Frasers: The boy done good! Ashley son-in-law guides firm to £5bn revenue July 27, 2023 Frasers Group revenues surged 15.8 per cent in the last financial year, totalling £5.56bn, as the retail powerhouse shows signs of performing well under the reign of new chief Michael Murray. Murray, who is the son in law of founder and business tycoon Mike Ashley, took over the business in 2022 after Ashley announced plans [...]
Nissan and Renault reach alliance deal as China struggles mount July 26, 2023 Nissan will invest up to $663m (£513m) in Renault’s new electric vehicle unit, the automakers said on Wednesday, as they finalised terms of their restructured partnership after months of negotiation clouded by tension. Sealing the deal is likely to be seen as a positive. Talks between the two had dragged on months longer than expected, due [...]
The law is sufficiently clear for the UK to become a global leader in digital assets July 25, 2023 Bittrex Global CEO Oliver Linch discusses why the Law Commission's report on digital assets should spur the UK government into action.
UK recession risk just got a whole lot lower after inflation undershoot July 25, 2023 From the Bank of England to recession warnings, Jack Barnett gets under the skin of Britain’s economy in his weekly column Bank of England Governor Andrew Bailey would not have been the only person in the City last week breathing a sigh of relief after the better than expected inflation numbers. It was the first [...]
Papa wasn’t a Rolling Stone? You can still be an investor in their top songs July 25, 2023 A Rolling Stone song could soon be a better investment than property, as top hits quickly become an asset class of their own luring in investors, writes Elena Siniscalco
A new ‘thing’ on the block? July 20, 2023 With 'fleeting' positivity, lawyer Charlotte Tregunna believes the crypto industry is hearing the right noises over regulation.
FTSE 100 close: Dovish Bank of England interest rate bets extend London gains July 20, 2023 London’s FTSE 100 extended gains today as traders continued to cheer signs that UK inflation may have finally turned a corner. The capital’s premier index hopped 0.76 per cent to 7,646.05 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was broadly unchanged at 19,311.73 [...]
It showed insurance is a tangible thing July 20, 2023 It can lead you astray,” says Rupert Moore with a chuckle as we discuss Japan’s variety of fried food options. It’s a country he knows well – Moore, now UK CEO of Reinsurance Solutions for global professional services giant Aon, worked out there for the firm for 10 years. And it’s to Japan he goes [...]
Vistry reports 22 per cent slide in home completions as rate hikes bite July 20, 2023 Vistry Group said the number of homes it completed during the quarter was down 22 per cent compared to the same period last year, as surging mortgage rates continue to hit UK housebuilding companies. The London-listed firm blamed a “tough” economic climate for the decline, with the housebuilder completing 2,847 homes in the period down [...]
Inflation tumbles faster than expected to its lowest level in over a year at 7.9 per cent July 19, 2023 Inflation has slimmed to its lowest level in over a year and is falling faster than expected, raising the chances of the Bank of England hiking interest rates at a slower pace next month, official figures out today reveal. The rate of price growth fell to 7.9 per cent in June, down from 8.7 per [...]