Barclays and Aviva help raise £250m to support female entrepreneurs November 25, 2024 The Invest in Women Taskforce has secured over £250m from investors, including Barclays, Morgan Stanley and Aviva, to fund the support of female entrepreneurs. The Taskforce was set up to boost investment in female-led companies and improve access to funding for entrepreneurs. The £250m fund, which was announced today, will be deployed via female investment [...]
Labour’s Budget will ‘hit growth’, CBI boss warns November 25, 2024 In a speech set to be delivered at the CBI's annual conference later today, Newton-Smith will warn about the impact of the Budget on businesses.
Jobs market gets Christmas boost from seasonal hiring November 25, 2024 In October, there were 0.64 per cent more vacancies than there were six months ago, the first time the six-monthly reading has been positive in 2024.
Affordable housebuilding in London down 88 per cent in dent to Khan’s rep November 24, 2024 The number of affordable homes built in London between April 2023 and March this year fell by 88 per cent, despite continued promises from Mayor Sadiq Khan to boost the supply of housing in the capital. Just over 3,100 affordable housing builds began work across Greater London between April 2023 and March of this year, [...]
Morrisons chief calls for urgent overhaul of business rates system November 24, 2024 The chief of Morrisons has called for the business rates system to be radically overhauled so it “genuinely levels the playing field” between high street retailers and online operators. Rami Baitiéh, the boss of the supermarket, told The Mail on Sunday: “The current proposal threatens to drag hundreds of supermarkets, which are crucial to thriving [...]
Eurozone inflation to take centre stage as growth worries resurface November 24, 2024 Economists expect the headline rate will climb to 2.3 per cent in November, up from 2.0 per cent in October.
Budget uncertainty has gone but odds have been stacked against business November 22, 2024 If Rachel Reeves thought certainty would cure the UK economy’s growth problem, she was wrong. She’s just pitted consumers against retailers. This data-heavy week has reflected that uncertainty over the Budget has not been cured by policy which heaps pressure on business. We’ve had inflation rising, debt compounded, inheritance tax receipts soaring, farmers protesting, the [...]
‘A clear thumbs down’: UK business confidence slumped post-Budget November 22, 2024 The UK’s business optimism “slumped” in a downturn after the Autumn Budget, according to a closely watched survey of the private sector. S&P’s ‘flash’ purchasing managers’ index (PMI) came in at 49.9 in November, now below the neutral 50.0 threshold, down from 51.8 last month, and the lowest since October 2023. Firms reported a fractional [...]
Workspace: London flexible office firm’s profit up despite low occupancy rates November 22, 2024 Flexible office provider Workspace has continued to see an uptick in demand for lettings despite a slight downturn in occupancy rates. The business, which manages millions of square feet of office space across London, saw a 4.3 per cent boost in underlying rental income, bringing it to a total of £60.2m. In line with “good customer [...]
Games Workshop: Warhammer-maker’s shares boom on positive outlook November 22, 2024 FTSE 250 firm Games Workshop’s shares soared after the open this morning, following a positive trading update. The Warhammer-maker’s stock rose by almost 14 per cent in early trades, after a rosy outlook in a brief statement to markets this morning. The company said it was “pleased to announce” that since late September when it [...]