FCA sets out plans for new Pisces private stock market December 17, 2024 The Financial Conduct Authority (FCA) has set out its plans for a new private stock market system today as it looks to revive London’s flagging IPO pipeline and allow investors to more easily tap into unlisted companies. In a consultation document, the City watchdog said the new stock market system, PISCES, first tabled by the [...]
Fraud watchdog makes arrest in collapsed Arena Television probe December 17, 2024 The Serious Fraud Office (SFO) has arrested a man in connection to its investigation into the collapsed broadcaster Arena Television
Strong wage growth kills hopes of interest rate cut December 17, 2024 Analysts have warned that strong wage growth data reported this morning has killed any chance that the Bank of England will cut interest rates later this week. While the central bank had been widely expected to hold interest rates at its Monetary Policy Committee meeting on Thursday, the decision has been cemented by wages rising [...]
Thatchers’ cloudy lemonade trademark row with Aldi back in court December 17, 2024 British cider brand Thatchers is back in court today as it seeks to overturn a ruling that said Aldi did not infringe its trademark over its cloudy lemon cider
London law firm DAC Beachcroft to launch in US December 17, 2024 DAC Beachcroft is set to launch into the US with offices planned in New York and Los Angeles, as the push for English firms to go stateside continues
Frasers Group CEO measured up for Hugo Boss board seat December 17, 2024 The chief executive of Frasers Group, Mike Ashley’s retail giant which owns the likes of Sports Direct and House of Fraser, is in line to take a board seat at Hugo Boss. Michael Murray will take part in an election to become part of the German fashion retailer’s supervisory board. Frasers Group currently holds a [...]
China accuses Britain of causing ‘trouble’ over spy linked to Prince Andrew December 17, 2024 The Chinese embassy in the UK has launched an incendiary attack on the British government today, saying London should stop causing “trouble” after it banned from Britain an alleged spy with links to Prince Andrew. Beijing’s representative in Britain issued its statement amid a furore over an alleged Chinese spy with links to the Duke [...]
How FTSE 100 giant Rolls-Royce became a ‘true phoenix from the ashes story’ after shares success December 17, 2024 If awards were being handed out for the best performer in the FTSE 100 this year, Rolls-Royce would surely be taking home all the top prizes after cementing its position as the index’s darling. The Derby-headquartered giant started 2024 with a share price of 298p which has since ballooned to a high of 594p, catapulting [...]
B&M hires boss of Iron Bru maker as it battles slumping share price December 17, 2024 B&M has hired the chief executive of Iron Bru maker AG Barr as it battles a slump in its share price. Euan Sutherland will become a non-executive director at the Liverpool-headquartered company from 20 January, 2025, subject to shareholder approval. If appointed, Sutherland will also join the remuneration and nomination committees. Sutherland has been chief [...]
Retail jobs slashed as high costs lead to automation and outsourcing December 17, 2024 The number of jobs offered by the UK’s largest private sector employer – retail – has dropped again, as companies shift to outsourcing and automation in an effort to deal with higher costs. This trend has been ongoing for some time, and is responsible for both job loss and a lack of job creation as [...]