Slump in housebuilding casts doubt on government’s new homes pledge December 5, 2024 Tim Moore, economics director at S&P Global Market Intelligence, said housebuilding was suffering from a "sustained downturn".
Vodafone and Three: What £16.5bn merger actually means for customers and prices December 5, 2024 After an almost 18-month battle the UK’s largest ever telecoms deal – which will see Vodafone and Three complete a £16.5bn merger – has been given the green light. Described by Vodafone as a “once-in-a-generation opportunity to transform the UK’s digital infrastructure”, the deal has now satisfied the Competition and Markets Authority (CMA) enough for [...]
The Capitalist: King tickles Starmer, a French misstep and Blair’s good advice December 5, 2024 It’s the way he tells them To the ancient Guildhall in the heart of the City at the start of this week, where the new Lord Mayor Alastair King welcomed Sir Keir Starmer for the PM’s traditional foreign policy speech. The banquet is always a grand affair; white tie, no less, with judges, ambassadors, City [...]
Future: Investment plan looks set to pay off at publisher December 5, 2024 The Growth Acceleration Strategy is a two-year investment programme worth £25-30m, which was launched in December 2023.
Watches of Switzerland: US market lifts group sales December 5, 2024 Watches of Switzerland has reported an uptick in revenue growth due to growing demand in the US market despite luxury watch sales stagnating in the UK and Europe. In a trading update to markets today, the luxury watch firm said group revenue for the 26 weeks ending 27 October was up 4 per cent year-on [...]
Warpaint London to acquire fellow beauty specialist Brand Architekts December 5, 2024 Cosmetics firm Warpaint London has announced the acquisition of fellow beauty brand specialist Brand Architekts. Warpaint London, the company behind makeup brands W7 and Technic, told markets today it has reached an acquisition agreement for the entirety of issued and to be issued share capital of the Brand Architekts. The company said under the terms of [...]
Ed Warner: It’s sports awards season, so here’s my team of the year December 5, 2024 ParalympicsGB are my team of the year – they succeeded where others failed and all without the fanfare they deserved, says Ed Warner. Sports award season is upon us. This of the Year and That of the Year, on red carpets and across multiple platforms with misty eyes and banging showreels. Not a vintage year [...]
Budget to dent prime property market December 5, 2024 Measures introduced in the October Budget will weigh on the UK’s prime property market next year, with the value of prime central London (PCL) homes in line for a four per cent hit, a forecast has shown. Fresh analysis by Savills said that changes to the stamp duty charged on second homes, VAT on school [...]
Why Brits are backing cash and shunning the stock market December 5, 2024 Brits are sitting on a record amount of cash and shunning the stock market – Elliot Gulliver-Needham looks at why the UK has become a nation of savers. UK cash savings have surged to a record £2.1 trillion this month, up more than £51bn since the start of 2024, according to new data from Janus [...]
Revolut crowdfunders in line for 400 times return on investment December 5, 2024 Some of Revolut’s earliest investors are in line for 400 times returns after taking a punt on a fledgling fintech that has grown into a banking titan. The British start-up’s early backers, including participants in two crowdfunding rounds, have been offered the chance to sell down their holdings in a secondary share sale. Brokered by [...]