L Catterton Starts India Unit With Ex-Unilever Veteran Mehta: L Catterton, backed by French luxury group LVMH Moet Hennessy Louis Vuitton SE ...
bloomberg.com/news/articles/2024-03-28/l-catterton-starts-india-unit-with-ex-unilever-veteran-mehta
FTSE 100 Live: What's Moving UK Markets, Right Now
bloomberg.com/news/live-blog/2024-03-28/ftse-100-what-s-moving-uk-markets-right-now-markets-today
Virgin Media came bottom of our latest broadband rankings, with Sky close on its heels.
BT and TalkTalk were also beaten by their smaller rivals as they ... Show more
StanChart Sees $30 Billion of Added Inflows Into Indian Bonds: India’s bond market will likely see an additional inflow of as much as $30 billion after the ...
bloomberg.com/news/articles/2024-03-28/stanchart-sees-30-billion-of-added-inflows-into-indian-bonds
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AI Will Suck Up 500% More Power in UK in 10 Years, Grid CEO Says: Electricity demand from UK data centers will jump sixfold over the next 10 years as a boom in ...
bloomberg.com/news/articles/2024-03-26/ai-will-suck-up-500-more-power-in-uk-in-10-years-grid-ceo-says
Aviva: Capital Return Equity Story Still Intact: AVVIY has seen a total return of 16% since my last post, boosted by dividends and a rerating of its forward PE ...
seekingalpha.com/article/4680990-aviva-capital-return-equity-story-still-intact
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Man forged mother's signature to sell her Rolls Royce to settle debts from gifting flower garlands at clubs
channelnewsasia.com/singapore/man-forged-mother-signature-sell-rolls-royce-debt-diao-hua-hang-flower-garland-4224766
UK's FTSE 100 rises on banks, miners boost; set for positive end to March quarter
reuters.com/world/uk/uks-ftse-100-crawls-higher-boosted-by-commodity-linked-stocks-spirent-jumps-2024-03-28/
Frightening moment plane aborts landing at London Gatwick amid high winds: easyJet says the Captain did a 'go around'
mylondon.news/news/transport/frightening-moment-plane-aborts-landing-28906389
YouTuber buys Rashford's £700k Rolls Royce for cut price & makes startling find: Marcus Rashford was involved in a car crash near Manchester United's ...
mirror.co.uk/sport/football/news/marcus-rashford-rolls-royce-crash-32452202
SSE Renewables and Bord na Móna plan to spend €1bn on onshore wind farms: State-owned Bord na Móna and SSE Renewables will build green energy projects across the ...
irishtimes.com/business/2024/03/28/sse-renewables-and-bord-na-mona-plan-to-spend-1bn-on-onshore-wind-farms/
Boss of British Gas owner Centrica sees pay nearly double to £8.2m - largely thanks to share price success
standard.co.uk/business/business-news/centrica-boss-british-gas-salary-pay-chris-oshea-b1147826.html
BAE Systems unveils new version of AMPV armored vehicle: At the 2024 AUSA Global Force Symposium, BAE Systems is unveiling its latest Armored Multi-Purpose ...
defence-blog.com/bae-systems-unveils-new-version-of-ampv-armored-vehicle/
This snowboard is made from paper — and it shreds like a dream: Professional freeride snowboarder Cody Bramwell carves through the deep white powder ...
thenextweb.com/news/paper-snowboard-papershell-snowsurfing-sweden-circular-tech
HSBC completes sale of Canadian unit to RBC: HSBC Holdings said it completed the sale of its Canadian unit, HSBC Bank Canada, to Royal Bank of Canada (RBC) on ...
reuters.com/business/finance/hsbc-completes-sale-canadian-unit-rbc-2024-03-29/
Sean Combs’ Cassie Lawsuit Settlement Was Only the Beginning of His Troubles: The hip-hop mogul denied sexual assault accusations in a bombshell suit in November ...
nytimes.com/2024/03/27/arts/music/diddy-sean-combs-businesses-raid.html
DS Smith shares jump 7% after International Paper buyout proposal: Shares in DS Smith opened 7.7% higher on Wednesday after the company said it is in talks with ...
reuters.com/markets/deals/ds-smith-shares-jump-7-after-international-paper-buyout-proposal-2024-03-27/
Marks & Spencer’s archive is a window on 20th-century Britain: Pants, socks and social history
economist.com/britain/2024/03/22/marks-and-spencers-archive-is-a-window-on-20th-century-britain
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Sam Bankman-Fried is facing a heavy jail sentence. How long will he get?: Also on the daily podcast: building new cities and Marks & Spencer’s archive
economist.com/podcasts/2024/03/28/sam-bankman-fried-is-facing-a-heavy-jail-sentence-how-long-will-he-get
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Quick Glance: Sam Bankman-Fried's Verdict: 25-Year Prison Term - BBC News
- Sam Bankman-Fried received a 25-year prison sentence. Key details from the court hearing in New York were summarized, focusing on his defense lawyer's arguments and the judge's ruling.
