What are “accidental savers” doing with their surprise savings? July 14, 2020 Lockdown restrictions have curbed spending, resulting in higher savings in the UK. Some of this has found its way into the financial markets; actively managed responsible investment funds have been the biggest beneficiaries. The words “accidental” and “saver” don’t often appear in the same sentence together. Saving usually takes some effort and requires sacrifices and [...]
Nike shares fall as footwear giant could lose production of 160m pairs of shoes September 14, 2021 Nike is at risk of losing the production of 160m pairs of shoes after the shutdown of factory operations in Vietnam due to Covid. Nike shares were down 2.5 per cent on Tuesday morning after the sportswear giant was downgraded from neutral to buy at BTIG. Manufacturing in the country was paused in July after [...]
Capital People: Meet the Bond Street watch dealer serving Daniel Craig and the uber-rich December 2, 2022 London watch dealer Raj Jain has an interesting backstory, having bought and sold rare, antique and luxury watches in both the UK and Mumbai since the 1980s. An industry stalwart, he has been based in London’s fabulous and famous Bond Street area for almost three decades with a watch shop that’s “like a museum” but [...]
Ministers fear Bulb Energy collapse as energy crisis worsens – CityAM : CityAM October 29, 2021 Government ministers are increasingly fearful that Bulb Energy (Bulb) is on the brink of collapse and could cease trading as early as next week, according to Sky News. They are now accelerating contingency plans in case Bulb fails to find a rescue deal. The struggling energy firm has been working with US investment bank Lazard [...]
Energy saving measures could provide £7bn boost to UK economy September 20, 2022 A Government backed programme to insulate homes could inject £6.8bn into the economy by the end of the decade, says Greenpeace.
Good Energy braces for challenging winter with heavy hedging strategy September 20, 2022 Good Energy has adopted an ultra-conservative hedging strategy ahead of winter as it looks to navigate challenging market conditions.
Anatomy of a snack trolley: ‘Why is there always flapjack?’ April 11, 2024 Who decides what you eat when you fly or catch a train? Amelia Tait goes in search to the answer to the big question: 'Why always flapjack?'
HSBC quits US retail banking as it turns attention to Asia May 27, 2021 HSBC is withdrawing from the US retail banking market and selling parts of the loss-making business as it shifts its focus to Asia. The bank has long been trying to shrink its presence in some North American and European markets because it has struggled to compete with larger domestic players. In February HSBC unveiled a [...]
E-commerce grocery sales plateau boosts Aldi’s market share to peak levels June 22, 2021 The growth of e-commerce sales in the grocery market has plateaued, giving the likes of Aldi an opportunity to grow its market share after not making use of online sales in the past year. The percentage of e-commerce sales in the grocery market remained flat at 13.4 per cent in the four weeks to 13 [...]
Top 10 billionaires: Jeff Bezos boosts fortune by $13bn in one day July 21, 2020 Amazon founder Jeff Bezos leads a list of the world’s top 10 billionaires after seeing his personal fortune jump $13bn (£10.2bn) yesterday, in what is believed to be the largest single-day individual wealth jump of all time. Bezos’ net worth has swelled $74bn this year to $189.3bn, according to the Bloomberg Billionaire Index. The Amazon [...]