Uber Boat by Thames Clippers returns to profit October 10, 2024 The company behind Uber Boat by Thames Clippers in London, returned to profit in 2023, it has been revealed. Collins River Enterprises has reported a pre-tax profit of £5.4m for the 12 months, having made a pre-tax loss of £4m in 2022. It is the first time that the business has reported a pre-tax profit [...]
Treasury chief unveils new infrastructure body after HS2 fiasco October 10, 2024 The National Infrastructure and Service Transformation Authority (NISTA) will bring oversight of UK infrastructure under "one roof."
Private healthcare is not the enemy of the NHS October 10, 2024 NHS and independent hospitals can be perceived as competitors, however a more nuanced view shows that referrals to the independent sector complement and enhance the services provided by the NHS. One of the critical roles that the independent sector serves is reducing operational strain on the NHS by treating significant numbers of NHS patients, freeing [...]
Sanjeev Gupta: Steel tycoon faces criminal charges over missing accounts for 76 firms October 10, 2024 Steel tycoon Sanjeev Gupta faces multiple criminal charges over allegedly failing to file accounts in the UK for 76 companies
The View from The Shard remains troubled despite ‘positive’ outlook October 10, 2024 The company behind the viewing gallery at The Shard remained in the red for a fourth consecutive year despite it its revenue continuing to rise. The London attraction has reported a pre-tax loss of £678,839 for 2023, according to newly-filed accounts with Companies House. The total comes after the firm also posted a pre-tax loss [...]
TSB Bank handed huge fine for failing customers in arrears October 10, 2024 The financial watchdog has fined bank TSB almost £11m over its treatment of customers, but the penalty could have been even worse. TSB Bank will have to pay £10,910,500 after the Financial Conduct Authority (FCA) found it had failed to ensure customers in arrears were treated fairly. The FCA said it also didn’t have sufficient [...]
Financial Times battles misinformation and rising costs as readership drops October 10, 2024 The number of people picking up a physical copy of the Financial Times has dropped amid the title battling rising costs – including hiring more journalists. The broadsheet said its operating profit fell by £4.56m year on year, from £13.41m to £8.95m, in newly-filed accounts with Companies House. The dip was “in part the result [...]
Landmark skyscraper planned for Manchester city centre October 10, 2024 Plans have been unveiled for another landmark skyscraper to be constructed in Manchester city centre. The 44-storey building has been earmarked for land adjacent to Deansgate Train Station at Whitworth Street West and would feature 364 apartments. If approved by Manchester City Council, the building would be latest skyscraper either planned or built in the [...]
Renters set for more tough times as house sales strengthen October 10, 2024 The latest RICS Residential Survey has provided a lot of optimism for house buyers and sellers, but less for tenants, who are set to contend with an even tougher market. The survey, which asks estate agents for their opinion on the housing market, found a “sustained improvement in market activity”, with measures of demand, sales and [...]
Liontrust assets plunge as investors pull £1.1bn from funds October 10, 2024 Liontrust’s assets under management slumped over the summer as investors pulled £1.1bn from its funds. Every area of the asset manager’s business saw net outflows in the second quarter of its financial year, with the largest, UK retail funds and managed portfolio services, suffering a £904m exodus from investors. “We anticipated that the industry had [...]