US officials lead urgent rescue talks for First Republic April 28, 2023 US officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank’s advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and the Federal Reserve are among government bodies that have in recent days [...]
Gymshark chief brands UK ‘a great place to do business’ as firm eyes expansion April 28, 2023 Despite much criticism about the UK’s high level of corporation tax and struggling capital markets, the boss of sportswear brand Gymshark said today the Britain is a “great place to do business.” Asked by LBC’s Nick Ferrari, how easy is it to start and to grow a business in the UK, chief executive Ben Francis [...]
Our relationship with China has been overhauled, but it’s still a crucial one for the City April 27, 2023 Next Monday, Virgin Atlantic planes between London Heathrow and Shanghai will resume. This reopens many symbolic and actual possibilities for our relationship with China, writes Juha Jarvinen
PMQs Sketch: Rishi and all his (non) Doms April 26, 2023 If you were to traipse through Rishi Sunak’s nightmares for a night or two, it would be a series of Doms coming and going.
Bank of England interest rate hikes would squeeze Jeremy Hunt’s room for tax cuts by £8bn, City economist claims April 26, 2023 The Bank of England could squeeze Chancellor Jeremy Hunt’s room to cut taxes in the run up to the next general election if it keeps hiking interest rates to tame inflation, a City economist has calculated. Officials at Threadneedle Street would swell Britain’s debt interest bill by around £8bn if they send borrowing costs to [...]
King’s Coronation: Where to watch in London, from pubs to parks April 26, 2023 Break out the bunting – it’s time to decide how you’ll be celebrating the King’s Coronation. Here are some tips, from long lunches to the pub The Coronation is almost within touching distance, with just over a week until the biggest royal celebration since the Platinum Jubilee. If you haven’t nailed down your plans yet, [...]
Sunak arrived late to the business charm offensive and still can’t catch up April 26, 2023 Rishi Sunak spent Monday flirting with business leaders, but Keir Starmer and Rachel Reeves are still winning the battle to court corporates.
FTSE 100 close: London ends down ahead of Google and Microsoft results as Primark owner slumps April 25, 2023 London’s FTSE 100 was dragged lower today as investors fretted over the state of a batch of big tech results on Wall Street rolling in over the coming days. The capital’s premier index shed 0.27 per cent to drop to 7,891.13 points, while the domestically-focus mid-cap FTSE 250 index, which is more aligned with the [...]
Bank of England’s Huw Pill: Brits ‘need to accept’ they’re poorer April 25, 2023 Bank of England's chief wonk says Brits need to accept they're poorer - or risk stoking further price hikes
Drax shuts down coal operations, so will the UK have enough energy this winter? April 25, 2023 Drax has closed the curtain on its coal operations, putting the government under more pressure to secure supplies ahead of winter.