Mike Lynch: Extradited businessman hires Boris Johnson and Man City’s lawyer Lord Pannick for SFO data fight February 21, 2024 Pannick was reportedly on £10,000 an hour during Boris's Partygate hearing, when treble-winners Manchester City hired him to fight financial fair play breach claims.
Inflation on a ‘firm downward path’ and Bank of England risks a ‘hard landing’, MPC member says February 21, 2024 Policymakers at the Bank are increasingly facing the criticism that they risk being too slow to cut interest rates now that inflation is on its way back down to the two per cent target.
Hunt’s record January surplus isn’t the good news the Chancellor was looking for February 21, 2024 The £9.2bn undershoot on borrowing in the year-to-date is good news, but it won't have a big impact on how much headroom the Chancellor will have in the Spring Budget.
Angling Direct reels in revenue despite choppy retail environment February 21, 2024 Specialist fishing tackle and equipment retailer Angling Direct has continued to make profit despite disruptions from storms and an economic downturn. In an update, the publicly listed firm said revenue grew 10.2 per cent to £81.7m in the full year to January 2024. UK sales were also hiked nine per cent to £77m, as the [...]
Tate & Lyle blames inflation for slip in revenue February 21, 2024 The update comes just days after the 100 year old brand revealed it would remove the dead lion from its plastic golden syrup and dessert bottles. A lion's head with a bee will replace the iconic logo.
HSBC unveils record annual profits and fresh buyback but hurt by $3bn writedown on China bank holding February 21, 2024 HSBC has posted record annual profits on the back of higher interest rates and announced a new $2bn share buyback, while its earnings in the final quarter of 2023 were hit by $3bn in charges from its stake in a Chinese bank.
One clear trend from London Fashion Week? The tourist tax is failing retail February 21, 2024 London's fashion scene is envied globally, but getting rid of tax-free shopping is an own goal for our retail sector, writes Dee Corsi.
Ricardian Equivalence and why Britain’s really in a recession February 21, 2024 The intriguing factor governing low household spending isn't mortgages or energy prices, argues Paul Ormerod, but saving...
FTSE 100: What’s moving markets today? February 21, 2024 Asian shares follow Wall Street's decline, HSBC's full-year profit soars by 78%, Walmart hits a record high; investors await the Fed minutes and tech darling Nvidia’s earnings report for market direction.
Currys’ largest shareholder warns Elliott offer ‘highlights London equity market drain to US’ February 20, 2024 The head of Currys' largest shareholder Redwheel, a hedge fund formerly known as RWC said Elliott Advisors' proposed takeover offer of the retailer has “highlighted a wider problem with the UK equity market.”