Asos: Will fast fashion darling see share price fly off the shelf? May 7, 2023 Online fashion giant Asos is expected to post another half-year loss and shareholders will hope for signs of improving demand from cash-strapped shoppers. It is among fast-fashion retailers to have become heavily pressurised over the past year by a brutal combination of rocketing costs, supply chain disruption and weaker consumer spending. The FTSE 250 company [...]
Charles crowned King at Westminster Abbey as world watches May 6, 2023 The King has been crowned the nation’s monarch and prayed to be a “blessing” to people of “every faith and conviction”. Charles became the 40th reigning sovereign to be crowned at Westminster Abbey, the nation’s coronation church since 1066, as Archbishop of Canterbury Justin Welby placed St Edward’s Crown on his head. The historic moment, [...]
Former prime ministers gather for King’s coronation May 6, 2023 Seven former prime ministers gathered to attend the coronation, including Liz Truss, whose brief tenure in No 10 included the late Queen’s death and the King’s accession. Ms Truss followed her predecessors Boris Johnson, Theresa May, David Cameron, Gordon Brown, Sir Tony Blair and Sir John Major into Westminster Abbey for the coronation. The UK [...]
King and Queen begin procession to Westminster Abbey May 6, 2023 The King and Queen’s procession has left Buckingham Palace to cheers from the waiting crowds in The Mall as the moment of their coronation drew closer. Charles and Camilla waved to thousands of spectators lining the street as leading figures began to join members of the congregation in Westminster Abbey. The list of 2,300 invited [...]
Sunak to meet Oz and NZ leaders as trade deal – which promises cheaper manuka honey and Jacob’s Creek – takes effect May 5, 2023 Rishi Sunak is set to welcome the leaders of Australia and New Zealand to No10 ahead of the UK’s landmark post-Brexit trade deals coming into force. The prime minister will meet Australian PM Anthony Albanese and Chris Hipkins, prime minister of New Zealand, in Downing Street today. It comes as the UK’s trade deals with [...]
Local elections: Tories suffer big losses including commuter belt councils Hertsmere, Brentwood, Windsor and Maidenhead May 5, 2023 The Conservatives have been hit by major losses in the local elections – losing over a third of their council seats so far. Losses include key commuter belt councils Hertsmere, Brentwood and Windsor and Maidenhead – which includes former prime minister Theresa May’s constituency. It was prime minister Rishi Sunak’s first significant electoral test since [...]
Apple posts rare revenue drop but $90bn share buyback goes ahead May 5, 2023 Apple once again posted an, until now, rare revenue decline in its latest fiscal quarter, but said its overall business improved from the December quarter and sales of its iPhones were solid. The results were better than Wall Street’s muted expectations and Apple’s stock inched higher in after-hours trading. The latest numbers come after the company in February [...]
FTSE 100 close: London index slips despite Shell rising after posting £7.6bn profit May 4, 2023 London’s FTSE 100 tumbled today despite investors piling into Shell after it launched a fresh buyback funded from its huge first quarter profits. The capital’s premier index fell 1.04 per cent to 7,707.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.62 per [...]
Analysis: Shell profits reflect strength of industry as much as soaring oil and gas prices May 4, 2023 Shell and BP unveiled bumper earnings this week, reigniting Labour's push for the windfall tax to be tightened.
Coronation wine: why magnums and boxes of wine are best May 4, 2023 We Brits really do enjoy a party and this Saturday will see festivities up and down the country for the coronation of King Charles. The tradition of celebrating these occasions is part of our nation’s heritage, with documents even describing the coronation of unlucky Anne Boleyn as having the streets hung with flags and bunting [...]