Page Group: Recruitment specialists caution over trading condition as profits slump April 17, 2023 Recruiter Page Group has cautioned over ongoing tough trading across many of its key markets as first-quarter gross profits slumped by nearly 10 per cent in the UK. The group reported a 9.4 per cent drop in UK gross profits for the first three months of 2023, which comes after a 1.9 per cent decline [...]
Ashmore: AUM flatline as asset manager takes hit from ‘stresses in banking system’ April 17, 2023 Ashmore has said the assets under management were broadly stable in the most recent quarter despite high interest rates and ongoing market turbulence. The London-listed asset manager reported a total increase of funds under management of just one per cent for the quarter ending on March 31 on Monday, to a total of £46.4bn ($57.7bn.) [...]
Quiz takes a dressing down as fashion retailer sounds warning over cost of living April 17, 2023 High street retailer Quiz blamed high inflation and a knock in consumer confidence for a dip in like-for-like revenues during the first two months of the year. The clothing brand sounded a note of optimism, stating its trading remained consistent with that of pre-pandemic levels. The London-listed retailer’s group revenue rose 17 per cent to [...]
How can fintech close its gender pay gap? Top chiefs say regulation could be key April 17, 2023 Regulators should step in to help narrow a gender pay gap in the fintech sector or female leaders will continue to be shut out from top jobs, some of the UK’s top female fintech chiefs have warned.
Logistics tech firm Shift buys Movinga as it eyes European expansion April 17, 2023 Logistics tech company Shift has acquired the European home move platform Movinga, as the firm looks to expand overseas. Following the deal, Shift now hopes to become the largest marketplace for large-item logistics across Europe, with over 300 employees and operations in seven countries – the UK, Ireland, France, Germany, Austria, Sweden and Switzerland. Shift [...]
Feeding off scrap: Steel industry must go green if it wants taxpayer support April 17, 2023 The steel sector must embrace scrap supplies if it wants to present a viable green future and win over taxpayer support for more funding.
Bank of England won’t cut interest rates until Christmas but UK to avoid recession April 17, 2023 The Bank of England is poised to cut interest rates at Christmas, lured into the decision by inflation falling rapidly over the course of this year, new forecasts that also say the UK will dodge a recession out today claim. Governor Andrew Bailey and his team of economists are tipped to launch the first rate [...]
Yonder secures £62.5m funding to grow outside of London April 17, 2023 Yonder, a credit card rewards firm geared towards millennials and Gen Z consumers, has secured £62.5 million as part of a funding round to expand its operations outside of London. The challenger credit card company seeks to introduce younger generations to shopping on credit cards by offering a points-based rewards scheme to use at London [...]
‘A breath of fresh air’ vs ‘more to do’: What City grandees have to say about Sunak April 17, 2023 As Labour leader Sir Keir Starmer doesn’t tire of reminding voters: expertise beyond politics can be invaluable. For the current resident behind that most famous front door, it’s so far proved an advantage. Liz Truss’ accountancy background may not have aided her short-lived leadership bout, but – for the City’s boardrooms at least – her [...]
Banks reduce support for North Sea oil firms as windfall tax becomes embedded April 17, 2023 Banks are slashing their support for North Sea oil and gas firms as the windfall tax begins to impact financing deals for future projects.
