New £500m university science grant can ‘commercialise discoveries’ November 13, 2024 The government has announced it will stump up £500m for 4,700 post-graduate engineering and science university places in a bid to drive long-term economic growth. Science and technology secretary Peter Kyle made the announcement today, with universities and industry set to reap the benefits. The scheme will fund 4,700 new places, equating to around £106,000 [...]
St James’s Place continues exec shakeup with new chief risk officer November 12, 2024 St James’s Place has continued its shakeup of senior staff with a new chief risk officer as Britain’s biggest wealth manager works to rebuild credibility. Chief risk officer Mark Sutton, who had worked at the firm for the last seven years, represents the third executive to depart in just over a year. A St James’s [...]
Financing the Future – Saudi Arabia looks to grow its capital market November 12, 2024 Ahead of FII8’s conference in Riyadh, Sir Martyn Lewis interviewed Nayef Al-Athel, Group Chief Sales and Marketing Officer, of Saudi Tadawul Group, the parent company of Saudi Arabia’s stock exchange, for Inside Saudi. Al-Athel talked about the great strides being made in the Kingdom to help facilitate capital flows into Saudi’s growing capital market. Sir [...]
Entrepreneurs are the ‘real heroes’ and AI is already here, says Xero’s UK managing director November 12, 2024 Alexander Von Schirmeister is not just the UK managing director of Xero, a New Zealand-based online accounting software for small businesses, he is also one of the most well-travelled people one could meet. Alex – he said he prefers to be called – grew up culturally rich. The managing director was raised in Mexico by [...]
Tax changes could lead to ‘fire sale’ of family SMEs, experts warn November 12, 2024 Industry leaders have warned there will be an influx of for-sale signs on UK businesses as their owners and subsequent heirs begin to cope with a change in inheritance tax (IHT). The concern comes following the announcement in Reeves’ Autumn Budget that business assets worth more than £1m would no longer be exempt from IHT [...]
UK could negotiate exemption from Trump tariffs, former Senator says November 12, 2024 Many analysts have suggested that the threat of tariffs might be used as a negotiating technique.
Ex-Bank top economist Haldane says UK can strike Trump trade deal and boost EU ties November 12, 2024 The Bank of England’s ex-chief economist has said Keir Starmer can simultaneously strike a trade deal with Donald Trump and rebuild relations with the EU to show the UK is "open for business".
Segro backs down from Tritax bidding war amid asset buying spree November 12, 2024 Segro has failed to up its offer for a takeover of Tritax Eurobox despite being outbid by Brookfield, leaving the latter victorious in the bidding war. Despite failing to successfully take over the real estate investment trust, Segro said today that it had bought about a third of Tritax Eurobox’s assets for 470m euros (£389m). [...]
Business groups warn of jobs market slowdown following Budget November 12, 2024 Alexandra Hall-Chen, principal policy adviser for employment at the Institute for Directors (IoD) said the figures point to a "concerning trend" in the labour market.
Collapse in SME employment growth serves as ‘wake up’ call to government November 12, 2024 Employment growth within Britain’s small and medium sized enterprises (SMEs) fell drastically last month in the run-up to the Autumn Budget’s tax hike on employers. The rolling six-month average for annual employment growth in full-time jobs dropped to 2.6 per cent at the end October, down from 12.8 per cent in October of last year, [...]
