By Michael Race & Katy Austin Business reporter and Transport correspondent, BBC News July 4, 2023 Updated 1 hour ago image source, Getty’s image The rail company plans to push ahead with mass closings of ticket offices across the UK. Industry bosses are expected to confirm public consultations on the phased closure of hundreds of … Read more
The FTSE 100 fell after weak Chinese figures Keller soared after raising the guide L&G weakened despite a confident outlook 08.47: FTSE 100 falls, L&G weakens despite upbeat outlook The FTSE 100 remains in the red, down 29 points, after weak data out of China. Victoria Scholar at Investor Interactive said: “European … Read more
Receive free Utilities updates We’ll send you one myFT Daily Digest latest roundup email necessity news every morning. Britain’s largest pension scheme will face questions from regulators over its investment in Thames Water, the troubled utility. A meeting between the Pension Regulator and the £90 billion University Superannuation Scheme, which is one of the largest … Read more
As automakers race to develop battery-electric cars, they’re constantly racing for whatever will give them an edge over their rivals. After announcing it would produce “solid-state” batteries in early 2027, Toyota on Tuesday revealed ambitions to halve the size and cost of power units for its electric vehicles to make them safer and charge faster. … Read more
National Savings & Investments boosted savers’ chances of winning the Premium Bond prize this summer, raising its prize fund rate to 4 percent—the highest level since 2007. The odds of winning the monthly prize have been shortened to one in 22,000: the best in almost 15 years. The £100,000 prize pool increased by six to … Read more
Receive free UK financial regulation updates We’ll send you one myFT Daily Digest latest roundup email UK financial regulations news every morning. The Bank of England is looking at controversial plans to force more international banks to set up subsidiaries in Britain, people familiar with the situation told the Financial Times. The move could reduce … Read more
Receive free Retail trading updates We’ll send you one myFT Daily Digest latest roundup email Retail trade news every morning. Investors have spent nearly $200 million trading theoretically worthless shares in Bed Bath & Beyond since the home-appliance retailer went bankrupt in early May, in the latest manifestation of the stock meme craze. Bed Bath … Read more
Receive free UK politics & policy updates We’ll send you one myFT Daily Digest latest roundup email British politics & policy news every morning. Rishi Sunak on Tuesday acknowledged that inflation was proving “more persistent than people anticipated”, as he vowed to clamp down on public borrowing and take a “responsible” approach to public sector … Read more
China has imposed restrictions on exports of gallium and germanium, ratcheting up trade tensions with Western allies. Gallium and germanium are silvery-white metals that can be found in a wide variety of electronics, such as semiconductors, smartphones, pressure sensors, transistors and fiber optics, as well as solar panels, camera lenses and space systems. Appealing to … Read more
GBP is rallying after a soft start to July Seems to reboot the H1 better performance Barclays is now bullish on GBPEUR Goldman Sachs maintains a constructive stance NatWest Markets is wary of the negative impact of rising mortgage rates Image © Adobe Images The British pound found some life after a lackluster start to … Read more
Receive free Thames Water PLC updates We’ll send you one myFT Daily Digest latest roundup email PLC Air Thames news every morning. Our world is filled with opinions about Thames Water. Here, from Citigroup analyst Jenny Ping, there’s more: Ofwat has been criticized for not being tough enough as a regulator, especially with the company … Read more
Over 50,000 people have signed GB News’ Don’t Kill Cash campaign in just 24 hours as the People’s Channel continues to fight to keep money in your pocket. As the UK creeps towards a cashless society, eager to protect vulnerable Britons who rely on cash and are increasingly being left behind. ** DON’T KILL MONEY … Read more