The former architect of Labour’s infrastructure planning policy has lashed out at the government to update the UK’s energy system to meet net zero targets on time. A letter sent …
Investing
Citigroup poaches top JP Morgan investment banker to head up new division
Citigroup has appointed JP Morgan veteran Vis Raghavan to head up its new banking division as the Wall Street giant embarks on a mammoth restructuring. Raghavan was promoted to head …
Temu: Chinese platform which encourages customers to ‘shop like a billionaire’ to rake in $40bn in Amazon challenge
Temu, the ultra cheap Chinese retailer, is forecast to rack in $40bn (£31bn) in gross merchandise value (GMV), as it continues to spawn the western retail market. Analysts at Jefferies …
Ocado shares tumble as retail partner Marks poised to hold back funds over poor performance
Shares in online retailer and automation giant Ocado fell by over six per cent this morning following a report over the weekend that its retail partner, Marks and Spencer is …
London’s best afternoon tea, from Claridge’s to The Cadogan
Except for talking about the weather, queueing politely, and cricket, there are few things more typically British than afternoon tea, with its cucumber sandwiches, Earl Grey, and warm scones. So, …
Kemi Badenoch wants trade ‘barriers torn down’ at Abu Dhabi summit
Kemi Badenoch is promoting tariff-free trade at a global summit in Abu Dhabi in a bid to see “more barriers torn down.” The business and trade secretary, with trade policy …
Aercap collected £1bn in legal settlements over stranded Russian planes
US-Irish aviation leasing giant Aercap has revealed that it has recovered just under $1.3bn (£1.02bn) in insurance settlements, ahead of its English legal battle set for trial later this year. …
Budding economic recovery set to support sterling in weeks ahead, analysts argue
A budding economic recovery and a later start to the Bank of England’s interest rate cuts will support sterling over the coming weeks, analysts predict. On Monday sterling was trading …
Unions go to war with FCA management (again) over performance-related pay
Union leaders have once again complained about performance-related pay at the City watchdog, saying new grading schemes are “weighted towards punishment” as they continue to balk at reforms to the …
Everton reaction in full after Premier League points deduction reduced on appeal
Everton have received a boost in their battle against relegation after their points deduction for breaching the Premier League’s financial rules was reduced on appeal. The Merseyside club received a …