PTO: Niche fund Cordillera pours £8m into triathlon March 18, 2025 The Warner Bros Discovery-backed Professional Triathletes’ Organisation (PTO), which runs the elite T100 Triathlon World Tour, has attracted a $10m (£7.7m) injection from niche US fund Cordillera Investment Partners. San Francisco-based Cordillera has $1.6bn (£1.2bn) under management and specialises in “non-correlated assets” such as whiskey, boat marinas and carbon credits. It joins broadcaster Warner Bros [...]
MHA: Watchdog opens probe over audits of folded construction firm March 18, 2025 Accountancy watchdog launched an investigation into MHA for its audit of construction company in administration
Mike Ashley-owned Frasers to cut a third of design and editorial staff March 18, 2025 Mike Ashley-owned Frasers Group may cut nearly a third of staff within its design and editorial teams, according to reports. It entered into a consultation with staff of March 7 as part of the company’s latest restructure, Retail Gazette reported. Sources told the trade publication that the redundancy process will not affect managerial roles and [...]
Adzuna falls into the red amid hiring slump March 18, 2025 Jobs website Adzuna has fallen into the red as its sales were slashed by a third after battling a “turbulent” economy and a fall in hiring activity. The London-headquartered business has reported a pre-tax loss of £276,797 for the 12 months to 30 June, 2024, after it achieved a pre-tax profit of £1.5m in the [...]
Lord Andrew Lloyd Webber’s theatre empire braced for Reeves’ tax hike March 18, 2025 Lord Andrew Lloyd Webber’s theatre empire has warned it is bracing for the “notable impact” the hike in employer’s National Insurance contributions (NICs) when it comes into force next month. Chancellor Rachel Reeves announced in her Budget in October 2024 that NICs would rise by 1.2 per cent from April to 15 per cent in [...]
SThree fees crater amid ‘challenging market conditions’ March 18, 2025 City recruiter SThree saw fees drop 15 per cent over the last quarter as the group grappled with “challenging market conditions” within the job-seeking sector. The London-listed firm, a specialist in finding roles for Science, Technology, Engineering and Mathematics fields, saw declines across every arm and region of its business, it revealed in a quarterly [...]
Old Mutual earnings spike as firm gears up to find a new boss March 18, 2025 Pan-African financial services group Old Mutual recorded headline earnings growth of 20 per cent last year as the firm gears up to find a new CEO. The London-listed group reported 14 per cent growth in adjusted headline earnings, while profit after tax climbed nine per cent in its full-year results. However, the financial services group’s stock price [...]
The City risks falling for the disturbing trend of ‘anticipatory obedience’ March 18, 2025 Jumping the gun on government rules such as DEI is a disturbing trend which the City must resist, writes Lucy McNulty.
The ringers keeping the bells swinging in the Square Mile March 18, 2025 As bell ringing faces an uncertain future, Carys Sharkey goes to meet the people keeping the tradition alive in the City One late Thursday afternoon I made my way down from Cheapside, passing the thronging pubs spilling out onto Watling Street amid the chatter and clatter of post-work drinks. I turned onto Garlick Hill to the [...]
JD Sports: Retailer partners with UFC ahead of London Fight Night March 17, 2025 UK retailer and FTSE 100 giant JD Sports has partnered with fighting organisation UFC in a deal that begins this weekend at London’s Fight Night. The Manchester-headquartered brand forms half of a European partnership, which will see it become a key partner across UFC despite it issuing a profit warning in January. JD Sports forecast [...]