Exclusive: Cobra Beer founder Karan Bilimoria steps down as chairman November 27, 2024 Lord Bilimoria isn’t shy about discussing his proudest achievements – especially when it comes to the premium lager brand, Cobra Beer. Today, however, the 63-year-old entrepreneur is recalling those moments with a touch more nostalgia, as he reveals exclusively to City AM he’s officially stepped down from his role as the company’s chairman. He says [...]
Dunelm boss: A rise in the living wage is good for our company November 27, 2024 The boss of Dunelm has said that an above-inflation increase to the minimum wage will have a positive effect on the home furnishings giant, despite a flurry of retailers decrying the increased bill. Dunelm chief executive Nick Wilkinson said that the resulting increase in consumer confidence – due to higher disposable income – will ripple [...]
Stellantis closure: UK carmakers face ‘global’ challenges, Reynolds warns November 27, 2024 UK carmakers are facing “global challenges”, Jonathan Reynolds has warned, in the wake of Vauxhall owner Stellantis announcing plans to close its Luton plant. The business secretary said issues in the industry amid the shift to electric vehicles weren’t limited to the firm and insisted ministers did “everything we possibly could” to avert closure. Dutch [...]
Neobrokers take aim at Hargreaves Lansdown and AJ Bell November 27, 2024 A crop of neobrokers are ramping up their challenges to the industry’s dominant players in what experts say could reshape Britain’s retail investment scene.
Just Eat delisting ‘blow to the City’ and setback for Reeves November 27, 2024 Just Eat Takeaway abandoning the London Stock Exchange “highlights a troubling trend” for UK markets as the government struggles to keep companies listed in Britain. The takeaway delivery company cited low liquidity, burdensome regulatory requirements, and high costs as key reasons for its move, which analysts said underscored the uncompetitiveness of London’s equity markets. “If [...]
‘Catastrophic’: Airports demand meeting with Rachel Reeves over business rates November 27, 2024 A draft letter from Airports UK, which represents over 50 airports in the UK, claims the industry will be forced to pay out more than £1bn.
How this stockpicker helped triple the value of Funding Circle November 27, 2024 Funding Circle has been through a rough few years. After floating with a value of close to £1.5bn in 2018, share prices rapidly declined, with its market cap reaching as low as £125m in January of this year. That was when Richard Staveley, portfolio manager of Rockwood Strategic Investment Trust, began looking at the company, [...]
Wealthy Americans look to London prime property after Trump’s victory November 27, 2024 Real estate agents in London’s prime property market have marked a spike in interest from wealthy Americans looking to relocate to the UK – particularly families – after Donald Trump’s successful Presidential election campaign. Estate agents Cluttons has experienced a “noticeable uptick in demand” post-election, according to its head of London residential, Laura Dam Villena. [...]
Gen Z are leading the way on luxury spirits November 27, 2024 For a generation who famously do not drink as much as their parents or grandparents, unlocking the spending habits of Generation Z on alcohol occupies a remarkable amount of brands’ time. For spirits brand Diageo, who own brands like Johnnie Walker whiskey and Don Julio tequila, the answer can be found in the post-pandemic shift [...]
UK equities to lag US after Trump return – but FTSE 100 could beat Europe November 27, 2024 In the wake of Trump's victory, investors broadly agreed that the US stock market will continue to outshine peers for the foreseeable future.
