Tech founders are turning away from the Tories, and into Labour’s open arms October 20, 2023 With an MBA from Stanford and a self-professed fondness for all things tech, you’d be forgiven for assuming that the country’s entrepreneurs would have taken a natural shine to Rishi Sunak and the party he leads. Yet, according to a recent report from The Entrepreneurs Network and Mishcon de Reya that could hardly be further from the [...]
Port charges making decarbonisation ‘uneconomical’, says rail freight boss October 19, 2023 The boss of one of the UK’s biggest rail freight operators has bemoaned high loading charges levied by ports as “uneconomic” for the sector.
FTSE 100 close: Israel Gaza war concerns weigh down London markets again October 19, 2023 London's FTSE indexes dipped in opening trade on Thursday as continued concern over possible escalation in the Middle East left investors feeling cautious.
Nestle to close baby formula factory in Ireland due to falling Chinese birthrates October 19, 2023 Nestle will close down a baby formula factory in Ireland due to a falling birth rate in China, placing 560 jobs at risk.
Energy sec Coutinho defends renewables investment but ‘conscious’ of US and EU ramping up subsidies October 19, 2023 Energy secretary Claire Coutinho has defended the government's green record amid challenges from rival markets.
Schroders: Assets slide as volatile markets weigh on investor appetite October 19, 2023 Schroders revealed a slump in its managed assets today as investors fled the market amid sustained volatility over the summer.
Resolution Foundation: Bank of England needs more firepower to fight downturns October 19, 2023 With debt rapidly rising, the think tank warned that the UK would quickly face an unsustainable debt burden without a fundamental reset of fiscal and monetary policy.
Square Mile and Me: Simon Pryke on his journey from paper round to CEO October 19, 2023 Each week we ask a City figure to take a trip down memory lane. Today Simon Pryke, CEO of investment manager Findlay Park, tells us about his time in the Square Mile.
UK entrepreneurs see Labour as ‘party of business’, survey finds October 19, 2023 A survey shows 43% of business leaders feel that Labour understands what their businesses need to succeed, against 26% who did not.
Inflation across the world and in the UK will likely be stuck at a higher rate October 19, 2023 The very forces that kept inflation down - the labour market, less defence spending and energy prices - are now keeping it high and will be with us for years to come.