Tory leadership: Tom Tugendhat lays into ‘overregulation’ as he launches campaign September 3, 2024 Tory leadership contender Tom Tugendhat launched a broadside against overregulation warning it has “drained the pools of capital” as he set out his bid to lead the party. The former security minister vowed to lead a “Conservative revolution” while setting out his stall in a pitch to MPs and members at the Royal Horseguards Hotel [...]
Admissions to private hospitals hit record amid NHS crisis September 3, 2024 The number of admissions to private hospitals reached a record high in the first quarter of 2024 as the NHS crisis has pushed more Brits away from the service. There were 238,000 admissions to private hospitals in the first quarter, up six per cent on 2023 and the highest number on record, according to data [...]
City deals advisers gear up for rebound after election pushed M&A to four year low September 3, 2024 The City’s deals advisers are gearing up for a rebound in activity in the closing months of the year after election uncertainty pushed mergers and acquisitions (M&A) to a four-year low in June, according to fresh figures today. The value of total deals involving UK firms, as either targets or buyers, slumped to £11.8bn in [...]
How retailers like ASOS, H&M and Zara are fighting back against ‘serial’ returns September 3, 2024 ASOS has become the latest retailer to change their returns policy as firms increasingly try to fight back on costly high-frequency takebacks – as well as outright fraud. In an email to its premier and non-premier members, the popular fashion giant shared that it would be updating its Fair Use Policy foe “select customers” in [...]
Lack of wind dents profit at one of EDF’s biggest UK windfarms September 3, 2024 A lack of wind has dented profit at EDF’s Dorenell Windfarm in Scotland, with turnover dropping by more than £20m in 2023, according to newly-filed documents. Dorenell Windfarm, a 59-turbine site south of Dufftown with the capacity to power more than 106,000 UK homes, saw its turnover slump to £56m during the 12 months, down [...]
Legal & General upsizes with lease for City HQ in new Woolgate building September 3, 2024 Legal & General has signed a 15-year lease to move its headquarters to Woolgate, a new building set to open on Coleman Street. The move will see Legal & General hopping just down the road, from One Coleman Street to 10 Coleman Street. It will also be a slight upsizing for Legal & General, going [...]
Inspiration Healthcare reports steady revenue following acquisition September 3, 2024 Inspiration Healthcare has reported revenue of £17m in the first six months of its financial year, driven by significant growth in its infusion therapies products division, it said today. The London-listed firm, which is headquartered in Croydon, said its revenue was in line with management expectations in the six months ending July 31, 2024, boosted [...]
Pound’s rally fades ahead of crucial US jobs data September 3, 2024 The pound’s stunning rally has stalled as traders look for direction amid a quiet week in the data calendar for the UK. Sterling was trading 0.2 per cent lower against the dollar at around $1.311 having lost over one per cent against the greenback in the past five days. The dollar has been trading around [...]
Hallgarten and Novum Wines gearing up for hiring spree following buyout September 3, 2024 Hallgarten and Novum Wines is gearing up for a hiring spree after the family that owned the business for more than 50 years sold up to the fine wine trader Coterie. The Luton-headquartered wine importer, which had been owned by the Pieroth family since 1972, said it would launch a recruitment drive later this year [...]
Ryanair and Wizz Air smash passenger records as summer travel demand booms September 3, 2024 Low-cost rivals Ryanair and Wizz Air reported record passenger numbers in August as travel demand booms in the peak summer period.
