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 [...]
Windfall tax will hurt UK’s climate ambitions, oil boss warns May 4, 2023 The windfall tax will make the UK more reliant on carbon-intensive imports to meet its energy needs - warned the boss of Ithaca Energy.
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 [...]
Self-driving cars will bring vital innovation to our roads – but we need new laws for it to work April 26, 2023 Self-driving cars will make our roads safer, bringing innovation to the UK. But we need regulation and clarity to ensure the industry can trust us as a place where it can flourish, writes Ben Everitt
Nestlé: Nespresso and Kit-Kat maker hikes prices and sweetens sales growth April 25, 2023 Share price in Kit-Kat maker Nestlé were up as the food giant beat profit expectations while hiking the price of its goods. The Swedish packager, which owns brands such as Nespresso, Smarties Nesquik and Maggi stock cubes, reported a sales growth of 5.6 per cent to CHF23.5bn (£21.2bn) in the first leg of the year [...]
Ocado closure of Hatfield fulfilment centre puts 2,300 jobs on the line April 25, 2023 Ocado, the upmarket digital grocery store, will close its oldest fulfilment centre in Hatfield placing 2,300 jobs at risk. The supermarket, which operates as a joint venture with M&S, said that the centre was currently responsible for 20 per cent of Ocado’s 400k order per week, however it is ceasing operations at the site due [...]
No break for Brits as inflation pushes the cost of kitchen staples by 80 per cent April 18, 2023 Brits are yet to receive a break from soaring food prices as the price of cheddar cheese, sliced white bread and porridge oats are up to 80 per cent more expensive than a year ago. As inflation reached record highs due to the war in Ukraine, consumers were forced to fork out more for kitchen [...]
Asda introduces self driving delivery vans in AI first April 17, 2023 Asda is rolling out its largest autonomous delivery trial with customers in London set to receive their groceries via self driving cars. The UK’s third largest grocery store is launching the scheme in partnership with Wayve, a developer of artificial intelligence for self driving cars, and the pair will use Jaguar I-Pace electric cars for [...]
Your City guide to this year’s must have chocolate Easter eggs: From exploding candy to hot cross bun flavoured treats March 31, 2023 We’ve nibbled, munched and even crunched some of this year’s chocolate Easter egg offerings, and we even tried a donut-egg; you’ll have to read on to find out how that fared. Here’s our review of the best and the worst Easter eggs you can buy this year; we’ve included City-based retailers as well as supermarket [...]
FTSE 100 live: Beazley and Ocado edge London higher on final day of first quarter March 31, 2023 The FTSE 100 nudged higher on the final morning of the first quarter on the back of an early rise for insurance giant Beazley and retail tech firm Ocado. London’s flagship index rose around 0.2 per cent in early trading before settling to be around up around 0.16 per cent at 9:43am. Lloyds of London [...]