HMV suspends plans for new shops as Budget hikes costs November 21, 2024 HMV has suspended plans to open more new stores next year, blaming the decision on the government’s tax-raising Budget. The company planned to open multiple shops in the UK in 2025, but HMV’s owner Doug Putman told The Telegraph yesterday that this proposal was now on hold following the Budget. Confirming the decision, Putman told [...]
TV firm founded by Jake Humphrey and David Coulthard back in the black November 21, 2024 Whisper Films, the TV production company co-founded by broadcaster Jake Humphrey and former F1 driver David Coulthard, returned to the black during its latest financial year as its turnover jumped. The business, which was also set up by BAFTA-winning CEO Sunil Patel, has posted a pre-tax profit of £4.3m for the 12 months to 31 March, [...]
HSBC poaches Citi veteran to lead Innovation Banking November 21, 2024 HSBC has poached Citigroup veteran Emily Turner to be chief executive of its Innovation Banking arm, formerly known as Silicon Valley Bank UK. Turner is due to join the bank in February, subject to regulatory approval, succeeding Erin Platts – who will join investment firm Octopus Ventures in the new year. A 13-year veteran of [...]
Exclusive: European rugby chief leaves after 10 years with EPCR November 21, 2024 The Chief operating officer of European club rugby’s governing body Anthony Lepage is parting ways with EPCR after a decade, City AM can reveal. The news comes on the eve of the return of the Champions Cup and Challenge Cup, with Lepage set to move on to pastures new. He joined EPCR in 2014 as [...]
Great Britain triathlon star Alistair Brownlee retires November 21, 2024 Alistair Brownlee might have done more than any other British athlete when it comes to leaving his sport in a better place than he found it. The 36-year-old has announced his retirement from triathlon after a glittering 18-year career gilded by two Olympic gold medals and a host of major titles. When Brownlee started competing, [...]
Inheritance tax receipts rise as Brits warned to ‘make plans to pass on wealth’ November 21, 2024 Inheritance tax receipts have risen again as experts are warning Brits to better plan for the passing on of wealth, after the Autumn Budget changes. Fresh figures released this morning show inheritance tax receipts for between April and October of this year are £5bn, which is £500m higher than the same period last year. This [...]
Close Brothers restarts motor finance lending following landmark ruling November 21, 2024 Close Brothers has restarted its motor finance lending practice a month after a landmark court ruling over the legality of its business. On 25 October, a court ruled that a broker could not lawfully receive a commission from the lender without obtaining the customer’s fully informed consent to the payment, sending the entire motor finance [...]
JD Sports: Shares slump as profit at FTSE 100 giant to be at lower end of expectations November 21, 2024 JD Sports has revealed its full-year profit will now be towards the lower end of its expectations after softening consumer demand hit its sales. The Greater Manchester-headquartered FTSE 100 giant had previously set a target for its pre-ta profit of between £995m and £1.035bn but it has now confirmed the total will be towards the [...]
Liontrust: Asset manager launches cost-saving spree as profit shrinks November 21, 2024 Liontrust’s profit continued to sink over the last six months, as the asset manager reported a 28 per cent drop in adjusted profit before tax. Despite a drop in adjusted profit before tax to £25.8m, the group pledged a share buyback programme of up to £5m over the next six months in its half-year results. [...]
Ed Warner: Gold rush for athletes as sport venures into crazy territory November 21, 2024 Too much money chasing too few goods spells inflation. In the madcap pursuit of novel sporting ventures it is the athletes whose prices are swelling.