Bloomberg UK

23/12/2023

Panmure Gordon, the British boutique investment bank controlled by former Barclay’s head Bob Diamond, and Liberum are reportedly in talks about a merger.

Panmure Gordon, the British boutique investment bank controlled by former Barclay’s Plc head Bob Diamond, and Liberum are in talks about a merger, the Times of London reported, without saying how it obtained the information.

23/12/2023

Leonard Green will become a co-controlling shareholder of the UK firm alongside Hg.

Buyout firm Leonard Green & Partners agreed to buy a stake in Iris Software from Hg in a deal that values the company at about £3.15 billion ($4 billion), marking a rare private equity deal in the tech sector.

23/12/2023

The health service is facing mounting seasonal pressure, with officials expecting it to be the most challenging winter yet.

NHS junior doctors in England have returned to work after a 72-hour strike, but their next spell of industrial action is less than a fortnight away.

23/12/2023

Wham! have secured the UK Christmas 2023 number one single with Last Christmas, having missed out on the title for 39 years.

Wham! have secured the Christmas 2023 number one single with Last Christmas, having missed out on the title for 39 years.

23/12/2023

HMRC applied to shut down 2,391 businesses in the year to Dec. 7 over unpaid tax debts, more than triple the attempts in the previous year.

British companies are being targeted with a sharp rise in winding up petitions as the country’s tax authority chases unpaid debts.

23/12/2023

The mayor had previously made it clear he did not believe altering the Ulez scheme for exporting vehicles would be possible under current laws.

The Mayor of London has pledged his support to send 4x4s and other vehicles to Ukraine that would otherwise be scrapped under the Ulez scheme.

22/12/2023

A new international naval coalition will aim to protect Red Sea shippers from attacks by Iran-backed Houthi militants, even though it won’t es**rt individual vessels, the US said.

The US’s new international naval coalition will serve as a “highway patrol” to protect shipping in the Red Sea from attacks by Iran-backed Houthi militants even though it won’t es**rt individual vessels, a Pentagon spokesman said.

22/12/2023

Will Revolut be the UK tech champion we've all been waiting for? Plus, electric cars are driving China towards the edge of the end of the age of oil. Get the Readout newsletter

Hi, I’m Katherine Griffiths, the City editor in London. This will be the last Readout until Tuesday 2nd January. Happy Christmas to our readers and we look forward to an interesting year in 2024.

22/12/2023

New: The United Nations Security Council passed a resolution Friday that called for increasing the flow of aid into the Gaza Strip but stopped short of demanding a cease-fire between Israel and Hamas.

The United Nations Security Council passed a resolution Friday that called for increasing the flow of aid into the Gaza Strip but stopped short of demanding a cease-fire between Israel and Hamas.

22/12/2023

The latest flexible workspace business to fold in the aftermath of the Covid pandemic.

A serviced-office provider with a slew of sites in London’s financial district has collapsed into administration, the latest flexible workspace business to fold in the aftermath of the coronavirus pandemic.

22/12/2023

Listen for the latest from Bloomberg UK Politics.

Get caught up on the day’s political news

22/12/2023

Let’s Hope for a Return to UK Growth in 2024

Whether 2023 officially ends in recession for the UK or not, there’s no doubt it was a mediocre year.

22/12/2023

Prosus shares suffer a record drop after China issued a raft of new measures that limit players’ spending within video games, dealing a blow to the value of the company’s holding in Chinese internet giant Tencent.

China’s raft of new measures limiting players’ spending on video games sent ripples through stock markets across the globe on Friday.

22/12/2023

A Christmas truce.

Bonjour et bienvenue to the Paris Edition. I’m Bloomberg Opinion columnist Lionel Laurent. If you haven’t yet, subscribe now to the Paris Edition newsletter.

22/12/2023

Malaria and other mosquito-borne diseases may become bigger threats as temperatures rise.

Hi, it’s Lisa in London. A recent trip to the tropics got me thinking about insect-borne diseases and pestilence. But before we get to that...

22/12/2023

One of the Bank of England’s most hawkish policymakers appeared to signal that he was re-thinking his “higher-for-longer” stance on interest rates after the surprise fall in inflation.

One of the Bank of England’s most hawkish policymakers appeared to signal that he was re-thinking his “higher-for-longer” stance on interest rates after Wednesday’s unexpectedly sharp fall in inflation.

22/12/2023

Travel across the UK heading into the busy Christmas holiday period was disrupted by Storm Pia.

Travel across the UK heading into the busy Christmas holiday period was disrupted by Storm Pia, which brought strong, blustery winds across northwest Europe on Thursday.

22/12/2023

The six best Christmas pub walks you can take without leaving London.

It’s an activity that’s easily slotted in to the eating and drinking season.

22/12/2023

London Tube workers will go on a “rolling strike” in the new year after more than 90% of union members voted against a pay offer.

London Underground workers will go on a “rolling strike” in the new year after more than 90% of union members voted against a 5% pay offer, RMT said in a statement on Friday.

22/12/2023

Ruling gives a rare glimpse into the royal family’s inheritance dispute.

