The UK economy returned to growth in January with GDP up 0.2 per cent for the month, having fallen into recession in the final quarter of 2023, according to fresh data from the Office for National Statistics.
The FTSE 100 is down 0.1 per cent in afternoon trading. Among the companies with reports and trading updates today are Metro Bank, The Gym Group, Balfour Beatty and Victoria. Read
The FTSE 100 closed up 41.94 points at 7527.67. Among the companies with reports and trading updates today are International Distribution Services, Abrdn, EasyJet, JD Wetherspoon, Metro Bank, Revolution Bars and Next 15 Group. Read the Wednesday 24 January Business Live blog below.
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Donations to Prince Harry and Meghan Markle’s Archewell Foundation have plunged by $11million (£8.7m) in the past year – sending it into the red – with boss and the couple’s right-hand man James Holt handed a massive 280% payrise, it was revealed today.
The Sussexes have a released their charity’s annual report and a glitzy promotional film showing their good works in 2023 – but it has also emerged that its finances have dived.
An income tax return filed in
The Irvine, California-based company cited “progress we have seen to date on our production lines, the ramp of our in-house motor line and the supply-chain outlook” for its revised expectations.
The higher production forecast comes after the EV maker delivered 12,640 vehicles in the April-June period, beating analysts’ estimates of 11,000, a positive sign for the company that had struggled to ramp up production because of supply chain issues fueled by the pandemic and Russia’s invasion of Ukraine among others.
ITV star Paul Sinha has admitted he suffered a gambling addiction which led to him losing out financially.
The 53-year-old exclusively told Kate Thornton on her podcast, White Wine Question Time, that “no good” came from his gambling addiction and that he had “a lot of financial losses”.
When asked what he would say to his 16-year-old self, he admitted: “I would say is never, ever, ever walk into a betting shop in your life, because that’s the one avenue
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— Cbank groupthink needs busting, former Pimco boss Mohamed El-Erian tells our Twitter Spaces.
— Goldman points to “deposit beta” miscalculation as source of recent banking troubles.
— Turkish Lira losses are accelerating as the CBRT runs out of ammo.
ECB 3.25% ⇡ — BOE 4.5% ⇡ — FED 5.25% ⇡— SNB 1.5% ⇡— BOJ -0.10%
Punters have shared their fears that jobs will be at risk and cheap pubs which are a ‘lifeline’ for communities may be lost when Wetherspoon sells 32 of its pubs across England.
The hospitality chain, which operates 800 pubs across the UK, said it has made the ‘commercial decision’ after previously warning it could face losses of up to £30million.
In a statement, company spokesman Eddie Gershon said: ‘On occasion, Wetherspoon does put some of its pubs up for sale.
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There is a stretch of coastline in southern Cornwall known for its dragons. The black ones are rare, the green ones rarer; even a dedicated dragon hunter can go a lifetime without coming across a single one. Unlike the dragons of European myth, these do not hoard treasure, cannot breathe fire, and, lacking wings, cannot fly. They are aquatic, in that they always arrive from the sea,
Kyiv has survived another night under Russian attack with Putin’s ‘demoralised and exhausted’ troops suffering ‘heavy losses’ trying and failing to break through defences in the city’s outskirts, Ukraine’s commander has said.
Colonel General Alexander Syrsky, who is in charge of defending the city, said on Monday morning that ‘all attempts’ to breach the city failed and that the situation is currently ‘under control’. ‘We showed that we can protect our home from uninvited guests,’ he added.
