FTSE 100 close: HSBC and Lloyds lead gains on London index as Turkish lira slides after inconclusive election May 15, 2023 London’s FTSE 100 kicked off a new week in decent style today, led higher by Britain’s largest banks clocking strong gains. The capital’s premier index advanced 0.30 per cent to 7,777.69 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.37 per cent to [...]
‘Welcome back!’: Sunak embraces Ukraine’s Zelensky as he visits UK in bid for more help to fight Russia May 15, 2023 The UK will provide Ukraine with air defence missiles and attack drones, Downing Street has announced, as Volodymyr Zelensky met Rishi Sunak at Chequers. In the latest leg of the Ukrainian president’s tour of western allies, Mr Zelensky said the two leaders would have “substantive negotiations” on the response to Russia’s invasion. Downing Street said [...]
FTSE 100 live: London’s premier index closes the week up after Beazley bump and UK economy growth May 12, 2023 The FTSE 100 has ended a mixed week on the up after a bump for Lloyds of London insurer Beazley this morning and growth in the UK economy. London’s flagship index ended the week with a gain of around 0.63 per cent after ONS figures this morning showed GDP edged 0.1 per cent higher in [...]
Olympia London owners to inject £5.4m into Shepherds Bush Market May 11, 2023 The private real estate firm behind Olympia London has submitted plans to inject £5.4m into Shepherds Bush Market and the Old Laundry Yard as it looks to create a life science incubator as well as affordable homes within the region. Yoo Capital, which has invested £2.5bn into central London over the past decade, said a [...]
FTSE 100 close: ASOS shares nosedive 22 per cent after posting dim results May 10, 2023 London’s FTSE 100 slipped in the City today as online fashion retailer ASOS was pummelled after a dim set of results. The capital’s premier index shed 0.29 per cent to close at 7,741.32 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, lost 0.15 per [...]
Just Stop Oil’s Square Mile slow walk causes chaos as Bank and Moorgate brought to a halt May 10, 2023 Just Stop Oil protestors caused chaos in the Square Mile this morning with a slow walk through Moorgate and Bank, which was eventually broken up by police. The environmental group forced the closure of roads, prevented buses from getting through and led to police officers issuing a Section 12 order, forcing them onto the pavement. [...]
Recession knife-edge: Consumer spending on credit at £1.3bn as house prices continue to slide May 2, 2023 Britain’s better than expected economic performance since the turn of the year is poised to have lured consumers into splashing the cash on their credit cards, new numbers out this week are tipped to show. Families are tipped by markets to have borrowed £1.3bn in March, which would signal spending in the UK is holding [...]
Wembley turns 100: Iconic stadium reaches century of existence (in multiple forms) April 28, 2023 It has been home to England’s only World Cup final victory, hosted the likes of Live Aid and songstress Adele and was built on the site of a tower which was supposed to make the Eiffel Tower look like a garden ornament. Wembley Stadium as a site turns 100 today, and it’s fair to say [...]
FTSE 100 live: No Friday feeling for London index as banks follow Natwest to dip into negative territory April 28, 2023 London’s blue chip FTSE 100 index was trading flat, down 16 points at 7,815.94, as banks led the fall in the last day of trade before the May bank holiday. Despite better than expected profits Natwest shares fell 5.58 per cent. Michael Hewson chief market analyst at CMC Markets said: “When NatWest reported its full-year [...]
Sir Win Bischoff ‘was a giant of our industry’ JP Morgan chief Jamie Dimon says after City grandee dies aged 81 April 26, 2023 Heartfelt tributes have been paid to City grandee Sir Win Bischoff who has died at the age of 81 following a short illness. The German-born banking boss who had top roles at Schroders, chair of Lloyds Banking Group and Citigroup, as well as JP Morgan, enjoyed a 50-year career in both the City and Wall [...]