Labour is not, and has never been, a socialist party. It is a social democratic party whose mission is to save capitalism from itself, not replace it with a new …
May 2024
Baillie Gifford ends Edinburgh Book Festival sponsorship after fossil fuel row
Scottish asset manager Baillie Gifford has ended its sponsorship of the Edinburgh International Book Festival after a row over the company’s investments in fossil fuels and companies benefiting from Israel’s …
Flutter shares dip as firm completes US listing move
Gambling giant Flutter Entertainment has confirmed its primary listing is now in the United States, not London, as its stock dipped this morning. This morning, the Betfair and Paddy Power …
Galliford Try secures bumper contract to rebuild controversial immigration centre
Construction firm Galliford Try has secured the contract to extend a controversial immigration detention camp in Oxfordshire. The £70m contract will see the London-listed construction firm construct a 400-bed “immigration removal” centre …
Cabinet minister brands Trump conviction ‘extraordinary’ as fallout continues
A member of the UK government has said Donald Trump’s conviction on Thursday night was “extraordinary” but wouldn’t be “drawn into” any further comment. Mel Stride responded to the news …
Petrofac: Losses almost double after delayed results finally revealed
Losses at embattled oil services provider Petrofac almost doubled to more than $400m (£314m) during 2023 after its delayed accounts were finally published. In what Petrofac has described as a …
AI venture capital trust dishes out more funding
Superseed Capital, a venture capital fund investing in early stage companies focusing on AI and software as a service, has invested almost half a million pounds over the last three …
Online building materials CMO suffers from challenging market and poor British weather
Listed online-only building materials firm CMO’s revenue and profits suffer a significant drop over the last financial year as the group blames a “difficult market backdrop”. CMO Group reported on …
Sunak: Britain launched fresh Houthi airstrikes last night – and would ‘not hesitate’ to do it again
Prime Minister Rishi Sunak has announced Britain took part in a new round of airstrikes against Houthi rebels, insisting it was in “self defence”. In an announcement on Friday morning, …
Competition watchdog launches Nationwide-Virgin Money £2.9bn merger probe
The Competition and Markets Authority has launched an investigation into the £2.9bn merger of Nationwide with Virgin Money, with the outcome in late July. The watchdog told markets this morning …