US economy unexpectedly shrinks in sign of coming global growth cool down April 28, 2022 A sharp pullback in businesses spending to build up stock to avoid being spiked by intense supply chain disruption has led the US economy to unexpectedly shrink in a sign that global growth will cool this year. Stateside output dropped 1.4 per cent in the first three months of the year, a huge miss from [...]
Businesses splash £5bn on London offices as overseas firms eye UK capital April 28, 2022 Businesses have splashed £5bn on office assets in London in the first few months of this year – the highest level of investment since 2018, commercial real estate services firm Avison Young has revealed. The figure is more than double the amount spent in the same quarter last year, buoyed by recent high-value deals. The [...]
Barclays kicks shareholder goodies into long grass again after $15bn trading blunder April 28, 2022 British banking giant Barclays has kicked its share buyback programme into the long grass for the second time after it booked huge costs to draw a line under an unprecedented trading blunder, it announced today. The lender last month said it had sold more than $15bn (£12bn) of financial products than it was allowed to, [...]
Mixed bag for Glencore as output levels vary wildly across metals April 28, 2022 Mining giant Glencore endured a mixed bag in its production levels in the first three months of the year amid market volatility.
New West End Company chief leaves role as chief of business group for down under April 28, 2022 The head of the New West End Company is departing to oversee improvements to Sydney’s Western Harbour shopping district. After six years at the industry body, Jace Tyrell is leaving to head Australia’s first business improvement district (BID), the New Sydney Waterfront Company. NWEC works across 80 streets in the central London heartland, representing 150,000 [...]
Calls for mandatory levy resurface as industry clamps down on gambling harms and cost of living crunch April 27, 2022 GambleAware has called for a mandatory one per cent levy on post winning earnings from gambling operators as the government heads for industry reform.
Following worse-than-expected Q1 results, where next for the Alphabet share price? April 27, 2022 A key beneficiary of the covid-19 pandemic tech stock boom, Alphabet (NASDAQ: GOOGL) shares were changing hands for as much as $2,859 just three weeks ago. But after yesterday’s trading update, they sunk to as low as $2,215 in after-hours trading. Despite recovering to $2,305, worse may yet be to come. The Alphabet share price At first glance, Q1 results were [...]
Brits slash spending in another sign of looming economic woe April 27, 2022 The worsening cost of living shock is prompting Brits to cut back on unnecessary purchases in a further sign the UK economy is headed for a period of worse than expected growth, reveals fresh figures published today. Households are shunning luxury items in response to their living standards suffering a heavy blow from the highest [...]
Up in West Cumbria, the battle for coal has yet to find a winner April 27, 2022 In West Cumbria, a long stretch of coast right by the green hills of the wealthy Lake District, people have been worrying about jobs for a long time. So when the plans for the first new deep mine since the 1980s were first announced, most locals rejoiced. Fast forward to today, the plans haven’t yet [...]
Business growth boosts London Stock Exchange Group as it avoids big hit from Russia exposure April 27, 2022 Revenues at LSEG have risen 6.3 per cent over the first three months of the year, powered by business growth and high customer retention.