Former top Wandisco execs pressured to return £650,000 in bonuses July 31, 2023 Former executives of Wandisco are facing demands to return nearly £650,000 in bonuses received before the software company was embroiled in an accounting scandal earlier this year. Wandisco’s board has written to both David Richards, the firm’s co-founder and former boss, and Erik Miller, ex-finance chief, asking them to their last bonus payments, amounting to [...]
Labour slams Rishi Sunak’s plans to boost North Sea oil and gas July 31, 2023 Rishi Sunak's energy policies are "weak and confused" and will "not take a penny off bills", said shadow climate secretary Ed Miliband.
Lotus Eletre 2023 review: Shock of the new July 31, 2023 The Eletre is an entirely new kind of Lotus: a Chinese-built electric SUV that majors on performance and in-car technology. We drive it.
Anne-Sophie Pic: I’m holding back on getting more Michelin stars July 31, 2023 France’s Savoyard region is wonderful for foraging and Michelin-starred food. Olivia Palamountain touched down to meet lauded French chef Anne-Sophie Pic It’s high summer in Megève, an alpinetown in the Savoyard region of France. It is one of those pretty as a picture, pinch-me places that remind you why the French do life best; all [...]
Eurozone economy pulls away from recession as inflation slips again to 5.3 per cent July 31, 2023 The European economy is outperforming expectations and pulling away from recession as inflation continues to descend, official data out today shows. Growth across the 20 countries that use the euro hit 0.3 per cent in the three months to June, according to the bloc’s statistics agency Eurostat. That topped analysts’ expectations of a 0.2 per [...]
FTSE 100 close: London markets finish higher but investors cautious before BoE rate hike July 31, 2023 London’s FTSE 100 closed slightly higher this afternoon, after a tempered start to a week in which the Bank of England is expected to hike interest rates to their highest level since 2008. The capital’s premier index kicked off down 0.26 per cent, before bouncing back by close to 0.17 per cent on stronger than [...]
Fresh kicks: Fund manger builds stake in ailing Dr Martens July 30, 2023 An activist fund manager has reportedly been building a stake in struggling bootmaker Dr Martens. Sparta Capital has bought stock worth “tens of millions of pounds” in the London-listed footwear brand, according to reports by Sky News. It is said that Sparta is also engaging in talks with the board to help the brand as [...]
Stuart Broad: England fast bowler announces retirement at end of the Ashes July 29, 2023 England bowler Stuart Broad will retire from Test cricket following the Ashes. The 37-year-old made the announcement at stumps on day three of the final Test against Australia at the Kia Oval. Broad has taken 602 wickets in 167 Tests, making him the second most successful paceman in Test history behind team-mate James Anderson. “Tomorrow [...]
FTSE 100 close: British Gas owner propels to top of London index after record profit July 27, 2023 London’s FTSE 100 bumped higher today after a manic morning of company earnings gave a lift to market sentiment. The capital’s premier index added 0.21 per cent to reach 7,692.77 points, while the domestically-focused mid-cap FTSE 250, which is more aligned with the health of the UK economy, climbed 0.45 per cent to 19,273.37 points. [...]
LendInvest founder Christian Faes: Why I left London for California July 27, 2023 Fintech founder Christian Faes tells City A.M. why he's swapped London for California.