‘The plan is working’: Sunak hails falling inflation – but PM warned targets still in jeopardy August 16, 2023 Rishi Sunak and Jeremy Hunt have welcomed today’s dramatic fall in inflation to 6.8 per cent, with the prime minister saying it shows his “plan is working”. The government welcomed today’s news of falling headline inflation, despite expectations the Bank of England is still likely to hike interest rates for a 15th straight time. However, [...]
Energy firms split as Ofgem boss calls for price cap rethink August 15, 2023 Energy bosses are split over the role of the price cap in the UK's retail market, with a seeming rift between challengers and the Big Six.
Laya’s Horizon: Take to the skies in a zen-like iPhone adventure August 15, 2023 Some games demand exacting care and utmost concentration. Let your mind wander when you’re playing Elden Ring or Hollow Knight or Overwatch and you’re likely to receive a message telling you you’ve been killed in some horrible way. Other games benefit from a disconnect between the player and the game, inducing a “flow state” in [...]
Former British Cycling and Team Sky doctor banned for four years August 15, 2023 Former British Cycling and Team Sky doctor Richard Freeman has been banned for four years for breaching anti-doping rules. He was found to have been in possession of a banned substance and for lying to UK anti-doping authorities. The former British Cycling doctor was struck off in 2021 and Freeman becomes the first staff member [...]
Why we might need to take inflation positivity with a grain of salt August 15, 2023 Temple Melville is forecasting dark skies for world economies as Russia squeezes vital exports, meaning crypto needs a defined role.
Ofgem: “Broad and crude” energy price cap needs looking at August 15, 2023 Ofgem boss Jonathan Brearley has urged ministers to reconsider whether the "very broad and crude" price cap is still fit for purpose.
UK banks handling interest rates better than US counterparts – but are lagging on AI August 15, 2023 UK financial services execs are coping better with the bleak market conditions compared to their US counterparts, according to a study by New York-listed Fidelity National Information Services (FIS). While 91 per cent of financial services company executives in the US have expressed that soaring interest rates have been hampering their investments, only 78 per [...]
Wilko bidders have until Wednesday to make an offer for troubled retailer August 14, 2023 Bidders for troubled retailer Wilko have reportedly been given until Wednesday to place offers for the company after collapsing into administration last week. A number of discount retailers and financial investors are considering offers for the company, and administrator PwC is seeking offers by the middle of the week, Sky News reported. Last week, the [...]
Mark Kleinman’s column: WANdisco fiasco, Co-op auction and Chelsea’s misfires August 10, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his fortnightly City A.M. column. It’s payback time WANdisco? More like WANfiasco. Within weeks of the AIM-listed data software company letting it be known that it was solidifying its ambitions of pursuing a US stock market listing, the [...]
Is chess a sport? It soon may be chasing the Olympic Holy Grail August 10, 2023 Columnist Ed Warner discusses chess, funding fringe sports and what makes a solid sporting body chief executive. Where do you draw the line between games and sports? Mine is at the door of the pub, so ruling dominos, bar billiards, space invaders and darts out of the sporting firmament. I realise of course that this [...]