Among the companies with reports and trading updates today are Intercontinental Hotels Group, Diageo, Young’s, Future, Hostmore, and Trainline.
Ajay Banga vows to build better World Bank: But is he the wrong man for the job?
The World Bank has never been more important. The resilience of the global economy as it recovers from the twin shocks of Covid and Russia’s war on Ukraine has been remarkable.
In particular, the inflationary spiral has been halted without huge pain in terms of growth and unemployment.
MARKET REPORT: Cheers! Nightcap in talks to buy Revolution bars
AIM-listed late-night bars group Nightcap is looking to shake up the sector in a cheeky bid for Revolution Bars.
Revolution met Nightcap to discuss proposals up to and including a full offer for the struggling business, and added that talks are not part of the formal sales process it unveiled in early April.
Lords call in FCA chief Nikhil Rathi over ‘name and shame’ plan
The City watchdog’s boss Nikhil Rathi is under increasing pressure over plans to ‘name and shame’ firms it is investigating – as peers demanded answers amid an intensifying row.
Rathi has been summoned to appear before a parliamentary committee as it launched an inquiry into the proposals.
The UK sees a rise in foreign direct investment
The UK was the only one of Europe’s top three economies to record a rise in foreign direct investment last year – in an apparent vote of confidence in Brexit Britain.
Figures compiled by EY showed the number of overseas-backed projects rose by six per cent to 985 while struggling France and Germany saw declines of five per cent and 12 per cent.
Novo Nordisk can’t keep up with demand for hit weight-loss drugs
Pharma giant Novo Nordisk has seen the booming demand for its weight loss drugs outstrip supply.
The Danish company’s revenues have surged thanks to an explosion in popularity for its diabetes and obesity drugs Ozempic and Wegovy.
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BUSINESS LIVE: IHG’s first-quarter revenues rise; Diageo appoints new finance boss; Trainline doubles profits
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