Harley-Davidson: Iconic motorbike brand riding high as profit surges despite sales slump August 15, 2024 The UK arm of the iconic motorbike brand Harley-Davidson has seen its profit surge despite a dip in revenue, thanks to a reduction in its production costs, according to newly-filed documents. The US brand, which runs its UK division from its headquarters in Oxfordshire, saw its pre-tax profit soar to €31m (£26m) in 2023, up [...]
Prime London property bounces back after election despite tax uncertainty August 15, 2024 Buyers have returned to prime London properties after the election despite uncertainty around the government’s position on tax changes, new data shows. Sales in July were at their highest on a year-to-date monthly basis, although the average price of a property fell by five per cent on an annual basis, LonRes has found. The number [...]
Met Police ‘inadequate’ at managing risk of sex offenders August 15, 2024 The Met Police is not managing the risks posed by registered sex offenders and online child abusers “effectively”, a report from the police inspectorate has found. It also found the force’s crime investigations also suffer from “inconsistent decision-making” and arguments, with inexperienced officers trying to manage more than 25 crimes at once. His Majesty’s Inspectorate [...]
Which stocks are Warren Buffett, Michael Burry and Bill Ackman buying? August 15, 2024 A raft of the biggest US investors, like Warren Buffett, the Big Short’s Michael Burry, and Bill Ackman have disclosed which stocks they’ve bought and sold over the last three months. The holdings were revealed in 13-F filings last night, which all US funds worth over $100m have to file with the Securities and Exchange [...]
Workers rights: Ministers meet unions but warned on ‘unintended consequences’ of reform August 15, 2024 Unions and employers have met with the government to discuss new plans for workers rights but it comes as ministers are warned against “unintended consequences” of reforms. Deputy Prime Minister Angela Rayner and business secretary Jonathan Reynolds met unions and businesses on Wednesday to kick-start Labour’s work on employment rights. Rayner hailed the meeting as [...]
UK water firms could face £2bn in fines over next five years, Moody’s warns August 15, 2024 UK water companies could be hit with a total of roughly £2bn in fines over the next five years, Moody's has estimated, warning that more demanding proposals from the industry regulator increase risk in the sector.
Monzo celebrates fourth year on top of bank satisfaction rankings August 15, 2024 Monzo has once again taken first place in an official league table measuring whether customers would recommend their bank to friends and family, with the firm marking four years in the top spot. The digital-only bank, founded in 2015, has topped the Competition and Markets Authority’s (CMA) biannual current account satisfaction ranking since August 2020, [...]
Designmynight founders raise £5m for new tech venture August 15, 2024 The founders of hospitality booking platform Designmynight have raised $6.35m (£4.9m) for their new tech venture. Nick Telson-Sillett and Andrew Webster, who scaled Designmynight and sold it for £25m in 2017, have raised the capital for new digital sales platform Trumpet, alongside co-founder and chief executive Rory Sadler. The seed funding round led by London-based AlbionVC, which [...]
Amazon cleared for take-off as delivery drones to be tested in the UK August 15, 2024 The use of Amazon delivery drones in the UK will be tested by the Civil Aviation Authority (CAA), in its latest move to modernise UK airspace. The CAA will test machines which fly out of the human controller’s line of sight, a move which is likely to get the ball rolling on drone-delivered packages in [...]
London venture capital firm pumps cash into British AI robotics business August 15, 2024 Sure Valley Ventures, a London-listed investment firm which specialises in helping early-stage software companies to scale up, is set to expand its AI robotics portfolio with two new investments worth more than £2m. The venture capital firm led a £2m funding round for PHINXT Robotics, an AI-led robotics company that creates software to allow warehouse [...]
