Moneyfarm: Acquisitions and swelling client base help wealth manager’s assets surpass £4bn September 25, 2024 Digital wealth manager Moneyfarm has reported a jump in assets for the first half of 2024, helped by acquisitions and a swelling client base.
Andrews Sykes: Profit dips at air conditioning supplier after cool summer trading September 25, 2024 Andrew Sykes said revenue for the six months ended 30 June came in at £38.4m, down from £38.8m the year prior.
Which taxes will Labour hike in the October Budget? September 25, 2024 Kier Starmer has said that those with the "broadest shoulders should bear the heavier burden". So where will Starmer and Reeves turn to raise some extra cash?
Huawei: Chinese firm reduced to a shadow of former size as UK restrictions bite September 25, 2024 Turnover at the UK arm of Chinese telecommunications giant Huawei has been slashed by more than £1bn since 2019 as the impact of UK and US restrictions bite. The London-headquartered business has reported a turnover of £229.56m for 2023, down from the £359m it posted in 2022. The latest figure comes after Huawei’s turnover totalled [...]
Rightmove shuns ‘unattractive’ £6.1bn offer from REA September 25, 2024 Rightmove has rebuffed Australian property group REA’s £6.1bn takeover bid, saying it still undervalues the company. On Monday, Rupert Murdoch-owned REA sweetened its offer for the British property portal, just days after it had raised it for the second time to £5.9bn. Rightmove said today its board unanimously rejected the bid on Tuesday. It considered the [...]
On the Beach hails record booking haul after summer travel boom September 25, 2024 On the Beach told markets the performance had been "underpinned" by 13 per cent volume growth over the peak summer trading period.
Gladiator II and Wicked set to drive winter boost for Everyman Cinemas September 25, 2024 Luxe cinema group Everyman Cinemas has reported a jump in revenue and earnings as it eyes a slate of big-ticket blockbusters over the next few months. The company reported revenue of £46.9m in its interim results, up from £38.3m in the same period last year, as the number of Brits heading to its cinema sofas [...]
The ultra rich exodus has made an exit tax tempting. Would it work? September 25, 2024 Millionaires are leaving the UK in record numbers, prompting the Resolution Foundation, an influential left-wing think tank, to propose an exit tax.
Hurry up HS2, the diggers are coming September 25, 2024 Two tunnel boring machines, needed to drill a 4.5 mile tunnel between West London and Euston, will be delivered from Germany next month.
City’s office market returned to pre-Covid levels in 2023 September 25, 2024 According to research firm JLL, £6.3bn was invested in London in the first half of 2024, 13 per cent ahead of the same period last year, but still comfortably below the 10-year average. However, the City itself appears particularly attractive for investment, with leasing volumes increasing year-on-year, helping activity return to pre-Covid levels in 2023. [...]