CNBC Pro: Goldman Sachs strategist says these investments are ‘starting to look attractive again’ James Ashley, head of international market strategy at Goldman Sachs Asset Management, discusses which investments look attractive right now, and the likelihood of a recession. Stocks on the move: Royal Mail up 5%, Elekta down 7% …
Read More »Global economy faces weakest growth in 30 years, warns IMF
House price growth was at its weakest annually since October 2019, according to lender Halifax. It said the average sale price stood at £287,880 last month, with was 0.8pc up on February but only a 1.6pc annual gain. It comes as rival lender Nationwide said house prices have fallen by …
Read More »Back-up coal plants fired up for third time this week as blackout threats loom
Britain’s coal fired power stations have been warmed up again amid concerns over the country’s energy supply. National Grid’s Electricity System Operator said it was a “prudent” organisation and the move was a contingency measure. 5 things to start your day 1) Baffling Brexit plan will wreck trade, says M&S chief …
Read More »Royal Mail hit by cyber incident – The Telegraph
Royal Mail has been left unable to send letters or parcels overseas after the postal service suffered a crippling "cyber incident". Source link
Read More »Crossrail hit by first ever strike
For many of you it will be the last working day before the Christmas break. It could also be a working day disrupted by strike action. Thousands of union members are on strike today and tomorrow. As if that was not enough to bring you some festive gloom, chaos on …
Read More »workers warn over ‘end of Royal Mail as we know it’
Sam Bankman-Fried has issued a mea culpa in a letter apologising to FTX staff for the collapse of his crypt empire. It comes as US bankruptcy proceedings have revealed that tens of thousands of British traders have been left out of pocket by the implosion of the cryptocurrency exchange FTX. …
Read More »RMT calls off rail strikes and claims victory amid talk of double-digit pay offer
The RMT said that it would now enter into “intensive negotiations” to strike a deal with Network Rail. Staff at train operating companies have also cancelled strikes. Mr Lynch claimed victory and said that the RMT action this summer had “made rail employers see sense”. He added: “We have always …
Read More »FTSE 100 Live: Pound dips to $1.11, Retail sales fall
1666351895 Pound touches $1.11 as traders measure UK political risk factors The UK’s turbulent politics were feeding through into the value of the pound as speculation over the identity of the country’s next prime minister reveberated around the City and across Westminster. Its low point for the day took sterling …
Read More »Jacob Rees-Mogg in line for payday from sale of investment firm
Daily Mail chief executive Paul Zwillenberg is stepping down from the company as proprietor Lord Rothermere shores up control after a take-private deal earlier this year. Mr Zwillenberg will step down as chief executive and board director of Daily Mail and General Trust (DMGT) at the end of September after …
Read More »European markets open to close, data, news and earnings
The British pound has dropped below $1.14 for the first time since 1985 as a combination of dollar strength and recession warnings weighed on the U.K.’s currency. Sterling fell as low as $1.135 at 8:50 a.m. London before rising slightly to $1.1378, marking a fresh 37-year low. It followed the …
Read More »