FTSE 100 close: ASOS and Centrica pop to crystalise strong start to 2023 January 12, 2023 London’s FTSE 100 built on gains yesterday that propelled to its highest level since 2018 after a series of British bellwether retailers posted a decent set of results this morning and the owner of British Gas skyrocketed. The capital’s premier index closed up 0.89 per cent at 7,794.04 points, while the domestically-focused, mid-cap FTSE 250 [...]
As US inflation eases off 40-year high, Fed likely to ease off on back-to-back jumbo rate hikes January 12, 2023 US inflation is at its lowest level in 15 months, fuelling speculation the Federal Reserve will step back from further jumbo interest rate hikes in 2023, Official figures out today show the rate of price increases in the world’s largest economy fell to 6.5 per cent in December, down from 7.1 per cent in November, [...]
Elizabeth line: No service to the City and the Wharf TODAY as strike goes ahead despite Khan’s attempts to avert it January 12, 2023 No trains will operate on the Elizabeth line today between Paddington and Abbey Wood as staff are walking out over salaries and pensions. The industrial action will also lead to reduced service on the east and west ends of the line, between Liverpool Street and Shenfield as well as between Paddington, Reading and Heathrow. Members [...]
Exclusive: City asset finance chief on how to stay calm amid eye-watering inflation January 12, 2023 Inflation numbers hit record levels in 2022, while the cost of living crisis raged and interest rates went through the roof. Without a doubt, it was – and continues to be – a turbulent and uncertain time for many players in the City and beyond. Time for City A.M. to catch up with Mike Randall, [...]
Exclusive: High Street queen Mary Portas says retail’s 2022 race to the bottom is finally over January 12, 2023 City A.M. sits down with the 'Queen of retail', or Madam High Street, retail consultant and broadcaster Mary Portas.
Brit chip firm takeover by China risks “national security” warns influential Tory MP January 11, 2023 Grant Shapps has been urged to review the the takeover of fledgling semiconductor firm Flusso following its Chinese takeover.
FTSE 100 close: JD Sports springs London flagship index to 2018 high January 11, 2023 London’s FTSE 100 index leapt to its highest level since 2018 in afternoon exchanges in the City today after a series of strong retailer earnings signalled the UK consumer is holding up well amid the cost of living crunch. The FTSE 100 index climbed 0.99 per cent to 7,770 points, while the domestically-focused mid-cap FTSE [...]
Partygate: Boris Johnson joked staff were at ‘the most unsocially distanced’ gathering according to bombshell report January 11, 2023 Boris Johnson allegedly joked at a boozy No 10 leaving do during the coronavirus pandemic that staff were at “the most unsocially distanced party in the UK”. The claims will put the former prime minister under further pressure as he faces a parliamentary investigation into whether he misled MPs over the so-called partygate scandal. A spokesman for [...]
PMQs: Rishi Sunak and Keir Starmer play piggy in the middle with NHS strikes January 11, 2023 Rishi Sunak and Keir Starmer point the finger at each other as ambulance staff go on strike today and NHS nurses plan more industrial actions for later this month. Comment & Features Editor Sascha O'Sullivan breaks down Prime Minister's Questions.
John Javier, chef at The Tent (at the end of the universe) on his favourite London restaurants January 11, 2023 John Javier is the mastermind behind The Tent (at the end of the universe), an invite-only “members club and restaurant” at 17 Little Portland Street in Fitzrovia. We asked him his favourite places to eat on his day off in London. Old Street Chinese Restaurant Hands down my favourite Chinese restaurant in London. You gotta [...]