Economic news and events


TOP NEWS SUMMARY: Lawsuit claims Musk pushed down Twitter share price

The following is a summary of top news stories Friday.

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COMPANIES

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Elon Musk faces a lawsuit accusing him of pushing down Twitter's stock...

Fri, 27/05/2022 - 10:41


LONDON BRIEFING: Pound bounce holds back FTSE 100 ahead of US data

London shares were lagging other markets in Europe and Asia on Friday, after a strong rally on Wall Street overnight. The pound moved above $1.26,...

Fri, 27/05/2022 - 08:16


TOP NEWS: UK Chancellor denies support is to deflect from parties

UK Chancellor Rishi Sunak has insisted he did not time handing out £21 billion worth of cost-of-living support to deflect from the controversy over Downing...

Fri, 27/05/2022 - 06:03


UPDATE: Pressure mounts on UK PM following 'damning' partygate report

UK Prime Minister Boris Johnson's hopes of drawing a line under the partygate row suffered a blow after a string of Tory MPs called for...

Thu, 26/05/2022 - 17:25


UPDATE: UK sets out £15 billion package to mitigate cost of living

Millions of UK households will receive a £400 discount off their energy bills and a £5 billion tax will be levied on oil and gas...

Thu, 26/05/2022 - 13:25


TOP NEWS SUMMARY: US Fed to steadily tighten; China warns on growth

The following is a summary of top news stories Thursday.

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COMPANIES

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Elon Musk notified US regulators that he will rely less on loans...

Thu, 26/05/2022 - 11:17


LONDON BRIEFING: Johnson Matthey promises to restore shareholder value

Johnson Matthey on Thursday said it is determined to ‘restore value to our shareholders’ after recent changes in direction sent shares tumbling.

The London-based specialty...

Thu, 26/05/2022 - 08:31


UK car output down in April as semi-conductors still in short supply

The global shortage of semi-conductors and the impact of the war in Ukraine led to a ‘volatile’ April for the UK car industry, with production...

Thu, 26/05/2022 - 06:33


UK Chancellor to announce windfall tax and possible energy bill grant

UK Chancellor Rishi Sunak is expected to cave in to pressure to impose a windfall tax on the soaring profits of oil and gas firms...

Thu, 26/05/2022 - 06:18


TOP NEWS: UK PM Johnson defies calls to quit after Gray report

UK Prime Minister Boris Johnson has said he ‘overwhelmingly’ believes he should remain in office despite public anger at the ‘bitter and painful’ conclusions of...

Thu, 26/05/2022 - 06:13


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