Labour’s agenda risks serious economic damage September 16, 2024 Labour ministers, and even large parts of the public, might not shed a tear over the loss of these remote, almost abstract, purveyors of high-end financial services, but they should.
Rightmove: Average price tag on a home jumped by almost £3,000 in September September 16, 2024 The average price tag on a home jumped by nearly £3,000 in September, according to a property website. Across Britain, the typical price being asked for a home coming onto the market increased by 0.8 per cent or £2,974 to reach £370,759. September usually sees a month-on-month price jump, but this year’s increase of 0.8 [...]
‘Open for business’: Ministers head to Gulf states in bid to boost UK trade links September 16, 2024 Senior ministers are heading to the Gulf states for talks on boosting the UK’s economy via expanding trade links with the region and attracting international investment. Business secretary Jonathan Reynolds and trade minister Douglas Alexander are flying to Riyadh, Saudi Arabia, on their first joint international visit since the election, with Alexander then set to [...]
Harland & Wolff to meet with shareholders as administration risk looms September 16, 2024 Troubled shipbuilder Harland & Wolff is planning to meet with shareholders this Thursday following reports that the firm could fall into administration as soon as this week, City A.M. understands.
Titanic shipyard Harland & Wolff at crunch point as administration looms September 15, 2024 It was revealed last week Harland and Wolff may be on the brink of announcing its adminsitration, with a number of bidders circling.
UK will become less attractive for firms if workers’ rights reforms are passed, CBI survey finds September 15, 2024 The UK is likely to become a less attractive place to do business in the coming years if Labour’s workers’ rights reforms are implemented in their current form, a new survey has suggested. Some 62 per cent of respondents to a survey by the Confederation of British Industry (CBI) survey and recruiters Pertemps said they [...]
Natwest chair says he ‘deeply regrets’ time at Petrosaudi after £1.3bn ‘scam of the century’ September 15, 2024 Natwest chairman Rick Haythornthwaite has expressed his regret and sadness for his role at the UK arm of oil company Petrosaudi, which was involved in a £1.37bn “scam of the century” against Malaysia’s sovereign wealth fund. Haythornthwaite said he took the role “in good faith” without knowing the existence of the fraud, which channelled money [...]
Activist investors call for shake-up at Rentokil after share price tumble September 15, 2024 Nelson Peltz’s activist hedge fund Trian Partners is among the shareholders reportedly calling for a shake-up at pest control firm Rentokil after a severe drop in its share price. Trian Partners, which has built a fearsome reputation for waging activist campaigns on global boardrooms, has held urgent meetings with Rentokil’s chief executive and chairman to [...]
Thames Water in talks over £3.3bn emergency fundraising deal September 15, 2024 Thames Water has been in contact with Brookfield Infrastructure Partners and Global Infrastructure Partners about a £3.3bn emergency fundraising deal to help pay off some of the struggling utility’s large debt pile, according to reports. The firm, which is the largest of Britain’s privatised regional monopolies, has set itself a deadline of early November to [...]
Donated clothes helped Starmer’s ‘look their best’, Lammy claims September 15, 2024 Donated clothes given to Prime Minister Sir Keir Starmer and his wife Victoria were to help them “look their best” to represent the UK, David Lammy has argued. Speaking to the BBC, the foreign secretary said in countries like the US, leaders “have a huge budget paid for by the taxpayer so that they look [...]
