Luxury stocks boom as Richemont kicks off reporting season with a bang January 16, 2025 Luxury stocks across the world have been given a boost by Cartier-owner Richemont’s booming sales figures this morning. Richemont’s report, the first set of luxury results covering the festive season, indicated that the luxury market may finally be recovering from a slowdown that has lasted nearly two years. Revenue from jewellery, Richemont’s biggest division, rose [...]
Rachel Reeves – “Gilty” as charged January 16, 2025 The verdict is in. The Gilt market has found the Chancellor Rachel Reeves guilty of reckless endangerment of the country’s finances. A large electoral majority led her to think the world would happily finance what she described in her Mais Lecture as the “smart and strategic state”. Sticking to fiscal rules is for nought if [...]
How ‘twin deficits’ have fuelled turmoil in the gilt market January 16, 2025 The sell-off eased slightly on Wednesday following positive inflation figures, but yields remain well ahead of where they were just a few weeks ago.
Malaysian firm YTL to invest £4bn in UK and former Concorde development January 15, 2025 The Malaysian firm YTL has announced plans to invest £4bn in its UK businesses and a brownfield housing development in Bristol at the site of the former Concorde hangars. The firm will spend £2bn on redeveloping the former Filton airfield in South Gloucestershire into an arena and housing development north of Bristol, the UK government [...]
James Vince: Hampshire captain steps down and moves to Dubai January 15, 2025 World Cup winning England batter James Vince has quit his red-ball deal with Hampshire and relocated to Dubai in a move that allows him to play in the Pakistan Super League. Vince, 33, has stepped down after 10 years as club captain and renegotiated his contract to a white-ball-only agreement that will mean he still [...]
UK set for AI tech boost as millions of pounds injected after action plan January 15, 2025 The UK’s artificial intelligence (AI) sector has received an average of £200m in private investment daily since July 2024, as global firms rally behind Starmer’s blueprint to turbocharge AI. In the 24 hours that followed the government’s release on Monday, over £14bn of new investment has been reported, with pledges to create over 13,000 jobs [...]
The secrets behind the Kylie Minogue wine brand’s meteoric success January 15, 2025 When Kylie Minogue went to the ProWein industry fair in Düsseldorf, hospitality professionals were stunned to find her on the sales floor rather than in some backstage dressing room. Minogue was fitting in up to 18 meetings per day, sitting down with distributors to discuss deals for her Kylie Wine range. The relentlessness of her [...]
Lloyds Banking Group to shut major office impacting 500 staff January 15, 2025 Lloyds Banking Group will shut its office in Liverpool later this year, in a move set to impact the site’s 500 staff. The group said its decision to close its Speke location is part of broader plans to run “fewer, better-equipped” offices amid efforts to cut costs. In a statement, Lloyds said it has not [...]
Cates to keep Sky Sports role despite getting Match of the Day job January 15, 2025 Kelly Cates is set to keep her role with Sky Sports despite being named as one of three new presenters for Match of the Day, the flagship football show of rival broadcaster the BBC. Cates, who currently anchors Sky Sports’ biggest live Premier League games alongside presenting for BBC Radio 5 Live, will join Mark [...]
Inflation: ‘Relief’ for Reeves or a ‘temporary reprieve’? January 15, 2025 Inflation unexpectedly fell in December, but is it 'relief' for Rachel Reeves or just a 'temporary reprieve'?