Santander cracks down on hybrid working as return to office trend grows September 8, 2024 Santander has cracked down on its approach to hybrid working in what is seen as yet another sign that companies are beginning to favour more in-office working patterns.
Government won’t hit 1.5m housebuilding target, Hill Group boss says September 8, 2024 The new government has pledged to build the equivalent of 300,000 homes per year in its first term, a figure not achieved for over half a century.
The Bank of London reveals £42m fundraise days after winding-up order from HMRC September 8, 2024 Fintech ‘unicorn’ the Bank of London has announced a £42m injection of funding today after a tumultuous week in which it was hit with a winding-up order and revealed its chief executive was stepping down. In a statement, the specialist clearing bank, one of only two to be created in the UK in the past [...]
Asos rejected £215m Topshop offer from Shein in favour of lower bid September 8, 2024 Online clothing retailer Asos had declined a much higher bid for Topshop and Topman from fast fashion giant Shein in favour of its new joint venture with Heartland.
Fed’s rate cut in the balance ahead of US inflation figures September 8, 2024 The figures come out a crucial time with the Fed preparing to cut interest rates for the first time since the pandemic.
Crispin Odey-backed lithium start-up launches £6m fundraise September 8, 2024 Northern Lithium aims to source the silvery-white metal from the Northern Pennines and is planning to start commercial produciton by 2027.
Chinese carmaker Chery weighs building cars in UK September 8, 2024 Chery's UK chief Victor Zhang said it was only a "matter of time" before the company made a final decision on entering the UK.
Trainline’s future in focus as Labour plots rail reform September 8, 2024 Trainline investors have been concerned the new Labour government wide-reaching rail reforms could hit the bottom line.
Remaining 116 Body Shop stores rescued by acquisition deal September 7, 2024 The Body Shop has been rescued from administration by a consortium led by British tycoon Mike Jatania, with remaining stores to continue trading. Jatania’s investment firm Aurea announced the completion of the acquisition on Saturday, with Jatania and Charles Denton, former chief executive of beauty brand Molton Brown, to head the new leadership team. In [...]
The Bank of London Group handed HMRC winding-up order after chief steps down September 7, 2024 The Bank of London Group, a fintech unicorn boasting Peter Mandelson on its board, was handed a winding-up petition by the UK's tax authority just two days after saying its founder would step down as chief executive, City A.M. can reveal.
