Polar Capital shakes off August’s market meltdown October 10, 2024 Polar Capital has reported an uptick in assets under management after the specialist fund manager shook off a hit from August's market meltdown.
Brookfield wins round Tritax Eurobox in £1.1bn tie-up October 10, 2024 In a statement to the market this morning, the boards of the two companies said they reached an agreement on a £1.1bn deal.
London landlord GPE benefits from better investment conditions October 10, 2024 GPE, one of central London’s biggest listed landlords said that the capital’s favourable investment market, with improving economic conditions and falling interest rates, has allowed the firm to push ahead with its expansion plans. Great Portland Estate signed 15 new leases and renewals during the quarter to 30 September, generating annual rent of £6.1m, with market lettings on average 6.4 per [...]
Prepare to flee London’s AIM if Reeves mounts inheritance tax raid, bank warns October 10, 2024 Companies listed on London’s junior AIM market are being told to prepare to flee the exchange or announce emergency share buybacks amid fears that a punishing inheritance tax raid could trigger a sell-off, City AM has learned. In a letter seen by City AM, one investment bank has urged all of its AIM-listed clients to [...]
‘Dangerous and destructive’ Hurricane Milton makes landfall in Florida October 10, 2024 Hurricane Milton has made landfall as a Category Three storm, with the Met Office warning it will be “dangerous and destructive” as thousands of UK holidaymakers had their flights to Florida cancelled. Milton made landfall near Siesta Key, Florida, at about 8.30pm local time. The US National Hurricane Centre reports the hurricane had maximum sustained [...]
Travelex to be put up for sale after post-pandemic rebirth October 10, 2024 The chief executive made the comments about Travelex's sale plans in the latest episode of City A.M.'s Boardroom Uncovered interview series.
The Square Mile and Me: Hannah Bernard on the significance of the first female Chancellor October 10, 2024 Each week we ask a City figure to tell us about what makes the Square Mile special. This week, it’s Hannah Bernard, head of business banking at Barclays
Taxes might have to go up by £25bn in Budget, IFS says October 10, 2024 Rachel Reeves may have to raise taxes by £25bn in the Budget if she wants to improve the delivery of public services, the influential Institute for Fiscal Studies (IFS) said today. Although the Chancellor looks set to reform the fiscal rules to enable more borrowing for investment, Reeves has committed to meet day-to-day spending out [...]
Labour pulls back from ‘day one’ protections as it unveils workers’ rights overhaul October 10, 2024 Labour has pulled away from its pledge to give employees protection from unfair dismissal from the first day in a job, according to reports, as it unveils its long-awaited package of employment reforms today. The Employment Rights Bill, which Labour promised to introduce within its first 100 days, is set to be laid before Parliament [...]
Labour’s arrogance is disrespectful to business October 10, 2024 When it emerged that Boris Johnson reportedly muttered “f**K business” during a meeting as Prime Minister, he was rightly castigated. For many people it marked an emphatic break in the relationship between government and the private sector. We might not be able to point to any similarly totemic moment in Keir Starmer’s first three months [...]