Bain & Co weighs up legal action against UK government over contract ban August 5, 2022 Bain & Co is considering taking legal action against the UK government after Britain banned the US consultancy from competing for contracts over its role in alleged “state capture and corruption by the South African government”. The US consultancy is considering “all options” including launching a judicial review, in a bid to overturn the UK [...]
London Stock Exchange Group says costs for integrating Refinitv after £22bn takeover unchanged August 5, 2022 The London Stock Exchange Group has said costs for the integration of its $27bn (£22.2bn) takeover of data firm Refinitiv remain unchanged. In interim results, the company also announced it was launching a £750m share buy-back programme. “We are managing costs well and we continue to make progress on achievement of synergies,” the group’s chief [...]
Higher revenues and customer retention a treat for Pets at Home August 5, 2022 Pets at Home announces higher revenues and greater customer retention in its financial year statement for 2023’s first quarter. The pet supplies company expects revenue to rise to £404.7m, with its customer base expanding. The company expects retention of 1.1m customers gained last year. The company’s balance sheet has net cash of £40.2m and a [...]
Menzies cancels share listing as Agility takeover goes ahead August 5, 2022 Edinburgh headquartered aviation firm John Menzies has cancelled plans to list more of its shares on the London Stock Exchange. The cancellation comes after the aviation struck a deal with Bidco, a subsidiary of Kuwaiti logistics company Agility, through which it agreed to buy the newly issued shares. The agreement comes after Menzies’ board in [...]
Exclusive Q&A: Ramboll on hydrogen’s role in the UK energy sector August 5, 2022 City A.M. sits down with John Mullen, UK Energy Market Director at Ramboll to discuss the viability of domestic hydrogen production.
Tough markets offset growth in Hargreaves Lansdown’s business August 5, 2022 Hargreaves Lansdown today said “difficult” market conditions in the first half of 2022 have halted its growth trajectory in causing the value of the assets administers to drop 9 per cent to £123.8bn. The Bristol headquartered company said major downturns in the FTSE, Nasdaq, and S&P 500 offset £5.5bn worth of new business in [...]
Advertising titan WPP lifts net sales forecast August 5, 2022 The world’s biggest advertising group, WPP, has hiked its full-year net sales outlook, anticipating buoyant spending by clients. The London-listed firm said it now anticipates net sales to grow six to seven per cent in 2022, on a like for like basis. This was an adjustment upwards from a previous forecast of 5.5-6.5 per cent. [...]
Starmer in breach of MPs code of conduct by not declaring gifts and land sale August 5, 2022 Sir Keir Starmer has been found to have breached the MPs’ code of conduct by failing to register on time eight interests, including gifts from football teams and the sale of a plot of land. An inquiry into the Labour leader was opened in June by the Parliamentary Standards Commissioner, relating to claims about late [...]
Truss and Sunak must put future food affordability before farmers’ votes August 5, 2022 As the Tory leadership race drags on, promises and policies of all kinds have been thrown at us, served with a side of U-turns reminiscent of the very same Johnson government both contenders used to be a part of. While Sunak had a change of heart on VAT and energy bills last week, Truss embarrassed [...]
A surge in freelancers has redefined flexible labour more than staff working from home August 5, 2022 The word flexibility is now unfailingly associated with remote and hybrid working, when really it means so much more when it comes to employment. Whether removing the commute, more family time or greater control over working hours, it boils down to independence. Pandemic restrictions gave the working population a taste of this independence. But the [...]
