High gas prices are here to stay reveals Investec, as price cap predictions hit £5,000 August 11, 2022 Higher gas prices, including in the summer when demand is supposed to be at its lowest, are a long-term trend argued asset manager Investec.
Cegga Ferrari 250 TR review: one-off classic race car driven January 3, 2024 This stunning Cegga Ferrari 250 TR recreation is your ticket to racing at Goodwood Revival. Tim Pitt gets behind the wheel.
British Gas owner Centrica hands £250m to shareholders as profits surge November 10, 2022 British Gas owner Centrica will hand £250m to shareholders as high wholesale prices put the firm on course for massive profits.
UK unemployment ticks up but wage growth hits two-decade-high August 15, 2023 The rate of UK unemployment rose to 4.2 per cent in the three months to June from 3.9 per cent in the previous three months, the Office for National Statistics said. However, this was tempered by annual growth in pay – excluding bonuses – up to 7.8 per cent in June. This is the highest [...]
Markets bracing for tough week: China trade slows as zero-Covid policy has disastrous impact on economy May 9, 2022 With China continuing to pursue its zero-Covid policy the restrictions in Shanghai are having a chilling effect on economic output there, as well as port activity, or rather the lack of it, as container ships continue to sit off the Chinese coast waiting to be unloaded. This morning’s China trade data for April only serves to reinforce [...]
Recession to be more than twice as bad as first feared, forecasters warn January 23, 2023 The much touted coming recession in Britain will be twice as bad as first feared, new forecasts out today reveal. Soaring prices coupled with the Bank of England’s efforts to tame them are set to deal a heavier blow to GDP than projected just a few months ago. According to the EY Item Club, the [...]
Investment banks search for any port in a storm amid City’s dealmaking slump December 7, 2023 A listings drop off has hurt smaller investment banks and brokers. Now they may be looking for deals and combinations of their own.
New SFO director has ‘a massive mountain to climb’ as the anti-fraud agency looks to rebuild July 26, 2023 The new director of the Serious Fraud Office (SFO) faces a herculean task in rebuilding the agency’s reputation after a number of failures over the last few years, top City lawyers have warned. Earlier this month Nick Ephgrave, the former assistant commissioner of the Metropolitan Police, was appointed as the next director of the agency [...]
Blackrock must face up to its failures on ESG July 13, 2024 With multi-billion dollar greenwashing scandals unfolding across America, the ESG industry is facing a severe reckoning, says Blackrock’s former chief sustainable investment officer Tariq Fancy On April 18, this newspaper published an interview I gave entitled “ESG is dying – but that might be a good thing.” It traced market events since I began arguing [...]
Mark Kleinman: Boots owner Walgreens has shot itself in foot July 4, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.