How will the Budget impact the prime housing market? November 1, 2024 The Budget was, by and large, a set of fiscal promises for people who rely on public services. So with that in mind, how might the Budget affect the prime housing market, a market exclusively for the UK’s wealthiest buyers? Prime houses are typically defined as the upper five per cent of houses in any [...]
Paddington producer Canal+ confirms London IPO plans for December October 31, 2024 French media giant Canal+ has confirmed plans to list on the London Stock Exchange in what could be the capital's biggest IPO of the year.
Sainsbury’s sells Argos credit cards for £720m in financial services retreat October 31, 2024 Sainsbury’s has struck a deal to sell its Argos credit card portfolio for roughly £720m as the supermarket withdraws further from financial services to focus on retail.
Selfridges sinks further into the red as sales at luxury department store falter October 31, 2024 Luxury department store chain Selfridges has lost more than £400m since it last made a pre-tax profit, it has been revealed. The business, which has UK stores in London, Birmingham and two in Manchester, passed the milestone after falling to a £41.9m loss in the year to 3 February, 2024. It comes after Selfridges previously [...]
Smith & Nephew slashes guidance as China slowdown continues October 31, 2024 Hip and knee implant maker Smith & Nephew has cut its full-year guidance as it continues to grapple with a slowdown in China. It booked third quarter revenue of $1.4bn (£1.08bn), up four per cent year on year, but Chinese sales dragged as the region experienced “worse than expected headwinds” across the surgical businesses. The [...]
Sensodyne and ‘power brands’ help Haleon grow revenue and profit October 31, 2024 Consumer healthcare company Haleon has reported growth across all its categories and regions in its third quarter amid healthy toothpaste and mouthwash sales. In the three months ended 30 September, 2024, it achieved organic revenue and organic profit growth of 6.1 per cent and 7.4 per cent, respectively, off the back of strong sales of its [...]
The Capitalist: Brewdog’s Linkedin love-in; Stormzy’s house party; a new City landmark October 31, 2024 Hair dyeing disasters, Brewdog's Linkedin love-in and a Christmas visit for the City: catch up on the latest gossip in The Capitalist.
Square Mile and Me: Broadridge International president Mike Sleightholme October 31, 2024 Each week we dig into the memory bank of the City’s great and good. Today, it's Mike Sleightholme, international president of S&P 500 fintech Broadridge.
Why millennial women are efficient – but not very productive – mothers October 31, 2024 Millennial women have reached child-bearing age in a corporate culture that encourages them to have fewer babies, closer together and later in life, says Eliza Filby Few may have seen the link between yesterday’s budget and the latest fertility rates from the ONS which showed they have dropped to their lowest mark since records began. [...]
Autumn Budget 2024: City of London avoids ‘fright night’ tax raid from Rachel Reeves October 30, 2024 While Rachel Reeves’s maiden Budget will hike taxes by £40bn, the City of London has been spared a worst case scenario, writes Elliot Gulliver-Needham. The City has issued a cautious sigh of relief after the Chancellor Rachel Reeves’ Autumn Budget failed to follow through on some of the more radical rumours floated over the past [...]