Morgan Stanley’s Vishal Gupta and Carmignac’s Mark Denham named City’s top stock pickers in new research September 15, 2022 Morgan Stanley veteran Vishal Gupta is the City’s best portfolio manager when it comes to picking stocks, according to research released today. The Square Mile boss who works for Morgan Stanley Investment Management was recognised as the top brass in a study released by Essentia Analytics. Mark Denham of Carmignac came in second, while Jonathan [...]
OnlyFans should fork out more UK VAT for its subscribers, EU advises September 15, 2022 OnlyFans has been told by EU court advisors that it may need to fork out VAT on the full amount paid by subscribers, not just a discounted sum. OnlyFans’ parent firm Fenix took an initial grievance about VAT to a UK tribunal after HRMC ordered the UK based firm to pay VAT on all the [...]
Keystone Law ready to poach lawyers hit by downturn, firm chief James Knight says September 15, 2022 Keystone Law’s head has said the listed law firm is readying itself to profit on the looming economic downturn, with a view to poaching lawyers laid off from other firms. Speaking to City A.M. Keystone chief executive James Knight said the remote-first law firm is ready to pick up those lawyers facing heightened pressure to [...]
Jury finds London barrister guilty of raping Tinder date in 2017 September 15, 2022 A London barrister who forced himself on his Tinder date has been jailed for four years for rape. Robin Jacobs, 39, reacted angrily and shouted from the dock “I didn’t do it” after he was found guilty following a retrial at the Old Bailey on Thursday. The court heard how Jacobs told the woman to [...]
Amazon strike ballot ‘making history’ says UK union boss September 15, 2022 AMAZON workers at a Coventry warehouse became the first in the UK to take part in a formal strike ballot against the ecommerce titan. Hundreds of workers began voting this morning on whether to walk out over Amazon’s 35 pence per hour pay offer, with union GMB lobbying for a £2 per hour increase as [...]
Investment management firm Brooks Macdonald dips as clients feel market sting September 15, 2022 Funds under management dipped for Brooks Macdonald this year as the investment management firm warns of the challenging market environment for clients and advisers. Group funds under management (“FUM”) closed at £15.7bn, down nearly five per cent from last year, as positive net flows were offset by the impact of declining markets on asset values. Brooks [...]
Gresham House posts resilient asset growth despite challenging backdrop September 15, 2022 Gresham House said it saw "resilient growth in a challenging environment", as assets under management continue to climb.
Drop in Covid-19 vaccine demand swings Oxford Biomedica to a loss September 15, 2022 A drop in Covid-19 vaccine demand and manufacturing has swung British biotech firm Oxford Biomedica to a revenue loss in the half of the year. The London-listed firm, which worked with AstraZeneca’s to produce its Covid-19 vaccine, has revenue slip more than 20 per cent to £64m in the six moths to 30 June, down [...]
Wickes has ‘record sales’ despite softening in DIY market after pandemic September 15, 2022 Home improvement specialists Wickes maintained strong revenue and profits for the first half of the year, bolstered by younger people who turned to DIY during the pandemic. The businesses had a 1.3 per cent rise in revenue up until July this year, with profit before tax up 6.2 per cent. Its like-for-like sales were up [...]
Trainline ticket sales boom as travel app focuses on international expansion September 15, 2022 Trainline said group net ticket sales rocket as the travel firm makes a steady post-pandemic recovery, as it focuses on international expansion amid UK train strike disruption. The online ticketing platform said in its half year results that group net ticket sales grew 116 per cent year-on-year (YoY) to £2.2bn, 17 per cent higher than pre-COVID levels. [...]