This is not just results: London markets boosted by M&S profit hike November 10, 2021 UK retail institution Marks and Spencer boosted London markets during the opening session today as investors poured into the stock after it hiked its profit outlook. The capital’s mid-cap FTSE 250 index, which M&S is listed on, advanced 0.34 per cent to 23,445.61 points. The premier FTSE 100 index was up 0.33 per cent to [...]
Rolls-Royce gets £195m funding for reactor plan November 9, 2021 Rolls-Royce’s share price rocketed by as much as five per cent on Tuesday after the engineering company secured £195m in private funding for a small-scale nuclear reactor project in the UK. Shares in the jet engine maker closed up 3.6 per cent at 146p by close of play, also buoyed by the return of leisure [...]
Industry giant General Electric to split into three public companies November 9, 2021 Industrial giant General Electric (GE) will split into three companies following years of stock underperformance, the company announced today.
Cyber security giant McAfee goes private in a $14bn deal November 8, 2021 The cyber security company McAfee goes private in a $14bn deal with a consortium led by U.S. private equity firm Advent International The deal comes as a pandemic-driven shift to remote working and a rise in cyber attacks have spurred demand for antivirus and digital security software. The company, founded by technology entrepreneur John McAfee [...]
Lansdowne House is an £8m Holland Park gem November 8, 2021 Fifteen million doesn’t go far in parts of Kensington, where average house prices on Britain’s most expensive street hit £30m. But you only need to head slightly west to Holland Park to get more for your millions. Lansdowne House is a vast, light-filled four-bedroom apartment is over the ground and lower ground floors but has [...]
From Patterson row to peerages for donors: Boris Johnson increasingly under pressure over Tory sleaze November 8, 2021 Calls for a public inquiry into allegations of Tory sleaze are growing this morning as MPs consider how to clean up Westminster following the Owen Paterson row. The Commons will spend three hours hearing an emergency debate on the situation, despite ministers seeking to dismiss the row as a “storm in a teacup”. The Liberal [...]
Opposition parties demand investigation into Johnson’s holiday November 6, 2021 Labour and the Liberal Democrats have pushed for an investigation into Prime Minister Boris Johnson’s free use of a a Spanish villa owned by the family of minister Lord Zac Goldsmith. The opposition parties have called on the prime minister to declare his luxury holiday in October in the MPs’ register of interests, which notably [...]
UK government approaches Qatar for ‘last resort’ gas deal November 6, 2021 The UK government has approached Qatar for a long-term gas deal to shore up supplies amid soaring wholesale energy prices and growing fears of a winter fuel crisis, according to The Financial Times. British ministers have been holding talks with the world’s largest producer of liquefied natural gas to reach an arrangement where Qatar would [...]
COP 26: UK pledges £500m to protect rainforests from deforestation November 6, 2021 The UK has committed £500m of public money to protect five million hectares of rainforests worldwide from deforestation. The pledge was made at the COP 26 climate summit in Glasgow, and follows prime minister Boris Johnson calling for an “end to the great chainsaw massacre” after 100 countries signed up to reverse deforestation by 2030. [...]
Bank of England leaves rates at record low despite expecting persistent inflation spike November 4, 2021 The Bank of England today decided to scupper a flurry of bets on interest rate hikes and leave them unchanged at a record low. Despite mounting speculation from financial markets, economists and experts, the Old Lady left interest rates at 0.1 per cent and will see through the final leg of its QE programme. The [...]