Schroders: Why ‘safety-ism’ is off the agenda in money manager’s turnaround November 6, 2024 Schroders’ new chief Richard Oldfield will be tasked with reining in costs and boosting growth at the storied FTSE 100 asset manager Peter Harrison struck a sprightly figure as he addressed a room full of City types in the days after Labour’s election victory in early July. While uncertainty was still gripping the Square Mile [...]
Mike Ashley’s Frasers Group warns Boohoo over break-up plans November 6, 2024 Mike Ashley’s Frasers Group has handed Boohoo a list of demands after its campaign to install the retail tycoon as the new CEO of the fast-fashion giant failed last week. The owner of Sports Direct and House of Fraser had sought to get Mike Ashley installed as the new chief executive of Manchester-headquartered Boohoo, in [...]
Despite Trump’s tariffs, free trade is still the future November 6, 2024 Trump will claim that tariffs can stop China ripping off Americans and bring jobs back home, but in reality they will only make his country poorer, says Harrison Griffiths Well, he’s done it again. Donald Trump is set to return to the White House after pulling off a now-characteristic upset in last night’s presidential election. [...]
Underground air to heat London’s iconic buildings November 6, 2024 Excess heat from London’s Underground will power iconic buildings in a new £1bn net zero scheme. This low-carbon network will soon channel excess heat from the Underground to power several sites in central London, namely Downing Street and the National Gallery. This comes following last week’s Budget, in which chancellor Rachel Reeves announced significant investments [...]
YouGov: Recent acquisition boosts revenue November 6, 2024 YouGov has reported strong full year revenue, slightly north of guidance, due to better-than-expected performance from its recently acquired Consumer Panel Services (CPS) arm. As expected, revenue reached £335.3m in the year ended July 2024, up by 30 per cent year on year and outpacing guidance put forward in August, due to bumper research activity [...]
Sauber swap Hamilton’s former teammate for Alonso protege November 6, 2024 Bortoleto won the Formula 3 title last year, currently leads Formula 2 and has been nurtured by McLaren as part of the team’s driver development programme.
Rowing – Outdoorsy vs Outsidey November 6, 2024 I have recently been made aware of the important difference between being “Outdoorsy” and being “Outsidey”. The main distinguishing factor here appears to be that the former requires some type of skill or capacity for endurance. It is the difference between enjoying a long countryside walk to a good pub for lunch and signing up [...]
British and Irish Lions launch 2025 Wallabies tour shirt November 6, 2024 The British and Irish Lions this morning launched the shirt that will be worn on the 2025 tour of Australia next year. A classic palate returns, albeit with a slightly darker tone, as the British and Irish Lions look to win their first tour since they last played the Wallabies in 2013. The team, made [...]
FCA approves £10m acquisition of Musicmagpie by AO World November 6, 2024 The UK’s financial watchdog has approved the acquisition of Musicmagpie by AO World for £10m. First announced in October, the deal will see the electrical retailer acquire Musicmagpie for 9.1p per share, a fraction of its market capitalisation at IPO in 2021. It floated with a share price of 193p. Bolton-headquartered AO sells white goods [...]
Domino’s Pizza: Firm back on track as sales outpace estimates November 6, 2024 Domino’s Pizza has reported a return to positive sales growth as the firm’s efforts to improve the customer experience have paid off. The fast-food chain told markets this morning that orders grew by 3.5 per cent in the third quarter to 17.4m. This was driven by deliveries rather than collections, with the former up 6.6 [...]