- The judge criticized SBF's lack of remorse, noting that he had never expressed a word of regret for committing terrible crimes. Customers who lost money in the collapse reported experiencing nightmares.
- SBF admitted to making a series of poor decisions but claimed that customers could be reimbursed. The judge pointed out that the assertion that customers would be fully repaid through the bankruptcy process was misleading.
- The court hearing also included testimonies from customers who lost significant amounts of money, insights into SBF's background, and the reasons behind the collapse of his company FTX.
Authorities searched Diddy's properties as part of a sex trafficking probe. Here's what to know
apnews.com/article/sean-combs-diddy-7df04189286f1570ce07ccd2c3d473d3
Quick Glance: Firearms Discovered at Sean 'Diddy' Combs' L.A. and Miami Properties, Sources Say
- During searches of Sean 'Diddy' Combs' properties in Los Angeles and Miami, federal agents found firearms, as confirmed by three informed sources on Tuesday. Homeland Security Investigations executed search warrants from the U.S. District Court for the Southern District of New York on Monday and confiscated the music mogul's phones in Miami before his planned trip to the Bahamas. According to a source familiar with the matter, Combs is under a federal criminal investigation due to multiple lawsuits filed against him in recent months.
- Reportedly, Combs has been involved in numerous civil lawsuits since November, following a lawsuit from his former romantic partner Cassie, who accused him of physical and sexual abuse over several years. Combs has denied each of the sexual assault allegations, calling them 'sickening.' In February, a former employee who worked for Combs from September 2022 to November 2023 filed a lawsuit alleging sexual harassment, drugging, and threats.
- The cases are ongoing, and Combs has maintained his denial of the allegations. A man arrested on drug charges at a Miami airport on Monday is said to be an associate of Combs. Brendan Paul, 25, was arrested at the Miami-Opa Locka Executive Airport on suspicion of possessing suspected cocaine and suspected marijuana candy. Court records indicated that Paul was released on bond on Tuesday.
FTSE Holds Off Adding South Korea, India to Key Bond Indexes: FTSE Russell said South Korea will continue to stay on the watch list for inclusion to its global ...
bloomberg.com/news/articles/2024-03-27/ftse-holds-off-adding-south-korea-india-to-key-bond-indexes
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India central bank keen to further build up record high FX reserves, say sources: India's central bank will keep building its forex reserves as it seeks to build ...
reuters.com/world/india/india-cenbank-keen-further-build-up-record-high-fx-reserves-say-sources-2024-03-27/
Quick Glance: India's Central Bank Focuses on Expanding Record FX Reserves
- India's central bank aims to continue building its forex reserves to create larger buffers. Strong inflows into the Indian equity and debt markets provide an opportunity for this, according to sources familiar with the bank's thinking.
- According to analysts, the absorption of dollar inflows by the Reserve Bank of India will indirectly prevent a sharp appreciation of the rupee, despite high economic growth and a positive balance of payments.
- The pace of reserve building has increased in recent months with significant dollar inflows into the equity and debt markets.
- Barclays Investment Bank forecasts that India's FX reserves are expected to exceed $700 billion by the end of 2025 to keep up with the economy's growth.
