Lucy Powell says she understands public’s frustration with Labour in office December 22, 2024 The state of the economy is “disappointing” and people’s frustrations with Labour’s performance in office are understandable, a Cabinet minister has acknowledged. Commons Leader Lucy Powell insisted the Government was turning the situation around but accepted she wanted to see economic improvements faster. She defended the “difficult decisions” taken by the Government, saying “we didn’t [...]
Bank of England governor to visit China with Chancellor December 21, 2024 Bank of England Governor Andrew Bailey will accompany Chancellor Rachel Reeves to China next month, Sky News said on Saturday, a visit intended to revive high-level economic and financial talks that have been frozen since 2019. Sky News said Bailey was expected to hold talks with Pan Gongsheng, the governor of the People’s Bank of [...]
Mark Kleinman: Boots’ dealmaker tries to formulate new potion December 19, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles buyouts at Boots, big bonuses at Natwest and Reeves’ China charm offensive Boots’ octogenarian dealmaker tries to formulate new potion If life begins at 80, then Stefano Pessina, the octogenarian pharmaceuticals [...]
BBC Match of the Day decision to cost bookies a triple payout December 18, 2024 The BBC will bash the bookmakers if, as expected, it names Kelly Cates, Gabby Logan and Mark Chapman as the successors to Match of the Day presenter Gary Lineker. Multiple betting firms offered markets on which host would replace Lineker when he vacates the hotseat after a quarter of a century in the job at [...]
London rents rise again as house prices hold: ‘It is nothing short of brutal’ December 18, 2024 Rents in London have continued to show double-digits rises despite a stablisation in the housing market and lower mortgage rates. Average UK private rents increased by 9.1 per cent in the 12 months to November 2024, with rents in London up 11.6 per cent, according to the latest ONS figures. Propertymark chief Nathan Emerson called [...]
Navantia on cusp of £70m rescue deal for Titanic shipyard Harland & Wolff December 17, 2024 Ministers are hoping to announce Harland's acquisition by the Spanish shipbuilder Navantia as early as Thursday, according to Sky News.
China accuses Britain of causing ‘trouble’ over spy linked to Prince Andrew December 17, 2024 The Chinese embassy in the UK has launched an incendiary attack on the British government today, saying London should stop causing “trouble” after it banned from Britain an alleged spy with links to Prince Andrew. Beijing’s representative in Britain issued its statement amid a furore over an alleged Chinese spy with links to the Duke [...]
How FTSE 100 giant Rolls-Royce became a ‘true phoenix from the ashes story’ after shares success December 17, 2024 If awards were being handed out for the best performer in the FTSE 100 this year, Rolls-Royce would surely be taking home all the top prizes after cementing its position as the index’s darling. The Derby-headquartered giant started 2024 with a share price of 298p which has since ballooned to a high of 594p, catapulting [...]
How the ‘Littler Effect’ helped Target Darts hit a commercial bullseye December 17, 2024 The Littler Effect helped Target to double its business and earned the teenager over £1m.
Grant Thornton UK partners green light private equity deal with Cinven December 16, 2024 Accountancy giant Grant Thornton UK partners have "unanimously voted in favour" of investment from private equity firm Cinven