PRS REIT faces investor rebellion to topple chair August 29, 2024 Investment trust PRS REIT is facing a significant shareholder rebellion, which is attempting to oust its chair and change the direction of the property investor. Investors including Waverton Investment Management and CCLA Investment Management, representing 17.3 per cent of shareholders, have requested an extraordinary general meeting to vote on a slew of measures. These include [...]
Outdoor pub smoking ban would cause ‘serious economic harm’ to UK hospitality August 29, 2024 A possible smoking ban in outdoor spaces of pubs, bars and restaurants in the UK is likely to do more harm than good, leading trade figures have warned. The ban would make it illegal to smoke in pubs, outdoor restaurants and open-air spaces in nightclubs, according to leaked documents seen by The Sun, in a [...]
Future of Rosebank in doubt as UK drops challenge to judicial review August 29, 2024 The future of Britain’s largest untapped oil field, Rosebank, has been thrown in to doubt after the new government said it would not challenge a judicial review. The decision affects the field which is just off the Shetland Islands, as well as Jackdaw, another untapped site 150 miles east of Aberdeen. Legal challenges against the [...]
Octopus Group founder: Financial services is still the least trusted industry in the world August 29, 2024 Every week, Charlie Conchie sits down with the biggest movers and shakers in financial services, tech and fintech. This week, it's Octopus Group co-founder and CEO Simon Rogerson
HSBC reveals senior management shake-up under new boss August 29, 2024 HSBC has announced the departure of three top executives as part of sweeping changes to the bank's management ahead of its new chief executive taking over next week.
Frenkel Topping warns of lower earnings in second half August 29, 2024 Frenkel Topping, the specialist professional services firm, has reported a rise in revenue in the first half of the year but warned that earnings are trading behind management’s expectations. In the six months ended 30 June 2024, Frenkel Topping posted £17.9m in revenue, a 12 per cent increase on the previous year’s £16m. Its gross profit also jumped five [...]
Bupa launches ‘Netflix style’ private GP subscription service August 29, 2024 British health insurance provider Bupa has launched a new subscription-based GP service as the healthcare industry increasingly shifts towards on-demand services. For under £20 a month, subscribers gain access to same-day GP appointments, prescription deliveries and round-the-clock support through a dedicated ‘healthline’. The launch comes on the back of a Bupa survey highlighting the growing [...]
Close Brothers shares jump as RBC sees ‘a number of potential catalysts’ August 29, 2024 Shares in Close Brothers jumped on Thursday after RBC upgraded its recommendation on the lender's stock, which has been dragged down by its exposure to a City watchdog review into unfair car loans.
Essensys shares shoot up as flexible workspace software provider beats estimates August 29, 2024 Shares in software platform essensys climbed as much as 20 per cent on Thursday morning after it said it expected to report revenue, earnings and cash flow ahead of market expectations in its full year results. Essensys, which provides software and technology to the flexible workspace industry, has projected revenue of £24m and an adjusted [...]
Nvidia shares slump despite company’s record-breaking revenue August 29, 2024 Nvidia shares are down over eight per cent in after hours trading even after it smashed its forecasts and posted record revenue. Revenue for the second quarter hit a new record of $30bn (£22.7bn), up 15 per cent from the first quarter and up 122 per cent from the previous year ago. Nvidia also posted [...]
