Today: A weakening band of rain will move south across Scotland, with brighter but colder weather arriving in the northeast. Elsewhere fog patches lifting to leave a mostly dry and mild, though rather cloudy day. Patchy drizzle, with some brighter
Editorial 20.09.24
For a third day, the latest developments in the Middle East find a prominent place on the UK front pages. Many of the papers report the latest strike is taking the region a step closer to an ‘all-out war.’
A BBC investigation into Mohammed Al Fayed – the former owner of Harrods – makes several of the front pages. The papers report the BBC’s investigation found more than 20 female ex-employees say Mr Al Fayed sexually assaulted or raped them.
Friday’s papers also feature a dash of domestic politics as the Tory leadership race heats up and speculation over the upcoming Budget continues to cause fear and worry.
The i newspaper features an image of a funeral in Lebanon. The paper says as Israel bombs southern Lebanon, the region is now a step closer to an expanded war. Hezbollah was targeted with electronic device attacks and then a bombing attack has experts believing a retaliation is expected.
The Guardian leads with Hezbollah’s leader Hassan Nasrallah threatening Israel with “tough retribution and just punishment” in a speech on Thursday. He also threatened to strike Israel “where it expects and where it does not”.
The FT’s analysis says the attacks suggest Israel’s strategy is to force Hezbollah to rethink its military support for Gaza.
The Metro says the BBC investigation found more than 20 female ex-employees say Mr Al Fayed sexually assaulted or raped them. The paper says the tycoon who was “portrayed as the gregarious father” of Diana’s lover Dodi in Netflix’s The Crown “was a monster”.
The Mirror reports at least 100 women are feared to have been sexually abused by Fayed. The paper quotes his former personal assistant who accused him of raping her, saying: “He felt like such a powerful man with so much money.”
The Telegraph says the accusation about Fayad raises questions as to why he was not charged when the prime minister was the director of public prosecutions. But Downing Street said the PM had no involvement in the decision not to bring charges against Fayad who was questioned by police in 2008.
The Daily Telegraph’s lead story reports the prime minister is denying he has lost control of Downing Street “despite civil war breaking out at the centre of his government”. The paper claims No 10 tensions and the ongoing row over SUe Gray’s salary threaten to overshadow the Labour Party conference.
The Times says Rachel Reeves has been provided with a £10bn budget boost by the Bank of England. The boost is putting increasing pressure on the chancellor to ease her spending cuts and tax rises. Labour MPs are calling for the cash to be used to delay scrapping some pensioners’ winter fuel payments.
The Daily Mail leads on Tory leadership hopeful Robert Jenrick, who’s written in the paper that mass immigration and woke culture have put the nation’s identity at risk. In his article, he writes that “unprecedented migration” and the “dismantling of our national culture” have presented what he calls “huge problems”.
The FT says consumer confidence fell in September, wiping out all the progress the UK had made so far this year, The paper says it comes despite consumers benefiting from cheaper loans, rising real wages and a decrease in inflation.
France on the verge of naming new government France is on the verge of unveiling a new government, with the final decision awaiting approval from President Emmanuel Macron. After months
Nike CEO John Donahoe will step down next month, making way for company veteran Elliott Hill to take over leadership of the world’s largest sportswear brand amid increasing competition in
Kentucky sheriff held over fatal shooting of judge in court A Kentucky sheriff has been arrested after allegedly shooting and killing a judge inside his chambers, according to police. District
Haiti takes steps to holding first elections since 2016 Haiti’s government has taken a significant step toward holding long-overdue elections with the establishment of a new electoral body. On Wednesday,
Storm Boris batters Italy after causing devastation throughout central Europe Storm Boris continues to wreak havoc across northeastern and central Italy, just days after causing devastating flooding throughout central Europe.
Israel says 100 Hezbollah rocket launchers hit in Lebanon Israel has launched a series of intense air strikes on southern Lebanon, targeting over 100 Hezbollah rocket launchers and what it
London Stock Exchange will decline in the coming years
cityam.com Tweet
UK economy contracts as wet weather and strikes hit activity
FT.com Tweet
HSBC has unveiled its latest multibillion-pound share buyback after beating profit estimates in the third quarter as the Asia-focused bank gears up for a major restructuring.
The announcement drove HSBC’s share price 4.7 per cent higher in London and up 3.7 per cent in Hong Kong during earlier trading – with both at their highest level in around six years.
The London-based lender reported a pretax profit of $8.5bn (£6.6bn) between July and September, up from $7.7bn (£5.9bn) a year earlier. Analysts had expected a profit of $7.6bn (£5.9bn).
HSBC announced a $3bn (£2.3bn) share buyback and dividend of 10 cents (7.7p) per share to reward investors, bringing its total shareholder distributions to $18.4bn (£14.2bn) this year alone.
FTSE 100 oil giant BP has reported strong-than-expected earnings for the third quarter.
On Tuesday, it posted an underlying replacement cost profit, used as a proxy for net profit, of $2.3bn (£1.8bn) for the three months to 30 September.
The figure beat analyst expectations of $2.1bn (£1.6bn), according to an LSEG-compiled consensus.
However, the figure was worse than the $2.8bn (£2.2bn) profit reported for the second quarter of 2024 and far below the $3.3bn (£2.5bn) reported for the third quarter of 2023.
Yougov shares jumped 13 per cent on Tuesday as the data firm reported revenue and operating profit narrowly ahead of full-year expectations.
In unaudited results for the year to 31 July, 2024, Yougov posted a three per cent organic revenue increase, with reported revenue up 30 per cent to £258.3m, driven by its recent CPS acquisition.
This outpaced guidance offered in August, owing to higher-than-expected research activity in July.
Adjusted operating profit inched up from £49.1m in 2023 to £49.6m, with trading this year tracking last year’s levels and reflecting slower sales bookings in the second half.
Sadiq Khan deflects the real issue as The Mayor of London has announced plans to pedestrianise Oxford Street in a bid to reinvigorate the nation’s “most famous high street” and attract more shoppers.
The Mayor of London has announced the proposals to turn the road into a traffic-free avenue, alongside a wider regeneration of the shopping destination.
The retail area has seen a huge fall of sales, which Labour are trying to cover with this scheme. The main reason why the are has seen a drop in sales is because Sunak ended ‘reclaim VAT scheme’ for those outside the EU. Which meant the tourists are now spending their money in Europe instead.
As well as the ongoing thefts and robberies targeting tourists in London.
Labour do not want to reverse that scheme as it generates a 25bn annual for the coffers, so changing the narrative to pedestrianise Oxford street is deflection form the real problem.
AstraZeneca outlines AI-enabled TROP2 biomarker strategy for Daiichi ADC after limited lung cancer showing.
AstraZeneca has used artificial intelligence to devise a unique biomarker for its Daiichi Sankyo-partnered datopotamab deruxtecan (Dato-DXd), hoping to differentiate the antibody-drug conjugate (ADC) from competitors while offering an explanation why the TROP2-directed therapy appears to work only in some non-small cell lung cancer (NSCLC) patients.
What this means for you is, although algorithms have been used in data by the NHS for decades, this has opened a new path for AI tech which as it it developed will become more intuitive. And in the event of a pandemic will be used to cattle people to the ‘right treatment’ using indicators generated by AI, not by a GP.
You can see this developing into a screening process for GP surgeries and as the NHS is crying out for more help, you can see the health industry ( big pharma) rolling a pat out ot this in the near future.
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