FTSE 100: Bleak IMF UK recession warning tanks pound and London index markets London’s FTSE 100 dipped and the pound slumped this morning, both driven lower by the International Monetary Fund (IMF) warning the UK is on course to be the only major economy to tumble into recession this year. The capital’s premier index fell 0.66 per cent to 7,733.31 points, while the domestically-focused mid-cap FTSE 250 index, [...]
FTSE 100 close: London index kicks off new week softly ahead of expected Bank of England rate hike markets London’s FTSE 100 kicked off a new week in soft style today, with gains held lower by investors sweating over a string of big central banks raising interest rates this week. The capital’s premier index jumped 0.25 per cent to 7,784.88 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the [...]
Rio Tinto apologises after losing radioactive capsule in Australia Mining Rio Tinto has lost a radioactive capsule which emits the equivalent radiation of 10 X-rays an hour - after the product fell off a truck.
JD Sports data hack: Around 10m customers caught up in ransomware attack warned to be ‘vigilant’ of scam emails January 30, 2023 Around 10 million people might have had their addresses, phone numbers and email addresses among other things stolen in a hack that hit retailer JD Sports. The business said payment card details were safe, and that it has no reason to think the hackers have accessed users’ passwords. Hackers accessed a system which contained information [...]
Covent Garden owner Capco reports strong rental demand as West End gears up for its £3.5bn merger with Shaftesbury January 30, 2023 Trading conditions across the Covent Garden estate have been positive, in particular a successful Christmas trading period with like-for-like customer sales in aggregate exceeding pre-pandemic levels. Ian Hawksworth, chief executive of Covent Garden estate owner Capco, said: “There is continued momentum at Covent Garden with robust trading conditions, in particular a successful Christmas period,” said [...]
Unilever appoints new Dutch boss to deliver “step up” in performance at embattled giant January 30, 2023 A Dutch dairy boss who has sat as a non-executive board member at Unilever since last year will move into the CEO role at the consumer giant. Hein Schumacher has led the dairy firm Royal FrieslandCampina, an £11bn business operating in over 40 countries, since 2018. Schumacher’s appointment comes after embattled boss Alan Jope announced [...]
888: Share price tumbles after gambling boss quits amid money-laundering probe January 30, 2023 Itai Pazner, the boss of gambling giant 888, is to step down “immediately” from the top of the business which he has led for four years – just weeks after the firm’s chief financial officer walked. The firm announced the move to markets in a terse statement this morning. It also announced it had launched [...]
Sir Nigel Wilson: City grandee to step away after decade of success at Legal and General January 30, 2023 Respected City grandee Sir Nigel Wilson will step away from the top job at Legal & General after more than a decade at the helm. The insurer and pensions provider announced Wilson’s planned retirement to markets this morning. Wilson will stay with L&G until a successor is found, with the firm expecting that process to [...]
House prices: Zoopla says UK property market is off to ‘slow burn start’ with London flats in most demand January 30, 2023 The housing market in the UK has got off to a slow in 2023 with demand for cheaper, smaller properties on the rise as recession fears continue to wobble the market, according to estate agent Zoopla. Zoopla’s house price index appeared to show that buyers were holding off from entering the market and were biding [...]
Week ahead: FTSE traders eye Shell and BT results as Bank of England prepares for another rate hike January 29, 2023 London traders are gearing up for a big week of corporate results, with UK giants Shell, BT Group, Glencore, GSK and Vodafone Group updating markets. Shell is due to announce their final results for 2022 on Thursday and are expected to post record profits as oil giants continue to benefit from the global energy boom. [...]