British American Tobacco investors hope to cash in on pivot to vape sales June 2, 2023 Investors will be hoping Lucky Strike maker British American Tobacco (BAT) has stubbed out historic misconduct issues and is cashing in on its pivot to vapes and e-cigarettes. The FTSE 100-listed giant will give an update on its progress with a new boss at the helm when it unveils its trading update on Tuesday. The [...]
EP: 204 Epsom Derby Day & Hong Kong June 2, 2023 One of the world’s greatest races takes place at Epsom racecourse on Saturday when the 3 year old colts line up in the Betfred Derby on what is always a great day of flat racing. Today we hear from Irish trainers Aidan O’Brien and John Joseph Murphy ahead of the big race. Morning Wire Racing [...]
Twitter may be worth a third of what Musk paid for it last year, figures show June 1, 2023 Twitter may now be worth one third of what Elon Musk paid for the social media platform just seven months ago, figures show. Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55m (£5.28m). That is down from the nearly $20m [...]
Durex-maker Reckitt shakes up top level with new hire June 1, 2023 Durex-maker Reckitt has shaken up its top level management announcing the appointment of new presidents of its health and nutrition divisions. The new hires come two months after the cleaning-products-to-sexual-health company welcomed the appointment of Kris Licht as head of global business – with Licht taking over the role later this year. Patrick Sly, who is [...]
TEAM: AIM-listed asset manager in acquisition spree with £850m now under control June 1, 2023 TEAM, the Jersey-based asset manager, has announced two acquisitions today bringing its total funds under control to more than £850m It agreed to buy Thornton Associates, based in the Isle of Man, for up to £2.5m and that the acquisition was a “natural fit” for its existing assets in Jersey. Thornton serves around 180 clients, [...]
Sustainable partnerships June 1, 2023 | Sponsored With increasing focus being placed on CSR and ESG policies, the push for firms to take action to help tackle the UK’s climate challenge has never been stronger. This moment of increased engagement presents businesses across the UK with a unique opportunity to form partnerships and collaborations to enhance processes, products, and services, all in [...]
IEA: Renewable energy to ramp up by a third this year, driven by supply security fears and Chinese growth June 1, 2023 The world's renewable energy capacity will jump a third this year, revealed the International Energy Agency.
Prospective buyers hit with fresh blow as mortgage approvals continue to fall June 1, 2023 Prospective buyers continue to suffer setbacks as fresh data reveals that mortgage approvals fell during April. Net mortgage approvals for house purchases fell from 51,500 in March to 48,700 in April, figures from the Bank of England show, with experts predicting that the figure could fall further following the central bank’s decision to hike interest [...]
Oil prices stabilises after US debt ceiling vote as OPEC+ meeting looms June 1, 2023 Oil prices have stabilised today after the passing of a key vote on the US debt ceiling revived expectations of demand growth.