Investment bosses back UK stocks in 2025 and fret over Trump December 31, 2024 The chief investment officers of some of the UK’s largest asset managers have said they expect UK stocks to outperform global equities in 2025. However, they’ve also warned that trade wars represent the biggest threat to investors in 2025, as US President Donald Trump’s election threatens to heighten global supply chain issues. According to data from [...]
Firm slams City as it plans to leave the London Stock Exchange December 31, 2024 DG Innovate has announced plans to cancel its listing on the London Stock Exchange due to a lack of investor demand for early-stage companies. DG Innovate is an R&D company specialising in sustainable transport and energy storage. Although the firm said it has made “significant operational progress” over the past year, it has still struggled [...]
Crispin Odey suing Financial Times for £79m in libel damages, documents show December 30, 2024 Hedge fund manager Crispin Odey is seeking at least £79m in damages from the Financial Times (FT) after suing the publication for libel, documents filed at the High Court show. Odey began legal action against the FT in May over four articles published in 2023, which contained allegations that he had sexually assaulted multiple women. [...]
Over 200,000 retail jobs to go in 2025 as ‘permacrisis’ takes hold December 30, 2024 Over 200,000 retail jobs are set to disappear next year, along with over 17,000 stores, as the sector’s decade-long crisis continues, according to a top retail body. Online shopping, a Covid-19 hangover and high taxes are compounding a problem that began with the financial crisis in 2008, according to the Centre for Retail Research (CRR). [...]
Downing Street rejects Elon Musk’s claim firms are turning away from UK December 30, 2024 Downing Street insisted Sir Keir Starmer was running an “unashamedly” pro-growth government after Elon Musk lashed out at his policies. Tesla boss Mr Musk said “very few companies” would be willing to put money into the UK under “the current administration”. Mr Musk, a close ally of US President-elect Donald Trump, was responding to calls [...]
Why ‘Sunshine Saturday’ has travel operators crossing their fingers December 30, 2024 Black Friday’s travel-focused cousin, Sunshine Saturday, is set to fall on 4 January in 2025. Occuring on the first Saturday of every new year, Sunshine Saturday is the day most people book their holiday getaways for the year ahead. With Heathrow Airport set to cap off its busiest-ever year with two record months and Virgin Atlantic [...]
HS2’s new boss Mark Wild warns the company is in a ‘very serious situation’ December 30, 2024 HS2 is in a “very serious situation” and needs a “fundamental reset”, the new boss of the company building the high-speed railway has warned. Mark Wild, chief executive of HS2 Ltd, said he is committed to ensuring the railway opens “safely and efficiently”. Earlier this month, HS2 Ltd estimated the cost of building the railway [...]
David Beckham’s business empire has golden year after Netflix documentary December 30, 2024 David Beckham’s business empire more than doubled its profit last year following the release of a Netflix documentary series following the footballer’s family. The England and Manchester United icon’s firm, DRJB Holdings Limited – which includes David Beckham Ventures Limited, Seven Global LLP and Studio 99 Group – reported that pre-tax profit rose to $36.2m [...]
Hiring frenzy at London law firms as ‘apex predator’ disrupts market December 30, 2024 Partners at London law firms are switching companies at record pace as a surge of investment by American rivals ramps up competition for talent. According to data provided by legal recruiter, Edwards Gibson, there were 546 partner moves recorded over 2024. This figure is up seven from 510 moves in 2023, and up 14 per [...]
London Gatwick Airport: Thousands disrupted as fog hits for fourth day December 30, 2024 Flight restrictions remain in place at Gatwick Airport for a fourth day because of fog, disrupting travel plans for thousands of passengers. More than 20 flights planned for the West Sussex airport on Monday were cancelled in advance and passengers are being warned of delays throughout the day. Flights at the UK’s second busiest airport [...]
