Bitcoin returns to a holding pattern as crypto markets pull back from this week’s gains May 24, 2023 Bitcoin couldn’t hold support at $27k, dipping 2% in the last 24 hours and starting today back below this key level.
Former Oasis frontman Noel Gallagher rips into Harry Styles in radio rant May 24, 2023 Former Oasis frontman Noel Gallagher has called Harry Styles and the current pop music landscape “embarrassing” in a rant on the radio. He lamented the bygone era of the 1990s when he says bands on the radio, and in the mainstream media were “mavericks,” unlike today’s musicians who Gallagher implied had less control over their [...]
London ‘busier and busier’ as return to office gathers pace – but demand for flexible working remains May 24, 2023 Great Portland Estates, a leading landlord in office space said London has got “busier and busier,” but noted that it does not expect the the recovery of offices in the capital to be “uniform” as a demand for flexible working and best space remains. Throughout the year, the property firm recorded £55.5m of leasing, as [...]
Inflation falls out of double digits to lowest level in a year but tops forecasts May 24, 2023 UK inflation has fallen into single digits but the price of food continues to spiral at the fastest rate in four decades.
Virgin Orbit: Branson’s botched rocket project sells off assets and ends operations May 24, 2023 Virgin Orbit, Richard Branson’s failed rocket project, announced it are selling remaining assets and will cease operations, just months after an embarrassing mission failure. In a statement, the “responsive space launch provider” said our “legacy in the space industry will forever be remembered. Its ground-breaking technologies, relentless pursuit of excellence, and unwavering commitment to advancing the frontiers [...]
M&S hopes share price continues to rebound after further signs of progress May 24, 2023 Marks and Spencer said this morning that it was starting to see the fruits of a refreshed strategy as the British retailer revealed a 9.6 per cent hike in revenues thanks to selling trendy clothes and a wider range of food. For the year, M&S said that revenues reached £11.93bn compared to £10.88bn, in the [...]
Deliveroo: Riders expose ‘grim reality’ of business ahead of AGM May 24, 2023 A storm of Deliveroo riders will demonstrate before the company’s AGM this morning to expose the alleged “grim reality” of working within London’s gig economy and rally for better pay and working conditions. Trade bodies, ShareAction and IWGB, which represent the workers are also coordinating Deliveroo riders to attend the company’s AGM, where they will [...]
Gaucho owner posts record-breaking results ahead of new Covent Garden opening May 23, 2023 The business behind leading Argentinian Steak Restaurant Gaucho has posted “record-breaking” earnings for the year as the group shrugged off inflationary pressures and strike action that disrupted business during the year. Rare Restaurants, which also owns the M and Crane Tap restaurants, posted turnover of £73.5m for the year, up 38 per cent from 2022, [...]
TRG: Nearly half of shareholders vote against chief’s hefty pay as tension with investors grows May 23, 2023 Shareholders dealt a major blow to The Restaurant Group (TRG) chief Andy Hornby today after large numbers voted against bosses latest pay packets. Hornby was stung by shareholders in the Wagamama’s owner after 46 per cent voted against the company’s pay report for last year at the firm’s annual general meeting in London. Hornsby received [...]
Bank of England governor Andrew Bailey and chief wonk Huw Pill admit they botched inflation forecasts May 23, 2023 Top officials at the Bank of England today admitted they have undershot the strength of inflation, with governor Andrew Bailey confessing the central bank has some “very big” lessons to learn over how it sets interest rates. MPs on the influential treasury select committee slammed members of the monetary policy committee (MPC) for failing to [...]