Summary: FTSE 100 is down despite the announcement of new North Sea oil and gas licenses. Financial Conduct Authority (FCA) has undergone an overhaul for fair treatment of consumers. UK's largest banks are planning a £5 million advertising campaign to support customers with repayments. BT Group 's shares slipped after the announcement of Alison Kirkley as the new chief executive. Marshall 's share price plummeted following the news of 250 job cuts . Walmart acquires TigerGlobal 's investment in Flipkart for $1.4 billion, increasing its stake to over 80%. ScanCell 's share price rises as the company expa...

Summary: Doctors in Chester hospital accused of not acting on consultants' warnings about Lucy Letby . Dr. Susan Gilby , Chief Executive of the Trust, suspects management inaction allowed Letby to continue. Calls for a full public inquiry to uncover the truth surrounding Lucy Letby 's actions. ...

Summary: NatWest Group CEO Dame Alison Rose admits 'serious error' in handling Nigel Farage's banking row. Farage claimed his account closure was politically motivated, leading to a public dispute with the bank. The BBC apologized for inaccurate reporting, revealing Dame Alison Rose as the source. Calls for Dame Alison Rose's resignation as CEO of NatWest Group grow as government intervention looms. Multiple investigations triggered by Farage's complaint may have significant implications for the bank. ...

Summary: A former Coutts employee, Lewis, criticized the bank's CEO, Alison Rose, for discussing confidential client matters with a BBC journalist, citing such behavior as unacceptable. Lewis questioned the relevance of Coutts' focus on social causes like environmentalism and LGBTQ+ rights in relation to the bank's business performance. Concerns were raised about the potential conflict between Coutts' role as a financial institution and its involvement in moral and political matters. Lewis suggested that Coutts' emphasis on certain issues might reflect minority views rather than aligning with the preferences of t...

Summary: FTSE 100 rises on a day of earnings announcements , driven by Cendrica 's exceptional performance with a tenfold increase in net cash and 55% jump in adjusted profit . Shell 's $5.5 billion buyback scheme and dividend hike fail to impress investors , leading to a decline in shares. Barclays faces challenges as increasing quarterly pre-tax profits are overshadowed by mounting bad debt provisions . Drax Group 's positive half-year pre-tax earnings do not prevent a slip in shares. BT opens higher on the back of quarterly revenue rise , while Ocado 's shares are impacted by the upcoming retirement of th...

Summary: Jacob Rees-Mogg calls on the BBC to apologize for a story that was reported incorrectly. Rees-Mogg discusses the recent by-election results and the need to engage Tory voters for the upcoming general election. He advocates for getting rid of costly policies, reducing taxes, and lowering government spending. Rees-Mogg clarifies his support for Prime Minister Rishi Sunak while expressing his role as a backbencher to discuss and critique policies. The interview addresses the banking story involving Nigel Farage and the BBC's business editor, emphasizing the need for accountability if client confidentiality was breached. ...

Summary: Former SNP MP Margaret Ferrier ousted after breaking Covid laws and exposing the public to risk. Nearly 12,000 voters signed a recall petition leading to her expulsion from the SNP. Scottish Labour views the by-election as an excellent opportunity to gain a seat. The SNP faced further issues with a Police Scotland probe into party finances and high-profile arrests. The by-election date will be set when Parliament resumes in September. A disgraced former MP who was co...

Summary: Coutts CEO Peter Flavel steps down following the decision to let Nigel Farage go as a customer. Flavel's leadership transformed Coutts , making it one of the most profitable parts of NatWest . The bank faced public scrutiny after leaked documents revealed the real reason behind Farage's departure. Flavel's departure marks the end of a distinguished career at Coutts . Mohammed Kamad will serve as the interim CEO following Flavel's resignation. Co...

FTSE 100 Gains Led by Mining Giants - Market Report Summary: FTSE 100 continues upward trajectory, mining companies leading the charge. EasyJet shares down due to challenging external environment. Royal Mail owner International Distribution Services' shares rise after appointing new CEO. Dunnellm reports robust final quarter, raises yearly guidance. Tesla and Netflix face challenges in the American market. Arakor Therapeutics shows promise in the small-cap sector. The FTS...

Summary: Senior Conservative MP Jacob Rees-Mogg calls for NatWest CEO Alison Rose to either deny the allegations against her or resign. BBC issued an apology to Nigel Farage, implicating Rose in the matter, leading to calls for her accountability. Rees-Mogg distinguishes between privacy for public figures and privacy for individuals with specific commercial relationships, emphasizing the need to protect the latter. Calls for a thorough investigation into the alleged privacy breach to determine Rose's suitability to lead NatWest. ...

Summary: Tony Chambers , former CEO of Countess of Chester NHS Trust , barred from roles in other trusts. Chambers took on multiple jobs post-resignation, earning over £500,000 in three years. Allegations suggest Chambers adopted a tough stance on consultants' complaints. Debate sparked on regulating managers with past concerns and allegations. Challenge persists in balancing career mobility and accountability for NHS managers . ...

Summary: Spotify suffers a £34 million hit after cutting back its podcasting division, including terminating its deal with Meghan and Harry. Debates arise over whether the couple's popularity was worth the investment for Spotify. Some argue that Spotify's business decisions and overestimation of podcast returns contribute to the financial losses. Spotify has taken a £34 million hit after making heavy cutbacks in their podcasting division, including terminating their con...