Royal Ascot is encouraging attendees to “look beyond the rules” for fashion inspiration this year – but Eliot Wilson thinks a dress code fuels creativity Royal Ascot is one of the greatest glories of the Season. It is the event which has it all: royalty, tradition, glamour, fashion, money (won and lost) and the centre [...]
Oaknorth founder Rishi Khosla: Tall poppy syndrome, Tory rhetoric and why the UK is losing its lustre for fintech June 15, 2023 Rishi Khosla, chief of OakNorth, says the UK needs to celebrate the success of its fintech entrepreneurs
City firms are still digging their heads in the sand over sexual harassment June 15, 2023 The Odey's sexual harassment case is an example of how companies still think the "no comment" approach is the best one when they're hit by scandal, no matter the consequences, writes Simon Neville
The Square Mile and Me with Michael Barrington-Hibbert: ‘Headhunted’ at the market stall to a love for Leadenhall June 15, 2023 Each week we ask a City figure to take a trip down memory lane. Today, it’s Michael Barrington-Hibbert, founder and CEO of executive search firm Barrington-Hibbert Associates What was your first job? When I was 13 years old, I worked at a fruit and veg stall in Wembley after school which led to me being [...]
Federal Reserve pauses interest rate rise campaign as US inflation subsides June 14, 2023 The US Federal Reserve today held off on firing interest rates higher for the first time in over a year, electing to wait and see what impact prior increases have had on the world’s largest economy before straining households and businesses further. Chair Jerome Powell and the rest of the Federal Open Market Committee (FOMC) [...]
Royal Ascot runner goes Thunder the hammer June 14, 2023 Tom Marriott speaks to Jack Davison ahead of today’s ThoroughBid online auction of Royal Ascot runner Thunderbear. WALKING into the parade ring, or maybe even the winners’ enclosure, at Royal Ascot, with a horse running in your colours… the stuff that dreams are made of. At 3:05pm next Saturday, Thunderbear will line up in the [...]
US inflation slips to lowest level in two years and to more than half of UK rate June 13, 2023 Inflation in the US has fallen to its lowest level in two years, setting Britain even further out as suffering the toughest price pressures in the developed world, official figures out today show. Prices rose four per cent over the year to May, down from a rate of 4.9 per cent in the previous month, [...]