By Stefan Boscia Boris Johnson has said he is “certain” the next Prime Minister will provide cost of living help this autumn and claimed the UK has “the fiscal firepower and the headroom to continue to look after people”. Johnson today said during a ce…
Kistos and Serica walk away from proposed mega-merger
By Nicholas Earl The possibility of a proposed merger between Kistos and Serica Energy (Serica) appears to have ended, with neither party able to launch a convincing takeover offer of the other company. Kistos has confirmed it “will not make a firm off…
German tyre maker Continental posts €251m loss following ‘hurricane’ of setbacks
By Ilaria Grasso Macola German automotive manufacturer Continental has posted a quarterly loss of €251m (£212.3m) as it described the current setbacks as a “hurricane.” “The current headwind is rather like a hurricane and will not subside any time soon…
Recession fears outweigh tight markets as oil market rally remains elusive
By Nicholas Earl Oil prices edged up today, even though both major benchmarks remain weighed down by fears of a drawn-out economic downturn and reduced demand worldwide. Brent Crude and WTI Crude prices climbed 1.23 and 0.98 per cent respectively, tick…
Abdrn shares plunge as market turmoil sparks £320m loss
By Charlie Conchie Shares in Abrdn plunged today after the asset manager reported a £320m loss and a sharp slide in assets under administration in the first six months of the year, after a turbulent period on markets. In its half year trading update to…
New calculator shows how much you could have earned from crypto if you’d held on to it
By Darren Parkin A new calculator has been launched showing investors how much they could have earned from cryptocurrency by holding onto it from 2020. The platform has been created by Forex Suggest using the recorded value of cryptocurrencies to revea…
Toni Minichiello: Jess Ennis-Hill’s coach banned for sexually inappropriate behaviour
By Frank Dalleres The British athletics coach credited with guiding Jessica Ennis-Hill to the top of the sport, Toni Minichiello, has been banned for life after being found guilty of sexually inappropriate behaviour. Minichiello “dry humped” athletes, …
Avast revenue and operating profit sink ahead of £7bn takeover
By Millie Turner Antivirus software giant Avast’s revenue and operating profit has sunk so far this year, as it looks set for a takeover by fellow cybersecurity heavyweight NortonLifeLock. Revenue dipped 0.2 per cent to $470.3m (£389m) in the six month…
Olympic race walker King slams ‘toxic’ British Athletics
By Matt Hardy Two-time Team GB Olympic race walker Dominic King has accused British Athletics of being “a toxic governing body” which “fails to learn from its previous errors”. Last year, in March of 2021, King broke the 50km race walk British record w…
‘Iron out’ differences on global climate rules, say ECB and IMF
By Charlie Conchie Global guidelines on corporate climate reporting must fall in line with those in Europe and the US or investors could be hit by fragmented and inconsistent information, the European Central Bank and IMF have warned. Financial institu…