Hugh Osmond-backed Various Eateries plots Noci expansion as it absorbs inflation price hikes February 1, 2024 The firm said it would open 10 more of its Italian inspired Noci restaurants and three more Coppa Club sites.
Revealed: Sadiq Khan’s bumper New Year’s Eve firework budget hit £4m February 1, 2024 It said the authority "does not hold the final costs for the 2023 event - these are still being reconciled" and it was also unable to say what the most expensive individual firework was during the display.
FTSE 100 today: London markets brace for cautious start amid weak global cues, BoE policy decision holds key February 1, 2024 Asian markets mimic Wall Street's decline while oil prices rise amid Middle East tensions. Investors await the Bank of England policy decision and focus on upcoming earnings reports from Apple, Amazon, and Meta.
Fed leaves interest rates at 22-year high but pushes back on rate cuts January 31, 2024 The decision means the federal funds rate will remain at a 22-year high, standing in a range of 5.25 to 5.50 per cent.
Former Autonomy boss sues SFO ahead of US fraud trial January 31, 2024 Mike Lynch, the former boss of software firm Autonomy, has filed a lawsuit against the UK's fraud agency ahead of his criminal trial in the US.
FTSE 100 close: Bluechip index closes lower as investors await Fed’s interest rate decision January 31, 2024 London’s FTSE 100 closed in the red as investors await the latest interest rate decision from the US Federal Reserve later today, while big tech results last night soured risk sentiment. The FTSE 100 ended 0.47 per cent lower at 7,630.57 while the midcap FTSE 250 index, which is more aligned with the health of [...]
Inflation in Germany and France falls as markets look for spring interest rate cuts January 31, 2024 Inflation in Germany and France fell significantly in January, raising the chances that the ECB will lower interest rates before spring.
Cashing out: UK investors were ‘most negative’ last year with exodus from equities January 31, 2024 UK investors were the “most negative” of any country in 2023, withdrawing $1.8bn (£1.4bn) from equity funds throughout the year. Globally, the value of mutual funds rose to $10.7trn throughout 2023, largely due to surging asset prices, undoing the damage done by mass withdrawals in 2021, data from Calastone’s Global Fund Flows report revealed. The [...]
Central London Alliance calls on Treasury to reinstate tax-free shopping and generate an estimated £10 billion January 31, 2024 Ahead of the budget announcement on 6 March 2024, Central London Alliance (CLA) has submitted a proposal calling for the Treasury to reinstate tax-free shopping in efforts to help the retail sector recover from post-pandemic challenges. CLA backs requests by the retailers to reintroduce the scheme allowing foreign visitors to the UK to shop tax-free. [...]
Hydrogen specialist ITM Power quadruples revenues as turnaround plan delivers January 31, 2024 Hydrogen energy storage company ITM Power has quadrupled revenues and cut losses one year on from the adoption of a company-wide transformation plan. The hydrogen energy storage company reported that revenues for the six months period ending October 2023 came up to £8.9m from £2m year-on-year while adjusted EBITDA loss was slashed from £54.1m to [...]