Audit watchdog swaps City of London for Canary Wharf’s Harbour Exchange December 17, 2024 The Financial Reporting Council (FRC) has revealed it's swapping its City office for Harbour Exchange in Canary Wharf
Budget sparks 13 per cent jump in business insolvencies December 17, 2024 The number of business insolvencies in England and Wales rose 13 per cent in November, as the impact of the Budget continues to hit firms hard. Experts have also warned that things are not going to get better, with April’s looming Employers’ National Insurance increase leaving firms in a “perilous position”. Nearly 2,000 firms went [...]
Exclusive Neil Woodford interview: who he blames for his fund’s collapse December 17, 2024 In his first interview in years, former star manager Neil Woodford makes it clear where he believes the blame for his collapsed fund lies.
FCA sets out plans for new Pisces private stock market December 17, 2024 The Financial Conduct Authority (FCA) has set out its plans for a new private stock market system today as it looks to revive London’s flagging IPO pipeline and allow investors to more easily tap into unlisted companies. In a consultation document, the City watchdog said the new stock market system, PISCES, first tabled by the [...]
Strong wage growth kills hopes of interest rate cut December 17, 2024 Analysts have warned that strong wage growth data reported this morning has killed any chance that the Bank of England will cut interest rates later this week. While the central bank had been widely expected to hold interest rates at its Monetary Policy Committee meeting on Thursday, the decision has been cemented by wages rising [...]
Frasers Group CEO measured up for Hugo Boss board seat December 17, 2024 The chief executive of Frasers Group, Mike Ashley’s retail giant which owns the likes of Sports Direct and House of Fraser, is in line to take a board seat at Hugo Boss. Michael Murray will take part in an election to become part of the German fashion retailer’s supervisory board. Frasers Group currently holds a [...]
Royal Albert Hall to stage British boxing grudge match on special date December 17, 2024 London’s Royal Albert Hall will host an all-British blockbuster fight between arch-rivals Natasha Jonas and Lauren Price on International Women’s Day next year. The world welterweight unification fight between Liverpudlian Jonas and former Wales footballer Price will top a women-only bill at the historic venue on Friday March 7. It comes after both fighters defended [...]
Chemring shares plunge despite record orders December 17, 2024 Chemring shares plunged on Tuesday as production and foreign exchange headwinds dented investor confidence despite booming orders. The FTSE 250 British defence contractor’s order book reached a record £1.04bn in 2024, meaning more than two-thirds of next year’s revenue forecast is already covered. Such soaring demand saw Chemring double down on a target of reaching [...]
Capita revenue plunges as outsourcing giant hit by contract losses December 17, 2024 Outsourcing firm Capita saw its adjusted revenue drop eight per cent in the first 11 months of the year, as the firm struggled to replace a host of lost contracts. In a trading update, the company revealed that the drop came largely from its experience arm, which fell a whopping 16.3 per cent over the [...]
Haribo boss: How I went from being too ‘optimistic and challenging’ to leading sweet giant December 17, 2024 The UK boss of Haribo has revealed how he's changed from being too "optimistic and challenging" now he's leading the sweets giant.