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At the end of a turbulent week that witnessed the election of a new prime minister and the death of the queen, London is...

After a week marked by the inauguration of a new prime minister and the death of the queen, the London stock market rose. The FTSE 100 index increased 1.2%, or 89.01 points, to 7351.07 and the FTSE 250 index increased 1.6%, or 309.74 points, to 19188.03 after the stock market...

Where would struggling households turn after a crackdown on payday lenders in the United Kingdom?

Errol Damelin and Jonty Hurwitz, entrepreneurs of South African descent, could not have imagined the impact they would have on the 120-year-old payday loans business when they set out to disrupt it in 2006. The founders of Wonga established the company to help cash-strapped borrowers just when the UK was...

How a teacher’s fantasy investment in crypto turned into a horror loss.

Duncan* laments the astounding value of his bitcoin holdings at the beginning of this year: "If I had sold everything, I would have had a quarter of a million pounds." During the coronavirus outbreak, the 47-year-old former elementary schoolteacher invested heavily in cryptocurrencies, putting his life savings into a portfolio...

GSK shares rise as the drugmaker fights ‘meritless’ cancer accusations over its heartburn treatment.

GSK has stated that it will 'vigorously' defend itself against any 'baseless' assertions that its heartburn medication Zantac raises the risk of cancer. GSK revealed that it has been identified as a defendant in about 3,000 personal injury claims in the United States, in response to escalating fears over a...

Asset management Abrdn gets a stake in FCA-approved cryptocurrency exchange Archax despite sell-off.

Abrdn has acquired a position in the licensed UK digital asset exchange Archax, making it the latest asset management to place a wager on crypto-assets. Stephen Bird, the chief executive officer of Abrdn, stated that the investment presented a chance for "huge financial gains" since blockchain technologies were "inevitably going...

London-listed Georgian lender announces £22.8m buyback, dividend boost.

London-listed TBC Georgian Bank has initiated a share repurchase program following the release of another solid quarterly report. The Georgian bank announced that it had authorized the purchase of up to 75 million Georgian lari (about £22.8 million) of its stock, with a portion of the funds to be transferred...

The rise of the rupee results in a gain of 386 points for stocks.

On Friday, the benchmark KSE-100 index reversed its losses due to the rupee's robust recovery and anticipated inflows. According to the website of the Pakistan Stock Exchange (PSX), the benchmark index rose 386.33 points, or 0.91 percent, to 42,629.66 points at 12:26 p.m. On Thursday, political turmoil and an increase in...

As Britons facing a harsh winter, energy firms fear a windfall tax hike.

Boardrooms of British oil and gas corporations shivered as the government hinted at plans to tighten its grip on their profits. The Chancellor of the Exchequer, Nadhim Zahawi, and the Business Secretary, Kwasi Kwarteng, have invited the heads of the major energy companies to a meeting today to explain their...

Investors praise Aviva CEO Amanda Blanc for ‘reinvigorating’ the insurer.

Investors applauded Amanda Blanc as Aviva pledged to return more money to shareholders after announcing stellar half-year earnings. As a boost for its half-million individual shareholders, the insurance and savings company pledged to conduct another share buyback. It comes only months after Aviva paid £4.8bn to its shareholders and is likely...

Coca-Cola HBC earnings plummet as Russia departure costs bottle up £161 million.

Coca-Cola HBC's earnings have decreased by roughly a third as a result of its decision to severely reduce its activities in Russia. The London-listed company's first-half net income decreased by 34.4% to €152.9 million despite total sales exceeding projections due to price increases and greater demand in emerging regions. The major...

Tui narrows losses as travel restrictions lift, but airport turmoil delays profitability.

The travel company Tui Group has effectively reduced its losses by two-thirds as a result of an increase in international tourism. The German leisure company traded on the London Stock Exchange reported a second-quarter loss of €331.2 million, compared to a loss of €939.8 million in the same period last...

Famous nonprofits restart their contentious fundraising strategy.

After stating they wouldn't, prominent organizations have resumed the contentious fundraising approach. The Telegraph can reveal that charities are increasingly employing contentious door-to-door fundraising as a means to capitalize on individuals working from home.The number of doorstep direct debit signups is expected to increase this year, according to data from...

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Younger Guinness drinkers boost Wetherspoon’s profitability

JD Wetherspoon anticipates annual profits approaching the "upper end" of market projections due to the increasing youthful consumer demand for Guinness and liquor. Sales for the pub chain in the similar-to-previous-year period have increased by 8.3% thus far in 2019 and by 5.2% in the thirteen weeks leading up to April 28.

Clean energy nearing fossil fuel phaseout

For the first time this year, renewable energy will reduce fossil fuels' dominant share in the global electricity market. This is the primary conclusion of Ember, a prominent London-based energy think tank, which published its first comprehensive Global Electricity Review analyzing data from 215 countries on Wednesday.

Tesco boosts Clubcard points with AI challenges – how?

The grocery store will invite an exclusive subset of Tesco Clubcard purchasers to participate in an experimental phase of its novel "Clubcard Challenges" initiative. Tesco intends to employ artificial intelligence to present "personalized" challenges to eligible Clubcard holders.   The following sections detail who will be eligible to participate in the trial, its operational procedures, and its duration.

Bankrupt crypto exchange FTX believes it can repay creditors $11bn

As the boom-and-bust cycle repeats, a sharp increase in bitcoin prices prompts the insolvent cryptocurrency exchange FTX to declare that it will be able to repay its creditors the total $11 billion (£8.8 billion) it owes.