Recruitment firms’ profits expected to suffer amid jobs gloom October 9, 2023 Analysts expect recruitment firms to report a sharp fall in profits this week as an uncertain economic environment impacts the jobs market. Hays, PageGroup and Robert Walters will update investors on their performance over the coming days, with profits predicted to fall sharply. According to a consensus cited by AJ Bell, Robert Walters is expected [...]
Airline shares plunge on fears for oil prices and travel over Israel conflict October 9, 2023 Airline stocks tumbled this morning after investors fretted over rising crude oil prices and whether the conflict in Israel would dent demand.
Waitrose eyes deal with Amazon to sell groceries online in latest sales push October 9, 2023 Waitrose groceries could be sold on Amazon as part of a new deal being discussed by the upmarket grocer and delivery giant. The pair are reportedly considering the tie-up after the John Lewis-owned supermarket cut ties with Ocado nearly three years ago, according to reports published in The Telegraph. Amazon has recently struck up a [...]
Citigroup to sell China consumer wealth business to HSBC October 9, 2023 Citigroup said on Monday it had agreed to sell its China consumer wealth portfolio, including clients, assets under management (AUM) and deposits, to Asia-focused HSBC Holdings Plc. The deal covers total deposits and investment AUMs of about $3.6 billion, and is expected to close in the first half of 2024. Financial details of the transaction [...]
Peer2Peer Finance News rebrands to Alternative Credit Investor October 9, 2023 | Sponsored Peer2Peer Finance News magazine has rebranded to Alternative Credit Investor The world’s leading resource on peer-to-peer lending has attracted a loyal audience of investors and credit industry professionals over the past seven years, and will be expanding its coverage to cover the wider alternative debt space. “While we’re really proud of the Peer2Peer Finance News brand and what [...]
The Notebook: Marcus Geddes on what makes a modern office October 9, 2023 Today, Marcus Geddes, managing director at Landsec, takes the Notebook pen to talk all about the modern office Don’t let others fool you, there’s strength in flexible offices Demand for flexible offices is higher than ever before, but do people really know what ‘flex’ means? A common misconception is that flex is just co-working spaces [...]
‘List of lazy outdated takes’: Short seller’s London jibe riles UK tech chiefs October 9, 2023 London tech bosses have hit back today after short seller Carson Block launched an attack on the quality of talent and skills in the capital. In a recent interview with City A.M., Block took aim at the capital’s tech credentials and said firms listed outside of the US “was almost always a flag”. “The money [...]
Last orders: London sees highest number of pub closures out of any English region October 9, 2023 London has seen the highest number of pub closures out of any region in England, with a total of 46 haunts shuttering in the first half of the year, a new study has shown. Across the whole of the UK some 383 pubs were also permanently closed within the same period, according to new figures [...]
Raspberry Pi eyes £409m London IPO and says need for US float is ‘overblown’ October 8, 2023 Raspberry Pi, which makes beginner-friendly coding computers, is exploring a potential London float, which could see the company valued at over £409m.
LBC boss says commercial radio must ‘explore new avenues’ October 8, 2023 On its 50th anniversary, commercial radio is thriving, but the chief of a leading UK radio station has said it must stay on its toes if it wants to remain successful for another half a century. “The future of commercial radio should be continuously exploring new avenues and embracing creative approaches so we remain a [...]