Firefoot can scorch rivals on way to first Hong Kong win December 10, 2024 THERE is little doubt finding winners at the city track today will need plenty of patience and a thorough inspection of the form book to have any chance of success. Many of the gallopers lining up have run against each other umpteen times and it could be a case of whose turn it is to [...]
J-Mac and Yiu Simply the go-to pairing at the Valley December 10, 2024 FOLLOWING all the drama and razzmatazz associated with international racing in Hong Kong last week, it is back to Happy Valley today for another fiendishly difficult and competitive nine-race programme starting at 10.40am. Trainer Ricky Yiu certainly endeared himself to the majority of the 70,000 spectators at Sha Tin on Sunday, saddling well-backed and popular [...]
Change in business rates could cost firms millions, research finds December 10, 2024 A number of sectors could be hit with hundreds of millions of pounds in extra business rates due to “poorly thought-out legislation”, according to new research. The analysis, conducted by property consultancy Colliers, highlighted the impact that the new business rates legislation proposed by the Labour government could have on larger retailers and hospitality businesses. [...]
Should investors ho-ho-hope for a FTSE 100 Santa rally? December 10, 2024 Investors in the FTSE 100 are holding out hope for a Santa rally in the second half of December as markets gear up for some Christmas cheer. “December often delivers investors a festive treat in the form of a Santa rally,” explained Danni Hewson, AJ Bell head of financial analysis. While the famed “Santa rally” doesn’t [...]
HS2: Costs for London Euston section reach over £7.5bn December 10, 2024 Rachel Reeves confirmed in the Autumn Budget HS2 will terminate at Euston station, following a political kerfuffle over how to find the necessary funding.
FCA rejects ‘light-touch’ regulation in push for City growth December 10, 2024 The heads of the Financial Conduct Authority (FCA) told MPs they will not adopt a “light-touch” approach to regulation today after criticism the City watchdog has hampered growth with burdensome red tape. Appearing before the Treasury Committee on Tuesday, FCA chief executive, Nikhil Rathi, and chair, Ashley Alder, warned of the challenges in delivering on [...]
London Stock Exchange exodus hits £107bn as Ashtead eyes the US December 10, 2024 The value of companies fleeing the London Stock Exchange for foreign markets has reached £107bn this year after FTSE 100 Ashtead announced it would be heading across the Atlantic today. In a statement this morning, the construction equipment firm confirmed a long-rumoured move to swap its primary listing to the US, where it has its [...]
Keep airlines’ record $1trn revenue in perspective, says former British Airways chief December 10, 2024 The global airline industry is expected to make $1trn (£783.7bn) in revenue for the first time in its history next year, as passenger demand continues to break records in the post-Covid era. The International Air Transport Association (IATA) on Tuesday forecast annual traffic would reach another all-time high of around 5bn, despite supply chain issues [...]
Canary Wharf takes £610m loan from investment giant Apollo December 10, 2024 Canary Wharf has borrowed £610m from American investment giant Apollo in a refinancing deal that will allow it to repay bonds due over the next two years. The company, which was acquired Brookfield Property Partners and the Qatar Investment Authority in 2015, said the loan was secured against the majority of its 1.2m square feet [...]
Firstgroup re-enters London bus market with £90m acquisition December 10, 2024 Firstgroup said on Tuesday it had signed a £90m deal to take RATP London off the hands off its French owner.
