Reebok and Forever 21 owner Authentic Brands snaps up Ted Baker in £211m deal August 16, 2022 After months of speculation, the Juicy Couture and Forever 21 owner Authentic Brands has said it will buy Ted Baker for an estimated £211m.
UK launches post-Brexit trade scheme for 65 developing countries extending tariff cuts August 16, 2022 The UK has launched its post-Brexit scheme to support trade with developing countries, extending tariff cuts to hundreds of products. The Developing Countries Trading Scheme (DCTS) was announced today by International Trade Secretary Anne-Marie Trevelyan, in a bid to go further than the EU’s Generalised Scheme of Preferences. The initiative covers 65 countries Africa, Asia, [...]
The Sage Group snaps up Seattle software developer Lockstep August 16, 2022 THE SAGE Group, the UK’s largest tech company, has acquired Seattle software developer Lockstep as part of its ongoing efforts to capitalise on the fast-paced growth of cloud computing. The takeover deal will see Sage – a major developer of accounting, HR, and payroll technology – snap up accounting software company Lockstep for an undisclosed sum. [...]
Exclusive: Labour plans to tackle energy crisis lack ‘bold thinking’ argues Utilita boss August 16, 2022 Labour's efforts to tame household energy bills this winter does not provide enough support for vulnerable customers, says Utilita.
City Moves: Who’s switching jobs in the Square Mile? August 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. White & Case Global law firm White & Case has bolstered its global mergers and acquisitions (M&A) practice with a fresh partner in London. Di Yu, who joins from Slaughter and May, brings a wealth experience advising [...]
Lift our economic spirits by keeping duties and tax down on Scotch Whisky August 16, 2022 You will struggle to find another industry that is like the Scotch Whisky industry. One that’s continued to invest in the UK economy despite the lost exports, tourist visits and hospitality income during the pandemic, rising production and shipping costs, and the loss of more than half a billion pounds in revenue because of tariffs [...]
The bubble has burst for tech firms built on hype but solid businesses will keep growing August 16, 2022 As tech companies struggle to keep up with puffed up valuations, the sturdy - albeit less glamorous - firms will see long term growth.
Our health care leaders need financial acumen to start to fix the holes in the NHS August 16, 2022 We have all seen the headlines – NHS waitlists continue to grow to record levels. The latest count stands at 6.7 million, an increase of 34 per cent in just two years. Again and again, we see the problem, and many within the healthcare system and in our political institutions are at a loss about [...]
Letters: Keep your clubs to yourself August 16, 2022 [Re: Love them or hate them, private clubs are part of the City’s culture, August 12] You describe the Groucho Club as having “more than a dash of progressive ideals and sprinkling almost utopian visions” – champagne anyone? This is implicitly contrasted with the Garrick Club, which you consider should see the error of its [...]
Brits could miss out on £28k in retirement funds as workers opt out of pension schemes to save cash August 16, 2022 Brits could miss out on almost £30,000 in retirement funds after a near 30 per cent spike in workers opting out of pension schemes. With inflation nearing double digits and the UK in recession, new figures released by pension provider Penfold showed those pausing contributions could cost new entrants into the workforce up to £28,000. [...]
