Cash transactions at eight-month high as Brits turn to Post Office amid mass bank branch closures June 12, 2023 Cash transactions at post offices reached an eight-month high in May. Some £3.33 billion-worth of transactions were made, marking the highest total since last September, when it was £3.35 billion. Business and personal cash deposits totalled £2.48 billion in May, marking a 10% month-on-month increase. Personal cash withdrawals totalled £817 million in May, up by [...]
Ashley’s empire grows: Frasers picks up nearly 20 per cent of retailer AO World June 12, 2023 Mike Ashley's Frasers Group has invested £75m in electronic retailer AO World, taking a stake of almost 20 per cent in the business.
The Notebook: Octavius Black on HR’s ‘Davos’, how to fix low productivity rates and wellbeing June 12, 2023 The Notebook is a column where interesting people say interesting things: today, it’s Octavius Black, CEO of learning platform MindGym, to discuss productivity, wellbeing and workplace culture’s Davos. Big hitters gather to look at HR’s biggest 2023 challenges The floorboards of the Royal Opera House have been trodden by many a global superstar over the [...]
Billionaire George Soros hands control of empire to son June 11, 2023 Billionaire financier George Soros has said he is handing control of his sprawling business empire to his son, Alexander Soros, in an interview with the Wall Street Journal published today.
Crispin Odey leaving hedge fund following misconduct allegations June 11, 2023 Crispin Odey is to leave Odey Asset Management, the partnership said on Saturday, following a series of allegations of misconduct.
“In discussions”: What next for Crispin Odey’s City empire? June 10, 2023 Odey Asset Management has revealed it is in “active discussions” with its broker partners, after fresh misconduct allegations published against its founder led banks to review their relationship with the fund. It followed a report in the Financial Times (FT) – together with Tortoise Media – which included several allegations of sexual harassment or misconduct [...]
Sunak defends “progressive” UK tax system June 10, 2023 Rishi Sunak has insisted the UK’s tax system is “very progressive” as he brushed off questions about his own financial affairs. The Prime Minister paid an effective rate of around 22% on his substantial income because the majority came from capital gains rather than earnings. But Mr Sunak insisted the tax system was fair for [...]
“Writing on the wall”: Boris advisor on why ex-PM quit Parliament June 10, 2023 Boris Johnson has been accused of being a coward for quitting as an MP before the findings of a cross-party investigation into whether he lied to the Commons has been published. Angela Rayner, Labour’s deputy leader, said the former prime minister had “jumped” to avoid facing a potential by-election in his marginal constituency. Mr Johnson [...]
Wall Street: US stocks inch higher before next week’s busy slate of updates June 10, 2023 US stocks inched higher on Friday to close a listless week for Wall Street, as investors wait for next week’s slate of potentially market-moving updates. The S&P 500 rose 4.93, or 0.1 per cent , to 4,298.86 to cap its fourth straight winning week, the Dow Jones Industrial Average added 43.17, or 0.1 per cent [...]
Greggs on track to roll out 150 new stores across UK – and could accelerate plans June 10, 2023 The boss of Greggs has said the bakery chain is on track with plans to open 150 new shops across the UK. The sausage roll seller said it will open new stores in Cornwall and other areas where it currently has fewer sites as part the group’s rapid expansion plan. Greggs currently runs around 2,300 [...]
