Bank of England: Government names economist Alan Taylor as new rate-setter August 16, 2024 The government has appointed economist and Columbia University professor Alan Taylor to the Bank of England's Monetary Policy Committee (MPC).
Entain: Paris Olympic bets doubled from Tokyo as time zone proves more convenient August 16, 2024 According to sports betting giant Entain, gamblers worldwide placed bets on the 2024 Olympics at double the rate of the Tokyo Games as the Paris time zone was apparently more convenient for punters. Across Entain’s brands, the men’s basketball final was the most popular betting event, with the showdown between the USA and France generating [...]
UK could be ‘best performing economy’ so far in 2024 after week of data August 16, 2024 It's been a busy week for the Office for National Statistics (ONS), publishing a raft of statistics on the UK economy for traders and Bank of England ratesetters to digest.
Burberry shares plunge to a 14-year low, but what’s behind the collapse? August 16, 2024 Once a beacon of British heritage and craftsmanship, Burberry’s recent decline has been striking. Shoppers and investors seem to have fallen out of love with the retailer. Sales have plunged, and Burberry shares have fallen 70 per cent over the past year. Earlier this week, the stock touched a 14-year low before rebounding. While the [...]
More rail strikes coming: Aslef accuses LNER of ‘bullying’ and breaking agreements August 16, 2024 The Aslef train drivers union has called for industrial action every weekend until November, citing a “breakdown” in relations with the LNER train company. In an announcement this morning, the leader of the union said the company’s “continued failure” to sort out long-standing issues had “forced us into this position.” Drivers on the east coast [...]
EP: 291 Newbury, Ripon & Newmarket August 16, 2024 The Hungerford Stakes and Geoffrey Freer Stakes are the two Group class races at Newbury’s Premier Meeting on Saturday with Ripon staging the 6-furlong Great St. Wilfrid Handicap as their feature event. They also race at Newmarket on Saturday where the grey horses take each other on over 6 furlongs. City AM Racing editor Bill [...]
The UK tech and media companies making the most of AI August 16, 2024 As the artificial intelligence (AI) revolution sweeps through the tech and digital media sectors, some companies are embracing its potential more effectively than others, according to a recent report by Shore Capital. The investment firm has zeroed in on companies where AI is more than just a buzzword and can “accelerate an already positive investment [...]
ULEZ: Sadiq Khan to shut scrappage scheme as London drivers scramble to apply August 16, 2024 London Mayor Sadiq Khan will close the ULEZ (Ultra Low Emissions Zone) scrappage scheme next month as drivers in the capital scramble to make last-minute applications. The announcement comes after Khan expanded the controversial scheme to more areas of greater London shortly before his re-election earlier in the year. The scrappage scheme, which drivers can apply to [...]
Donald Trump discloses $513m in income from US golf clubs and resorts August 16, 2024 Former president Donald Trump’s latest financial disclosure revealed that he has made over half a billion in income from his US golf clubs and resorts and is facing hundreds of millions in legal problems. A Bloomberg analysis of the Republican presidential nominee’s 265-page filing highlighted that the businessman-turned-politician listed a total of $513m (£398m) in [...]
PwC fined £15m by FCA after London Capital & Finance fraud failure August 16, 2024 PwC has been fined £15m by the Financial Conduct Authority after it failed to alert the regulator that London Capital & Finance (LCF) might be involved in fraudulent activity. In the first ever fine issued by the FCA to an audit firm, the watchdog said that PwC had encountered “significant issues” throughout their 2016 audit [...]