Mrs Doubtfire musical on song for West End’s Shaftsbury Theatre October 8, 2024 The success of West End musical Mrs Doubtfire has helped boost the finances of the firm behind London’s Shaftsbury Theatre. The business behind the venue has reported a turnover of £26.2m for 2023, up from the £17m it achieved in 2022. Newly-filed accounts with Companies House also show its pre-tax profit jumped from £1m to [...]
Mcvitie’s white chocolate digestives help boost biscuit giant’s profit by £130m October 8, 2024 The introduction of white chocolate digestives helped boost the owner of biscuit giant Mcvitie’s by almost £130m during its latest financial year. Pladis Foods has reported a pre-tax profit of £131.3m for 2023, up from the £2.8m it posted for 2022. Newly-filed accounts with Companies House also show its revenue increased from £2.54bn to £2.75bn [...]
Rachel Reeves promises to ‘revolutionise’ UK capital markets and boost London listings October 8, 2024 Ministers and regulators have made urgent efforts to inject more life into Britain's capital markets amid a dearth of IPO activity and heavy outflows from UK equity funds.
Brooks Macdonald buys financial advisor amid takeover rumours October 8, 2024 Brooks Macdonald has bought independent financial advisor LIFT in a deal worth up to £45m, as takeover rumours swirl around the group. LIFT has £1.6bn in assets under advice, with £600m of this being funds under management. The firm is headquartered in Greater Manchester, with offices in London and Edinburgh, and has around 1,400 clients, [...]
London Underground: Tube strikes loom as workers to vote on walk-outs October 8, 2024 London Underground workers are being balloted on Tube strikes over pay and conditions amid a dispute with Transport for London (TfL). Members of the Transport Salaried Staffs Association (TSSA) in jobs including customer service and advising passengers in stations are being asked if they want to strike. The ballot closes on 18 October and also [...]
Why Uber chief thinks electric cars are ‘just plain better’ October 8, 2024 Electric vehicles (EVs) are “just plain better”, the chief executive of Uber has claimed, as the ride-hailing app giant detailed plans to doubling down on accelerating to be fully electric in the UK. Dara Khosrowshahi made the comments as he spoke at Uber’s annual green event at the Science Museum in London on Tuesday. The [...]
Literacy Capital swaps charity donations for private equity fees October 8, 2024 Private equity investment trust Literacy Capital is cutting down on its mission of paying out charitable donations, while upping the fee paid out to management. The only investment trust set up with a charitable objective, it has given £10m to literacy charities in the UK since it was created in 2017. Now, the trust will [...]
Leeds landmark sold for almost £80m in city’s biggest deal for over five years October 8, 2024 A landmark building in the heart of Leeds’ financial district has been sold for almost £80m in the city’s largest office deal for more than five years. Ashtrom Properties UK has acquired Central Square, which is home to the likes of M&S, PwC an Sky, for £78m. Central Square comprises 217,249 sq ft of office [...]
Trading 212 continues come down after ‘exponential growth’ October 8, 2024 Profit at Trading 212 continued to decline in 2023 after the investing platform’s “exponential growth” in previous years, it has been revealed. The London-based company has reported a pre-tax profit of £32m for its latest financial year, down from the £40.5m it achieved in 2022. The latest total comes after Trading 212 posted a pre-tax [...]
ESG management platform FuturePlus closes £2.7M Seed raise October 8, 2024 The Sustainability Group, developers of sustainability management and ESG reporting platform FuturePlus (add Hyperlink: https://www.future-plus.co.uk/), has closed its latest round. Overfunding in this round, The Sustainability Group secured a 5x increase in its valuation in just under 3 years, taking its total investment to £2.7 million to date. The Sustainability Group will invest the funds [...]