According to the International Energy Agency, the growth of renewable energy capacity in 2023 was the fastest in the past 20 years. This could help the world reach a major climate goal by the end the decade. According to the IEA, renewable energy capacity in the world increased by 50% in the past year, reaching […]

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According to the official standards body of the industry, in 2023 heat pump installations will reach record levels, as well as rooftop solar panel installations. Last year, almost 190 000 rooftop solar systems were installed, which is the highest number since the government cut its subsidy program in late 2011. According to data, the number […]

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What is the name of an Italian restaurant which does not serve pizza? The jokes at the Edinburgh Fringe Festival in 2022 were based on the restaurant Gusto’s. The Italian restaurant did not serve pizza because there was no one to handle the pala (the long-handled tray that is used to transport the dough into […]

The post Why Home Office’s visa plans are a ‘nail on the coffin’ to UK hospitality appeared first on Stockmark.IT.

Pressure is mounting on the government to review more than £2bn in new contracts awarded to Fujitsu since a court ruling in 2019 found its Horizon IT system caused accounting errors that were blamed on 900 post offices . Since the landmark ruling, the Japanese company has won 101 contracts totaling £2,04bn. According to government […]

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After the failure of Silicon Valley Bank UK’s UK branch in March, British banks were spared the cost of prefunding an insurance scheme for multi-billion pound deposits. In a Consultation document released on Thursday, the UK Treasury detailed “modest reforms” to strengthen the regime to protect smaller banks from failure and improve resilience in banking. […]

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Chesapeake Energy agreed to purchase Southwestern Energy for $7.4bn in an all-share transaction. This will make the company the largest US natural gas producer. With an enterprise value of approximately $24bn the combined company will be the largest US gas supplier upstream. It will also feed the surge in demand for LNG exports along the […]

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Last year, Russia purchased at least one third of its critical battlefield components abroad from US-based companies and their allies. This was largely due to the fact that production facilities were outsourced to states with weaker export controls. According to an analysis conducted by , the Kyiv school of Economics, these goods — totaling $7.3bn […]

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The first US exchange-traded funds that have direct exposure to Bitcoin, the largest cryptocurrency in the world, made their long-awaited debuts on stock exchanges. On Thursday morning, nine new ETFs and 2 conversions from another products began trading across the New York Stock Exchange (NYSE), Nasdaq and Cboe Exchanges in hopes of attracting an influx […]

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After a decade-long slow improvement, the life expectancy of Britons has returned to the level it was in 2010. This is due to the Covid-19 pandemic. The Office for National Statistics announced on Thursday that the UK birth expectancy between 2020 and 2022 is 78.6 for men, and 82.6 for women. This represents a decrease […]

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Dyson lost its battle to get compensation of €176mn from Brussels for damages that it claimed were caused by energy label tests that penalised their vacuum cleaners. The British engineering company sought redress with the European Commission in 2018, after won five-year court battle to overturn regulations governing how vacuum cleaners are judged and marketed […]

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Amazon has cut hundreds of jobs from Prime Video, James Bond Studio MGM and Prime Video as it battles tough competition on the streaming market. In a memo sent to employees on Wednesday, the company announced that it would be eliminating “several hundreds of roles” after a review its TV and film output. Mike Hopkins, […]

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Donald Trump’s Scottish Golf Course Turnberry made its first profit ever after nearly a decade under turbulent ownership by the ex-US President. According to newly filed accounts, Trump Turnberry in Ayrshire, a resort of 800 acres with three golf courses, a hotel and other amenities, earned £571,000 profit in 2022. The company’s profit is up […]

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This week, the American oil lobby launched a media campaign with a budget of eight figures to promote the idea that fossil-fuels are “vital”, for global energy security. Climate experts were alarmed by this. The website of the new initiative states that “US natural oil and gas play a critical role in providing the world […]

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Persimmon exceeded expectations for new home construction last year. Falling mortgage rates helped boost property sales by the end of the calendar year. However, the company warned that the housing market will be “highly insecure” in 2024. It was announced on Wednesday that the FTSE 250 homebuilder had sold more than 9,500 new homes by […]

