Why Brits are backing cash and shunning the stock market December 5, 2024 Brits are sitting on a record amount of cash and shunning the stock market – Elliot Gulliver-Needham looks at why the UK has become a nation of savers. UK cash savings have surged to a record £2.1 trillion this month, up more than £51bn since the start of 2024, according to new data from Janus [...]
UK economy to ‘grow twice as fast’ as Europe in 2025 December 5, 2024 The UK economy is set to grow twice as fast as its European counterparts next year thanks to the flurry of spending measures announced in October’s Budget, a top bank has forecast. Britain’s gross domestic product (GDP) will increase by 1.4 per cent next year, analysts at ING said in the bank’s annual economic outlook, [...]
Mark Kleinman: Tucker’s luck could mean handing over HSBC reins during a trade war December 5, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles HSBC’s chair changeover, the FCA’s recent climbdown, and a mighty job at Mitie. Tucker’s luck could mean handing over HSBC reins during a trade war Just as one swallow doesn’t make [...]
French government toppled after losing no-confidence vote December 4, 2024 France’s far-right and left-wing forces joined together this evening to oust Prime Minister Michel Barnier’s government in a historic no-confidence vote prompted by budget disputes. A total of 331 MPs voted in favour of the motion presented by the leftist NFP alliance, with a majority of 288 neded to topple the government. It marks the first time [...]
Hedge fund managers could buy land, MPs told, as Tories fail to scrap ‘farm tax’ December 4, 2024 Hedge fund managers could buy up farmland if UK farmers sell up to avoid the inheritance levy, MPs were told, as the Tories brought a vote on the so-called ‘family farms tax’. Conservative MPs used an opposition day debate on Wednesday to bring a Commons vote on Labour’s Budget measure which would see farmers pay [...]
Another London-listed firm goes private as deals bonanza accelerates December 4, 2024 Another London Stock Exchange-listed firm waved through a take-private deal today in the latest of a torrent of exits from the City’s bourse this year. Learning Technologies, an AIM listed edtech company, agreed to an £836m takeover from US private equity behemoth General Atlantic, making it one of 45 listed companies to sell-up or enter [...]
UK takes down multibillion-dollar Russian crypto laundering network December 4, 2024 The UK’s National Crime Agency (NCA) has smashed a multibillion-dollar Russian money laundering scheme which operated in Britain and had ties to the Kremlin. Investigators said on Wednesday that uncovering the Russian-speaking network, run out of London, Moscow and Dubai, marked the NCAs biggest money laundering case for a decade. The investigation was given the [...]
Dazn scores exclusive global broadcast deal for Fifa Club World Cup December 4, 2024 Fifa has confirmed that its relaunched Club World Cup will be broadcast for free around the world on Dazn, the dedicated sports streaming platform. The 32-team tournament will take place in its new form for the first time next summer in the US, where Chelsea and Manchester City will be England’s representatives. Dazn said the [...]
Founder Favourites: How to make a multimillion-pound business selling biscuits December 4, 2024 Building a successful business takes a focused mind and a steady hand. One look at the intricate biscuits made by entrepreneur Harriet Hastings, and it’s clear she has both. In this episode of Founder Favourites, Hastings tells Jennifer Sieg and Emmanuel Nwosu how she launched and scaled her multimillion-pound biscuit brand, Biscuiteers, in the span [...]
Bank of England: Andrew Bailey names ‘biggest issue’ after Budget tax hikes December 4, 2024 "How companies balance the mixture of prices, wages, the level of employment, what is taken on margin, is an important judgement for us," he said.