Sunak finally declares childcare agency his wife Akshata Murty holds shares in amid probe April 19, 2023 Rishi Sunak has declared the childcare agency his wife holds shares in as a financial interest as he is investigated over a possible breach of the rules. The delayed list of ministerial interests published on Wednesday contained for the first time a reference to “a number of direct shareholdings” owned by Akshata Murty. The Prime [...]
NDT Broadgate: £40m generated for UK economy by ‘revolutionary’ City of London arts project April 19, 2023 A piece of City of London land offered for free to 8,800 independent artists for twelve months has generated £40m in revenue for the UK economy. The NDT Broadgate initiative ran for twelve months in 2021 and 2022, providing rehearsal spaces, writing rooms, co-working areas, recording booths, studios and workshops to the creative community free [...]
Bank of England to hike interest rates to five per cent after inflation tops forecasts to stay in double digits April 19, 2023 UK inflation has smashed expectations to stick in the double digits, in a sign that the cost of living crisis is still gripping families and businesses across the country, prompting markets to bet the Bank of England will hike interest rates to five per cent. The rate of price increases trimmed to 10.1 per cent [...]
Is Britain too squeamish for OnlyFans? April 19, 2023 When they talk about OnlyFans in the US, they talk about the business model. In the UK, they can't get past the fact it's making money off of sex.
London’s Thirsty Thursdays help City Pub Group shares soar five per cent April 18, 2023 Shares in the City Pub Group rose 5.03 per cent to 83.50p after the firm delivered better than expected results and claimed it was “well-positioned to acquire other quality pubs at the right price”. The founder and chairman of City Pub Group said London had been the “key driver” to the group’s recovery as it [...]
Inflation sliding and tough Bank of England means the pound will see better days April 18, 2023 “Hope is not a strategy,” Jordan Rochester, a wonk at Japanese investment bank Nomura, said last September, referring to politicians’ attempts to revive the pound after it plummeted to its lowest level ever against the US dollar following Liz Truss’s tax cutting mini budget. A lot has changed since then. Chancellor Jeremy Hunt raised taxes [...]
Bank of England to shun interest rate hike for first time since November 2021 next month April 18, 2023 The Bank of England will keep interest rates unchanged at its next meeting on 11 May, marking the first time the central bank has not hiked borrowing costs since November 2021, a new survey out yesterday predicted. According to a survey by Bloomberg, more than half of City economists suspect Governor Andrew Bailey and the [...]
Exxon Mobil challenged by investors over climate goals ahead of AGM April 17, 2023 LGIM and CBIS have co-filed a shareholder resolution, calling on Exxon Mobil to provide more climate disclosures.
UK inflation poised to slip out of the double digits for first time since last summer April 16, 2023 UK inflation is poised to slip out of the double digits for the first time since last summer in what could be the beginning of the cost of living crisis gradually releasing its grip on families over the rest of the year. Official figures from the Office for National Statistics (ONS) on Wednesday are expected [...]
English football wants a piece of the American pie – but it’s not MLS April 15, 2023 From Todd Boehly’s private-equity-backed consortium at Premier League giants Chelsea to former Disney CEO Michael Eisner at Portsmouth in the third tier down to Hollywood stars Ryan Reynolds and Rob McElhenney at non-league Wrexham, the flow of football investment between the United States and Britain is well established. But it is not all one-way. Increasingly, [...]