Burberry’s fall out of the FTSE 100 is about much more than a challenging market August 30, 2024 Burberry is set to drop out of the FTSE 100 in its quarterly reshuffle, which will be based on market caps as of 2 September. It’s an unfortunate if not surprising turn of events for the UK’s only luxury fashion brand, which has seen its share price drop nearly 75 per cent in the last [...]
Reeves urged to soften private equity tax raid over fears of City exodus August 30, 2024 City groups are mounting a final call for the Chancellor to temper a tax raid on private equity fund managers amid fears of an exodus of dealmakers from London. Rachel Reeves’s Treasury has been consulting on plans to lift the levy on carried interest, the personal profits that fund managers make on the sale of [...]
TAG: Travel agent to Lady Gaga, Jay-Z and Foo Fighters books record sales ahead of £100m takeover August 30, 2024 Travel agent to stars including Lady Gaga, Jay-Z and Foo Fighters, The Appointment Group (TAG) saw its sales jump ahead of its £100m takeover earlier this year, according to newly-filed documents. The British company, which organises the tour itineraries of some of the world’s most high-profile musicians, saw its turnover increase to a record £54.1m [...]
British firm Filtronic scores another multi-million contract with Elon Musk’s SpaceX August 30, 2024 Microwave technology firm Filtronic has scored another multi-million-pound contract with Elon Musk’s SpaceX, it revealed today. The London-listed company, which is headquartered in Leeds and supplies products to the aerospace, defence, space and telecoms infrastructure sectors, said the $8.4m (£6.4m) production order from the satellite internet company was a positive sign that demand remained high for [...]
Biotech firm Reneuron becomes latest to quit AIM as it battles for survival August 30, 2024 Biotech firm Reneuron Group has become the latest company to exit from the London Stock Exchange’s AIM as it continues to fight for its life after entering administration. The Welsh company, which was first floated on London’s junior market in 2005, said it did not believe it would be able to raise enough funds to [...]
House prices dip unexpectedly as interest rates continue to dampen demand August 30, 2024 House prices dipped unexpectedly for the first time since April this month, but a closely watched survey today suggests that the outlook for the property market is likely to strengthen as interest rates are reined in. In its closely watched house price index today, mortgage lender Nationwide said British house prices slipped by 0.2 per [...]
Home REIT offloads more houses in scramble to pay off debts August 30, 2024 Scandal-stricken property investor Home REIT has offloaded another chunk of its housing portfolio this week as it scrambles to raise cash and pay off its debts before winding down. In a statement to the market today, the former FTSE 250 firm, set up in 2020 to house the homeless, said it had sold off 101 [...]
Naked Wines boss ‘excited about the future’ as the company goes ‘back to basics’ August 30, 2024 Over the last year, Naked Wines has undergone a painful restructuring process, with measures to reduce costs, stock, and advertising spending in what it called a “pivot to profit.” In December 2023, the company warned that it might not be able to pay its debts if it didn’t manage to make a turnaround work. Now, [...]
Take Pilates to new heights on a London rooftop pool August 30, 2024 Get ready to float and flex as London's first Pooltop Pilates class rolls into the city, led by CLM Pilates.
UK business confidence steady at almost nine-year high in August August 30, 2024 UK business confidence remained at an almost nine-year high in August, a closely-watched survey has suggested, in a positive sign for the country's economic prospects.
