Takeover target Signature Aviation swings to $24m loss March 2, 2021 Takeover target Signature Aviation today hailed its “resilient performance” in 2020 as the private jet firm swung to a $24m (£17.3m) loss before tax. After the worst year in history for aviation, the company said that its flight activity was down just 17 per cent in February, compared to 77 per cent last April. It [...]
Foxtons buys West London rival Douglas & Gordon for £14.25m March 2, 2021 London-listed estate agent Foxtons has confirmed it has acquired West London-based firm Douglas & Gordon for £14.25m. It comes just a week after the FTSE firm confirmed it was in discussions to “reflect the company’s stated ambition to acquire high quality businesses with strong lettings books.” Douglas and Gordon, which is run by former Foxtons [...]
UK performance drags on Robert Walters full-year profit March 2, 2021 Recruitment firm Robert Walters has reported a 25 per cent drop in gross profit for the full year as fee income slipped. It came as group net fee income fell 26 per cent to £302.4m for the year ended 31 December. “The sequential quarter-on-quarter improvement in net fee income from quarter two onwards, combined with [...]
Hong Kong explores allowing SPAC listings March 2, 2021 Hong Kong is considering allowing SPAC listings as the popularity of blank-cheque vehicles starts to pick up outside the US. Special-acquisition companies (SPACS) are vehicles that raise capital through a public listing with the purpose of acquiring an existing company. They offer private companies a faster and more predictable way to go public and have [...]
Budget 2021: Sunak to announce £520m scheme to provide training for SMEs March 2, 2021 Rishi Sunak will announce a £520m scheme in Wednesday’s Budget to help provide MBA-style management training to up to 130,0000 British small to medium sized enterprises (SMEs). The new Help to Grow scheme will see the government pay UK business schools to provide 50 hours of free tuition to SMEs over twelve weeks, with with [...]
Unlocking the UK could trigger 6 years of economic growth in just 10 months March 2, 2021 Can you remember what you were doing on the eve of the pandemic? It should be easy to recall. But what were you doing in early 2014? Why do I ask? Well, in a few weeks’ time, as lockdown ends, the economy is likely to be to back to where it was in the first [...]
UK small businesses donated £6bn in cash and gifts during the Covid pandemic March 2, 2021 UK small businesses donated £18bn during the Covid pandemic
Chancellor urged to keep London economy competitive through tax measures in Budget March 1, 2021 Chancellor urged to keep London economy competitive through tax measures in budget
Boris Johnson rules out meat and carbon taxes ahead of COP26 climate pledges March 1, 2021 Prime Minister Boris Johnson has categorically ruled out introducing new levies on meat or carbon despite his net zero targets
Elizabeth Warren’s proposed billionaire’s wealth tax would rake in ‘$78bn from just 100 people’ March 1, 2021 US Wealth tax bill aims to reverse economic downturn caused by Covid-19
