Cavendish: City investment bank warns of Budget ‘uncertainty’ October 7, 2024 Cavendish is one of the City's newest investment banks, formed by the £43m merger of Cenkos and Finncap last September.
Grainger: Higher rents and acquisitions support double-digit growth October 7, 2024 Residential property giant Grainger has reported double digit rental income growth due to high demand in the rental market and continued price increases. Rental growth for the year was 6.3 per cent, down from 7.7 per cent in 2023. The property giant noted that rents had been supported by a tight housing market, with “rapidly [...]
FTSE 100 mining giant Rio Tinto confirms interest in Arcadium Lithium October 7, 2024 The approach comes after a sharp fall in global lithium prices, partly as a result of the economic slowdown in China and sagging demand for EVs.
The Independent’s profit soars after TV and US growth October 7, 2024 British online news site The Independent has seen profits soar on the back of its success in TV and US expansion, lining it up for double-digit revenue growth in 2024. In its financial year 2023, operating profit shot up by 82 per cent to £3.5m, from £1.9m the previous year, despite flat annual revenue at [...]
EY calls for more support for female founded businesses October 7, 2024 The UK economy risks jeopardising a £7bn contribution from female-founded companies unless there is stronger support for rising women entrepreneurs, a new EY report has warned. The report identified over 240 female-founded and led UK businesses with revenues between £20m and £50m that could grow into so-called ‘superscalers’ with the right resources and backing. It [...]
How I positioned my start-up at the forefront of London’s business travel scene October 7, 2024 Entrepreneur Bobby Drewett of business travel app Ouno on his plans to shake up the industry
Meet the fund managers: Launching the new Hargreaves Lansdown Global Equity Income Fund October 7, 2024 This week on meet the fund managers, investment reporter Elliot Gulliver-Needham sat down for an exclusive chat with Tom Wells and Ziad Gergi, managers of the new Hargreaves Lansdown Global Equity Income fund. The fund blends the style and investments of three funds into one: Aegon Global Equity Income, Baillie Gifford Global Income Growth, and [...]
Is Rachel Reeves about to force pension funds to back Britain? October 7, 2024 The prospect of Rachel Reeves forcing pension funds to back British stocks is being discussed as a more serious possibility, writes Charlie Conchie As the City grandees Nicholas Lyons and Peter Harrison gathered a room of executives for a workshop at the London Stock Exchange last month, a familiar gripe was on the agenda. The [...]
UK launches world-first bank transfer fraud refund scheme October 7, 2024 As of Monday, the Payment Systems Regulator is requiring more than 1,500 banks, fintechs and other payment firms to reimburse victims of authorised push payment fraud up to a limit of £85,000 per claim.
Growing labour market slack ‘strengthens case for further rate cuts’ October 7, 2024 "A greater number of candidates and reduced demand helped to limit pay growth," the survey said.
