India’s IPO street is set to be crowded next week, with fresh offerings opening for subscription and a long list of companies preparing to ring the opening bell on the stock exchanges. The primary market will see four new public issues with a combined size of about Rs 830 crore opening in the third week…
Next, the high street fashion giant is plotting a swoop on Russell & Bromley, the 145-year-old shoe retailer. Sky News has learnt that Next, which has a market capitalisation of £16.6 billion, is among the parties in talks with Russell & Bromley’s advisers about a deal. City sources said this weekend that several other suitors…
Getty Images Drop-off charges were introduced at Gatwick in 2021 Gatwick Airport is increasing the price of its drop-off zones by £3, bringing the minimum charge to £10. The fee to allow drivers to stop outside the terminal for 10 minutes is set to increase on 6 January. The airport said the increase was “not…
BBC The rise in Tube fares was part of a funding deal with the government The cost of travelling on the London Underground, the Overground and the Elizabeth line is set to rise by 5.8% next year, the mayor of London has confirmed. The increase is 1% above the rate of inflation and will come…
Reuters US Federal Reserve Chair Jerome Powell The US Federal Reserve has lowered interest rates for the third time this year, even as internal divisions create uncertainty about additional cuts in the coming months. The central bank said on Wednesday it was lowering the target for its key lending rate by 0.25 percentage points, putting…
The price of silver has hit a record high ahead of an expected US Federal Reserve interest rate cut and demand from the technology industry for the precious metal remains high. On Tuesday, the spot market, where the precious metal is bought and sold for immediate delivery, saw the price of silver cross $60 (£45.10)…
Chancellor Rachel Reeves has said there were too many unauthorised leaks ahead of her budget last month. The amount of media stories about what might be in her statement led to criticism from Speaker Sir Lindsay Hoyle, who labelled it the “hokey-cokey Budget”, telling MPs, “One minute it’s in, the next minute it’s out.” The…
