St James’s Place readies redundancies in cost-cutting push December 2, 2024 St James’s Place is set to make around 500 redundancies next year as part of its sweeping cost-cutting plan, according to reports. Around a sixth of the wealth manager’s non-financial adviser workforce are set to be laid off in February, an internal memo, seen by Citywire, revealed. Over the summer, St James’s Place revealed it [...]
Manufacturing activity drops to nine-month low following Budget December 2, 2024 Rob Dobson, director at S&P Global Market Intelligence, said manufacturing was struggling due to a combination of high costs, weak demand and concerns over the economic outlook.
Webuyanycar sales plunge by £1bn after slide in used car prices December 2, 2024 Sales at Webuyanycar plunged by almost £1bn in its latest financial year as a sharp fall in the value of used cars hit the motor marketplace, it has been revealed. The company, which is owned by Constellation Automotive, has reported a revenue of £2.57bn for the year to 31 March, 2024, according to newly-filed accounts [...]
Business confidence takes ‘decisive turn for the worse’ after Budget, says CBI December 2, 2024 The Confederation for British Industry's (CBI) growth indicator showed that more firms expected activity to fall in the three months to February than to increase.
Polling giant Ipsos eyes up Kantar Media in potential £1bn deal December 2, 2024 Global polling giant Ipsos has confirmed it is considering a potential acquisition of TV ratings business Kantar Media in a deal that could be valued around £1bn. It comes as Ipsos goes up against a number of rival bids from private equity firms looking to expand into the market data sector, according to reports. Ipsos [...]
Mothercare slumps to loss as market woes in Middle East continue December 2, 2024 The firm slumped to an adjusted pretax loss of £1.4m in the six months to the end of September, swung from a profit of £1.8m in the same period last year.
Topps Tiles hits back after major shareholder calls out ‘costly blunders’ December 2, 2024 Topps Tiles has hit back after a major shareholder called for an overall of its top team and strategy following a series of “costly blunders”. The London-listed company has issued a statement in the wake of the managing director of Austrian investment company MS Galleon, Piotr Lipko, writing to Topps Tiles’ chair Paul Forman last [...]
Stellantis: Shares in Vauxhall owner plunge after boss’s shock resignation December 2, 2024 Stellantis last week placed more than 1,000 jobs at risk after announcing plans to close its manufacturing facility in Luton.
House prices rise at fastest rate in two years – Nationwide December 2, 2024 New figures from Nationwide show that house prices rose by 3.7 per cent year-on-year last month, up from 2.4 per cent the month before.
Talent, AI and critical mass are the City’s advantages December 2, 2024 AON is building on the advantages offered by the City of London with technology Technology is having a dramatic impact on every sector in the City of London and shaping the impact technology is having on work and workflows is becoming an increasingly important role. In January this year, insurance and reinsurance brokerage Aon hired [...]