Hargreaves Lansdown pulls in £1.3bn worth of new business as client base swells October 15, 2021 Financial services firm Hargreaves Lansdown has pulled in £1.3bn worth of new business in its last quarter, as its client base grows. Some 23,000 new clients joined the firm in the three months to 30 September, taking active member figures to more than 1.6m. Shares slipped 0.4 per cent to 1,490.5p per share during its [...]
Flutter, Betfred and Ladbrokes owner pile into safer gambling campaign October 15, 2021 The UK’s biggest names in the betting space have piled into a fresh campaign for safer gambling. The ‘Take Time to Think’ campaign, launched by the Betting and Gaming Council (BCG), encourages customers to use safer gambling tools – like deposit limits, time-outs and self-exclusion – offered by its members. Director of corporate affairs at [...]
GSK trades blows with activist investor Bluebell as it tries to oust chief exec October 15, 2021 Embattled GlaxoSmithKline (GSK) chief executive Emma Walmsley and the company’s chairman are under attack from activist investors. GSK’s chairman Sir Jonathan Symonds has responded to a scathing letter written by Bluebell Capital Partners, the activist shareholders famous for toppling the Danone chief executive, which called for a change in company leadership The Times first reported. [...]
Ollie Phillips: Marcus Smith can be the catalyst for a new England team October 15, 2021 Marcus Smith is the name on everyone’s lips as Eddie Jones prepares to name his England squad for the Autumn Nations Series on Monday. The Harlequins fly-half was on fire on his first Premiership appearance of the season last Friday, coming off the bench to help Quins surge from 21-0 down to beat Bristol 52-24. [...]
ProCook mulls IPO as revenues soar October 15, 2021 UK kitchenware retailer ProCook has announced its intention to publicly sell its shares after revenue swelled to over £50m this year. The company, which sells kitchen supplies through its website and via 50 retail stores across the UK, said that if it proceeds with the listing it expects to begin trading on the main market [...]
UK secures £5.8bn of foreign investment for green projects October 15, 2021 As COP26 fast approaches, around 5.8bn of foreign investment has been injected into the UK’s green projects since November last year. It comes alongside some 56,000 new jobs in the UK’s clean and renewables industries, the government said today. The fresh figures follow prime minister Boris Johnson’s ten point plan for a ‘green industrial revolution’ [...]
Rio Tinto production tumbles as supply chain woes bite October 15, 2021 Mining giant Rio Tinto has seen production take a hit over the past three months amid ongoing labour shortages and supply chain issues. Titanium dioxide slag, which is used to make cosmetic and pharmaceutical items as well as plastic, was the worst affected material with production tumbling by 29 per cent to 209kt. The company [...]
Tech industry jargon is full of hot air and keeps public valuations sky-high October 15, 2021 It was the presentation that cost £1.85bn. On Tuesday morning, Matt Moulding, the CEO and founder of The Hut Group, addressed his shareholders, attempting to reverse a precipitous slide in the company’s share price. It didn’t go well. Just hours after his presentation ended, the firm had lost another third of its value. The Hut [...]
As bills go up, we need to brace for a pretty chilly winter in the UK October 15, 2021 As usual, Destiny’s Child was right. Bills, bills, bills, as the iconic girl group put it, put friction into our relationships and left us acting dumb. This winter they’re going up. As inflation starts to bite we’re going to find it tougher to make ends meet. From groceries to energy, the cost of everything is [...]
Editorial: From fireworks to business rates, it’s time to move forward October 15, 2021 On the face of it, whether or not a fabulous yellow roman candle explodes like a spider across the stars for London’s New Year’s Eve celebrations is not the world’s most pressing issue. But in its own luminous way, the decision by the Mayor to cancel the capital’s midnight show for the second time in [...]
