Billionaire Renishaw co-founder Sir David McMurtry dies December 9, 2024 The billionaire co-founder of engineering giant Renishaw has died at the age of 84, it has been announced. Sir David McMurtry founded the Wotton-under-Edge-based company with his former colleague John Deer in 1973 and took it public ten years later. Sir David was awarded a CBE in 1994 and was knighted in 2001. He stepped [...]
Who killed the Gif? How the dancing banana split December 9, 2024 In a 2021 Twitter (now ‘X’) post, US journalist Jenny Zhang wrote, “Any time I see someone use a reaction gif I immediately know they are above the age of 33”. The replies to the post featured a mix of indignation and applause, but Jenny had a point. Once the quick and easy reaction to [...]
‘It’s about confronting death’: The people paying authors to write their life story December 9, 2024 How do you want to be remembered? It’s a question humans have asked since time began, but have you ever paused to think about it – I mean really think about it? Who do you want to be remembered as, which stories do you want your grandchildren to hear? When you’re dead and gone and [...]
Team GB star tipped to end 20-year wait at Sports Personality of the Year December 9, 2024 Olympic 800m champion Keely Hodgkinson is tipped to become the first female track and field athlete to win BBC Sports Personality of the Year for two decades after the shortlist was announced on Monday. Team GB’s golden girl of middle distance running is the odds-on favourite with bookmakers to claim the prize, which is decided [...]
Lendinvest inches closer to profit as fintech eyes housebuilding boost December 9, 2024 Lendinvest is nearing a return to profitability as the property fintech eyes a boost from the new government’s housebuilding plans. The London-listed firm reported a pre-tax loss of £1.7m for the six months to 30 September, 2024, compared to a £15.7m loss during the same period last year. Lendinvest’s bottom line was helped by a [...]
Wembley Park developer loses over £700m December 9, 2024 The company behind the transformation of Wembley Park in London lost more than £700m during its latest financial year, it has been revealed. Quintain has reported a pre-tax loss of £721.7m for 2023, delayed accounts just filed with Companies House show. The loss comes after the business reported a pre-tax profit of £139.7m in 2022. [...]
Former HSBC banker to lead Australian lender ANZ December 9, 2024 Australian bank ANZ has appointed former HSBC banker Nuno Matos as its next chief executive after he missed out on the same position at the London-based lender this summer. Matos is set to join the Melbourne-based bank in July 2025 and replace Shayne Elliott, who is retiring from ANZ after nine years at the helm. [...]
OakNorth boss says ‘wealth creators’ leaving UK over tax hikes December 9, 2024 The co-founder and chief executive of challenger bank OakNorth has warned that “wealth creators” are fleeing the UK over tax hikes as he accused the new government of falling short on entrepreneurship. Rishi Khosla, whose start-up bank has lent more than £10bn to businesses since launching in 2015, told City AM that “even when you [...]
Inside one fund’s £20,000 bet against Fundsmith December 9, 2024 Mark Ellis, manager of the Nutshell Growth fund, is on the brink of winning £20,000 for his boss in an unusual way. Ellis spoke to City AM following the news that City grandee Michael Spencer had become chair of his firm, Nutshell Asset Management, while upping his stake in the business from 25 per cent [...]
The markets in 2025 December 9, 2024 Market forces are likely to continue to change into next year and dealmakers need to be ready, says Merlin Piscitelli With elevated wage costs and tax changes, business sentiment has sunk to an all-time low, following the Autumn Budget. But while confidence in growth under a Labour government appears weak, one industry that is booming is mergers [...]