Next 15 shares plummet 50 per cent after major client exits contract September 6, 2024 Shares in digital communications firm Next 15 have plummeted by 50 per cent today after the business announced one of its biggest clients would not be renewing its contract. The London-listed company, which provides B2B marketing services, said its venture building division Mach49 was set to be down £80m in revenue in its 2026 financial [...]
UK house prices: ‘Only the Autumn Budget could derail this train’ September 6, 2024 UK house prices grew at their fastest annual rate since November 2022, although analysts have already started to warn about the effects of a potentially bruising Autumn budget. Prices rose by 4.3 per cent year on year and 0.3 per cent month on month, taking the price of the average property in the UK to £292,505, [...]
Nationwide to complete £2.9bn takeover of Virgin Money after FCA and PRA approval September 6, 2024 Nationwide is to complete its £2.9bn takeover of rival Virgin Money next month after the deal was given the green light by the UK’s financial regulators. The banks said in statement issued to the London Stock Exchange that the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) have both approved [...]
Gear4music hits all the right notes to drive sales growth September 6, 2024 The online musical instrument retailer Gear4music, which saw its share price skyrocket last month after it swung back into profit, said it was on track to generate revenue of more than £150m in 2025. The London-listed company, which is headquartered in York, said at its annual general meeting today it would announce it was trading [...]
The City needs a shake-up for Britain to attract the £1trillion it needs, warns Sir Nigel Wilson September 6, 2024 The UK must unlock a wave of cash from domestic pension funds and revamp the structure of its capital markets to attract the £1 trillion of investment needed to achieve its target growth rate over the next decade, a report by a City grandee has found. The Capital Markets of Tomorrow report, led by former [...]
NFL: Chiefs three-peat, private equity and Louis Rees-Zammit September 5, 2024 The NFL returns this weekend as the American football season gets ready to dominate our London late evenings. With just 157 days until Super Bowl LIX – this season held at Caesars Superdome, New Orleans, Louisiana – all eyes will be on the Kansas City Chiefs as the look to win another title, while the [...]
HS2: Construction of Britain’s longest railway bridge completed near London September 5, 2024 High Speed Two (HS2) has completed the construction of the longest railway bridge in Britain to the north west of London. The final deck segment of the 2.1-mile long viaduct, crossing the Colne Valley in Buckinghamshire, was fixed into place on Thursday by HS2 engineers. The new bridge breaks a 140-year record held by the [...]
Water: Tougher regulation will attract ‘global investment’, Steve Reed claims September 5, 2024 Steve Reed has claimed that toughening up water regulation will “attract global investment” to rebuild the UK’s sewage and pipeline infrastructure. The environment secretary today insisted his efforts to reform the under-fire industry—including the threat of prison time for rogue water bosses—would create “growth and opportunity.” It comes after Reed unveiled the Water (Special Measures) [...]
Commute and save with Shared Ownership homes in the home counties and the coast September 5, 2024 With an exciting collection of new homes available through Shared Ownership in the Home Counties, the coast and throughout the UK, at Places for People we have apartments and houses designed to suit everyone. Due to higher property prices in central London, you can find a wider selection of new homes with a lower market [...]
‘Madness’: Sky News moves Ian King Live out of Square Mile September 5, 2024 Sky News’ flagship business programme, Ian King Live, has left its iconic Square Mile address, relocating to Sky Group’s headquarters in Osterley, City A.M. has learned. The channel initially moved its business operations to 10 Fleet Place in September 2019, where it shared a studio with sister channel CNBC Europe. However, according to correspondence seen [...]