Asos shares plunge as investors lose confidence March 17, 2025 Asos shares have slumped more than eight per cent in early deals this morning, extending losses recorded over the past few months as investors have lost confidence in the retailer’s turnaround plan. The e-commerce firm’s share price has dropped by a third in the last month and has fallen by half since the start of [...]
The Spring Statement is an opportunity to secure the UK’s economic future March 17, 2025 The Chancellor should prioritise pension reform, enhanced use of digital verification and attracting FDI to kick start growth in the Spring Statement, says Chris Hayward The Chancellor has vowed to kick-start the economy, and the upcoming Spring Statement will be key to making that happen. The source of growth is right here in the City, [...]
BfI Flare 2025: Everything to know as London LGBTQ film festival returns this week with mega line-up March 17, 2025 One of the world’s leading LGBTQ culture events returns to London this week as BFI Flare 2025 welcomes a host of new film-making to the capital. 34 films will receive their world premieres at BFI Flare 2025, and the films have been split into three categories: Hearts, Bodies and Minds. They herald from 41 countries [...]
Crispin Odey banned from financial industry March 17, 2025 Former hedge fund manager Crispin Odey has been fined £1.8m and banned from working in the financial services industry by the Financial Conduct Authority. The financial watchdog cited Odey’s “lack of integrity” in their decision after he attempted to escape the allegations of sexual assault he faced at his firm. Odey “deliberately sought to frustrate” [...]
Qinetiq: Shares in FTSE 250 defence firm tank March 17, 2025 Shares in Qinetiq tanked more than 20 per cent in early deals on Monday after it slashed guidance and announced plans to re-structure its US arm amid ongoing contract delays. The London-listed defence contractor said it expected a “goodwill impairment charge” of around £140m to the US business due to the market backdrop and operational [...]
‘Ominous’: UK manufacturing declines amid tax and trade fears March 17, 2025 UK manufacturing output fell during the first quarter of the year for the first time in a decade, as fears over a global trade war and rising taxes hit firms. Output fell one per cent in the first three months of 2025 after a 20 per cent rise in the quarter before, with UK orders [...]
Reeves to meet regulators as Starmer pledges to cut red tape March 17, 2025 Rachel Reeves will meet with regulators on Monday, as the government sets out to cut the cost of regulation on businesses by a quarter. The Chancellor has summoned eight regulators to Number 11 Downing Street, including the Financial Conduct Authority (FCA) and the Health and Safety Executive. Sir Keir Starmer told City AM in an [...]
Gong Cha: Bubble tea chain plans huge UK expansion and 2,000 new jobs March 17, 2025 Bubble tea chain Gong Cha has revealed plans to open more than 225 stores across the UK and create nearly 2,000 jobs after signing a franchise agreement with a Costa Coffee giant. The London-headquartered business, which was founded in Taiwan in 2006, said the deal with Jinziex forms part of its wider strategy to reach [...]
Over half of business leaders expect a recession this year March 17, 2025 Business leaders’ confidence is at a “crossroads” just weeks ahead of the Government’s tax hikes kicking in, according to fresh research. BCG’s Centre for Growth surveyed 1,500 bosses in its “State of UK Business” report and found 57 per think a recession is likely this year. This follows Friday’s release from the Office for National [...]
MHA to target retail investors in £350m London Stock Exchange IPO March 16, 2025 Accountancy firm MHA is set to launch an IPO on London's junior stock market AIM, with a plan to bring in £6m from retail investors.