Elon Musk’s tumultuous month at the top of Twitter has already included firing most of the company’s employees, tinkering with key features and restoring banned accounts. Now he’s embarking on what might be his riskiest bet yet: a war with Apple. The billionaire attacked the iPhone maker with a flurry of tweets on Monday, claiming …
Elon Musk abandons Twitter’s Covid misinformation policy Read More »
European markets muted but mark sixth week of gains Europe’s Stoxx 600 index closed flat on Friday, capping an upbeat week that saw it break a three-month high and secure a sixth week of gains. Major German and French stock exchanges were flat, with Britain’s FTSE 100 gaining 0.3%. Expectations of a slowdown in Federal …
German economic sentiment improved in November, says Ifo Institute The Ifo Institute’s German business climate index rose to 86.3 points in November from 84.5 in October. “While companies were somewhat less satisfied with their current business, pessimism about the coming months has eased sharply. The recession may prove less severe than many had anticipated,” the …
Ofgem raised the energy price cap this morning, meaning nothing for UK households in the short term but a lot for the Treasury. The price cap will rise to £4,279 from January, meaning the government will have to pay nearly £1,800 per house over the year after limiting household bills to £2,500 as part of …
Support for winter energy bills will cost taxpayers £1,800 per household Read More »
Rail passengers will be hit by waves of strikes ahead of Christmas and New Year after talks collapsed to avoid the chaos of festive travel. The Railway, Maritime and Transport Workers’ Union (RMT) said 40,000 members will go out for eight days – December 13, 14, 16 and 17 and January 3, 4, 6 and …
RMT announces series of strikes ahead of Christmas Read More »
Stocks on the move: BP up 5%, Allfunds down 9% British wealth technology company Allfunds Group saw its shares fall 9% to the Stoxx 600 low in early trading. At the top of the index, PB stocks added 5% to lead a large advance for the oil and gas sector. -Elliot Smith CNBC Pro: Morgan …
European markets open at close, stocks, earnings data and news Read More »
Stocks in motion: Virgin Money up 13%, IDS down 5% blank silver shares jumped more than 13% to lead the Stoxx 600 in early trading after the company announced an increase in pre-tax profit for financial year 2022 and announced a £50m share buyback program ($59.4 million). At the bottom of the index, stocks International …
European markets open at close, stock movements, news and data Read More »
1668767907 Biffa CFO resigns to join DS Smith Biffa’s chief financial officer is leaving the FTSE 250 waste management company to take up the same role at DS Smith, the FTSE 100 packaging group. Richard Pike will leave the company, which handles the waste of around 2million Londoners, no later than April 30 after managing …
FTSE 100 Live November 18: October retail sales improve, supermarket grocer sales weak Read More »
Welcome to Fall Statement Day. This morning, Chancellor Jeremy Hunt will announce the government’s financial plans, the first such financial statements made under President Rishi Sunak. Mr Hunt’s statement comes after inflation hit its highest level in 41 years, mainly due to rising gas and electricity bills. “We are not immune to these global headwinds, …
Record fall in household income wipes out a decade of growth Read More »
The bankruptcy filing came as the company, the world’s fifth-largest crypto exchange, was run by “a gang of kids in the Bahamas.” Mr Bankman-Fried reportedly ran the firm, which handled more than $600 billion in transactions this year, with nine friends who all lived together in a penthouse apartment at the Albany Resort, New Providence. …
FTX founder’s $16 billion fortune wiped out as crypto exchange files for bankruptcy Read More »