A widow of the late King Fahd Bin Abdulaziz Al-Saud of Saudi Arabia won a legal fight over a London mansion on a road known as ‘Billionaire’s Row’, in a ruling that gives a rare glimpse into the royal family’s inheritance dispute.

22/12/2023

Recession Risk Revisited: The London Rush

Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction

22/12/2023

British online bank Revolut reports a 45% jump in revenue and a pretax loss in its delayed 2022 accounts

British online bank Revolut Ltd. reported a 45% jump in revenue for 2022 and a pretax loss in its delayed 2022 accounts.

22/12/2023

US indicates that it would support United Nations resolution that would allow for more aid to reach the Gaza Strip.

The US signaled it could support a resolution at the United Nations Security Council that would increase aid flowing to Gaza after drawn out negotiations had threatened to defeat the measure.

22/12/2023

The UK economy shrank in the third quarter, raising the possibility that Britain is already in a recession.

22/12/2023

Five things you need to know to start your day in Europe

Get up to speed with what the markets are monitoring

22/12/2023

The typical ingredients for a festive meal cost £15.77 ($19.96) more for J Sainsbury Plc customers who don’t have a Nectar card, compared with those who do, according to analysis of prices by Bloomberg News.

British shoppers could end up paying 40% more for their Christmas dinners if they don’t have a supermarket loyalty card, as the country’s biggest grocers entice consumers with special discounts.

22/12/2023

Hedge fund traders, Indian tycoons and a football club owner bought some of London's most expensive mansions in 2023

Some deals even exceeded £100 million as the ultra-rich shrugged off the UK’s broader housing market woes.

22/12/2023

On Merryn Talks Money, Professor Peter Byck says lessons from ancient bison herds can make cattle farming less of a climate disaster and more profitable.

22/12/2023

We took a 2,000-km road trip across China and glimpsed the end of the oil age.

Read The Big Take ⬇️

An EV road trip across China reveals how economics and consumer preferences—not green concerns—are hastening the energy transition

22/12/2023

NEW: Annual pay 💸
Michelin-starred restaurants 🍽️
Taylor Swift concerts 👍👎

Here’s how Hong Kong, Singapore, Tokyo, Sydney and Shanghai stack up when it comes to cost of living.

Pay rises, taxes and rent can all influence expat workers’ choice of city.

22/12/2023

Get up to speed on what's moving global markets.

Shares in Asia headed for opening gains after US stocks resumed a rally fueled by fresh data underscoring the pressure on the Federal Reserve to deliver more 2024 interest rate cuts than it flagged last week.

21/12/2023

Finance Minister Chrystia Freeland’s office is set to approve Royal Bank’s landmark deal to acquire HSBC’s Canadian operations.

The Canadian government will approve Royal Bank of Canada’s landmark deal to acquire HSBC Holdings Plc’s Canadian operations.

21/12/2023

The blockage of the Channel Tunnel linking Paris and London by striking workers has been lifted, French Transport Minister Beaune said

French Transport Minister Clément Beaune said the blockage of the Channel Tunnel linking Paris and London by striking workers has been lifted and that rail traffic can resume.

21/12/2023

RWE will buy the Norfolk Offshore Wind Zone, part of which was shelved by Vattenfall earlier this year as surging costs hammer the industry.

Germany’s RWE AG will buy a giant offshore wind development in the UK from Vattenfall AB, part of which was shelved by the Swedish company earlier this year as surging costs hammer the industry.

21/12/2023

Shell has begun cutting jobs beyond previously announced reductions in its low-carbon division as CEO Wael Sawan seeks to trim costs and bring them more in line with US rivals

Shell Plc has begun cutting jobs beyond previously announced reductions in its low-carbon division as Chief Executive Officer Wael Sawan seeks to trim costs and be more competitive with US rivals, people familiar with the matter said.

21/12/2023

Prague's chief of police provided an update after a lone gunman opened fire at a university building, in what is the Czech Republic’s worst mass shooting https://trib.al/H9vFn7I

21/12/2023

Apart from Japan, Australia is the only other developed economy where traders are uncertain whether policymakers will start lowering the key rate in the next six months.

Australia’s central bank was slow to respond to mounting inflation pressures post-pandemic and money market pricing suggests it will also trail global peers in shifting to rate cuts.

21/12/2023

The teen hacker who leaked GTA 6 footage and stole data from Nvidia is placed in a secure hospital by a British judge.

The teen hacker who leaked footage of Rockstar Games Inc.’s upcoming Grand Theft Auto VI installment and hacked into technology firm Nvidia Corp. was placed in a secure hospital by a British judge.

21/12/2023

The European Super League has returned, seemingly from the dead, to win a surprise victory in an EU court. What does this mean for fans? Get The Readout with Julian Harris

Competition law exists to protect consumers – at least in theory.

21/12/2023

The fraudulently obtained $11 billion arbitration award against Nigeria over a failed gas deal “should not have come into existence” and must be struck down, a judge said

The fraudulently obtained $11 billion arbitration award against Nigeria over a failed gas deal “should not have come into existence” and must be struck down, a judge said, in a sharply critical ruling over the winning company’s conduct during secret London legal proceedings.