Global markets have put too much weight on the good news in recent months and are now at risk of a “sharp correction,” the Bank of England warned today. In …
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CMA greenwashing probe: Asda, Asos and Boohoo promise clarity on eco-claims
Top fashion retailers Asos, Boohoo and George at Asda, have signed undertakings to clarify the way they promote and display their environmental credentials, the competition watchdog has said. Today’s announcement …
Another listed company plans to quit London’s AIM market – this is why
Drug company C4X Discovery has announced plans to quit the London Stock Exchange’s AIM market, in the latest blow to the capital. The Manchester-headquartered business said the “recent downturn in …
Why British American Tobacco is campaigning for higher taxes on vapes
You might not expect a tobacco company to advocate for more taxes and regulation, but that’s just what BAT—formally known as British American Tobacco—has been doing following the government’s recent …
UBS seals deal to sell $8bn in loans to Apollo as it presses on with Credit Suisse integration
UBS and private equity giant Apollo Global Management have finalised a deal to sell $8bn worth of Credit Suisse’s securitised products as the bank winds down non-core businesses of its …
‘So many unknowns’: Threadbare England leave Southgate Euro 2024 squad riddle
England have played their last friendlies before Gareth Southgate names his initial Euro 2024 squad but the manager admits he is a long way from finalising his 23-man party. Tuesday’s …
Travis Perkins chief who oversaw Wickes demerger to step down after profit slashed
The chief executive of Travis Perkins is to step down after five years in the role, after profit was slashed by £175m. Nick Roberts is to remain in his position …
Scotch Malt Whisky Society owner hit by China downturn
Scotch whiskey business Artisanal Spirits Company said it was “disappointed” in its growth for the year to December. The alcohol firm generated a loss before tax of £3.6m, which it …
Ithaca Energy to buy Eni’s UK assets, but mothballs projects due to windfall tax
Ithaca Energy, a leading UK independent exploration and production company, has announced plans to combine with substantially all of Eni S.p.A.’s UK upstream assets, including the recently acquired Neptune Energy …
CMC Markets raises income expectations on continued ‘positive momentum’
CMC Markets has raised its full-year income expectations after improved market conditions helped the online trading platform in the fourth quarter. The FTSE 250 firm said in a trading update …