‘Recession may have begun’: UK economy craters 0.5 per cent in July September 13, 2023 Data from the Office for National Statistics (ONS) showed that the economy contracted 0.5 per cent in July. Economists had predicted a smaller fall of 0.2 per cent.
Unemployment up and wage growth still hot: New figures to spook Bank of England September 12, 2023 Unemployment has crept up whilst wage growth remains hot - creating problems for the Bank of England
DX delivery group gets £293m bid from US private equity firm HIG September 11, 2023 Delivery company DX Group said on Monday that it has been courted with an approximately £293m offer from a US private equity giant.
Labour market beginning to slow in boost for Bank of England September 11, 2023 The labour market is beginning to slow down as rising interest rates take their toll on hiring activity, new data out today shows.
AI companies should to be allowed to build quickly, and we need to let them get on with it September 10, 2023 Dr Chris Kacher urges the world to set aside concerns and embrace a future inevitably laced with artificial intelligence.
Revealed: The biggest overpayments and best deals of the football transfer window September 1, 2023 Chelsea overpaid by £34m when they made Moises Caicedo the most expensive transfer in Premier League football history, according to independent research. The Blues agreed to pay an initial £100m, rising to a possible £115m, for Caicedo after winning a bidding war with Liverpool for the Brighton midfielder this summer. But Football Benchmark, an industry [...]
Effectively Demonstrating Sustainability Ambitions Key To Unlocking More Successful M&A Deals August 29, 2023 According to a new M&A survey from KPMG, 53% of participants reported that ESG findings have resulted in deal cancellations and 42% in purchase price reductions. The report also discovered that almost two thirds of investors would pay a premium for companies aligned with their ESG priorities. The challenges faced by professionals include:Lack of robust [...]
Consumer confidence shows ‘renewed optimism’ against falling core inflation August 25, 2023 Consumer confidence is showing “renewed optimism” against a backdrop of falling core inflation, figures suggest. GfK’s long-running Consumer Confidence Index improved five points in August, with all measures reversing the drop seen in July, although it remains firmly in negative territory at minus 25. Confidence in the general economic situation for the next 12 months [...]
Tax-saving venture capital trusts buck start-up investment slump August 23, 2023 Venture Capital Trusts which allow savers to make tax-savvy early-stage investments have bucked a funding slowdown this year and boosted the amount of cash they are pushing into start-ups.
Investors worth $10tn shun ‘overvalued’ venture capital funds August 22, 2023 Top investors with more than $10tn in assets under management have said they will shun venture capital funds in the year ahead in a worrying signal as the UK tries to get more cash flowing from big investors into start-ups. In a new survey of 178 top institutional investors by Preqin, some 68 per cent [...]