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According to the top executive of the project, there is no guarantee that the cost will not increase further. Sir Jon Thompson, the chair of HS2 told MPs that the official estimate of what is left of the controversial project was between £49bn to £56.6bn, but in 2019 prices. He said that adjusting for inflation […]

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Sainsbury’s may have enjoyed a roaring Christmas, but its clothing and general merchandise divisions had a disappointing festive performance. The second largest supermarket chain in Britain increased its sales 7.4% in the 16-week period ending January 6, compared to the same time in 2013. This was due to a 9.3% increase in its grocery division, […]

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The boss of the bakery chain, Greggs, said that Britain was still a long way from reaching the “peak” of its sales. Investors formed a line for the shares of this high-street fast-food chain known for its steak bakes and sausage rolls. It posted a 9.4% increase in sales on a like-for-like basis in the […]

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Pennon, listed owner of South West Water, has bailed out a privatised supplier of some of England’s wealthiest addresses. Sutton and East Surrey Water, one of the nation’s most financially distressed water providers, was placed on a “at-risk”, regulatory watchlist. In recent months it has been forced by its Japanese owners to ask for cash […]

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US Securities regulator approved the first exchange traded funds that track bitcoin last night, a momentous event for the crypto industry and the world’s biggest cryptocurrency. The Securities and Exchange Commission has approved applications from BlackRock Investments, Ark Investments 21Shares Fidelity Invesco and VanEck among others. Some products will begin trading today. Standard Chartered analysts […]

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BlackRock warned that the prospect of pre-election tax reductions and spending promises could lead to a return of “bond vigilantes”, and an increase in bond sales. The asset manager said that the investor appetite for debt in developed economies remains at record highs, even before this year’s widely predicted interest rate reductions. Vivek Paul is […]

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Investors become more nervous as the share price of a company drops and sales drop Tim Cook didn’t hold back. In a 2018 email to finance executives, he ordered his lieutenants that they should improve the sales of Apple’s new iPhones. Apple’s China business was in decline, leading to its first profit warning since 16 […]

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Paul Smith’s fashion company has warned about the impact of inflation after recording a fourth consecutive loss. The 77-year-old designer’s firm said that sales in its global business increased by 7.7pc, to £212.5m, compared to a year ago. It has recovered to pre-pandemic level. It posted a loss before tax of £2.3m, but warned that […]

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Investors may be unnerved by expensive election promises, which could increase debt costs. Rishi Sunak is embarking on a debt spree ahead of general elections , which will see Britain borrow £206bn in a record amount this year. Nomura economists have predicted that the Government is likely to be forced to heavily rely on the […]

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Shell will be forced to cut up to $4.5billion off the value several assets in Singapore, primarily its refining and chemical facilities. The London-listed oil giant is expected to take the impairment charge for its final three months last year in the next set of quarterly financial accounts. A weaker economy and a decline in […]

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B&M European Value Retail will pay a special dividend of 20p after another successful Christmas period. Owner of B&M Foods and Heron Foods, said revenues grew 5 percent year-on-year to £1.65billion in the 13-week period ending December 23. This brings year-to date growth to £4.19billion on a constant-currency basis. Alex Russo said, “The performance of […]

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Jupiter Fund Management is under pressure after a star fund manager, responsible for £10billion of client assets, defected to start his own company. Jupiter shares plunged up to 20 percent after the company announced Ben Whitmore’s departure. The firm also warned that last year’s outflows were worse than expected. Whitmore is the manager of Jupiter’s […]

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EDF Energy, the French state-owned company, announced Tuesday that four of Britain’s declining fleet of nuclear plants will remain in operation for at least two more years. The operator said its goal was to stop seven years of falling output. Three of the eight old power stations in the UK have closed since the beginning […]

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In its latest projections, the World Bank warns that global growth is set to be at its lowest level in 30 years as geopolitical tensions and higher borrowing costs weigh on output. In Forecasts, published by the multilateral organization on Tuesday. The organisation stated that the gross domestic product of the global economy is expected […]

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Investors have shied away from funds that claim to be sustainable and/or socially responsible, having become more aware of the claims made by asset managers. Morningstar Direct data shows that only six funds, citing environmental and social factors, launched in 2023’s second half, compared to 55 in 2023’s first half. The average annual number of […]

