Brooks Macdonald blames Budget speculation for poor performance October 16, 2024 Wealth manager Brooks Macdonald has blamed uncertainty around the upcoming Budget for investors pulling £100m from its business over the last three months. In a quarterly trading update today, the London-listed money manager revealed that investors had pulled a total of 0.7 per cent of their assets over the most recent quarter, thanks to a [...]
Marston’s ditches brewing and switches to ‘pure play hospitality’ October 16, 2024 Pub group Marston’s has officially ditched brewing and announced a new strategy, which will see it focus entirely on pubs. In a vote of confidence for the UK’s hospitality sector, it will “embark on a new chapter” as a pure-play hospitality business, its chief executive Justin Platt said. “We are outlining a differentiated strategy for [...]
Just Eat: UK sales growth fails to offset falling orders October 16, 2024 Food delivery company Just Eat has posted a drop in sales as order numbers fell across all regions, but has reiterated its full year guidance. In a third quarter trading update, the London-listed company revealed its total gross transaction value (GTV) fell three per cent to €6.34bn (£5.3bn), down from 6.53bn (£5.46bn) in the year-ago [...]
Premier Inn owner Whitbread raises dividend despite slower growth October 16, 2024 Premier Inn and Beefeater owner Whitbread has raised its interim dividend and announced a share buyback despite flat revenue. The hotel and restaurant chain told markets this morning that revenue was unchanged year on year in the six months ended 29 August at £1.57bn. It has raised its interim dividend seven per cent to 36.4p [...]
Quilter inflows shoot up as platform business booms October 16, 2024 Investors poured millions into Quilter during the last quarter, with the wealth manager bringing in £1.4bn of new business over the last three months. All arms of the business saw elevated levels of cash being deposited into them by investors, pushing group assets under management and administration to a total of £116.2bn. In a trading [...]
Inflation falls below two per cent for first time since April 2021 October 16, 2024 September's inflation figures come a day after official data showed a further easing in wage growth, which bolstered bets that the Bank would cut interest rates in November.
I saw inside an AI-powered Amazon warehouse – here’s what I thought October 16, 2024 Last week, I got a behind-the-scenes look at one of Amazon’s new AI-powered warehouses, in what felt like a glimpse into the future. Inside the 3.5m square foot facility in Nashville, Tennessee, Amazon was finally unveiling the fruits of its AI strategy, revealing a fleet of new AI-powered robots and tools designed to increase efficiency [...]
Peckham Conker Championships: Inside the event that made conkers ‘cool’ October 16, 2024 Chaos and skullduggery at South East London's most charged conker club
Will carbon capture work? Nobody knows – and that’s the problem October 16, 2024 UK’s clumsy carbon capture punt is result of top down intervention – but there’s a better way, writes Paul Ormerod The government confirmed this month the funding for the UK’s first carbon capture sites. The technology, it is claimed, captures CO2 emissions before they reach the atmosphere and stores them away safely. Based on Merseyside [...]
The Notebook: Starmer should spend more time on Linkedin October 16, 2024 Sir Keir Starmer should spend more time clicking away on the world’s most insincere website, according to Michael Martins, founding partner of Overton Advisory Starmer should spend more time on LinkedIn Labour’s first successful International Investment Summit under Prime Minister Starmer yesterday has garnered all the right headlines. Tens of billions of pounds in investment [...]