Sainsbury's TU shoppers praise £20 jeans that 'fit perfectly': The jeans have a five-star customer rating
nottinghampost.com/whats-on/shopping/sainsburys-tu-shoppers-praise-best-9195146
Is it Cheaper to Buy or Rent a Home in London? Owning Wins Out, Halifax Says: Owning property in London remains better value than renting, even after mortgage ...
bloomberg.com/news/articles/2024-03-27/is-it-cheaper-to-buy-or-rent-a-home-in-london-halifax-says-owning-wins-out
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Exclusive: SIX Group CEO rules out Allfunds bid amid M&A hunt: SIX Group has ruled out making a bid for fund distribution group Allfunds after studying an ...
reuters.com/markets/deals/six-group-ceo-rules-out-allfunds-bid-amid-ma-hunt-2024-03-27/
Marks & Spencer’s archive is a window on 20th-century Britain: Pants, socks and social history
economist.com/britain/2024/03/22/marks-and-spencers-archive-is-a-window-on-20th-century-britain
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UK property market shows hard-learned lessons on leverage: UK offers hope of a softer landing for real estate sector than in the US or Europe
ft.com/content/f4ac9a0c-a424-4633-872d-389a5bcd045b
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FTSE to add Portugal to world bond index in November; others remain on watch: FTSE Russell said it would add Portugal to its FTSE World Government Bond Index ...
reuters.com/markets/europe/ftse-add-portugal-world-bond-index-november-others-remain-watch-2024-03-27/
Barclays executive denies discrimination in employee case: Barclays' former Global Head of Race at Work has defended her decision not to investigate further an ...
reuters.com/business/finance/barclays-executive-denies-discrimination-employee-case-2024-03-27/
Quick Glance: Barclays executive refutes discrimination allegations in employee case
- Former Global Head of Race at Barclays, Nazia Lawrence, defends her choice not to pursue a complaint from an employee alleging discrimination based on race, religion, and gender.
- Azura Mason, previously holding the position of Global Head of Race and currently serving as a director in the Chief Compliance Office of the investment bank, found no indications of bias or discrimination in an internal review of Lawrence's appeal, leading to no further investigation.
- Court records show Lawrence's claim of receiving less favorable treatment compared to white male colleagues at the same professional level who were promoted while she was not.
- Apart from seeking financial redress, Lawrence has requested guidance for additional training opportunities at Barclays and the implementation of a transparent protocol for promotions.
UK competition regulator decides against in-depth probe of Aviva, AIG Life UK merger
reuters.com/markets/deals/uk-competition-regulator-decides-against-in-depth-probe-aviva-aig-life-uk-merger-2024-03-28/
Glencore's ex-head of oil loses UK legal fight over tax: Glencore's former head of oil has lost a legal battle with the British tax authority over nearly 150 ...
reuters.com/world/europe/glencores-ex-head-oil-loses-uk-legal-fight-over-tax-2024-03-26/
Ocado Retail sales rise as sharper prices win more customers: British online supermarket Ocado Retail said a focus on sharper prices helped it win more customers ...
reuters.com/business/retail-consumer/ocado-retail-quarterly-sales-up-106-it-wins-more-customers-2024-03-26/
HSBC setting up $1 bln growth fund to scale up digital platform businesses in Southeast Asia
reuters.com/business/finance/hsbc-setting-up-1-bln-growth-fund-scale-up-digital-platform-businesses-southeast-2024-03-27/
Ben & Jerry’s Owner Loses Its Taste for Ice Cream: Unilever plans to spin off its ice-cream business and could consider a sale, with 7,500 jobs potentially being ...
on.wsj.com/3v848Xv
Quick Glance: Unilever to Split Ice Cream Business, Cut 7,500 Jobs
- Unilever plans to separate its ice cream business, including brands like Ben & Jerry's, and intends to cut 7,500 jobs.
- The restructuring aims to boost growth, involving job cuts to achieve €800 million in cost savings over the next three years.
- Separating the ice cream business will help Unilever focus on four core businesses and avoid controversial political issues related to Ben & Jerry's.
- The targeted cost savings are expected to increase Unilever's profits, allowing the company to reinvest in research, development, and marketing to achieve mid-single digit sales growth.
How HSBC Transformed Its Customer Experience - SPONSOR CONTENT FROM HSBC: Sponsor content from HSBC.
hbr.org/sponsored/2024/03/how-hsbc-transformed-its-customer-experience
FTSE 100 Live: What's Moving UK Markets, Right Now
bloomberg.com/news/live-blog/2023-12-15/what-s-moving-uk-markets-right-now-markets-today
British Gas owner doubles boss’s pay to £8m – despite qualms over previous rise : Details of Chris O’Shea’s ballooning package emerge in Centrica’s annual report ...
