Saudi shift away from oil and gas doesn’t mean end of chemicals industry March 5, 2024 Much has been made of Saudi Arabia’s Vision 2030 and the desire of the country’s leadership to shift the country’s economy away from a reliance on oil and gas.
That’s bonza! Australian pension fund commits £8bn to UK in pre-budget boost March 4, 2024 Australia’s biggest pension fund is set to pump another £8bn into the UK in the coming years in a boost to Jeremy Hunt ahead of the budget this week.
New Footasylum CEO named as former boss takes role with The Body Shop owner March 4, 2024 The CEO and executive chairman of Footasylum is to step down and take on a role with Aurelius, the German private equity firm that owns the brand and The Body Shop.
London chain Vagabond Wines asked court to appoint administrator March 4, 2024 London-based wine bar chain Vagabond Wines has asked the High Court to appoint an administrator.
Dentons accused of anti-money laundering failures when representing a ‘politically exposed’ client March 4, 2024 The largest law firm in the world, Dentons, is defending itself against allegations from the legal regulator that it breached anti-money laundering regulations when acting for a client. Starting on Monday, the law firm was at the Solicitors Disciplinary Tribunal (SDT) over allegations that the law firm failed when acting for a politically exposed person [...]
Alter Domus: Cinven buys majority stake in fund administrator March 4, 2024 Permira first took a stake in Alter Domus in 2017, with the firm having seen revenue, earnings before interest, taxes, depreciation, and amortisation (EBITDA) and employees quintuple in that time.
Pension funds have ‘abrogated responsibility to the UK,’ says Peel Hunt March 4, 2024 Pension funds have “abrogated their responsibility” to the UK and should start preparing to disclose how much of their cash goes into British firms, one of the UK’s top investment banks has said, after the Chancellor revealed plans for a sweeping shake-up of rules ahead of the budget on Wednesday.
UK strikes science deal with Saudi Arabia as the kingdom grows its tech industry March 4, 2024 The UK has struck a science and research deal with Saudi Arabia in a bid to get its foot in the door of the fast growing oil-rich nation.
Spring Budget 2024: Investment trusts push for fee disclosure changes March 4, 2024 The issue of fee disclosure has long been an issue for the sector, with the Association of Investment Companies (AIC) leading the charge against this 'double dipping'.
Spring Budget 2024: Calls grow for electric vehicle tax break amid sales slowdown March 4, 2024 The chancellor must end a tax on public electric car charging to ensure sales of electric vehicles keep pace, carmakers and energy firms have warned.