TEAM: AIM-listed asset manager in acquisition spree with £850m now under control June 1, 2023 TEAM, the Jersey-based asset manager, has announced two acquisitions today bringing its total funds under control to more than £850m It agreed to buy Thornton Associates, based in the Isle of Man, for up to £2.5m and that the acquisition was a “natural fit” for its existing assets in Jersey. Thornton serves around 180 clients, [...]
Sustainable partnerships June 1, 2023 | Sponsored With increasing focus being placed on CSR and ESG policies, the push for firms to take action to help tackle the UK’s climate challenge has never been stronger. This moment of increased engagement presents businesses across the UK with a unique opportunity to form partnerships and collaborations to enhance processes, products, and services, all in [...]
IEA: Renewable energy to ramp up by a third this year, driven by supply security fears and Chinese growth June 1, 2023 The world's renewable energy capacity will jump a third this year, revealed the International Energy Agency.
Prospective buyers hit with fresh blow as mortgage approvals continue to fall June 1, 2023 Prospective buyers continue to suffer setbacks as fresh data reveals that mortgage approvals fell during April. Net mortgage approvals for house purchases fell from 51,500 in March to 48,700 in April, figures from the Bank of England show, with experts predicting that the figure could fall further following the central bank’s decision to hike interest [...]
Oil prices stabilises after US debt ceiling vote as OPEC+ meeting looms June 1, 2023 Oil prices have stabilised today after the passing of a key vote on the US debt ceiling revived expectations of demand growth.
Toys ‘R’ Us returns to high street with new WH Smith partnership June 1, 2023 Toys ‘R’ Us will make its return to the high street after five years, revealing plans to open nine concession stands in WH Smith. In 2017, the children’s retailers declared bankruptcy after years of rising debt and dwindling sales and the following year it shut all 100 of its UK stores. Its collapse was linked [...]
Dr Martens share price tumbles 11 per cent as pre-tax profits miss forecasts June 1, 2023 Dr Martens will launch a share buy back programme of up to £50m as the boot maker looks to up investment following a 26 per cent slide in pre-tax profits following bottleneck issues in its US warehouse. The London-listed retailer hit record revenues during the year of £1bn, as sales recovered post-pandemic and it opened [...]
Interest rate hikes triggers house price fall and analysts think there’s further to go June 1, 2023 House prices remain below their August peak as demand softens following a spike in interest in early spring. The annual rate of house price growth slipped back to -3.4 per cent from -2.7 per cent in April, figures from Nationwide show, as the Bank of England’s decision to hike interest rates rattled buyers confidence. In [...]
Bumper Bank Holiday drives footfall levels up June 1, 2023 Bumper bank holidays in May helped hike footfall levels as work-free Brits flocked to the high streets to drink and shop in a welcomed boost for businesses. Footfall over the last month climbed 3.6 per cent, the second month in a row in which levels have risen following a 3.3 per cent jump in April, [...]
EP: 203 Epsom Oaks Day June 1, 2023 The first day of the Epsom Derby meeting gets underway on Friday with the fillies taking centre stage in the Betfred Oaks over the famous mile and a half trip. We are joined by Irish maestro trainer Aidan O’Brien who runs his impressive Chester winner Savethelastdance in this year’s renewal. City AM Racing editor Bill [...]