FirstGroup hopes to win back shareholders’ good graces by handing out half a billion July 22, 2021 Rail operator FirstGroup has tried to win back the good graces of its shareholders by announcing it will give half a billion pounds to them following the unpopular sale of two US businesses. The company has proposed returning £500m to shareholders, from the sale of the school bus and transit divisions stateside. The figure is [...]
Scotch on the blocks: The world’s most expensive whisky auction June 10, 2022 Sotheby’s has partnered with spirits giant Diageo to sell what could be the most expensive casks of Scotch whisky ever sold at auction. The casks in question are two of the rarest single malts in existence, from two of Scotland’s most legendary distilleries; a 1979 Port Ellen, from the island of Islay, and a 1982 [...]
More than a year after Russia’s invasion of Ukraine some firms still can’t – or won’t – quit Moscow May 25, 2023 Some global companies are still operating in Russia more than a year on from the country’s invasion of Ukraine. Firms were quick to respond to the full-scale war, which broke out last February, with some saying they would quit Russia immediately and others curtailing imports or new investment. Billions of pounds of factories, energy holdings [...]
European gas prices reach record highs as flows on key pipeline move towards Russia December 21, 2021 European gas prices hit record levels on the same day power prices peaked on the continent, as flows on the Yamal-Europe pipeline moved eastwards.
Inflation jumps to 9.1 per cent: Worried City insiders respond to consumer prices climbing again June 22, 2022 The rate of inflation rose again in May, remaining at 40-year highs, the Office for National Statistics said this morning. The rate of Consumer Prices Index inflation rose slightly to 9.1 per cent in May from 9 per cent in April, according to the ONS. The increase matches what analysts had expected. “Though still at [...]
Octopus enters race for collapsed supplier Bulb with eleventh hour bid June 11, 2022 Octopus Energy has made a last minute offer for Bulb Energy, establishing a three-way tussle for the UK’s seventh biggest energy supplier.
The art of war – SAS soldier hopes to make a mint for charity with NFT digital artwork December 13, 2021 A British special forces soldier is bringing the brutality of the battlefield to the world of art by releasing a series of digital artworks in a bid to raise awareness of environmental issues - particularly those caused by conflict.
From Abramovich to the Saudis: Football clubs have become the laundry for muddy reputations March 4, 2022 In 2003, Roman Abramovich bought Chelsea Football Club. In the years thereafter, a perennial underachiever became one of the most successful clubs in English football, a five-times Premier League champion and twice winner of the Champions League, the pinnacle of European football. Today, they are the reigning European and world club champions. Results on the [...]
UK house prices dip as coronavirus lockdown makes sales ‘almost impossible’ April 20, 2020 UK house prices dipped during the coronavirus lockdown as experts warned the housing market was barely functioning due to the restrictions. The latest data from Rightmove showed that the average price of property coming to market dipped 0.2 per cent to £311,950. In April last year UK house prices increased 2.1 per cent. However, Rightmove [...]
Crypto markets flat as MicroStrategy announces another massive Bitcoin purchase March 30, 2022 The price of Bitcoin is currently holding steady at about $47,400 with the Ethereum price treading water at $3,400.