Rising oil prices won’t derail fight against inflation, experts reckon September 28, 2023 Inflation is likely to continue on its downward trajectory despite a recent surge in oil prices, experts told City A.M.
Are we in the age of the ‘permacrisis’? September 28, 2023 Michael Spence and Mohamed El-Erian tell City A.M. about the age of the ‘permacrisis’ as they release their new book with Gordon Brown.
Snap to close new augmented reality division after launching in March September 27, 2023 Snap announced today that it is shutting down its augmented reality services division just months after it launched.
Average five-year fixed mortgage rate slides down towards six per cent mark September 27, 2023 The average five-year fixed-rate homeowner mortgage is edging closer to falling back below the six per cent mark, according to figures from a financial information website.
FTSE 100 close: London markets dip as Ithaca share price up on Rosebank approval September 27, 2023 London’s FTSE 100 index dipped on Wednesday as the pound continued its losses, and the government approved the UK’s largest untapped oil field, Rosebank. The capital’s premier bluechip index dipped 0.46 per cent to 7,590.96, while the FTSE 250, which is more aligned with the UK domestic market, fell 0.6 per cent to 18,227.33. Markets [...]
Pendragon: Car dealership’s profits leap as it finds itself in three-way bidding war September 27, 2023 Car dealership Pendragon has posted higher half-year profits as the group finds itself at the centre of a three-way takeover tussle. Its half-year figures, which come just hours after it revealed a rival bid approach from US car retail giant Autonation, show pre-tax profits rising 10.6 per cent to £36.4 million in the six months [...]
Saga U-turn on selling underwriting business as insurance division hit by hikes September 27, 2023 The over-50s specialist Saga has walked back plans to offload its underwriting business due to unfavourable market conditions
Shepherd Neame: Pub chain posts record revenues as inflation woes start to cool September 27, 2023 Britain's oldest brewer Shepherd Neame is toasting record high first-half revenue as inflationary challenges begin to ease.
Donald Trump defrauded banks and insurers as he built his empire, judge rules September 27, 2023 A judge has ruled that Donald Trump committed fraud for years while building the real estate empire that catapulted him to fame and the White House. Judge Arthur Engoron, ruling on Tuesday in a civil lawsuit brought by New York’s attorney general, found that the former president and his company deceived banks, insurers and others [...]
HS2: Five Labour mayors including Burnham and Khan to demand PM keeps project on track September 27, 2023 Five Labour mayors will gather in Leeds to issue a joint plea to the Prime Minister not to cut HS2 further. Rishi Sunak is facing a political backlash over reports he is weighing axing the Birmingham-Manchester leg of HS2 amid soaring costs. On Tuesday, Home Office minister Chris Philp said Mr Sunak was reviewing how [...]