Harland and Wolff: Titanic shipbuilder staves off collapse after securing emergency £20m loan August 1, 2024 The Belfast shipyard said it had entered into agreements with lenders to increase its existing credit facility by $25m (£19.5m).
Barclays announces £750m buyback after beating expectations August 1, 2024 Barclays joined other lenders in announcing sizeable returns to shareholders after performing ahead of expectations in the second quarter. In the three months to June, Barclays reported a pretax profit of £1.9bn, more or less unchanged on last year but comfortably ahead of the £1.6bn expected by analysts. The lender’s investment bank and its wealth [...]
Schroders stock dips seven per cent despite profit remaining steady August 1, 2024 Schroders saw assets under management hit a new high of £773bn, as the company prepares to make a mark in the private capital space.
City warns over punishing impact of capital gains tax raid August 1, 2024 City bosses have sounded the alarm on a hike in capital gains tax (CGT) today as Rachel Reeves rolls the turf for a sweeping round of tax raids at her first budget in October.
Square Mile and Me: Enness CEO Islay Robinson on his career – and a flaming suit mishap August 1, 2024 Each week we ask a City figure to take a trip down memory lane. Today, Islay Robinson, CEO of Enness Global Mortgages, takes us through his career, from a flaming suit mishap to his love for London What was your first job? My first job was crushing boxes at a market when I was about 14. [...]
England ‘particularly bad’ at building houses where they are needed, research shows August 1, 2024 Nationwide the total number of properties grew 21 per cent between 1996 and 2021, according to the Institute for Fiscal Studies (IFS).
Investment in UK equities tumbles to record low as US sucks in new money August 1, 2024 The amount allocated to UK equities by UK investment managers fell to a record low of 20 per cent in 2023, as the US continued to dominate new money coming into the market.
With Ted Baker stores set to close across the UK, what did consumers make of the brand? August 1, 2024 Yougov’s chief executive Steve Hatch takes a closer look at the data behind the biggest stories in business.
Mark Kleinman: Is £300bn Shell merger Total summer speculation? August 1, 2024 In this week's column, Mark Kleinman tackles the Shell merger, Cineworld closure and Dan Wagner's Rezolve AI.
The Olympics are about building a better world, not just muscles August 1, 2024 There’s more to the Olympics than “faster higher, stronger” – they inspire generations to create a more tolerant, inclusive society, says Matt Hardy The Olympic Games are more than sport and ego; they are an appreciation of dedication, patriotism and the highs and lows of humankind. Already we have seen the sheer jubilation of Adam [...]