Israeli security cabinet declares country at war after Hamas attack October 8, 2023 Israeli Prime Minister Benjamin Netanyahu’s office says his security cabinet has declared the country at war following a deadly Hamas assault in southern Israel. The decision, announced on Sunday, formally authorises “the taking of significant military steps,” it said in a statement.
Shell forecasts higher gas trading in second quarter October 6, 2023 Shell has said that trading in its gas segment will be higher over the third quarter than in the second, bouncing back from a challenging set of results in July. The energy giant also forecast that trading in its chemicals and products division would beat the second quarter. The London-listed firm’s adjusted earnings more than [...]
Microsoft chief says unfair practices by Google led to search engine dominance October 3, 2023 Microsoft chief executive Satya Nadella has said unfair tactics used by Google led to its dominance as a search engine and in turn thwarted his own company’s rival programme, Bing. He gave evidence in a packed Washington DC courtroom as part of the government’s landmark antitrust trial against Google’s parent company Alphabet. The Justice Department [...]
FTSE 100 close: London markets rise while pound rebounds after GDP revision September 29, 2023 London markets closed the week with a spring in their step as revisions to UK GDP figures were enough to send equities higher while the pound also strengthened.
FTSE 100 close: London’s bluechip index climbs into green as oil continues upward march to $100 September 28, 2023 BP and Shell both recorded gains as oil prices climbed to around $97.
Mark Kleinman: Boardroom pay battle, the mentoring boon and the football funding row September 28, 2023 Mark Kleinman gets the Square Mile talking in his weekly City A.M. column: this week on boardroom pay, the mentoring boom and the football broadcasting row.
Flutter: Betfair and Paddy Power owner pays £123m for Serbian betting company September 27, 2023 The owner of major betting companies such as Paddy Power and Betfair, Flutter Entertainment, has bought an initial 51 per cent stake in Serbian gambling operator MaxBet Kladionica. The Irish gambling giant shelled out €141m (£123m) for MaxBet with an option to acquire the remaining 49 per cent in 2029. Shares nudged up over one [...]
Facebook owner Meta shells out £149m to break London Regent’s Place lease September 26, 2023 Facebook owner Meta Platforms surrendered one of its two buildings at Regent’s Place, paying £149m at the end of September to break the lease. Property developer British Land revealed that the end of the lease will result in post interest savings of 0.6 pence for the half year. The £149m fee was first reported by [...]
Shell’s refusal to answer questions is an affront to ordinary shareholders September 25, 2023 Shell has told journalists it will only be answering analyst questions at its next trading update. That's bad for the City, and ordinary shareholders
Ukraine targets key Crimean city a day after striking Russian navy headquarters September 23, 2023 Ukraine has launched another missile attack on Sevastopol in occupied Crimea, a Russian-installed official has said. It comes a day after an attack on the headquarters of Russia’s Black Sea Fleet left a serviceman missing and the main building smouldering. Sevastopol was put on air raid alert for around an hour after debris from intercepted [...]