Remember the meme stock craze? Those were fun times. Now the payback: Robinhood says it is slashing 23% of jobs, blaming “deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash.”. This has further reduced customer trading activity and assets under custody. Robinhood cut headcount by 9% in […]

Long road for M&S shares dropped on Wednesday after another poor scorecard. Royal Mail is launching some eye-catching new services. These are certainly the type of thing that will make it more fit for the 21st century. But it may be too little, too late. 

On Monday, the British pound strengthened against the dollar as traders prepared for a week filled with data releases and central bank meetings, including the upcoming session at the Bank of England (BoE) on Thursday.

The question every Ocado shareholder has is whether the M&S tie-up will deliver. The answer so far, just a couple of weeks into the partnership, seems to be positive. Forward demand is strong, and management say adding M&S products has increased the average basket by around 5 items.

Treasury yields were down, the US dollar dipped, and equities firmed up as the FOMC minutes showed the Federal Reserve was moving towards a September cut.