IHG: Holiday Inn owner reports room revenue growth October 22, 2024 Holiday Inn owner IHG’s revenue per available room was positive over the last quarter, despite concerns over its performance. In a third quarter trading update, Intercontinental Hotels Group reported global RevPAR, a key metric for the hotel industry, of 1.5 per cent. RevPAR in the UK grew by 2.2 per cent over the quarter, above [...]
HSBC’s new boss unveils major restructuring October 22, 2024 HSBC's new boss has unveiled a sweeping overhaul of its global structure as Europe's biggest lender also appointed its first female finance chief.
Borrowing beats expectations as Rachel Reeves prepares tax rises October 22, 2024 The borrowing figures are merely the latest indication of the challenging fiscal position which the new government has inherited as the Budget approaches.
Currensea: Travel card fintech targets overseas growth after bumper summer October 22, 2024 Travel debit card start-up Currensea is targeting overseas markets for its next phase of growth after a rebound in holiday demand helped the fintech grow its user base by a third this summer.
UK investors rush to venture capital trusts ahead of Budget October 22, 2024 Two venture capital trusts (VCTs) have raised £90m in just 45 days as investors rush into the vehicles ahead of a potential hike in capital gains tax at the Budget. Capital gains tax currently sits at 20 per cent but rumours are spreading that the levy could be lifted by Rachel Reeves’s at her first [...]
‘Incredible undervaluations’: Why this boss thinks the time is right to float on AIM October 22, 2024 A new acquisition vehicle announced plans to float on AIM last week despite a barrage of warnings over its future ahead of the budget. Its boss, Iain McDonald, tells City AM why. In a letter to the City minister, Tulip Siddiq, last month, the boss of the London Stock Exchange had some stark words on [...]
As many as 20 finfluencers targeted in crackdown October 22, 2024 The Financial Conduct Authority is interviewing 20 ‘influencers’ under caution as it ramps up its scrutiny of those touting financial services products on social media. While the FCA was unable to name those targeted for an interview, it came after the regulator targeted a host of Love Island stars earlier this year for running unauthorised financial promotions. [...]
How we saved Britain’s small businesses millions in energy costs – and counting October 22, 2024 Small businesses across the UK have had to face the wrath of rising energy costs for years - and entrepreneur Joe McDonald is fed up with it.
Health minister says NHS set for technology transformation October 21, 2024 Health secretary Wes Streeting has announced plans for digital patient records which will make health data available to all NHS hospitals, GPs and ambulance services in England. It came as he launched a major consultation on the government’s plans to transform the NHS from“analogue to digital” in the next decade amid privacy fears over data [...]
Bank of England to cut interest rates to 2.75 per cent, Goldman predicts October 21, 2024 The US investment bank argued that Bank Rate would fall to as low as 2.75 per cent by November next year, whereas it had previously expected the terminal rate to be three per cent.
