The week that was: London woes, hedge funds short on water, and confusing jobs data April 20, 2024 Confusing inflation data, further tribulations for water firms and yet more woes for the London Stock Exchange, we review another busy week in the City.
FTSE 100 close: Tumbling pound boosts London index as Ocado slides June 28, 2023 London’s FTSE 100 sprang higher today, aided by the pound clocking a dreadful day. The capital’s premier index jumped 0.52 per cent to 7,500.50 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, leapt 1.98 per cent to 18,412.81 points. Early advances in the City [...]
Why the prospect of a Shein listing is dividing the City of London May 22, 2024 Shein's plans to reportedly float on the London Stock Exchange have been seen as a welcome boost in some quarters. But the Chinese founded fast-fashion giant is posing difficult questions for the City, writes Charlie Conchie
UK tech scene continues to defy pessimists with three new unicorns this year December 12, 2023 The UK's tech boom continues with three new unicorn startups this year, according to new data by Pitchbook.
ULEZ: Dutch lorry firms launch High Court challenge over £6.5m in fines in blow to Sadiq Khan December 27, 2023 Transport for London (TfL) could be forced to pay back millions in ULEZ fines after Dutch lorry firms launched a legal challenge in the High Court.
Melrose co-founder eyes up London-listed firms with ‘2.0’ aerospace venture April 14, 2024 Chris Peckham believe there is a host of under-valued companies on the stock exchange.
London hedge fund founder arrested on market manipulation allegations September 2, 2022 A London hedge fund co-founder has been arrested in Spain for an alleged foreign-exchange market manipulation scheme to trigger a $20m payment. Neil Phillips, 52, has been accused of conspiring to artificially manipulate the US dollar-South African rand exchange rate in charges brought forward by the US. Damian Williams, US attorney for the Southern District [...]
Both Tories and Labour are being dishonest about immigration March 12, 2024 If the government tries to drastically slash immigration, it is in danger of cutting off one of the UK economy's success stories, Chris Dorrell writes.
Private bank Julius Baer fined £18m over ‘corrupt’ dealings with Yukos Oil November 30, 2022 The UK’s financial watchdog has fined private bank Julius Baer more than £18m over its “corrupt” dealings with Russian oil company Yukos Group. The UK’s Financial Conduct Authority (FCA) today fined Julius Baer’s international business £18,022,500 and sanctioned three of its executives, over the private bank’s use of third-party agents in carrying out business with [...]
Pound sinks to lowest level against US dollar since 1985 September 7, 2022 The pound today sunk to its lowest level against the US dollar since 1985, driven by investors sweating over the health of the UK economy and a borrowing splurge. Sterling fell to $1.1406 briefly today, marking another dismal milestone for the currency. The last time the pound fell that low was when Margaret Thatcher was [...]