CAB Payments posts slump in profit as currency shifts drag down earnings September 4, 2024 Fintech CAB Payments has reported a slump in profit for first half of 2024 as currency shifts continued to weigh on its earnings.
Barratt: Profit halves at housebuilder but firm optimistic after Redrow deal September 4, 2024 Housebuilder Barratt reported a halving in profit and drop in completions amid a challenging housing market, but has said it is optimistic about the future. Barratt said its total home completions in the year ended 30 June reached 14,004, down 18.6 per cent from 17,206 in 2023 but at the upper end of the company’s [...]
M&G no longer the industry exception as investors pull £1.5bn September 4, 2024 Investors in M&G pulled £1.5bn from the investment manager over the last six months, as the group finally fell foul to the mass withdrawals that have plagued the industry. The outflows from M&G came as a surprise, as the group has traditionally been able to avoid the negative sentiment felt by many other British money [...]
AI and dating apps: a match made in heaven or hell? September 4, 2024 Dating apps are unleashing AI to run our hopeless romantic pursuits. But could this push users away in the long run?
Why home working might be damaging London’s economy September 4, 2024 Londoners have been slower to return to the office after the pandemic than workers in many large cities around the world. This really matters, and not just for London.
Banks’ fraud loss coverage reportedly to drop to £85,000 after industry backlash September 3, 2024 The maximum fraud losses banks are obliged to cover is set to drop to £85,000, down from a planned £415,000, according to a report.
Pension tax relief: Reeves warned of ‘backlash’ – but offers up roadmap for firms September 3, 2024 Chancellor Rachel Reeves has declined to rule out increasing taxes on pensions in the upcoming Budget, sparking fresh warnings over “anti-growth” policies. Speaking in the Commons on Tuesday, Reeves refused to “speculate about what will be in the Budget” when asked to give savers “peace of mind” over rumoured annuity levies. Despite failing to give [...]
True state of the public finances continues to divide opinion September 3, 2024 The true state of Labour’s fiscal inheritance continues to divide opinion. Over the first few weeks in office, the new government has been painting a very gloomy picture of the state of the public finances. The doom-mongering reached new heights last week after Sir Keir Starmer argued the state of the public finances were “worse [...]
Sixes Social Cricket hits record turnover as first franchises open in UK September 3, 2024 The company behind the party bar chain Sixes Social Cricket has seen its turnover jump following the launch of its franchise arm, newly-filed documents have revealed. The Aberdeen-headquartered firm, which was founded in 2020, saw its turnover increase to £7.5m in the 12 months ending August 31, 2023, up from £4.5m in the year before. [...]
Pret founder and Itsu boss Julian Metcalfe banned from driving for using phone at the wheel September 3, 2024 Julian Metcalfe, the founder of Pret a Manger and current boss of Itsu, has been banned from driving after being convicted of using a mobile phone behind the wheel. He claimed he was using the Waze navigation system for directions to visit his daughter, and that he didn’t know it was illegal to use a [...]
