Ditch ‘short-sighted’ share tax and lean on City to back National Wealth Fund, Reeves told September 9, 2024 The Chancellor should axe the “short-sighted” tax on share trading and “sponsor” a set of listed investment vehicles in order to unlock funding for the government’s investment plans, a body of investors has said today. In a call to the chancellor, the Association of Investment Companies (AIC), which represents listed investment trusts in the UK, [...]
Top hire for British luxury watch brand Christopher Ward September 9, 2024 Luxury watch brand Christopher Ward has appointed an advertising and marketing veteran as its new chief operating officer. Sarah Baumann will join the Maidenhead-headquartered brand on 23 September, having most recently been managing director of social media and influencer agency, The Wild by Jungle from February 2023 to March this year. Prior to that, she [...]
HSBC mulls merger of investment banking and commercial arms in cost-cutting drive September 9, 2024 HSBC is mulling a merger of its investment and commercial banking arms as part of a push by new chief Georges Elhedery to slash costs, according to reports. Elhedery, who took over as group CEO last week, is considering combining the lender’s global banking and markets arm with its trading and investment banking division, Bloomberg [...]
‘Game over’ for TGI Fridays’ UK owner Hostmore as shares crater almost 90 per cent September 9, 2024 TGI Fridays’ UK owner Hostmore is set to be wound down in a move that could wipe out its shareholders, after revealing it had dropped plans to buy the US restaurant chain for £177m. Shares in the London-listed company tanked by almost 90 per cent following the announcement on Monday. Hostmore, a hospitality firm which [...]
Jefferies upgrades Rightmove as REA group eyes £4.4bn takeover bid September 9, 2024 Jefferies analysts have upgraded their guidance for Rightmove as they believe Australian real estate giant REA Group will probably make a formal offer for the British property platform. Last week, Rupert Murdoch’s News Corp-backed REA said it is considering a £4.4bn cash and share offer for Rightmove, sending the latter’s shares up nearly 25 per cent. Rightmove [...]
Halfords: Shareholders voice displeasure in political donations vote September 9, 2024 Shareholders in Halfords have voiced their displeasure in a vote to authorise the retailer to make political donations. More than one in ten voted against the proposal at the Redditch-headquartered group’s annual general meeting, according to a document filed with the London Stock Exchange. The 11.91 per cent in the against column comes after 4.01 [...]
Porsche 911 S/T 2024 review: Combining the 911’s best bits September 9, 2024 Mehr-minder, literally translated as ‘more-less’, was Porsche’s official name for the M471 option package. Ticking that box back in 1970 would transform your 911 S into a lightweight, stripped-out ST, with Plexiglass windows and body panels made from aluminium, glassfibre or thinner-gauge steel. In essence, it was a road-legal racing car. Only 33 examples of [...]
Unite Students faces legal action over rats, mould and rubbish in flats September 9, 2024 Hundreds of students across the country have demanded rent refunds from the UK’s biggest accommodation provider, citing problems ranging from rat infestations to dirty flats. Flat Justice, a not-for-profit tenants’ rights group, is currently leading multiple cases against Unite Students for blocks in London, Oxford, Coventry, Liverpool and Birmingham. A spokesperson for Flat Justice said [...]
Government must sack air traffic control boss after ‘long line of cock ups,’ Ryanair’s Michael O’Leary says September 9, 2024 Thousands of passengers have had their flights cancelled at Heathrow and Gatwick Airport due to air traffic control staff shortages.
Mallory Court in Warwickshire is an outstanding retreat September 9, 2024 Mallory Court, a country estate near Leamington Spa, is the perfect weekend retreat, says Harry Owen THE WEEKEND: Founded by IT entrepreneur Sir Peter Rigby, Mallory Court is part of the Eden Hotel Collection, which also boasts Dartmoor’s five-star Bovey Castle. What was once a Manor house set deep in the Warwickshire countryside, Mallory Court [...]