Group hits Shein with labour abuse dossier ahead of Select Committee January 6, 2025 Shein has been provided with a dossier of evidence alleging supply chain abuses ahead of its appearance before a Select Committee on Tuesday.
Monzo, Open AI, Revolut and Klarna: The IPOs to watch out for in 2025 January 3, 2025 While economic uncertainty prompted a cautious approach to IPOs in 2025, several high-profile companies are preparing to float in 2025. From leading fintechs such as Monzo, Revolut, and Klarna to global giants such as OpenAI and SpaceX, some of the most exciting growth companies in recent years could IPO this year. Here is a look [...]
Avoid Tesla, Intel, oil and German equities in 2025 say analysts January 3, 2025 Wall Street analysts have pencilled in strong gains for equity markets in 2025, following a robust performance in 2024. However, while analysts are optimistic about the outlook for the market as a whole, there are some assets Wall Street believes will underperform in the year ahead. Here are the four assets analysts are advising investors [...]
Lenovo UK sales near £1bn amid Huawei retreat January 2, 2025 Sales at the UK arm of Chinese technology giant Lenovo jumped closer to the £1bn mark during its latest financial year. The division has reported a turnover of £982.8m for the 12 months to 31 March, 2024, up from the £969.3m it generated in the prior year. Newly-filed accounts with Companies House also show that [...]
Thames Water to avoid state bailout, the FTSE 100 at 7900 and an ITV bid: my predictions for UK plc in 2025 January 2, 2025 Predictions may generally be a mug’s game, but looking back at my forecasts for the business world in 2024, I seem to have fared better than usual. Klarna, the buy now pay later giant, opted for a New York listing; Dame Alison Rose made a comeback in a senior private equity role; Unilever announced that [...]
How fast will the Bank of England cut interest rates in 2025? December 31, 2024 The pace at which the Bank of England cuts interest rates in 2025 will be a major focus for financial markets in 2025, just like it was in 2024.
The purposeful CEO is dead: Long live the ‘corporate diplomat’ December 31, 2024 The era of green-centric grandstanding by CEOs might be over – welcome to the age of corporate diplomacy, writes Ali Lyon It had never been more essential, Blackrock’s Larry Fink wrote in the 2022 edition of his widely-read annual letter to CEOs, for bosses “to have a clear purpose”. “Putting your company’s purpose at the [...]
How Asian stock markets are dominating the UK on IPOs December 27, 2024 Asian stock markets continued to surge in popularity in 2024, outperforming the languishing UK market in IPOs. Throughout this year, Asia has dominated on stock exchange floats, with over 600 IPOs throughout the year, more than two thirds of the 867 floats globally in 2024, according to data from Globaldata. In comparison, the UK market [...]
Honda and Nissan unveil merger plans as talks continue December 23, 2024 Honda and Nissan have signed a deal to proceed with talks to unify under a joint holding company, it has been announced.
Mark Kleinman: Boots’ dealmaker tries to formulate new potion December 19, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles buyouts at Boots, big bonuses at Natwest and Reeves’ China charm offensive Boots’ octogenarian dealmaker tries to formulate new potion If life begins at 80, then Stefano Pessina, the octogenarian pharmaceuticals [...]