Superdry’s shares plunge 16.5 per cent as retailer downgrades guidance amid £17.7m of losses January 27, 2023 Superdry’s shares plunged 16.5 per cent this morning after the retailer downgraded its-full year guidance amid soaring losses. Instead of a profit of between £10m and £20m Superdry expects to break even, after losses soared to £17.7m in the first half of its 2023 financial year. This is a £21.7m decrease when compared to a [...]
FTSE 100 close: Wizz Air nosedives while JD Sports and 3i shine in London January 26, 2023 London’s FTSE 100 jumped today, led higher by private equity firm 3i soaring after it dropped a strong crop of results, prompting traders to pile into its shares. The capital’s premier index climbed 0.22 per cent to 7,761.55 points, while the domestically-focused FTSE 250 index, which better reflects the health of the UK economy, leapt [...]
Zelensky in tell-all English interview says it’s ‘not correct’ to say if ‘good guy’ Boris Johnson should return as PM January 26, 2023 Ukrainian President Volodymyr Zelensky branded Vladimir Putin a “nobody” as he suggested that it was too late for face-to-face talks with the Russian leader to make any difference. Zelensky, who turned 45 on Wednesday, also praised his “special bond” with Boris Johnson but declined to say whether he would like to see him return as [...]
Mark Kleinman: Britishvolt or British Steel? A tough political call January 26, 2023 In his weekly column, Mark Kleinman writes on Britishvolt, British Steel, UK Finance and a potential new boost for London's IPO market
Recession risks ramp up as UK economy goes ‘from bad to worse’ January 26, 2023 The risk of a recession striking the UK is gathering pace experts warned today as still extremely high inflation and collapsing confidence has resulted in the economy going from “bad to worse”. Swelling costs squeezing margins are forcing businesses to cut back production, while higher prices are eroding consumers’ incomes, knocking spending. Those two factors [...]
Pub body slams energy firms over sky-high bills amid calls for Ofgem investigation January 25, 2023 The UK's leading pub body went to war with the country’s energy firms yesterday, accusing them of profiteering.
Beyonce Dubai gig at Atlantis The Royal: Inside the world’s most lavish launch January 24, 2023 “There are two types of people in the world. The people that are in Dubai right now. And us.” So went the meme, shared tens of millions of times across the world this weekend. The occasion – as if you haven’t already heard – was the launch of a self-described “icon”, the Atlantis The Royal [...]
London to get its own highline – as Camden looks to emulate Manhattan January 24, 2023 Camden’s green garden in the sky took a step closer to reality after charity Camden Highline was given the go-ahead for the first stage of a project that will transform a section of disused Victorian railway into an overhead park. Garden designer Piet Oudolf, working with the London Wildlife Trust, is leading the design and [...]
The Notebook: Victoria Scholar on Chinese New Year, air fares and edible economics January 24, 2023 The notebook is where interesting people say interesting things. Today it’s Victoria Scholar, Head of Investment at Interactive Investor, on Chinese New Year, why air fares are on the increase and what we can learn about economics from food As the Chinese New Year begins, investors are increasingly turning their attention back to markets in [...]
Virgin Atlantic to honour Queen with new transatlantic plane January 23, 2023 Queen Elizabeth II will be honoured by British carrier Virgin Atlantic which will name its new Airbus after the late monarch. Sir Richard Branson-owned Virgin will unveil its new Airbus A330neo, called Queen of the Skies, after Her Majesty who died late last year. The plane is due to take to the skies in April [...]