theguardian.com/business/2024/mar/26/british-gas-owner-doubles-bosss-pay-to-8m-despite-qualms-over-previous-rise
Athleisure shares appear out of shape: Sales have recovered from the pandemic, but valuations are sluggish
ft.com/content/85b25ae6-0a82-40c1-b5b9-6e0807f5b230
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Rachel Bancroft is a savvy points hoarder, making around £500 a year just from storing up her supermarket loyalty points
Rio Tinto: We're Looking For An Exit Due To China Concerns: Rio Tinto is close to a fair valuation compared to its major peers and its historical P/E ratios ...
seekingalpha.com/article/4680193-rio-tinto-re-looking-for-exit-due-to-china-concerns
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Easter chocolates hit by 12.6% price rise and shrinkflation: Easter chocolates have seen a 12.6 price increase in the past year, while also being impacted by ...
herefordtimes.com/news/national/uk-today/24210549.easter-chocolates-hit-12-6-price-rise-shrinkflation/
‘I’ll miss the quiche’: Walworth shoppers react to M&S closure: Walworth shoppers were rocked by the news that the M&S on Walworth Road is set to close after a ...
southwarknews.co.uk/area/walworth/ill-miss-the-quiche-walworth-shoppers-react-to-ms-closure/
Supermarket shoppers 'outraged' after spotting 'yoghurts classed as main' sign: Supermarket chain Sainsbury's has responded to heavy backlash after one ...
mirror.co.uk/money/supermarket-shoppers-outraged-after-spotting-32435155
Trading house Mercuria to hire ex Shell LNG head Steve Hill: Energy trader Mercuria will hire prominent gas trader Steve Hill, formerly head of LNG at Shell ...
reuters.com/business/energy/energy-trading-house-mercuria-hire-former-shell-lng-head-steve-hill-sources-say-2024-03-26/
⚠️URGENT RECALL: Sainsbury’s is recalling 'by Sainsbury’s Flaked Almonds' because Salmonella has been found in the product ... Show more
StanChart CEO Winters meets China FX regulator, launches investment banking unit: Standard Chartered CEO Bill Winters met with the head of China's foreign ...
reuters.com/business/finance/stanchart-ceo-winters-meets-china-fx-regulator-launches-investment-banking-unit-2024-03-26/
Rolls-Royce plans to double size of Derby site creating 1,000 new jobs: The manufacturing giant has been handed nuclear submarine contracts by the Government
derbytelegraph.co.uk/news/derby-news/rolls-royce-plans-double-size-9191594
Why industrial electrification needs cross-sector collaboration: The green transition and industrial electrification needs a paradigm shift across the whole ...
weforum.org/agenda/2024/03/how-industrial-electrification-relies-on-collaboration-across-sectors/
The Russian Northern Fleet: New Acting Commander and Several New Submarines: The Russian Northern Fleet has gained a new Acting Commander in Vice Admiral ...
highnorthnews.com/en/russian-northern-fleet-new-acting-commander-and-several-new-submarines
'There’s nothing that says authenticity quite like charging the price of a car for something that would set you back 25 quid from Argos'
Nigeria’s high-cost oil industry is in decline: That will leave a gaping hole in exports and public finances
economist.com/middle-east-and-africa/2024/03/21/nigerias-high-cost-oil-industry-is-in-decline
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Fundamentals vie with 'FOMO' as US tech boom driver: Fundamentals or "FOMO?"
reuters.com/markets/us/fundamentals-vie-with-fomo-us-tech-boom-driver-2024-03-26/
Global IPO revival lags first quarter share sales as markets rally: Dealmaking in global equity capital markets had its strongest start in three years in 2024 as ...
reuters.com/markets/deals/global-ipo-revival-lags-first-quarter-share-sales-markets-rally-2024-03-27/
Hoeller Electrolyzer: Rolls-Royce investment goes bankrupt: The high-tech company Hoeller Electrolyzer from Wismar is considered a specialist in efficient ...
wiwo.de/unternehmen/industrie/gruener-wasserstoff-rolls-royce-beteiligung-geht-in-die-insolvenz/29731190.html
Oppenheimer most bullish in its year-end forecast for S&P 500: Oppenheimer Asset Management on Monday became the most bullish among global brokerages in its ...
reuters.com/markets/us/oppenheimer-most-bullish-its-year-end-forecast-sp-500-2024-03-25/
UK engineer Smiths appoints new CEO as half-year profit climbs on strong orders: Smiths Group named insider Roland Carter as its new CEO on Tuesday effective ...