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Barclays, Santander and HSBC have all announced reductions in their mortgage rates. This is a further step towards lower UK home loan rates following the HSBC and Halifax rate cuts last week. Santander announced a deal with rates below 4% for new and existing customers who have a minimum deposit of 40% on a fixed-rate […]

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After an Alaska Airlines flight made an emergency landing Friday, shares of Boeing and its parts supplier Spirit AeroSystems have dropped amid renewed concerns about the safety of Boeing’s 737 Max aircraft. was found in the backyard of Portland, Oregon on Sunday. The plug door – a panel installed to replace an emergency exit in […]

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Fitness First blames working at home as the reason for its inability to attract people to inner-city gyms. After lockdowns “decimated” its membership, the chain reported that recovery had taken “longer than expected”. Fitness First collected £33.2m last year in membership fees, according to newly filed accounts, compared with £50.8m for 2019. Membership fees vary […]

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The British manufacturers are confident that they will be able to expand the industrial sector of the country and turn the tide on history. Make UK, the industry association, has released a snapshot survey that shows manufacturing could be responsible for 15% of Britain’s Gross Domestic Product, despite rising costs. In Britain, the manufacturing sector […]

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Today workers will start knocking down West Burton A, a coal-fired power station on the Nottinghamshire-Lincolnshire border that gave its final sparks of electricity to the grid last March. West Burton, a coal-fired power plant in West Burton, was once considered the future. The Shah of Iran was impressed by the new energy technology when […]

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The income tax revenue has risen by 70 percent since 2010, to £264 billion. This shows the dramatic increase in tax burden that successive Conservative governments have overseen since they came to power. HM Revenue & Customs figures revealed that Rishi and Jeremy Hunt increased income tax receipts while not actually raising headline rates. Sunak, […]

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The American entertainment company that had been backing a 21,500 capacity Sphere venue in East London has dropped the project, claiming it became a “political ball” between the London mayor and the London government. Sphere Entertainment withdrew its application to build the “glowing Orb” near Stratford’s Olympic Park, claiming that the planning process had become […]

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Blackstone Group raised $1.3bn to create a private equity investment fund for wealthy individuals. This is a sign of renewed momentum in the company’s efforts to expand beyond institutions like pension funds. Blackstone Private Equity Strategies Fund (BXPE) raised the largest amount of money ever by a retail vehicle. Blackstone had to limit withdrawals of […]

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Investors warn governments worldwide about “unmoored’ levels of public debt. They say excessive borrowing promises made before elections could spark a bond market reaction. The US and UK are expected to issue the most government debt in history in the next year. This is with the exception that the Covid pandemic was still in its […]

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Weight-loss injections could be the answer to record unemployment British workers are more sick than ever before. In 2022, nearly three out of every 100 hours worked were missed due to illness. This is the highest percentage since 2004. The number of people who were forced to leave work due to long-term illness has now […]

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In a year when American, Indian and British citizens will go to the polls, elections in Taiwan, the democratic island off the coast of China, may not attract too much attention. But when voters in Taiwan choose their new president next Saturday, it could help determine the future of a critical cog in the modern […]

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Muddy Waters’ Carson Block believes London Stock Exchange is the world’s “cleanest” stock exchange One of America’s most fearful short sellers said that the London Stock Exchange must avoid a “race towards the bottom” against New York. Carson Block, chief executive of Muddy Waters research, has urged policymakers to avoid loosening the rules in London […]

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The creator of ChatGPT warned that , a ban on the use of news and books for training chatbots, would doom artificial intelligence development. OpenAI told colleagues that it would “be impossible” for it to create services like ChatGPT, if it was prevented from using copyrighted materials. It is trying to influence possible laws regarding […]

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On Sunday, UK Prime Minister Rishi sunak and Labour Leader Sir Keir starmer squared off for a “fight”, as they set the battle lines for the general election to be held this year. Sunak said that the Conservatives will cut taxes on “work”, which would be paid for by shrinking state size relative to economic […]

