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A turbulent year for London’s markets… in four graphs

December 18, 2024

“There’s always light at the end of the tunnel,” said one London Stock Exchange executive in March, just after two more firms announced they were heading for the exit. “Don’t lose your head amongst all the doom-mongering.” It is a mantra that London’s bourse has had to hold onto over the past 12 months as [...]

Square Mile and me: Co-founder of Wildfarmed Edd Lees

December 18, 2024

Each week we dig into the memory bank of the City’s great and good. Today, Edd Lees, takes us through his career which went from finance to farming What was your first job? Working on a stall in Leeds market. What was your first role in the city/business world? Junior in a derivatives trading firm immediately [...]

Mark Kleinman: Boots’ dealmaker tries to formulate new potion

December 18, 2024

Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles buyouts at Boots, big bonuses at Natwest and Reeves’ China charm offensive Boots’ octogenarian dealmaker tries to formulate new potion If life begins at 80, then Stefano Pessina, the octogenarian pharmaceuticals [...]

Sales skyrocket at London Waterloo after biggest ever Wetherspoons opens

December 18, 2024

Sales at London Waterloo shops have soared to the top of the leader-board of Network Rail’s portfolio of train stations, after the station opened a Wetherspoons that is the country’s largest railway pub, new figures show. The London hub reported the most quarterly sales growth of any of the 19 stations Network Rail runs in [...]

Bank of England holds interest rates and downgrades growth forecasts

December 18, 2024

The Bank of England held interest rates at 4.75 per cent today, while downgrading economic forecasts for the UK towards stagnant growth. Only six members of the Bank’s Monetary Policy Committee voted to keep interest rates steady, less than had been expected, as three voted to cut rates by 0.25 per cent citing fears over [...]

BT successfully fights off £1.3bn ‘overcharging’ class action

December 18, 2024

Telecoms giant BT has successfully defended a £1.3bn class action over allegations it “disproportionately overcharged” its landline customers

City Minister Tulip Siddiq named in Bangladeshi corruption probe

December 18, 2024

The City minister has been named in an investigation into whether her Bangladeshi family embezzled nearly £4bn from energy and major infrastructure deals. Tulip Siddiq, whose ministerial remit includes tackling corruption in financial markets, is accused of having helped broker a deal with Russia for a nuclear power power plant in Bangladesh 11 years ago [...]

Full 2025 Formula 1 grid as Lawson joins Red Bull

December 18, 2024

There’s just one seat remaining on the 2025 Formula 1 grid after Liam Lawson was confirmed as Sergio Perez’s replacement at Red Bull Racing. Mexican Perez was sacked on Wednesday after a 2024 season where he consistently finished below par in comparison to his teammate Max Verstappen. Lawson said: “To be announced as a Red [...]

Legal regulator issues warning over ‘no win, no fee’ marketing

December 18, 2024

Legal regulator has issued warnings to law firms, particularly those working on high-volume claims, on the tactics used to try an attract new clients

Harland and Wolff: Deal struck to buy troubled Titanic maker saving 1,000 jobs

December 18, 2024

Troubled shipbuilder Harland and Wolff, which crashed into administration owing more than £160m earlier this year, has been saved. Spanish state-owned business Navanti has struck a deal to buy the Belfast-based company in a move which will secure 1,000 jobs at Harland and Wolff’s four shipyards – one in Belfast, two in Scotland (Methil on [...]

Wingstop more the doubles sales and returns to profit amid UK expansion

December 18, 2024

Wingstop has more than doubled its sales as it continued its UK expansion, created hundreds of jobs and returned to profit, it has been revealed. The restaurant chain, which is known for its buffalo wings, has reported a turnover of £84.6m for the 12 months to 31 March, 2024, new documents filed with Companies House [...]

FTX creditors only getting ’10-25% of their crypto back’ — creditor

December 18, 2024

FTX creditors will only get 10-25% of their cryptocurrency back, according to newly revised bankruptcy …

XRP Falls 13% In Selloff

December 18, 2024

- XRP was trading at $2.2837 by 15:09 (20:09 GMT) on the Index on Wednesday, down 12.87% on the day. It was the largest one-day percentage loss since...

EOS Falls 10% In Selloff

December 18, 2024

- EOS was trading at $0.9557 by 15:02 (20:02 GMT) on the Index on Wednesday, down 10.17% on the day. It was the largest one-day percentage loss since...

Coinbase Premium Suggests Caution Amid Bitcoin Sell-off

December 18, 2024

U.Today - A notable divergence has recently formed between the Coinbase (NASDAQ:COIN) Premium Index and Bitcoin's price, as sighted by CryptoQuant. This divergence tilts toward the...