RPS backs £636m takeover swoop from Tetra Tech September 26, 2022 Professional services group RPS said it had agreed to a £636m takeover swoop from US firm Tetra Tech today as it becomes the latest London-listed firm to be picked off by a foreign buyer this year.
Pound and Dollar parity strongly on the cards: After today’s all-time low, is Sterling the new Lira? September 26, 2022 Sterling is getting absolutely pounded today in this week’s trading, and traders have started things exactly where they left off on Friday. The Sterling looks like an emerging market currency, especially when you look at the price of the British Pound a few months ago and compare it to where it is now. Bears are [...]
Government launches net zero review to maximise business benefits September 26, 2022 The Government has appointed Tory MP Chris Skidmore to lead a review of net zero, and will look to make the business case for the target.
Govt defends unlimited City bonuses: ‘Finance jobs should be in London, not in New York or Paris’ September 26, 2022 The government defended its intention to lift the bankers bonus cap this morning, saying it wants to protect and attract job creation in the City and Canary Wharf, rather than other finance hubs taking over. “We want finance jobs to be here, to be in London, not in New York or Paris,” said Work and Pensions [...]
Flexible the new normal as half of ALL Londoners now hybrid workers with pandemic routine ‘here to stay’ September 26, 2022 More than half of London’s workers are spending at least one day a week at home, according to new government figures shared with City A.M. this week. In a government survey of nearly 2000 firms in the city, 32.2 per cent said their workers were in the office one or two days a week, while [...]
David Beckham-backed esports firm signs big sponsorship deal with Sky September 26, 2022 David Beckham-backed Guild Esports has signed a huge sponsorship deal with Sky UK, in its larges agreement to date. The online gaming group signed a three-year agreement with the multi-media giant in the eighth revenue-generating deal signed by the firm since it floated on the London Stock Exchange. It is understood to be one of [...]
LV appoints former Bupa chief David Hynam to top job September 26, 2022 Insurance giant LV group announced this morning that former Bupa chief executive David Hynam would take over leadership of the firm after the departure of controversial chief Mark Hartigan at the end of this month.
LXi REIT’s £500m bid for Sainsbury’s stores collapses amid market volatility September 26, 2022 LXi REIT's proposed takeover of 18 Sainsbury's stores has collapsed after the group pulled out of a share issue.
Frasers set for further MySale bid after former chairman offloads stake September 26, 2022 Frasers is set to table another cash offer for Aussie fashion marketplace MySale after a top shareholder made an “irrevocable commitment” to offload his stake to the retail group, handing it 48 per cent control.
Music Magpie’s shares plummet after downgrading rebound hopes September 26, 2022 Electronics retailer Music Magpie has downgraded expectations for its performance in the second half of its financial year.