The cost of living crisis has an unlikely winner: the book industry May 31, 2023 Publishing group Bloomsbury raked in record sales last year as Brits buried their heads in books and "cut back on more expensive forms of diversion" through the cost of living squeeze, the firm revealed today.
Home REIT shareholders aren’t holding their breath for more answers May 31, 2023 Many of Home REIT’s shareholders, tenants and adversaries hoped the appointment of a new investment adviser last week would signal an end to the obfuscation of the past seven months. AEW, a recognisable and seemingly safe pair of hands, gave some reasonable hope it would be straight talking from then on. No such luck. Yesterday’s [...]
Revealed: KPMG slashes UK bonuses as dealmaking drought hits fees May 31, 2023 KPMG has slashed the bonus pool of its UK workforce and reined in commission for salespeople as its profits falter amid a slowdown in the dealmaking environment this year, City A.M. has learned.
More to come: Bunzl doubles down on dealmaking bonanza as it sails past 200 acquisitions May 30, 2023 Ever-acquisitive outsourcing group Bunzl said it is eyeing yet another spate of deals today as it passed the 200 acquisition mark with the purchase of two Brazilian and Spanish safety distributors. In a statement this morning, the FTSE 100 London-based firm said it had struck two deals to buy Leal Equipamentos de Proteção, a specialised [...]
Scottish Mortgage rebuts former director’s barbs as boardroom bust-up continues May 30, 2023 The Scottish Mortgage Investment Trust has rebutted fresh claims from its former director Amar Bhide after he filed a complaint with regulators claiming that the firm misled investors over his exit.
FTSE 100: Ocado set to be chucked from the trolley in London index reshuffle May 30, 2023 Ocado is set to be rubbed off many investors’ shopping lists this week as it faces a relegation from the FTSE 100 following a troubled period of slowing sales and a tumbling share price.
Home REIT investigation: investment manager passed over ‘innacurate’ ESG info and had ‘undisclosed’ conflicts of interest May 30, 2023 The former investment manager of scandal-hit property firm Home REIT passed over “inaccurate” information to an ESG inspector and certain top figures had “undisclosed potential business interests” with third parties, a damning internal report has revealed today.
Ministers must accelerate pension dashboard after ‘disappointing’ delays, AJ Bell chief warns May 30, 2023 Ministers must push ahead with the roll-out of the much-delayed pension dashboard or risk savers disengaging with their retirement cash, the chief of AJ Bell has warned.
Monzo founder Blomfield fires parting shot at London as he packs bags for San Francisco May 25, 2023 Monzo founder Tom Blomfield has warned there are no quick fixes for London’s "very real" listings problem, in a parting blow to the capital as he packs his bags for the US.
Anne Boden to step down as chief of Starling as bank reports record profits May 25, 2023 The founder of Starling Bank, Anne Boden, has announced she will step down as chief executive of the firm at the end of June as the bank reported record profits in the year to March today.
