Brexit deal: Sunak says Northern Ireland in ‘unbelievably special position’ with access to both UK AND EU markets February 28, 2023 Rishi Sunak insisted that his new Brexit deal for Northern Ireland addressed the concerns of unionists despite the “small and limited” role for European Union law and its court – while giving Belfast an “unbelievably special position”. The Prime Minister, who was visiting Northern Ireland to sell the deal secured with the European Union, said [...]
Sunak Brexit deal: King Charles meeting with EU’s von der Leyen ‘not unusual’ – Cleverly February 28, 2023 Foreign Secretary James Cleverly has rejected claims that the King was being drawn into political controversy over his meeting with European Commission president Ursula von der Leyen. Cleverly denied ministers were politicising the monarchy following the meeting between the King and the Brussels official at Windsor Castle, which coincided with the agreement of a new [...]
Price of Bitcoin flatlines as crypto markets await next call on interest rates February 28, 2023 Bitcoin and Ethereum are trading flat, with the number one and two by market cap both marginally in the red this morning.
Travis Perkins: Toolstation owner slashed 400 jobs and 19 branches as slowdown hit construction sector February 28, 2023 Builders’ merchant Travis Perkins has revealed it axed 400 jobs and shut 19 branches at the end of last year as a slowdown in the construction sector hit its bottom line. The group, which owns the Toolstation chain, said it was forced to take some “difficult decisions” to slash costs by £25 million this year. [...]
Credit Suisse relationship with Greensill Capital ‘seriously breached’ rules, says Swiss regulator February 28, 2023 Credit Suisse “seriously breached its supervisory obligations” in its relationship with Greensill Capital, according to the Swiss financial watchdog Finma. Finma said the failures were due to poor risk management and “serious deficiencies” in its organisational structures After concluding its probe, Finma has ordered the bank to “periodically review” its most important business relationships, in [...]
Christmas comes early: PayPoint swoops on savings club Appreciate in £83m ‘earnings enhancing’ deal February 28, 2023 PayPoint has completed its acquisition of Christmas vouchers firm Appreciate Group. The two companies agreed the £83m deal last November and the boards have now finalised the buy-out agreement. The deal with PayPoint, which allows Brits to pay bills at 28,000 convenience stores across the country, involves the incorporation of some of Appreciate Group’s board [...]
Man Group bucks investor exodus trend with £2.57bn inflows February 28, 2023 Man Group said investors pumped £2.57bn ($3.1bn) into its funds last year as it bucked an industry-wide investor exodus that has rocked many of its peers. In its full year results today, the London-listed asset manager said flows into its funds had sailed past analysts estimate and topped the industry average by 5.3 per cent, [...]
Real estate veteran announced as new chair of London-focused Workspace February 28, 2023 An industry veteran and former Schroders real estate chief has been unveiled as the chair of flexible office company Workspace. Stephen Hubbard will step down from his position in July after three years in post, with Duncan Owen taking the helm of the flexible working space group. Hubbard joined the real estate investment trust’s board [...]
Klarna: BNPL giant on ‘solid path to profitability’ after cost cutting push helps narrow losses February 28, 2023 Buy-now pay-later giant Klarna said it was on a “solid path to profitability” today after a major cost-cutting push saw it narrow its losses in the second half of the year. The Swedish headquartered firm, which has slashed its headcount and pared back growth plans in the past 12 months, lost a record SEK 10.4bn [...]
Serco’s revenues surge as UK ‘immigration contracts’ offset a tumble in Covid testing work February 28, 2023 British contractor Serco said its revenues continued to grow in 2022 as surging UK government demand for its ‘immigration services’ offset a drop in Covid-related work. Serco said its overall revenues increased by £109m to £4.53bn in 2022, despite a £480m drop in income from work surrounding Covid-19. Higher revenues from Serco’s businesses running [...]
