Trump says he will fire Federal Reserve governor August 26, 2025 President Donald Trump has said that he is firing Federal Reserve governor Lisa Cook. The unprecedented move would constitute a sharp escalation in his battle to exert greater control over what has long been considered a financial institution independent from day-to-day politics. Mr Trump said in a letter posted on his Truth Social platform that [...]
My favourite Nasdaq-listed, Chinese-owned, Cayman-incorporated Scottish castle August 22, 2025 A question: what’s the fastest-growing hotel group in Britain? You might opt for Premier Inn, the Whitbred-owned budget chain that’s set to open more than 1,000 new rooms this year. A wildcard choice might be Yotel, the group set up by Yo! Sushi man Simon Woodroffe that’s ballooned from a single site in 2007 to two dozen [...]
Where to eat in Paris, from pho to foie gras August 22, 2025 It’s easy to eat badly in Paris. Of course it’s easy to eat badly in every major city, but instead of the chain restaurants that stitch together London and temper expectations, Paris eating often involves a sprawling brasserie with tiny tables and an average steak haché at far from average price. Paris Syndrome is real. [...]
UK banks carry out sweeping branch closures as customers go digital August 22, 2025 Some of the biggest traditional banks have shut more than one in three of their UK branches over the past five years as they turn away from the high street and dash to bulk up their digital offerings. Data from the Office of National Statistics (ONS) shows the number of bank, credit union and building [...]
Should we be worried about Instagram’s map feature? August 20, 2025 Instagram’s new location-sharing feature, dubbed ‘Instagram Map’, has been rolled out to 170m users, but a journey through the platform reveals a perplexing reality: it’s a digital ghost town. While Instagram’s parent, Meta, has billed the feature as a “new, light way to connect”, many users are finding themselves alone on the map, prompting a [...]
House prices recover after stamp duty hit August 20, 2025 House prices are rebounding from a post-April decline caused by Chancellor Rachel Reeves’ hike to stamp duty, official data has shown. The official house price index rose by 3.7 per cent in the year to June, according to the Office for National Statistics (ONS), which was higher than 2.7 per cent growth seen in May. [...]
Defence: Babcock, BAE, Rolls-Royce plunge on Ukraine summit August 19, 2025 London-listed defence stocks plunged across the board on Tuesday, after this week’s talks between Washington and Ukraine led traders to pare back bets on the role that European countries will play in any post-ceasefire peacekeeping efforts. Shares in FTSE-100 engineering group Babcock – one of the best performing companies on the London Stock Exchange this [...]
Horizon fallout: How the SRA is turning up the heat on City firms August 19, 2025 Following the Post Office Horizon scandal, the SRA is turning up the heat on in-house solicitors. Here's what it means for City firms.
Corinthia London: Profit slashed at five-star hotel despite revenue spike August 14, 2025 Profit has been slashed at five-star hotel Corinthia London despite its revenue spiking by 80 per cent, it has been revealed. The hotel, which is located on the corner of Northumberland Avenue and Whitehall Place, has posted a pre-tax profit of £67,600 for 2024, new accounts filed with Companies House show. The figure is down [...]
Business investment falls as alarm bells rung on low productivity August 14, 2025 Business investment fell by four per cent in the second quarter of the year despite moderate growth of 0.3 per cent, official data has shown, as top economists are ringing alarm bells on low productivity levels across the UK economy. The Office for National Statistics (ONS) said there was a dramatic fall in investment compared [...]