Barclays and Aviva help raise £250m to support female entrepreneurs November 25, 2024 The Invest in Women Taskforce has secured over £250m from investors, including Barclays, Morgan Stanley and Aviva, to fund the support of female entrepreneurs. The Taskforce was set up to boost investment in female-led companies and improve access to funding for entrepreneurs. The £250m fund, which was announced today, will be deployed via female investment [...]
Shoppers warned to be wary of social media scams this Black Friday November 24, 2024 Fraud is set to reach an all-time high this Black Friday, with online social media scams the most likely place for fraud to occur, according to new data. UK shoppers are expected to spend £9.14bn over the four-day Black Friday weekend – a 4.5 per cent increase on last year, according to Globaldata. But fraud [...]
Gerry Grimstone: ‘Climate change is the best investment opportunity since the Industrial Revolution’ November 14, 2024 Former investment minister and chairman of Gemcorp Capital, Gerry Grimstone, speaks to Eliot Wilson about the transformative potential of net zero and why private capital is indispensable to growth Gerry Grimstone, who turned 75 this summer, is steeped in private enterprise. He was a director of the venerable London investment house Schroders, chairman of Standard [...]
St James’s Place continues exec shakeup with new chief risk officer November 12, 2024 St James’s Place has continued its shakeup of senior staff with a new chief risk officer as Britain’s biggest wealth manager works to rebuild credibility. Chief risk officer Mark Sutton, who had worked at the firm for the last seven years, represents the third executive to depart in just over a year. A St James’s [...]
The Notebook: Retail investing lessons from some of Britain’s top performers November 12, 2024 Looking to diversify your portfolio? Interactive Investor's Camilla Esmund lays out her no-nonsense guide to retail investing in today's Notebook.
Iwoca: Fintech lender secures £200m debt to support larger SMEs November 11, 2024 Small business lender Iwoca has secured £200m of debt funding as the fintech looks to grow its market share through bigger loans.
Europe’s banks brace for tougher competition under Trump 2.0 November 9, 2024 Since early 2010, European banking shares have fallen ten per cent, while US lenders have more than tripled.
Sainsbury’s: FTSE 100 retailer warns Reeves’ budget may push up food prices November 7, 2024 Chief executive of Sainsbury’s Simon Roberts has warned that Reeves’ decision to increase employer’s national insurance contributions (NICs) by 1.2 per cent to 15 per cent next April could lead to price inflation. Sainsbury’s has estimated the cost of the change at £140m, according to the Guardian. “This industry operates on very low margins, and there just [...]
One Stop sales jump at Tesco-owned convenience store chain November 7, 2024 Sales at convenience store chain One Stop, which is owned by Tesco, jumped to almost £1.3bn during its latest financial year. The Walsall-headquartered business has posted a revenue of £1.29bn for the 12 months to 24 February, 2024, up from the £1.17bn it achieved in the prior year. Newly-filed accounts with Companies House have also [...]
Trump and Tesla shares soar as Republicans secure victory November 6, 2024 Shares in Trump Media & Technology Group and Tesla soared in early trading on Wednesday as investors rallied behind stocks associated with newly elected US President Donald Trump and one of his key backers, Elon Musk. Trump Media & Technology Group (TMTG), owner of the Truth Social platform, spiked as much as 35 per cent [...]