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Carta, the $7.4 billion software company that helps start-ups track their investors’ investments, is attempting to trade its customer’s shares without consent. This complaint threatens to undermine confidence in this widely used platform. Karri Saarinen is the co-founder and CEO of software startup Linear. He claimed that Carta approached his investors without their consent on […]

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After 27 years of delays, setbacks, and scandals, the world’s largest mining project – a $20bn iron, rail, and port development in an isolated corner of West Africa – is expected to begin this year. In 1997, Rio Tinto, listed in the UK, obtained the first exploration license in the Simandou Mountains in south-eastern Guinea. […]

The post After 27 years of failures and scandals, the world’s largest mining project will finally begin. appeared first on Stockmark.IT.

Regis Schultz began his Thursday with a bike ride through Manchester, wearing his new Nike Tech Fleece. The JD Sports chief executive purchased the jacket for £120 in November to protect him against the windy north. The mild-mannered Frenchman’s shirt would become the centerpiece of the chilling trading report he delivered to the City from […]

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The UK’s largest train operator, despite a strike-ridden service and rising fares, has given a record dividend to its three overseas shareholders. Govia Thameslink paid its Australian, Spanish, and French owners – including Keolis (an arm of the French SNCF state-owned company) – a £62million payout, part-funded by a British government bailout for the railways […]

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Farmers have warned that if environmental standards are tightened for British farmers, but food imported from countries with lower standards is imported, eco-friendly foods will become an expensive luxury. Steve Barclay announced, at the Oxford Farming Conference, on Thursday that the government will consult on a labeling scheme that will identify food produced according to […]

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Next increased its profit expectations for the year, after selling £38m in excess of what was expected in the lead-up to Christmas. However, the company warned that problems in the Red Sea may delay deliveries and affect sales in the coming year. Fashion and homeware retailer said that full-priced sales had increased dramatically in the […]

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UN warns that a prolonged period of low economic growth will hinder progress in sustainable development. It urges countries to increase investment to combat the climate crisis. The annual report on the state of global economics presents a somber outlook for growth, as countries struggle with higher borrowing costs and geopolitical tensions. The World Economic […]

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JD Sports has lost more than £1.8bn in value after issuing a profit warning. The fashion retailer cited the mild weather conditions and heavy discounts as the reasons for the decline. The shares of the retail group, Go Outdoors, Blacks, Millets and Size, have fallen by 23%. Shares in the retail group, which owns Go […]

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Mortgage costs will rise by £19bn as millions of fixed-rate mortgages expire. Borrowers are also forced to renegotiate home loans following the most severe round of interest rate hikes in decades. Goldman Sachs economists say that despite the recent price wars between lenders, many UK homeowners will still see a significant increase in their repayments […]

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Tui, Europe’s largest tour operator has dealt another blow to London’s shrinking equity markets after recommending that its UK listing be cancelled next month. Anglo-German Travel Group, which has reported revenues of €20.7bn by 2023 and is listed both in London and Frankfurt at a valuation €3.5bn, announced on Thursday that, following investor pressure, they […]

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The Dutch flower-growing sector has asked for the planned introduction of new border checks post-Brexit to be deferred until 2025. They cited “significant concerns” regarding the industry’s readiness for these changes. From the end of January onwards, the UK government will introduce new requirements regarding paperwork for EU businesses sending animal and plants products to […]

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In response to budgetary pressures, housing associations in England cut their spending plans on new affordable homes for 2024. This could worsen the acute shortage of social houses in the UK. According to Centrus, an adviser who works with housing associations, plans drawn up last summer cut investment by 9 percent, or £1.5bn. Funding for […]

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Citigroup will launch an investment banking division in China to further its involvement in China’s financial markets, even though rivals are becoming more cautious in the country. A person familiar with the matter said that the large US bank plans to launch its wholly-owned China-based unit before the end of this year. Citi would be […]

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Next, the popular UK retailer, is set to achieve its raised profit guidance despite wider economic concerns within the retail sector, according to analysts at Shore Cap. In a research note, the bank highlighted Next's positive outlook on the UK consumer environment, which it described as "more benign" but with significant uncertainties.

