Upbeat earnings fail to turn investors’ eyes from steep US technical recession July 28, 2022 A string of upbeat earnings was not today enough to cushion City investor jitters over a slowdown in the US economy. London’s premier FTSE 100 index dipped 0.04 per cent to 7,345.09 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 1.1 per cent [...]
Exclusive: Industry body urges Tory leadership contenders to back fracking July 28, 2022 The UK's leading onshore energy body has called on the two Tory leadership contenders to lift the moratorium on fracking.
We should question the mandate of the Bank of England – not its independence July 28, 2022 ONE OF the most surprising things to come out of the race to replace Boris Johnson as leader of the Conservative Party has been the space the Bank of England has taken up in the discourse. One unsuccessful candidate argued the government should have more oversight of the Bank’s activities and current frontrunner Liz Truss [...]
Heritage campaigners and M&S roll up sleeves for public inquiry over Oxford St flagship store July 27, 2022 Heritage campaigners have started crowdfunding to battle Marks and Spencer’s plans to demolish its 1929 flagship Oxford St store this autumn. M&S hopes to demolish the Marble Arch building, which it says has “asbestos throughout,” to create a new 10-storey building, with office space and a gym. A two-week public inquiry in October will assess [...]
Big Tech feels a big drop as Google and Microsoft struggle to maintain growth July 27, 2022 Both Google parent firm Alphabet and Microsoft posted weaker-than-expected earnings last night, as they grapple with the testing macroeconomic backdrop.
Volodymyr Zelensky pays tribute to Boris Johnson as he receives Churchill Award July 26, 2022 Volodymyr Zelensky has praised Boris Johnson’s role in helping Ukraine in its war against Russia as he received a Sir Winston Churchill Leadership Award in a Downing Street ceremony. Zelensky said that Ukraine was “not left alone” when Russia invaded its neighbour on 24 February and told Johnson that “this award is yours as well”. [...]
San Sebastian: The Michelin capital of the world July 26, 2022 Throughout the confinement of the pandemic we dreamed of the day travel restrictions would finally ease. This year that wish came true – but the monkey’s paw twitched. While we are allowed to fly almost anywhere – even Japan and Korea, some of the strictest countries for Covid restrictions, have welcomed tourists back – but [...]
City grandee says Boris Johnson told him he wants to stay as PM July 26, 2022 Boris Johnson told a City grandee and Tory peer that he wants to stay on as Prime Minister and does not want to resign. Lord Peter Cruddas, who is a major Conservative donor, is running a “bring back Boris” campaign to keep Johnson in Number 10 through a vote of Tory grassroots members. Cruddas told [...]
Simple soundbites for post-Brexit dividends do the City little good for our future growth July 26, 2022 DO YOU want the City of London to be slow and cautious or quick and nimble? This is how the debate over a potential new round of regulation in the City of London has been framed. However, the situation is clearly more complex than this simple soundbite suggests. Forming part of ex-chancellor Rishi Sunak’s pitch [...]
London markets muted ahead of US Federal Reserve rate decision July 25, 2022 London markets were mixed today as traders brace for another potential rate bazooka from the US Federal Reserve on Wednesday. The capital’s premier FTSE 100 index edged 0.41 per cent higher to 7,306.30 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.11 per [...]