Markets
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New data lays bare the scale of CEO-worker pay divide.
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Shares in Metro bank boomed as markets opened on Monday after reports the high street lender had been approached for a takeover. The FTSE 250 bank’s stock was up nine per cent to 122.00p during early trading. On Friday, shares closed at 112.2p, giving it a market capitalisation north of £750m. This follows private equity…
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Treasury chief secretary Darren Jones refused to rule out further tax hikes in the autumn budget on Sunday. Asked on GB News whether he would rule out tax rises later this year, Jones said “that will be subject to the OBR forecasts… it’s right that we take these types of decision in an orderly way.”…
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Telecom, tech, private equity deals define a dynamic UK week.
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Metro Bank has received a takeover approach from Pollen Street Capital, sparking fresh concerns over the number of companies leaving the London Stock Exchange amid rising private equity interest. Read more: Metro Bank takeover approach adds to fears of London Stock Market exodus
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If London is serious about shaping the next era of tech, we must treat semiconductors as vital national infrastructure, writes Russ Shaw.
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An estimated investment of more than €240 billion will be necessary by 2050 to fulfil the EU member states’ nuclear energy plans and achieve energy decarbonisation objectives, according to the European Commission’s latest analysis. This estimate accompanies the Commission’s revised nuclear illustrative programme (PINC), which reviews nuclear development trends in the EU. This assessment aligns…
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A senior official admits errors in PPE Medpro contract approval, as day two of the £122m High Court case reveals confusion and contradictions inside the government’s Covid procurement process. Read more: PPE Medpro legal battle intensifies as civil servant admits approval ‘mistake’ over sterile gowns
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The High Court has upheld Labour’s decision to apply 20% VAT to private school fees.
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Middle East conflict jolts oil prices and global equities