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Ryanair says it has seen a decline in the number tickets it is able to sell since major online booking sites removed the budget airline’s flights. In early December, the largest online travel agents, including Booking.com and Kiwi, “suddenly removed Ryanair flights from their websites”. According to the airline, while bookings on these sites only […]

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HSBC is the latest major UK lender to cut mortgage rates across the board. Leading names have announced reductions up to 1 percentage point. Banks announced new mortgage deals on Wednesday, including a five-year fixed rate of 3.94% for those borrowing up 60% of their property’s value. HSBC will offer a two-year fixed rate of […]

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According to the Royal Mint, investors flocked in record numbers to gold in 2023 due to global economic turmoil that triggered a flight for safety. The number of people purchasing gold bars and coins has increased by 7pc in the last year, exceeding the peak of the lockdown investment boom of 2020. The British coin […]

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BYD’s growing popularity has renewed concerns about China’s auto dominance Berkeley Street in Mayfair is a haven for car enthusiasts. It’s lined with showrooms that display Ferraris, Bentleys, and McLarens through giant windows. A lesser-known brand is located half way down the street, opposite the Rolls Royce store. The Chinese automaker BYD has opened a […]

The post Elon Musk’s Chinese competitor toppled Tesla, and now it’s coming to Britain appeared first on Stockmark.IT.

Eurostar was reprimanded by regulators for “misleading’ adverts, after they found that only a small percentage of tickets were sold at the promised £39. , the train company, urged customers to “treat themselves to a European getaway starting at just £39 per way” in advertisements sent by email. The Advertising Standards Authority (ASA), however, said […]

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Disney has gained the support of activist hedge funds despite attempts to prevent billionaire investor Nelson Peltz from joining its Board of Directors . ValueAct Capital is a San Francisco based hedge fund that will be supporting the US entertainment giant’s board nominations at its spring annual shareholder meeting. Blackwells Capital, an activist investor, announced […]

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The UK’s net-zero goals have suffered a serious setback as the nuclear power production in Britain has fallen to its lowest levels since 1982. According to data released by the Government and EDF, the permanent closure of Hinkley Point B and extended outages at other sites led to a fall in nuclear power production from […]

The post The UK is facing a cold snap that has lowered nuclear power production to its lowest level since the 1980s appeared first on Stockmark.IT.

The price of oil has risen dramatically after Iran refused to stop supporting attacks by Houthi Rebels on vessels in Red Sea, and sent one warship along the main trading route. Brent crude climbed $1.73 or more than 2.4% to $78.77 per barrel in the first trading day of the year on Tuesday. US West […]

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According to Fidelity Mutual Fund, the social media platform X lost 71% of its worth since it was purchased by Elon Musk. Fidelity has marked down its share value by 71.5%, according to a disclosure obtained from Axios. Musk purchased Twitter in October 2022, and renamed it X in July of 2023. Fidelity estimates the […]

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A survey by economists found that UK voters would enjoy higher wages, but struggle to pay their mortgages and rents ahead of the next general election. The cost of living crisis will give way to a “grey gloom” as the cost-of-living crisis is relegated to the background. The majority of 90 economists who responded to […]

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HSBC will launch a payment app in the UK, which will offer foreign exchange at a low price to consumers. The global lender is looking to compete against digital rivals like Revolut and Wise. The UK-based Bank on Tuesday announced that it will launch a multicurrency app named Zing and a debit card. This will […]

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Almost one-quarter of UK buy now, pay later users have been charged late repayment fees, with younger consumers hit hardest, according to research that points to how people have turned to the unregulated form of credit to cope with rising living costs. BNPL products allow shoppers to pay for clothes and food delivery shops, for […]

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Wall Street stocks began the year with a tech-driven hangover, after the rally which ended in 2023 became cautious. Tech stocks had their worst day for more than two month. The Nasdaq Composite ended the day down by 1.6 percent, its lowest performance since October 26, while blue-chip S&P 500 closed at 0.6 percent — […]

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The weekend saw a dispute over a record £2bn payment of dividends to the owners and shareholders of Three, the telecoms company. It was claimed that this huge payout was proof that the company was profiteering. The Unite union claimed that the dividends paid to the Hong Kong listed conglomerate owned by billionaire Li Ka […]

The post Three’s £2bn payout to shareholders sparks a row over Vodafone merger appeared first on Stockmark.IT.

