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What is driving the FTSE 100 surge?

January 16, 2025

The FTSE 100 has hit a new all-time high today, with the index within touching distance of 8,500 for the first time. Since the start of the week, London’s main index has grown almost three per cent, outperforming the Nasdaq, the S&P 500, and the Dow Jones. The strong performance from the FTSE 100 came [...]

The Week in Business, with Christian May: anyone got any growth ideas?

January 16, 2025

This week, City AM Editor Christian May looks at the government's search for growth and asks whether the UK's army of regulators are best placed to help.

Elon Musk wants to ban WFH for millions in the US government

January 16, 2025

Elon Musk may terminate remote work for millions of federal employees, as he steps into his new role as head of the Department of Government Efficiency (D.O.G.E). The tech titan and outspoken Trump supporter outlined plans to announce a mandatory return to office policy to reduce the size of the US government workforce and cut [...]

Next: Lord Wolfson warns Budget will make it ‘harder’ to enter workforce

January 16, 2025

The boss of retail giant Next has warned that tax rises announced in the Budget will make it “harder and harder for people to enter the workforce”. Lord Wolfson told the BBC that the government’s move to hike national insurance (NI) would disproportionately hit entry-level jobs. “The axe has fallen particularly hard on those entry-level, [...]

Superdrug hails record Christmas as sales surge

January 16, 2025

Superdrug has hailed its Christmas trading as its best ever after sales rose by more than five per cent in the final weeks of 2024. The high street retailer said it was boosted by one gift set being sold every second throughout December. Own Brand top sellers included the Studio London Ultimate Brush Collection, the [...]

Apple: AI news alerts on iPhones halted after backlash

January 16, 2025

Apple has paused its new artificial intelligence (AI) feature for news apps, after facing criticism over repeatedly inaccurate alerts. Pressure mounted for the tech behemoth as BBC, among others, complained to Apple that their articles were being wrongly summarised. Media groups like Reporters Without Borders and Bluesky pushed for the company to halt the feature [...]

Retail’s Christmas results don’t match up to the gloom in the market

January 16, 2025

If you were to judge the health of the retail market solely from the last two weeks of festive trading results, you would think the market is in rude health. But that would be a significant departure from the actual sentiment in the market, which has taken on a sense of almost unrelenting gloom in [...]

FTSE 100 hits all-time high as investors bet on interest rate cuts

January 16, 2025

The FTSE 100 has hit a new all-time high this morning, surpassing the previous peaks it reached in spring last year, as investors ramp up their bets on an interest rate cut by the Bank of England next month. The value of London’s 100 largest listed companies has grown 3.2 per cent in the last [...]

Ex-Bank of England governor Mark Carney enters race to be Canadian PM

January 16, 2025

Former Bank of England governor Mark Carney has entered the race to replace Canadian prime minister Justin Trudeau. “I’m doing this because Canada is the best country in the world, but it could still be even better,” said Carney as he formally announced his bid in Alberta. The announcement came after months of speculation over [...]

Mining behemoths Rio Tinto and Glencore reportedly considered merger

January 16, 2025

Mining giants Rio Tinto and Glencore reportedly discussed a merger last year. The two companies held discussions as late as October last year, but they didn’t progress further, as first reported by the Financial Times. A merger in full or in part of Glencore, with a market cap of £46.47bn and Rio Tinto, with £164.99bn, [...]

Litecoin Climbs 10% In Bullish Trade

January 16, 2025

- Litecoin was trading at $123.948 by 18:04 (23:04 GMT) on the Index on Thursday, up 10.07% on the day. It was the largest one-day percentage gain since...

Satoshi Nakamoto's Legendary Bitcoin Quote Rings True After 16 Years

January 16, 2025

U.Today - Bitcoin's mysterious creator(s), Satoshi Nakamoto, continues to inspire the cryptocurrency community even several years after Bitcoin was launched and the BTC creator...

XRP Witnesses Epic Breakout Versus Bitcoin and Ethereum

January 16, 2025

U.Today - The price of XRP hit a new all-time high today, rocketing past the key $3.30 mark. After almost seven years, what seemed like an impossible burden has now been broken,...

There's No Second Best to Bitcoin (BTC), Reveals Michael Saylor

January 16, 2025

U.Today - Michael Saylor, CEO of MicroStrategy and a well-known advocate of Bitcoin, has delivered another unflinching statement about his favorite cryptocurrency. Through a recent...

Coins.xyz Launches in Brazil, Offers Game-Changing Solution for Foreign Businesses

January 16, 2025

São Paulo, Brazil — Coins.xyz, founded by former Binance CFO Wei Zhou and led by other ex-Binance executives, is launching in Brazil this January 2025 with a full...