London’s FTSE 100 drops after second big Bank of England rate hike September 22, 2022 London’s FTSE 100 plunged today after the Bank of England lifted interest rates 50 basis points for the second time in a row. The capital’s premier index fell 1.08 per cent to 7,159.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, tumbled 2.05 per [...]
JD Sports’ chair: Governance changes won’t ‘kill entrepreneurial spirit’ of retailer September 22, 2022 JD Sports’ new chair Andrew Higginson has said corporate governance changes will bring the retailer up to pace without being too “heavy handed.” The trainer seller recently created distinct roles of chair and CEO, after the departure of former boss Peter Cowgill earlier this year. After decades at the helm of the London-listed firm, Cowgill [...]
JD Sports agrees multi-million pound exit terms with former boss Peter Cowgill September 21, 2022 Former JD Sports’ boss Peter Cowgill is set to receive £5.5m after making his departure from the sportswear retailer. After decades at the helm of the London-listed firm, Cowgill stepped down following several brushes with the competition watchdog. Now, JD Sports has said it has agreed exit terms with Cowgill, including a £3.5m payment over [...]
Ashley vs Cowgill: Has Sports Direct boss had the last laugh in retail rivalry? September 20, 2022 NEWS of Mike Ashley’s departure from Frasers also signals the end of one of retail’s most tempestuous rivalries, after JD Sports’ boss Peter Cowgill exited his own sportswear giant earlierthis year. After decades of high street tussle, the two retail titans have now both relinquished their roles behind two of the country’s largest athleisure brands. [...]
Market wrap: London stays open and sees shares and pound rise September 9, 2022 Markets in London traded as usual on Friday, and saw shares and the pound trade higher. The London Stock Exchange confirmed that it planned to maintain normal opening hours after the death of the Queen, but would close during any public holidays. The FTSE 100 joined an international rally, which saw global markets break out [...]
Cricket, golf, horse racing and rugby union suspended following Queen’s passing September 9, 2022 Friday’s second day of play in the deciding Test between England and South Africa at the Oval has been postponed following the death of Queen Elizabeth II. It is among several sporting fixtures to be called off following the monarch’s passing, including in golf, horse racing and rugby union. Other sports could follow suit. The [...]
London’s FTSE 100 kicks higher ahead of Truss energy package September 8, 2022 London’s FTSE 100 kicked higher today after new prime minister Liz Truss launched an around £130bn cost of living support package. The capital’s premier index climbed 0.33 per cent to 7,262.06 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.36 per cent to [...]
Paul Stephens Porsche 993R review: past master August 30, 2022 The 993R from Paul Stephens is a restomod Porsche 911 that combines old-school charisma with ferocious modern performance. We drive it.
London’s FTSE 100 struggles for direction ahead of Jackson Hole August 25, 2022 London’s FTSE 100 struggled for direction today driven by investors seemingly holding positions until central bankers signal at Jackson Hole how firm they will be with taming inflation. The capital’s premier index added 0.11 per cent to reach 7,479.74 per cent, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
Sharpening inflation concerns weigh on FTSE 100 retailers August 23, 2022 Sharpening concerns over high inflation triggering a slowdown in consumer spending weighed on London markets today. The capital’s premier FTSE 100 index dropped 0.61 per cent to 7,488.11 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.99 per cent to 19,306.89 points. Retailers [...]