Tumbling pound puts London firms at risk of foreign takeover frenzy September 29, 2022 A sharp fall in the value of the pound could put London-listed firms at further risk of foreign takeovers after a spate of acquisitions this year, experts have warned today.
SoftBank begins slashing 30 per cent of staff from Vision Fund September 29, 2022 Japanese investment giant SoftBank has begun laying off staff at its flagship Vision Fund unit as it plans to slash headcount by around 30 per cent, according to reports.
Don’t penalise cash-strapped Brits, FCA warns insurers September 29, 2022 The City watchdog has fired a warning shot at insurance firms today and told them to ensure they are supporting consumers as a cost of living crunch hits.
Truss defends mini-budget as ‘the right plan’ in bruising local radio interviews September 29, 2022 Prime Minister Liz Truss said she was willing to take “controversial” steps to spur growth today as she refused to reverse her economic plans that have rocked financial markets this week.
Mitchells & Butlers sounds alarm over soaring energy costs September 29, 2022 Pub and restaurant group Mitchells & Butlers sounded the alarm over soaring inflation today as it reported a dip in sales in the year to September.
Just Eat appoints new executives as it eyes up profit September 29, 2022 Just Eat has appointed two new chiefs to its top team today as it angles in on profitability this year and looks to capitalise on a positive first six months trading.
M&G names former Axa boss Andrea Rossi as CEO September 29, 2022 M&G has appointed Andrea Rossi as its next chief executive and executive director, joining from Boston Consulting Group.
Next boss warns of two cost of living crises after slashing forecasts September 29, 2022 Next has slashed its sales forecasts for the second half of the year today despite a 16 per cent jump in pre-tax profit in the six months to July.
Amigo shareholders rebel over chief’s £600k paypacket September 28, 2022 Beleaguered lender Amigo Loans faced a rebellion from shareholders today as nearly half of its investors voted against a proposed £600,000 pay packet for its chief executive.
Banks need WhatsApp alternative fast to dodge hefty fines, warns former FCA official September 28, 2022 Banks and brokerages need to roll out new messaging platforms fast to “crack down” on the use of Whatsapp by staff, a former City regulator warned today, after US regulators slapped a group of Wall Street giants with $1.8bn worth of fines.
