Sunak and Zelensky discuss ramping up military support to Ukraine after ‘recent battlefield successes’ April 14, 2023 Rishi Sunak and Volodymyr Zelensky discussed ramping up military support to Ukraine in a phone call on Friday, Downing Street said. The Prime Minister told the Ukrainian president that Britain and its allies “needed to continue to ensure Ukraine was in the strongest possible position to build on its recent battlefield successes”. The two leaders [...]
JP Morgan profits up 52 per cent as it benefits from SVB chaos with influx in deposits of $37bn April 14, 2023 JP Morgan reported a surge in profit in the first quarter and an increase in deposits as the Wall Street giant weathered turmoil in the banking sector to deliver record results. Profit at America’s largest bank soared 52 per cent to hit $12.6bn while its diluted earnings per share was $4.10, significantly ahead of consensus [...]
‘Shocking’: Driver caught on CCTV running down group by Leadenhall Market jailed for seven years April 14, 2023 A BMW driver caught on “shocking” CCTV footage driving at a group of brawlers in the heart of the City of London has been jailed for seven years. Two men were hurt when they were hit by Bristan William’s car on Leadenhall Street on the evening of July 26 last year. William had been seen [...]
Slow pace on nuclear putting UK energy goals at risk, argues SMR player April 14, 2023 The UK should speed up its plans to revive nuclear power to ensure it can meet its energy security goals, argued SMR specialist Newcleo.
Wall Street rally lifts tech stocks in latest signal US inflation is cooling, now eyes turn to Fed rate decision April 14, 2023 A rally on Wall Street on Thursday lifted stocks to their highest level in almost two months following the latest sign that inflation continues to cool. The S&P 500 rose 1.3 per cent after a report showed inflation at the wholesale level slowed last month by more than expected. The Dow Jones Industrial Average gained [...]
UK economy stalls in February but is just about on track to dodge recession in early 2023 April 13, 2023 Britain is just about on track to dodge a recession in the first half of this year, defying gloomy predictions from experts heading into 2023 that the economy would suffer the largest slump in recent memory, figures out today show. Gross domestic product (GDP) – which measures the value of all goods and services produced [...]
Carving up the Equality Act will create a radical change in the legal status quo April 13, 2023 The changes Kemi Badenoch wants to make to the Equality Act would allow organisations to openly discriminate against trans people, writes Will Cooling
FTSE 100 close: US inflation boost runs out of steam as De La Rue tumbles a third April 12, 2023 A sudden boost to London’s FTSE 100 from better than expected US inflation numbers ran out of steam toward the end of today’s trading session, although the premier index still notched gains. The FTSE 100 jumped 0.5 per cent to close at 7,824.83 points, while its mid-cap counterpart, the FTSE 250, which is more responsive [...]
US core inflation jumps to 5.6 per cent while CPI falls rapidly in mixed signal for Fed April 12, 2023 Underlying US inflation is putting up a strong fight against the Federal Reserve’s aggressive interest rate hike assault, while general price rises are falling quickly, sending mixed signals to chair Jerome Powell and co ahead of their interest rate decision next month. Official figures out from the US Bureau of Labor Statistics today showed the [...]
North Sea energy giants told to ‘read the room’ on windfall tax demands April 12, 2023 Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.