All aboard another year of fighting over low-traffic neighbourhoods and e-bikes January 17, 2023 Low Traffic Neighbourhoods and e-scooters will impact how we get around in London - and with transport strikes still making the headlines, it's going to be a rather interesting year, writes Claire Harding
David Carrick: Sunak and Khan concerned about trust in Met after serial-offender Pc admits 49 offences, 24 rapes January 16, 2023 The Prime Minister and Sadiq Khan have renewed concerns about trust in the Metropolitan Police after it was revealed that a serving Metropolitan Police officer admitted 49 offences, including 24 counts of rape. Rishi Sunak and the London Mayor’s comments come after the Met was forced to apologised to victims for Pc David Carrick, who [...]
ITM Power’s shares plummet 14 per cent after hydrogen specialist makes third profit warning in eight months January 16, 2023 Shares in ITM Power nosedived 13.5 per cent on the London Stock Exchange this morning, after a third profit warning in eight months.
Exclusive: The WhatsApp scandal in banking and its place in the City January 15, 2023 The unprecedented fine from the SEC, exacted on 16 Wall Street banking giants in 2022, caused ripples on both sides of the pond last year. The collective $1.8bn in punishments doled out to a group consisting of names such as Barclays, Citigroup, Goldman Sachs, and Morgan Stanley, was executed as staff were found to have discussed deals [...]
A present for Putin: Sunak reportedly agrees to deliver squadron of tanks to Ukraine January 14, 2023 Prime Minister Rishi Sunak has reportedly agreed to deliver a squadron of tanks to Ukraine to aid the country’s efforts in re-taking territory lost to Russian forces. Four British Army Challenger 2 main battle tanks will reportedly be sent to eastern Europe immediately, with eight more to follow shortly afterwards. According to The Sun, a [...]
UK risks missing out on ‘growth opportunity of the century’ due to climate action delays as it falls behind in ‘net-zero race’ January 14, 2023 The UK is not in line to meet the environmental target - and has fallen behind rival economies in the "net-zero race" warns a new report.
Dimon heralds ‘fortress balance sheet’: JP Morgan revenue up 17 per cent as interest rate boon continues January 13, 2023 JP Morgan beat expectations in its quarterly results, reporting increases in both income and revenue as higher interest rates continued to benefit the Wall Street giant. In the three months to December 31, JP Morgan reported net income of $11.0bn (£9.0bn), up from $10.4bn in the same period last year. The bank’s earnings per share [...]
Inclusive ESG: The New Frontier for Capitalism? January 13, 2023 The core aim of any business is the healthy pursuit of profit. Seasoned capitalists may agree that the pursuit of profit is necessary to fuel economic growth and contribute to the development of all our futures, even if in reality, your first port of call is to ensure you meet the needs of your key [...]
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, [...]