June 21 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
The Times
– British retailer Marks & Spencer on Monday named Alex Freudmann as its new food boss, succeeding Stuart Machin, who was promoted to group chief executive last month. https://bit.ly/3QCkNYO
– Online delivery firm Deliveroo on Monday named Scilla Grimble as chief financial officer and said she is expected to start in the role by June 2023. https://bit.ly/3HCpvSt
The Guardian
– Lenders in UK will no longer have to check whether homeowners could afford mortgage payments at higher interest rates after the Bank of England said on Monday that it would withdraw its mortgage affordability test recommendation following a review of the mortgage market. https://bit.ly/3N8CnRe
– British online supermarket and technology group Ocado plans to raise 575 million pounds ($704.55 million)through a placing of new shares to help fund its growth, it said on Monday. https://bit.ly/3y6Xr6y
The Telegraph
– Low-cost airline easyJet said on Monday it was cutting about 10,000 more flights this summer after London Gatwick and Amsterdam airports reduced capacity and it battled staff shortages on the ground and in the air. https://bit.ly/3b861J7
– European countries have launched a new dash for coal amid a battle to keep the lights on in the wake of Russia's invasion of Ukraine. https://bit.ly/3OlxKVm
Sky News
– Rolls-Royce Holdings is to hand 2,000 pounds in cash to nearly three-quarters of its UK workforce, making it the latest major British employer to try to help staff deal with the intensifying squeeze on living costs. https://bit.ly/3xDdsjj
– UK's Heathrow airport on Monday asked airlines to cancel 10% of their flights today as the airport faces a baggage backlog. https://bit.ly/3zMoxBf
($1 = 0.8161 pounds) (Compiled by Bengaluru newsroom)
She replaces Adam Miller who will depart the company in September
Alex Freudmann will join the British retailer on November 1.
Sixty Vines, a Dallas-based, wine-centric restaurant, is coming to Greater Washington — and in some familiar space at that. The restaurant, which opened its first location in Plano, Texas, in 2016, has inked a deal with Boston Properties (NYSE: BXP) for nearly 10,000 square feet at Reston Town Center, according to two sources familiar with the situation. It will be replacing Clyde's of Reston, which closed at 11905 Market St. in May after more than three decades as one of the mixed-use development's first retail tenants.
STORY: Reuters was not able to independently verify the authenticity of the video, the date it was filmed and the location of the footage.A video from the State Emergency Service of Ukraine showed firefighters dousing a burning house with water, while footage from Ukraine's National Police showed damaged buildings and rubble covering the ground, as security officials inspected the scene.According to Ukraine police, at least ten residential buildings were damaged in the shelling.Ukraine's Sumy region lies in the northeast of the country.
Today our nation celebrates Juneteenth, a new national holiday that celebrates the day when enslaved people in Texas were liberated more than two years after President Abraham Lincoln's Emanicpation Proclamation.
Look on the bright side, you can score your dream sunglasses at a discount!
The Oracle of Omaha regularly buys back Berkshire Hathaway shares too.
(Bloomberg) — Equities have yet to fully price in the risk of a recession and may have further to fall, according to Morgan Stanley and Goldman Sachs Group Inc. strategists.Most Read from BloombergUS Futures Gain With European Stocks; Dollar Slips: Markets WrapBiden Says US Recession Avoidable After Call With Ex-Treasury Secretary SummersPutin May Win in Ukraine, But the Real War Is Just StartingHousing’s Slowdown Has Economy on the EdgeRuble Soars to 7-Year High Prompting Debate Over Targeting
Lifting sentiment Tuesday were comments from President Joe Biden, who said a U.S. recession isn't 'inevitable.'
Futures rose as Bitcoin rebounded. It's a bear market, so stay safe. Tesla rival BYD is among a few stocks setting up.
Question: Eight years ago I hired a financial advisor because the rounds of layoffs at work were coming more regularly, and I wanted to know if my savings were enough for me to retire. The financial advisor began managing some of my accounts for me for a fee of 1%.
(Bloomberg) — Stocks climbed in Europe and Asia on Tuesday, US equity futures pointed higher and Treasuries retreated amid improved investor sentiment compared with last week’s rout in global shares.Most Read from BloombergUS Futures Gain With European Stocks; Dollar Slips: Markets WrapBiden Says US Recession Avoidable After Call With Ex-Treasury Secretary SummersPutin May Win in Ukraine, But the Real War Is Just StartingHousing’s Slowdown Has Economy on the EdgeRuble Soars to 7-Year High Promp
Stock splits are getting a lot of attention this summer: Amazon just completed its 20-for-1 split, Alphabet's 20-for-1 action is coming up fast, Shopify approved a 10-for-1 split, and Tesla's board of directors just signed off on a 3-for-1 split. Fortinet shares will be divvied up on June 22, leaving shareholders on June 23 with five shares for every one they owned prior. As a reminder, the share price will also be divided by five to adjust accordingly, so the value of Fortinet as a company is not changing.
Since hitting their respective all-time closing highs, the 126-year-old Dow Jones Industrial Average, benchmark S&P 500, and growth-focused Nasdaq Composite have respectively fallen by as much as 19%, 24%, and 34%. This means the Nasdaq and S&P 500 are officially in the grip of a bear market. To make matters worse, there's the growing likelihood that the U.S. could enter a recession.
The S&P 500 has plunged over 23%, but a stock market downturn isn’t the only thing to worry about.
In this piece we will take a look at the ten best falling stocks to buy right now. If you want to skip our introduction of the companies and the general economic outlook, jump right ahead to 5 Best Falling Stocks to Buy Right Now. The start of 2022 had a tinge of optimism to […]
The money maven’s advice never goes out of style.
Just a few months ago real estate was flying high. But with mortgage rates rising, brokers are already seeing a sharp slowdown in buyers. The big builders are better positioned to weather a recession.
When you inherit property, the IRS applies what is known as a stepped-up basis to that asset. Here's how capital gains are taxed on inherited property.
Now, will this be enough to stabilize prices, the next few hours will tell, but there are still many questions, especially about the solvency of many crypto projects and firms. Elon Musk, the CEO of Tesla , and one of the biggest influencers in the world gave his support on June 19 to the crypto industry and more particularly to the meme coin Dogecoin. "I will keep supporting Dogecoin," Musk tweeted to his nearly 99 million followers on June 19.

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