Do Kwon released on bail May 12, 2023 Terraform Labs mastermind Do Kwon has been released on €400,000 bail as he awaits trial in Montenegro.
Disney woes and health of banks edged Wall Street lower May 12, 2023 Wall Street edged lower on Thursday, weighed down by a sharp drop for the Walt Disney Company and flaring fears about the health of some US banks. The S&P 500 lost 7.02 points, or 0.2 per cent, to 4,130.62, with two out of every three stocks in the index falling. The Dow Jones Industrial Average [...]
JD Sports drafts in new CFO amid shake up May 11, 2023 JD Sports has drafted in financial veteran Dominic Platt as its new chief financial officer, as the group ploughs ahead with its five-year growth strategy Platt is currently chief of finances at BGL Group, one of the UK’s top digital distributors of financial services and owner of Compare the Market, he also sits on the [...]
Rishi Sunak’s fate is cursed by 13 years of the Conservatives’ electoral success May 11, 2023 Local elections results are never a prediction for a general election, but still is not Keir Starmer who needs a miracle to find himself in Downing Street pretty soon, it's Rishi Sunak, writes Will Cooling
Non-compete clauses slashed as ministers begin post-Brexit regulatory changes May 10, 2023 Non-compete clauses will be slashed to three months in a bid to boost competition between employers, ministers announced today, as a key EU ‘sunset’ clause is ditched. It comes as part of a move by the government to scrap its own plans for thousands of EU laws to automatically expire at the end of the [...]
Sharon White: Embattled John Lewis chair survives confidence vote – just about May 10, 2023 John Lewis chair Sharon White will remain chief of the business after winning a vote of confidence on her future leadership, but remains under considerable pressure with partners voting against her performance over the last year. White secured one victory at a John Lewis Partnership meeting held on Wednesday, with a majority of partners saying [...]
London life: Why even the wealthy are paying more, as cost of renting in hot spots soars May 9, 2023 The wealthy are not immune to the capital’s strained housing market with rent in prime London locations including Chelsea and Mayfair rising 50 per cent in just two years due to a lack of supply. The average rent of premier London pads grew by 50 per cent in the 24 months to April, according to [...]
The advance of India ahead of China offers new ground for a Global Britain May 9, 2023 As India overtakes China as the most populous country, the UK should make the most of its historical ties to have influence as Delhi starts to throw Beijing's power off-kilter, writes Eliot Wilson.
UK to officially avoid recession in first half of this year as Bank of England readies twelfth straight interest rate rise May 8, 2023 Britain is set to have officially avoided a recession in the first half of this year in a sharp turnaround in fortunes for the country’s economy, figures out this week are expected to reveal. Gross domestic product (GDP), which measures the amount of goods and services produced in the UK, is anticipated to have risen [...]
Asos: Will fast fashion darling see share price fly off the shelf? May 7, 2023 Online fashion giant Asos is expected to post another half-year loss and shareholders will hope for signs of improving demand from cash-strapped shoppers. It is among fast-fashion retailers to have become heavily pressurised over the past year by a brutal combination of rocketing costs, supply chain disruption and weaker consumer spending. The FTSE 250 company [...]