The regulator increased its price cap to reflect the rise in gas prices on the global market. This change will take effect on 1 January 2024, which means that average households will begin the year with an increase of 5% in their energy bills. We are committed to providing quality journalism that is free. You […]

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Video-game, TV, and film producers in the UK will receive more generous tax incentives from Monday. This comes after industry warned that the UK could lose out on animation and special effects. The government announced that all companies will receive a greater tax break under the revamped system. They also said they would have more […]

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The world’s five largest listed oil companies are expected to reward their investors with record payouts of more than $100bn (£79bn) for 2023 against a backdrop of growing public outrage at fossil fuel profits. The five “super-majors” – BP, Shell, Chevron, ExxonMobil and TotalEnergies – showered shareholders with dividend payments and share buybacks worth $104bn […]

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According to data from the European Health Agency, more than one billion dollars of Pfizer Covid-19 antiviral medications procured by Pfizer in Europe were wasted because strict controls on who could receive the medication led to millions of doses being unused prior their expiration date. Paxlovid, which is designed to be administered to patients soon […]

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As part of landmark tax reforms, big multinational companies will be subjected to a global tax minimum for the first ever on Monday. The aim is to generate an extra $220 billion in revenue annually. Nearly three years after 140 nations struck an agreement to close the most glaring gaps in the international system some […]

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In the beginning of this new year, investors in Rolls-Royce who have not had much to cheer about in the past are now in a good mood. The Stoxx 600, Europe’s biggest listed companies, will see the FTSE Engineer’s share price rise by 224 percent to 299.7p in 2023, its best performance since 1987 when […]

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Apple will face a legal reckoning by 2024. A series of regulatory decisions made by US and EU authorities in the next few months will determine the future for its $85bn services business. Apple’s biggest blow could be a US antitrust case against Google. It was revealed that Google had paid over $26bn to Apple […]

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This year, hundreds of large US office buildings will be unable to refinance their debts due to the current interest rate. According to the Mortgage Bankers Association, there are $117bn in commercial loans that are tied to offices and will need to be paid back or refinanced by 2024. Many of these were taken out […]

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Gold mining holds a deep historical significance in Victoria, dating back to the mid-19th century. The discovery of gold in this region sparked one of the largest gold rushes in history, attracting prospectors from around the world. This pivotal moment not only transformed Victoria into a bustling hub but also contributed significantly to the state's economy and global recognition.

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The government’s plan to pay producers and retailers for in-store and household collections will allow British households to benefit from better routes for recycling electronic products from 2026. In a published consultation on Thursday, the Department for Environment, Food and Rural Affairs said that consumers could have their electrical waste (ewaste) – from cables to […]

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The Treasury has refused to extend the supervision arrangements beyond this year. Under the so-called State Aid rules, which were in place when the UK was a member state of the European Union at the time, RBS gave money to smaller challengers banks to develop their services for businesses customers in an attempt to promote […]

The post Treasury ends oversight of £425m scheme for banks to help them after RBS bailout appeared first on Stockmark.IT.

In 2024, the world’s biggest traditional entertainment companies will have to face the consequences of losing $5bn from streaming services built by them in order to compete with Netflix. Disney, Warner Bros Discovery Comcast, and Paramount – US entertainment conglomerates which have grown ever larger over the past decades – are under pressure to sell […]

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In a small room at the Golborne Medical Centre in one of Britain’s poorest areas, doctors and nurses crowded together to test out a brand new stethoscope. This instrument is similar to those used in clinics, which haven’t been updated for over 200 years. The difference is that this one uses artificial Intelligence in order […]

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Nine-tenths (90%) of the foreign capital that was expected to flow into China’s stock exchange in 2023 is already gone, due to growing doubts over Beijing’s commitment to taking serious measures to boost the economy. According to calculations based upon data from Hong Kong Stock Connect’s trading scheme, since August when net foreign investment peaked […]

