Boris Johnson quits leadership battle leaving path clear for favourite Sunak October 23, 2022 BORIS JOHNSON has sensationally ruled himself out of the running to become Conservative party leader, making Rishi Sunak the odds-on favourite to become the country’s next Prime Minister. Johnson claimed he had secured the backing of more than 100 MPs – the threshold needed to get on the ballot to become Liz Truss’ replacement – [...]
UK borrowing hits December record of £27.4bn piling pressure on Hunt ahead of March budget January 24, 2023 UK borrowing in December hit its highest total in 30 years driven upwards by the government’s debt interest bill soaring due to raging inflation, official figures out today show. The government took on £27.4bn of debt last month, the largest amount since records began in 1993, according to the Office for National Statistics (ONS). The [...]
FTSE 100 close: Ocado emerges as top dog in 2023 so far, but index pulls away from record high January 18, 2023 London’s FTSE 100 finished slightly lower today, dragging it further away from its record and signalling traders are looking through signs UK inflation has passed its peak and could be a downward trend this year. The capital’s premier index dropped 0.27 per cent lower to 7,830.71 points, while the domestically-focused mid-cap FTSE 250 index, which [...]
Putin pushes for rouble payments causing gas prices to spike March 23, 2022 Russia will seek payment in roubles for gas sales from “unfriendly” countries revealed President Vladimir Putin today.
As more fund managers look to merge, an overly hasty marriage could be a set back April 24, 2023 The proposed acquisition of Swiss fund house GAM by Liontrust comes after a series of major mergers, writes Neil Vernon
Harlequins’ Sarah Bonar on Big Game 15: ‘Women’s rugby actually marketable now’ December 28, 2023 Club rugby at the home of the sport, Twickenham Stadium, is nothing new to the men’s Premiership with regular fixtures and finals played at the iconic arena every season. But this weekend’s clash between Harlequins’ women and reigning Premiership Women’s Rugby champions Gloucester-Hartpury is the third in what is hoped to be an annual fixture [...]
Rishi Sunak hits back at critics of inflation promise but warns government ‘can’t help anybody’ if prices don’t fall January 8, 2023 Rishi Sunak has today claimed halving inflation by the end of the year – one of his five promises to the British public – will happen “because of the plans [the government] have put in place”. Speaking to the BBC’s Sunday with Laura Kuenssberg programme, the prime minister doubled down on a series of pledges [...]
Taxpayer bill for Bulb could top £1bn as energy prices soar December 22, 2021 Running failed energy supplier Bulb could could cost taxpayers over £1bn as the price of gas continue to rocket, according to reports. Bulb was left to shoulder the spiralling cost of gas after administrators were instructed, at short notice, by the government to buy most of its wholesale energy needs, sources told The Times, which first [...]
What now for Standard Chartered, and why is the bank still a takeover target? February 15, 2023 Standard Chartered found itself the target of takeover talks last week, after Bloomberg reported that First Abu Dhabi Bank was ready to make an offer once the cooling off period from its last offer, which had been just weeks earlier in January, had passed. The rumours were quickly quashed by First Abu Dhabi Bank (FAB), [...]
Burger King UK’s owners court investors ahead of £600m float February 14, 2022 Burger King UK’s private equity owners have begun a charm offensive with investors as they look to build support to float the firm’s UK division in the first half of this year.