Wife of ‘McMafia banker’ agrees to forfeit golf club and Knightsbridge mansion August 5, 2024 The wife of convicted fraudster Jahangir Hajiyev has agreed to forfeit a mansion in Knightsbridge worth approximately £14m and a a golf club in Ascot, following a lengthy investigation by the National Crime Agency.
European airline results make for ‘depressing reading’, says Air Astana boss August 5, 2024 Air Astana on Monday reported record passenger half-year passenger numbers, driven by unexpectedly high demand from China.
Rachel Reeves to ‘bang drum for Britain’ on North America investment drive August 5, 2024 Rachel Reeves is set to “bang the drum for Britain abroad” as she jets to the United States and Canada in a bid to attract inward investment and confirm the UK is open for business.
Will the Rolls-Royce share price continue to defy gravity? August 5, 2024 Rolls-Royce has been the talk of the FTSE 100 over the last year. Will the share price rally ever end? (Yes, but not yet).
Losses from in-store retail fraud rise 2,000 per cent in 2024 August 5, 2024 Reports of in-store retail fraud rose by 545 per cent in the first six months of 2024 compared to 2023, while losses rose an estimated 2,000 per cent, according to new data. Figures from the NFIB Fraud and Cyber Crime Dashboard showed that in-store losses widened from £258,000 in 2023 to £5.4m in 2024. The [...]
US recession fears ease but markets remain firmly in the red August 5, 2024 US stocks cratered on Monday as the prospect of a recession in the world's largest economy spooked investors across the globe and tech giants were hit by a mass sell-off.
How the Bank of Japan fuelled the market rout August 5, 2024 Japanese equity markets suffered their worst day in decades as part of a global market sell-off fuelled in part by a long-awaited normalisation in Japan’s monetary policy. The Nikkei 225 lost 12.4 per cent on Monday, its worst day since 1987. The rout wiped out all the gains made by the Nikkei this year. The [...]
Yum: KFC and Pizza Hut owner surges back into the black August 5, 2024 Yum! Brands, the owner of KFC and Pizza Hut surged back into the black last year after a bumper year for its brands.
Nvidia and Apple lead losses as trillions wiped from Nasdaq tech stocks August 5, 2024 Trillions of dollars have been wiped from the Nasdaq-listed tech giants taking a nosedive amid a global stock sell off, as fears of a US recession are causing investors to run for the hills. The so-called Magnificent Seven’s combined market capitalisation has lost at least $2.3t (£1.8t), equal to a 15 per cent slide from [...]
London T100: What it means to redefine triathlon August 5, 2024 City A.M. recently partnered with T100 and attended its event over the weekend, where some of our staff had the chance to showcase what they were made of.