UK firms slash debt levels as interest rates rise July 6, 2022 UK firms are paying off debt for the first time in eight years as rising interest rates dissuade further borrowing and strong cash flows are channelled into repaying existing debt, a new survey has revealed.
Abrdn launches £300m share buyback programme July 6, 2022 Asset manager Abrdn announced a £300m share buyback programme this morning as it looks to put excess cash back in shareholders’ pockets.
AO World looks to raise £40m amid cash crunch fears July 6, 2022 British electrical retailer AO World revealed it is looking to raise £40m today to shore up its balance sheet just days after its share price plunged amid fears over its cash reserves. It was revealed earlier this week that a third-party credit insurer serving some of the firm’s suppliers had slashed its cover in light [...]
Recruiter Robert Walters notches record quarter amid hypercompetitive labour market July 6, 2022 London-listed recruiter Robert Walters said today it enjoyed a record quarter in the three months to June as firms jostled for talent in a hypercompetitive jobs market.
FCA brings in six directors and hires ‘almost 500’ to meet expanding remit July 5, 2022 The City watchdog said today it had bolstered its senior leadership team and hired almost 500 people in the past six months as it races to keep up with a rapidly expanding remit.
Clamp down on ‘rogue pension providers’ preventing transfers, PensionBee boss tells ministers July 5, 2022 The boss of fintech firm PensionBee has called on the government and regulators to clamp down on “rogue providers” preventing the transfer of pension pots, as ministers prepare to assess the impact of freedoms granted to retirement savers seven years ago.
EU set to overhaul listing rules as competition for tech IPOs intensifies July 5, 2022 The European Union is looking to overhaul listing rules to allow founders to retain more control after going public, in a bid to tempt more tech firms into floating in the bloc.
Saga on track for profits as pandemic recovery continues July 5, 2022 Over-50s specialist Saga said it was on track to return to profits today as it continues its recovery from a pandemic slump.
Exclusive: ‘Veganuary’ founder launches new £30m vegan venture fund July 5, 2022 The co-founder of the ‘Veganuary’ initiative has launched a new £30m investment vehicle today designed to spur growth in firms developing meat-free animal alternative products.
Young’s reports bumper sales but cost of living slowdown looms July 5, 2022 Young’s Brewery chair Stephen Goodyear said the firm had made a bumper start to the new financial year today but warned that a looming cost of living crunch could temper sales growth in the months to come. At the firm’s annual general meeting today, Stephen Goodyear, Chairman of Young’s, is set to tell shareholders that [...]
