Browsing: Business pages

Wednesday’s budget will be one of the last set pieces the Tories have to win back the British public ahead of the general election. Yet Hunt’s approach shows the difficult balance he must strike between the desires of the electorate, the fiscal realities and the backbenchers nervously looking at their own majorities

Apple has been fined €1.8bn (£1.5bn) by the EU for breaking competition laws over music streaming. The firm had prevented streaming services from informing users of payment options outside the Apple app store, the European Commission said.

City AM – Back in room The front page of the London business newspaper City AM leads on Insurance giant Aviva heading back into Lloyd’s…

The London business newspaper CITY AM reports on a growing slowdown in consumer spending that hit London-listed operations yesterday – including Durex-maker Reckitt. 

The Financial Times reports that Russia has a “low bar” when it comes to using tactical nuclear weapons.

Russia is becoming more dangerous, America is less reliable and Europe remains unprepared. The problem is simply put, but the scale of its solution is hard to comprehend.

The Financial Times has carried out an analysis of OECD data for its lead story, which finds that a global drop in house prices that hit advanced economies has “largely petered out”.

The front page of the London business paper CITY AM reports Britons are ditching business cards, leading to predictions that they will soon die out altogether.  

The widespread drop in global house prices that hit advanced economies has largely petered out, according to a front-page lead story. 

The FT’s main story reports that a “bumper earnings report” from chipmaker Nvidia has sparked a global stock market rally, with the company’s shares surging 15% in early trading, adding £205bn ($260bn) to its value in the process.

The London business newspaper CITY AM leads on share plunges in Bytes Technology. Elsewhere the news that BT Tower has been bought and will be turned into a hotel makes the paper’s front page headlines. 

The London business newspaper CITY AM reports on the reaction to the UK recession by Bank of England’s Andrew Bailey. The paper claims Bailey has stuck his head in the sand over the recession news, and reports on the reaction from MPs and economists. 

The front page of the business newspaper Financial Times reports on Barclay’s pledge to return £10bn to shareholders over the next three years as part of an ambitious plan to boost revenues and rebalance the lender away from investment banking.

Surge in pension fund buying drives revival in UK corporate bond market Pension funds are piling into UK corporate bonds, encouraging some French and German…

LSEG chief in line for salary bump London Stock Exchange boss set for multi-million-pound pay rise despite listings slump The boss of the London Stock…

Today Donald Trump, Viktor Orban and a motley crew of Western politicians have demolished that orthodoxy, constructing in its place a statist, “anti-woke” conservatism that puts national sovereignty before the individual.

Brussels is to impose its first-ever fine on tech giant Apple for allegedly breaking EU law over access to its music streaming services, according to five people with direct knowledge of the long-running investigation.

The government needs to “roll out the red carpet” for companies mulling an IPO if the City is to solve the listings drought that has gripped London over the past year, a top City body has warned.

The Financial Times leads on the news Britain has slide into a recession, noting the economy shrank 0.3% in the last quarter. The paper suggests it’s a blow to the prime minister’s promise of growth – and in an election year, it will prove to be another hurdle facing the Conservative party. 

The London business paper CITY AM says the UK slipped into a recession at the end of last year after a poor performance from the dominant service sector pushed the economy into contraction, new figures show.

The Financial Times reports that Jeremy Hunt is considering “slashing billions of pounds from public spending plans” to fund pre-election tax cuts if he is penned in by tight finances in next month’s budget. 

The back page of London business paper CITY AM says Tui shareholders have voted to ditch the London Stock Exchange in favour of Germany, in the latest major blow to the embattled bourse.

Shareholders voted 98.35 per cent in favour of the decision at the travel giant’s annual general meeting, having required 75 per cent backing for the plans to go through.

The front page of the Financial Times reports Nato is set to announce that most of its members are on track to hit the alliance’s defence spending target as it prepares for more Russian aggression and braces for the potential election of Donald Trump.

The lead story for the Financial Times reports that former US President Donald Trump has a strong lead over current US President Joe Biden on the topic of the economy. The economy is usually the main concern for US voters – along with immigration. 

The front page of the London business newspaper, City AM, says Kemi Badenoch is under pressure from a top City group to revive a sweeping shake-up of audit rules after the government shelved many of its reform plans last year.