Scrapping HS2 was a smart move – now bring on more bold action October 5, 2023 Structural reforms are one thing: cultural shifts are altogether more difficult. Many a football manager has learnt this over the years, where a formation change and a sprinkling of new talent in an under-performing club fails to make a difference because something in the club isn’t right. Creating winning cultures is hard. City bigwigs are [...]
Rio pins recovery hopes on mega Simandou iron ore project amid share price blows October 5, 2023 Could revive Rio Tinto's long-held ambitions of mining the world's largest untapped supply of high-grade iron ore revive its share price?
Services sector dips under weight of high interest rates as staff layoffs hit fastest pace since early 2021 October 4, 2023 The UK's service sector remained stuck in contraction in September for the second consecutive month, according to a closely watched survey, with firms laying off staff at the fastest rate since early 2021.
FTSE 100 close: London markets dip again as ‘chill winds’ dent sentiment October 4, 2023 London markets opened lower again on Wednesday as the gloomy market sentiment of the last few days continued following stronger than expected US data.
DX Group: Under offer logistics firm’s profits jump as EV investment drive continues October 3, 2023 Under offer logistics firm DX Group reported a jump in full-year profits as it continued to expand its network of depots across the UK and invest heavily in its electric vehicle (EV) fleet. The group, which offers services including logistics and parcel freight, saw pre-tax profits rise by a third to £26.8m, while revenues increased [...]
London business confidence stalls as concerns around inflation remain for firms October 3, 2023 Easing inflation has failed to improve business confidence in London, with just a quarter of firms anticipating the capital's economy to improve over the next year.
FTSE 100 close: London struggles to ‘regain mojo’ as US economy remains resilient October 3, 2023 London markets were uneasy this morning after strong data out from the US yesterday added to the impression that interest rates will have to stay higher for longer.
Ryanair and Wizz Air numbers rubbish fears of travel slowdown October 3, 2023 Ryanair and Wizz Air reported strong passenger growth over September, despite fears in the industry of a slowdown in demand following this years' summer bonanza.
M&A is finally finding a way out of last year’s doldrums as pace of deals picks up October 3, 2023 There are signs of M&A green shoots with pace of dealmaking picking up after rising interest rates, market volatility and geopolitical tensions
Stocks and sandals: Birkenstock targets over $9bn valuation in US IPO October 2, 2023 Birkenstock said today that it is seeking a valuation of up to $9.2bn in its highly anticipated US initial public offering.