Allianz GI: UK investors must do more to attract tech firms to LSE May 19, 2025 A flood of British tech firms dropping London in favour of a New York IPO is only set to increase, a boss at Allianz’s investment arm has warned. Jeremy Gleeson, technology CIO at Allianz Global Investors, has no UK companies in his global tech fund, citing their high price and small availability. “One of the [...]
Greene King: Pub giant calls for ‘urgent help’ after losing £150m May 19, 2025 Pub giant Greene King has issued an urgent plea to the government for help after slumping to a near-£150m loss in 2024. The Suffolk-headquartered group fell to a pre-tax loss of £147.1m during its latest financial year, having posted a profit of £45.2m in 2023. Greene King, which operates around 2,600 pubs, restaurants and hotels across England, [...]
Microsoft is past its glory days says UK fund manager May 19, 2025 Liontrust’s global innovation fund team made a striking call that bucks the conventional wisdom of leading tech stocks by saying that Microsoft, one of the world’s most valuable firms, may no longer be a long-term winner. Storm Uru and Clare Pleydell-Bouverie, co-managers of Liontrust’s Innovation Fund, have told City AM they no longer hold any [...]
Visa for the ‘super rich’ won’t bring back non-doms, MPs say May 19, 2025 The government has floated a new “investor visa” in an attempt to stop the flight of millionaires from the UK, with plans in the early stages of development. The visa would reward those who invest heavily into the UK – particularly in strategically important areas such as AI and clean energy – with a route [...]
Pret A Manger: Why prices rises are ‘inevitable’ after surviving ‘near-death crisis’ May 19, 2025 The boss of Pret A Manger in the UK has revealed the tough economic reality the country is currently facing means it is “inevitable” that some prices will have to be increased. Clare Clough admitted recent years have been “challenging” for the high street staple but that the brand’s number one priority is to find [...]
National Express owner’s new chair takes up the reins May 19, 2025 The new chair of National Express owner Mobico faces a gargantuan task to turn around the struggling coach operator. Presenting his first trading update on Monday, Phil White insisted “considerable value and momentum” exists across the group, with a nine per cent growth in revenue indiciative of strong demand for its services. True, the company’s [...]
Guinness maker Diageo to offset US tariffs with cost cuts May 19, 2025 London’s biggest drinks business, Diageo, has unveiled a $500m (£375m) cost-cutting programme as it struggles with the impact of US tariffs. Guinness and Johnnie Walker maker Diageo said it would make the cost savings over the course of three years, but did not confirm how many jobs would be impacted by the move. The firm [...]
Keir Starmer reaches tentative EU trade deal ahead of summit May 19, 2025 Sir Keir Starmer has agreed a tentative trade deal with the EU, the biggest shake-up of Britain’s relationship with the bloc since Brexit. The UK-EU deal is expected to involve a new trading arrangement and a border deal and could extend to a new security and defence pact, which could open up access to the [...]
Ryanair profit falls as Boeing delivery delays bite May 19, 2025 Ryanair’s annual profit dipped significantly in its latest financial period despite passenger numbers reaching record levels, as the Irish airline took a swipe at Boeing for aircraft delivery delays. Europe’s largest airline reported a 16 per cent decline in post-tax profit to €1.61bn (£1.4bn) over the 12 months ended 31 March. Ryanair blamed the drop [...]
AI triggers biggest financial services skills crunch in 15 years May 19, 2025 The UK financial services sector is facing its most significant technology skills shortage in over 15 years, driven by the rapid adoption of artificial intelligence. According to the latest Harvey Nash digital leadership report, AI has surged from the seventh to the most scarce technology skill in just 18 months – a 260 per cent [...]