Jupiter boss Andrew Formica to step down after ‘extremely challenging’ period June 28, 2022 The boss of Jupiter Fund Management Andrew Formica has announced he will retire as CEO later this year after a turbulent period at the helm of the London-listed investor. Formica, who joined the firm from Janus Henderson in 2019, will step down as chief executive and director on 1 October and hand over the reins to [...]
Prime Minister and Chancellor to dismiss Tory calls for early tax cut June 28, 2022 The Prime Minister is set to bat away demands from Tory backbenchers to slash cuts in a major speech with the Chancellor next month. According to a report in The Times, Boris Johnson and Rishi Sunak are set to outline the government’s economic strategy in the speech. However, they will delay announcing a timeline for [...]
Petrofac pushes for post-pandemic rebound as Covid-19 bites into profits June 28, 2022 Energy giant Petrofac is targeting a strong order intake in the second half of the year, as it grapples with lingering impact of the pandemic.
Marlowe revenue surges after acquisition frenzy surpasses £300m June 28, 2022 Services and software group Marlowe has seen group revenue shoot up 65 per cent after a slew of acquisitions. In results for the year ended 31 March 2022, the AIM-listed company said group revenue surged to £315.9m while adjusted EBITA soared 90 per cent to £54.4m. Adjusted profit before tax increased 123 per cent to [...]
Wise profit leaps as news of fintech chief’s FCA tax probe settles June 28, 2022 Fintech giant Wise today revealed profits hit £371.9m last year on the back of a surge in revenues and customer growth. The London-listed fintech said gross profit rose 43 per cent on 2021 levels while revenues topped £559.9m, up a third on last year. Customer numbers meanwhile hit 4.6m in the last quarter of 2022 [...]
Raab’s plans for a Bill of Rights will turn the British courts into a political storm June 28, 2022 IN 2019, the Conservative Party’s manifesto promised reform to the Human Rights Act (HRA), and last Wednesday we finally saw it: the new Bill of Rights. Rather than “enhancing human rights protection” as Dominic Raab has described, it represents a considerable lessening of our liberties in the UK. It shows a government scrambling to find [...]
Exclusive: Poor connectivity costs UK firms £18bn a year June 28, 2022 British SMEs are losing £18.77bn a year because of poor connectivity, costing the UK economy, an estimated loss of £7.7bn every year. The research, conducted by Three UK, YouGov and Development Economics, found that micro-businesses and small to medium sized firms, who provide their employees with work phones, are losing out on an average of one hour of [...]
Soaring inflation burns hole in councils’ finances, LGA finds June 28, 2022 Rampant inflation is burning a hole in the finances of English and Welsh councils and may force them to trim public services without more funding, reveals a fresh report published today. Rising energy costs caused by Russia’s invasion of Ukraine lifting European gas prices and an uplift to the national living wage will heap an [...]
Extending windfall tax to renewables will jeopardise investment warns RWE boss June 28, 2022 RWE boss has warned energy firms will reconsider investment plans in the North Sea if the UK expands its windfall tax to electricity generators.
Letters: Keep a hold of your cash June 28, 2022 [Re: Over seven in ten Brits worry for the elderly if UK goes cashless, yesterday] Your article speaks to a debate that is important to address. It is not just the elderly that would be made vulnerable as in the UK, it’s estimated that 16 per cent of over 18s don’t own a smartphone, and [...]