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By the end of 2023, private UK investors are expected to have pulled the largest amount of money in over two decades from London listed equities as the cost-of-living crisis continues to bite. This will further compound a flight away from the local market. According to the latest Investment Association data, British retail investors sold […]

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UK pharmacy operators have reacted angrily to a probe conducted by HM Revenue & Customs on their use of locum pharmacies. They warn that a “retrospective attempt” by the tax agency, in order to recover cash, could lead high street stores to close. HMRC is investigating the pharmacy business for many years to determine if […]

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The New York Times is the first major US news organization to sue OpenAI over its artificial intelligence chatbots. The tech companies are accused of taking a “free ride” on millions articles in order to create the revolutionary technology. The newspaper wants unspecified billions in damages from both companies for “profit[ing]” from massive copyright violations, […]

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A leading Brexiter has criticised Rishi Sunak’s government after it announced quietly that it would not be legislating in order to expand the UK’s use of imperial measure. After it was revealed that only a small fraction of British consumers and businesses wanted to see imperial units play a larger role, the decision to abandon […]

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The UK chancellor Jeremy Hunt announced that the Spring Budget 2024 will take place on 6 March, leaving the door open for a potential early general election to be held in May. Hunt will announce tax cuts before the budget. He hopes this will create a division with Labour, and signal to them that Britain […]

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Apple has resumed sales of its Watch Series 9 & Ultra 2 in the US after an appeals tribunal halted the ban imposed by a trade court. This is the latest development in a patent dispute with health technology company Masimo. Apple pulled its latest watch models from its physical and online stores in the […]

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Due to the increasing geopolitical tensions, such as the conflict in Ukraine, the order books of world’s largest defence companies have reached near-record highs. They have grown by over 10 percent in only two years. The analysis found that the combined order backlog of 15 major defence contractors, including Britain’s BAE Systems, South Korea’s Hanwha […]

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Royal Mail plans to introduce parcel lockers, which will enable people to collect their online orders from anywhere in the UK. The company is racing to keep up with competitors such as Amazon. Nick Landon told reporters that the chief commercial officer of the former state-owned company was “actively” working on the installation of lockers […]

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Apple is banned from selling Watch Series 9 and Watch Ultra 2 to the US market after the administration of President Joe Biden refused to grant an exemption from the decision by a trade tribunal that Apple had violated a patent owned by another company. Apple announced on Tuesday that they had appealed the previous […]

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In 2023, global banks will have eliminated over 60,000 jobs. This is one of the most significant years of cuts since the financial crises. They also reversed a large portion of their hiring after the Covid-19 pandemic. Investment Banks have suffered a second year of falling fees due to a lack of dealmaking, and a […]

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The EU is working on a plan to provide Ukraine with a financial back-up of up to 20 billion euros, using a debt-structure that will allow it avoid Viktor Orban’s objections about funding this war-torn nation. Officials are looking for alternative solutions to prevent Kyiv’s budget crisis from worsening if EU leaders cannot resolve their […]

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Are things improving at Heathrow?In the next year, we may see a new era begin: a new owner, a new CEO and an end to Covid’s slump. The London airport now believes that 2024 will see record passenger numbers. Aviation has a history of proving forecasters wrong. Heathrow’s shareholders and bosses would have surely looked […]

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Few bosses, even in the age of executive salaries that are astronomical, would turn down an additional €100m. Fewer billionaires are often seen carrying cardboard props in the small elevator of a London hotel before a press event. Michael O’Leary of Ryanair, who will soon receive a megabonus, has given off the impression that he […]

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Boxing Day footfall has increased slightly, but is still well below the pre-pandemic level. Several high street chains have remained closed. Retailers are bracing themselves for a weak Christmas season as the UK economy stagnates due to the cost of living crisis. According to preliminary data provided by MRI Software, a retailer data company, at […]

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The FAANGs were once the five biggest US tech stocks dominating the investment landscape. These included Facebook (now Meta), Amazon (now Alphabet), Apple (now Netflix), and Google (now Alphabet). This picture is no longer relevant. Instead, say hello to the Magnificent Seven (or Super Seven) – Microsoft, Tesla and Nvidia. Four of the seven are […]

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