Inside one fund’s £20,000 bet against Fundsmith December 9, 2024 Mark Ellis, manager of the Nutshell Growth fund, is on the brink of winning £20,000 for his boss in an unusual way. Ellis spoke to City AM following the news that City grandee Michael Spencer had become chair of his firm, Nutshell Asset Management, while upping his stake in the business from 25 per cent [...]
Job vacancies collapse as Budget tax raid puts firms off hiring, survey shows December 9, 2024 The latest report on jobs from KPMG and the REC showed an "accelerated decline" in the number of people placed in permanent roles by recruiters.
Business confidence drops at fastest pace for over three years December 9, 2024 The optimism index dropped 5.8 points to 93.49 in November, which was the largest monthly fall since August 2021.
Cabinet minister pledges to make government more ‘start up’ December 8, 2024 A cabinet minister is set to pledge that the government will become “more like a start up” ahead of the launch of a £100m fund targeting public service reform. Pat McFadden will call for Whitehall to adopt a ‘test and learn culture’, stating: “If we keep governing as usual, we are not going to achieve [...]
Investors want to see ‘ambition’ from UK on climate change, Pinchbeck says December 8, 2024 Private investors are keen to see “ambition” from the UK government on climate change, the head of an influential emissions body has warned politicians. Emma Pinchbeck, chief executive of the Climate Change Committee, which advises the government on emissions targets, stressed that the private sector “likes a bit of ambition”. The former Energy UK CEO [...]
London coaxes bankers back from political chaos in Europe December 8, 2024 Political chaos across Europe is pushing bankers to stay in London rather than follow through on plans to move to the continent. Following Brexit, many bankS began shifting certain roles across the channel, sometimes due to requests from European regulators, and sometimes to stay better connected to the continent. A senior banking source told the [...]
Water firms look to increase bills amid fears of £400m National Insurance hit December 8, 2024 Water companies are hoping billpayers will carry the cost of a £400m hit from rising national insurance contributions over the next five years, previously announced in the Autumn Budget. The accumulated cost to all water firms’ in England and Wales comes to £80m per year, water industry sources told the Sunday Times. Firms have now [...]
Boost ‘growth prospects’ with reset, Reeves to tell EU finance meeting December 8, 2024 Rachel Reeves will argue that a more business-like relationship with the EU can help Britain boost its “growth prospects”, at a meeting with the bloc’s finance ministers. Reeves will on Monday address the European Union’s financial heads in Brussels, becoming the first Chancellor to do so since Brexit, ahead of her next overseas visit to [...]
Titanic shipyard Harland & Wolff closes in on rescue deal with Navantia December 8, 2024 Navantia has won approval from the Cabinet Office to take control of the Harland & Wolff's four UK shipyards, Sky News reported.
Newts can’t be ‘more protected than people who need housing’, Rayner says December 8, 2024 Angela Rayner has said the UK should not be in a situation where “newts are more protected than people” who need housing, ahead of a government shake-up of planning. The deputy Prime Minister suggested protecting the country’s wildlife should not always be prioritised over building new homes, after Sir Keir Starmer last week reiterated his [...]