UK M&A set for ‘sustained increase’ after Budget and Trump victory November 14, 2024 British M&A activity is expected to ramp up going into 2025, City advisers have said, as dealmakers feel more certainty following the Budget and US presidential election.
Monetary policy needs to be ‘more forceful’ as global economy becomes less stable November 14, 2024 "Over the next few years at least, volatility in macroeconomic variables likely will be elevated," Mann said at the Annual Conference of the Society of Professional Economists in London.
Can Burberry’s turnaround plan put it back in fashion? November 14, 2024 This morning, Burberry announced an ambitious turnaround plan called ‘Burberry Forward’ designed to rescue the luxury brand from the trenches. It aims to “reignite brand desire, improve performance and drive long-term value creation,” and will see Burberry double down on its strengths as a British brand. Burberry has already appointed new leaders across its marketing, [...]
How Rachel Reeves plans to use pension pots to fund an investment boom November 14, 2024 The Chancellor Rachel Reeves is set to lay out one of the most significant shake-ups of the pension system in decades today after years of calls from the City to lean on the sector to fund an investment boom. Currently, 86 different local government pension schemes manage assets between £300m and £30bn, with local government [...]
Ryanair calls for ‘urgent’ action to reform UK’s ‘hopeless’ air traffic control body November 14, 2024 The boss of low-cost airline Ryanair has labelled the UK's air traffic control body as "hopeless" and called for its chief to be sacked after a damning report revealed a litany of failures at the organisation.
‘Not the 1970s’: Minister slaps down four-day week calls from civil servants November 14, 2024 Civil servants won’t get a four-day working week as we’re “not living in the 1970s”, the pensions minister has said. Emma Reynolds slapped down the demand from Whitehall bureaucrats on Times Radio, after it emerged staff at one department claimed the policy could save the government millions. Workers at the Department for Environment, Food and [...]
Sterling hits lowest level since July as Trump victory dents the pound November 14, 2024 "The FX market tends to concentrate on one theme at a time, and right now that is dollar dominance," Kathleen Brooks, research director at XTB said.
British AI start-up lands $750m valuation nine months after creation November 14, 2024 British AI start-up Tessl has landed a $750m valuation just nine months after being created, it is understood, as it looks to revamp how computer programmers create software.
WH Smith: Profit jumps as expansion into travel shops pays off November 14, 2024 WH Smith’s push into travel has paid off with the bulk of its growth in the last year due to higher profit at airports, train stations and motorway services. WH Smith’s revenue rose seven per cent to £1.918bn in the year ended 31 August, 2024, driven by growth in travel shops plus the company’s expansion [...]
Major Smith & Nephew investors call for break-up of medical device maker November 14, 2024 Three of Smith & Nephew's biggest shareholders are reportedly urging the FTSE 100 firm to break up if it cannot improve performance.