reuters.com/business/smiths-group-appoints-insider-roland-carter-new-ceo-2024-03-26/
Garden City: Around 200 new homes planned for Northern Gateway: An application has been lodged which could see 200 properties constructed on the Northern Gateway ...
chesterstandard.co.uk/news/24199441.deeside-around-200-new-homes-planned-northern-gateway/
'Comfy' £18 Sainsbury's shoes look just like £735 Christian Louboutin's: Sainsbury's shoppers could save around £717 by opting for the supermarket ...
walesonline.co.uk/whats-on/shopping/comfy-18-sainsburys-tu-shoes-28895095
Hands Across the Sea: Fifty years ago, Scottish workers refused to fix engines from the fighter jets of Pinochet's regime. As Israel commits genocide with ...
tribunemag.co.uk/2024/03/hands-across-the-sea/
I found 'adorable' Primark heels for £14 - but my jaw dropped when I went to M&S: Primark has launched some gorgeous denim pieces for this summer - but when I ...
birminghammail.co.uk/whats-on/shopping/found-adorable-primark-kitten-heels-28886888
Benefit from one of the biggest comebacks of the year with these high-dividend stocks
boerse-online.de/nachrichten/aktien/mit-diesen-hochdividendenaktien-von-einem-der-groessten-comebacks-des-jahres-profitieren-20353868.html
Australia’s $4.6bn Aukus funding to help create more than 1,000 jobs in UK, Rolls-Royce says
theguardian.com/world/2024/mar/25/australia-aukus-funding-uk-jobs-rolls-royce
Petition to stop Marks and Spencer Walworth closure launched: ‘Upset’ shoppers have launched a campaign to stop the closure of the Marks & Spencer on Walworth ...
southwarknews.co.uk/area/walworth/petition-to-stop-marks-and-spencer-walworth-closure-launched/
Despite stagnating interest rates! This bank offers 4.0 percent on daily money: The ECB is keeping the key interest rate stable, and interest rates for overnight ...
focus.de/finanzen/banken/tagesgeld-zinsticker-trotz-stagnierender-zinsen-diese-deutsche-bank-bietet-4-0-prozent-aufs-tagesgeld_id_125594616.html
'I praised Sainsbury's driver job in viral TikTok video - they sacked me for it': Ollie Tutt praised his supermarket delivery job in a video that racked up ...
dailyrecord.co.uk/news/uk-world-news/i-praised-sainsburys-delivery-job-32463035
Britain to follow U.S. move to halve stock settlement time: Britain's stock markets should halve the time it takes to settle a share trade to stay competitive ...
reuters.com/markets/europe/britain-follow-us-move-halve-stock-settlement-time-2024-03-28/
Tesco cuts price of Easter essentials until April 2: There are deals on veg, meat, Easter eggs and Hot Cross Buns
walesonline.co.uk/whats-on/shopping/tesco-cuts-price-easter-essentials-28896238
Australia selects BAE to build nuclear powered submarines: SSN-AUKUS will be one of the largest, most powerful and advanced attack submarines ever operated by ...
ukdefencejournal.org.uk/australia-selects-bae-to-build-nuclear-powered-submarines/
Sainsbury's Tu 'stylish' £9.60 midi dress looks 'designer': The £9.60 dress has proven popular with Sainsbury's shoppers online, with a number of them ...
walesonline.co.uk/whats-on/shopping/sainsburys-tu-stylish-960-midi-28863093
Britain's Co-op Bank plans 400 layoffs as merger talks continue: Britain's Co-operative Bank said on Tuesday it had started a consultation to cut around 400 jobs ...
reuters.com/world/uk/britains-co-op-bank-plans-400-layoffs-2024-03-26/
Quick Glance: Cost-Cutting Measures: Co-operative Bank to Slash 400 Jobs
- The Co-operative Bank has announced plans to cut 400 positions to boost efficiency and reduce costs. This action is part of the lender's largest cost-cutting and restructuring programme since being rescued by hedge funds in 2017.
- The layoffs will impact various areas of the business, including its 50 branches, aiming to decrease the workforce of 3,000 employees by approximately 12%.
- These cuts signify a significant step as part of the bank's transformation plan following efforts over the past three years to simplify the lender and foster sustainable growth.
- A potential agreement could lead to the ethical bank returning to member ownership and operating as a key player in the High Street with nearly 5 million customers.
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