City eyes final economic data before Christmas shut down December 18, 2022 Although investors will be readying to get away over the Christmas break, there are a few economic data sets to get through before the City shuts down. Last week, London’s FTSE 100 index slumped nearly two per cent to close at 7,332.12 points as traders were bombarded by a barrage of global economic news. FTSE [...]
Activists protest at British Museum and Scottish Power over rising energy bills December 3, 2022 Campaigners have staged protests in buildings including the British Museum and Scottish Power HQ against rising energy bills and “sky-rocketing” levels of fuel poverty, according to organisers. Members of the grass-roots movements Don’t Pay UK and Fuel Poverty Action said campaigners had bedded down with blankets, sleeping bags and hot water bottles in the foyer [...]
London markets post mixed day as banks take a tumble December 1, 2022 London markets posted mixed performance today as big industrial firms and banks dragged the FTSE 100 lower. The capital’s premier index dropped 0.19 per cent to 7,558.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 1.28 per cent to close at 19,409.42 points. [...]
London businesses sweat over looming recession and sticky inflation November 30, 2022 London businesses are sweating over the coming recession and sticky inflation, but they are still among the most confident in the UK, a new survey out today reveals. Optimism among the capital’s firms slumped 27 points over the last month to 22 per cent, one of the biggest falls on record, according to Lloyds Bank’s [...]
Mark Kleinman: Glazers could see biggest ever football club sale November 25, 2022 It was Sir Alex Ferguson who coined the phrase “squeaky bum time” in reference to those anxious moments at the end of seasons when Champions League and Premier League titles and FA Cups hung in the balance. Fergie’s employers for the last eight years of his reign, the Glazer family, are about to undergo their [...]
Met arrests 100 in ‘biggest ever fraud operation’ to take down spoof calling site November 24, 2022 More than 100 people have been arrested in what the Met Police describe as the UK’s biggest ever anti-fraud operation. The force led the bid to take down the ‘one stop spoofing shop’, iSpoof, which had more than 200,000 possible victims in this country alone. Fraudsters contacted people posing as as representatives of banks including [...]
These Are The Companies Offering Perks To Offset Cost Of Living Crisis November 21, 2022 It is no secret that it has been a tough year for workers. The cost of living looks set to get worse as rising prices for groceries and basic services, along with the huge cost of energy are biting deeply into disposable income. The Office of National Statistics (ONS) assessed web-scraped supermarket data for 30 [...]
Lloyd’s of London to face £735m court battle over Dubai owned aircraft seized by Russia November 18, 2022 Lloyd’s of London is being sued for $875m (£735m) over its failure to pay out on a multi-million-dollar insurance claim filed over the Russian state’s decision to seize hundreds of planes this March. Airplane leaser Dubai Aerospace Enterprises Ltd (DAE) has filed a High Court claim against Lloyd’s seeking more than $875m from the insurer, [...]
Government slashes bank surcharge in boost for the City November 17, 2022 The government has slashed a surcharge on bank profits to three per cent today in a bid to keep the UK's finance industry internationally competitive.
Premier Foods boosted by consumers eating at home amid rising inflation November 16, 2022 Premier Foods’ revenues continue to rise despite inflation, as the cost of living crisis pushes consumers towards cheaper brands. The London-listed food group, which owns Batchelors, Bisto and Lloyd Grossman brands, has continued to perform well under economic pressure in the UK and across the world. Group revenue rose more than six per cent to [...]