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South Korean shares soar after chip stock rout
Share prices jumped in South Korea on Friday, partly reversing a three-day rout that wiped hundreds of billions of dollars off the value of the country’s stock market. The benchmark Kospi index closed almost 18% higher, driven by chip makers SK Hynix and Samsung Electronics. It came after earnings updates from US technology giants Amazon…
Environment Secretary: South East Water boss should not get bonus
The boss of South East Water (SEW) should not receive a bonus after tens of thousands of its customers were recently left without water, the Environment Secretary has said. David Hinton was awarded £115,000 last year on top of his £400,000 salary, and his bonus is in line to more than double this year. That…
UK economy grew slightly in August ahead of key Budget
Nick Edserbusiness reporter Getty Images The UK economy grew slightly in August, official figures show, as focus intensifies on what measures the government might unveil in next month’s Budget. An increase in manufacturing output helped the economy expand by 0.1%, the Office for National Statistics (ONS) said, but the figure for July was revised down…
