Gary Gensler’s ongoing dogfight with crypto rattles digital asset markets June 6, 2023 Bitcoin is down more than 4% this morning, while Ethereum is in the red by around 3% as the SEC's case against Binance hits markets.
BAT: Lucky Strike maker has 900,000 new customers in vape and e-cigarette shift June 6, 2023 Lucky Strike maker British American Tobacco has seen its share price jump this morning after its new chief executive predicted a three – five per cent rise in organic revenue this year thanks to its decision to ramp up investment in cigarette alternatives. Its shares rose 1.26 per cent when markets opened this morning, as [...]
Cost of weekly shop continues to rise as Brits opt for TV nights in June 6, 2023 Brits are continuing to fork out more on their weekly shop, with households spending 8.9 per cent more on groceries year on year, with the nation increasingly turning to takeaways and nights in front of the telly in efforts to cut down on spending costs. During May, consumer card spending rose just 3.6 per cent [...]
Investment slump amid higher interest rates risks finally sparking UK recession June 6, 2023 A mix of factors are buffeting the UK economy right now. Spending power is being crushed by high inflation eroding family finances. House prices are coming off their heady heights as sellers drop prices to source buyers amid higher mortgage rates. External demand is thinning in response to weak consumer confidence amid a global cost [...]
Tory MPs slam Labour over move to hire former Extinction Rebellion lawyer June 5, 2023 Conservative MPs have slammed the Labour Party over its decision to hire a former Extinction Rebellion lawyer as a senior political advisor.
Mighty Hoopla 2023: 7 iconic moments we’ll remember forever June 5, 2023 Drag, cabaret, live performance… Britain’s most colourful music and arts festival, Mighty Hoopla, has wrapped for another year. The festival welcomed over 60,000 people to London’s Brockwell Park over the weekend, and has become famous for uniting Britain’s pop music fans and LGBTQ people over two days of the most vibrant staging the festival circuit [...]
Boosting renewables is the best way to just stop oil, says Octopus Energy boss June 5, 2023 The best way to 'Just Stop Oil' is to accelerate the transition to renewable energy, argued the boss of Octopus Energy Greg Jackson.
Private equity giant CVC drawing up bid for Center Parcs June 5, 2023 Global private equity firm CVC Capital Partners is reportedly drawing up an offer to buy Center Parcs after its current owner Brookfield put the holiday resort chain up for sale last month.
Asos share price leaps after report of £1bn takeover bid June 5, 2023 Asos‘s share price jumped 11.8 per cent this morning after a report emerged yesterday that the struggling retail chain received a £1bn takeover bid from a Turkish retailer backed by Chinese e-commerce giant Alibaba. Trendyol, an up-and-coming fast fashion retailer, was understood to have approached Asos in late December, according to a report in The [...]
New car sales are on the up as supply chain issues ease June 5, 2023 Sales of new cars in the UK increased again last month, new figures out today revealed, marking the tenth successive month of sales growth.