St James’s Place shutters property funds amid sector downturn November 27, 2024 St James’s Place has begun to wind down its three property funds as the sector struggles to make it past the blows it sustained during the coronavirus pandemic. The three funds, which operate as unit trusts, pension and life funds, will shutter over the next two years, with regular payouts to investors in the funds. [...]
Former Wizz Air exec fined for breaching share trading laws November 27, 2024 A former Wizz Air executive has been fined £125,000 by the Financial Conduct Authority (FCA) for trading company shares when City rules barred him from doing so. András Sebők, the budget carrier’s former chief supply officer, fell foul of FCA regulations by illicitly trading London-listed Wizz Air shares during the month-long period leading up to [...]
Standard Chartered mulls sale of three African units November 27, 2024 Standard Chartered is exploring a sale of its wealth management and retail operations in three African countries as the banking giant seeks to free up firepower for its investment plans.
Starmer refuses to rule out further tax rises or more borrowing November 27, 2024 Sir Keir Starmer has refused to rule out further tax rises or additional borrowing when challenged to repeat his Chancellor’s pledge not to “come back with more”. During Prime Minister’s Questions (PMQs) in the House of Commons on Wednesday, Conservative opposition leader Kemi Badenoch asked Starmer about Rachel Reeves’ words. She said: “At the Confederation [...]
Bank of England rate-setter warns Trump’s tariffs will damage growth November 27, 2024 “Whether you are an economic historian, an economic theorist or a data-driven economist, the impact is clear in terms of its direction," she said.
FCA ‘strengthens’ internal whistleblowing policy after backlash November 27, 2024 The Financial Conduct Authority (FCA) has said it will look to strengthen its internal whistleblowing policy after intense criticism over its handling of complaints from former staff. The City regulator said today it will clearly lay out how its chair and other non-executives can internally share information about whistleblowers in order to protect their confidentiality [...]
Saracens chief departs club after just 10 months in charge November 27, 2024 Previous chief executive Lucy Wray stepped down after four years in the role in a surprise move halfway through last season.
Ford boss: UK incentives needed to boost uptake of EVs for net zero November 27, 2024 The automotive industry “urgently” needs government-backed incentives to improve customer uptake of electric vehicles (EVs) or the UK faces missing its net zero targets, the boss of Ford UK has said. Speaking the morning after the government announced a consultation into its EVs sales targets for automakers, Lisa Brankin said the move was welcome but [...]
London Underground strike dispute: RMT’s Lynch hails ‘substantial victory’ with pay offer November 27, 2024 The RMT called off planned walk-outs earlier in November, following last-ditch negotiations with Transport for London (TfL) officials.
Pets at Home: Shares crater after retailer predicts slow growth in ‘subdued market’ November 27, 2024 Animal care retailer Pets at Home described the market as subdued due to cautious consumers, and said it will grow more slowly than expected in the next six months – despite a big hit from the Budget. Shares fell more than 10 per cent in early trades, with the retailer’s share price now down nearly [...]