APPG ESG tackles stubbornly high gender inequality in corporate sector October 24, 2023 The latest report from APPG shows how tougher targets allied with ESG practices can make a positive difference to gender inequality.
Businesses’ payroll bill to soar by £300m as London living wage increases October 23, 2023 Payroll costs in the capital are set to soar by over £300m as the London living wage increases by a tenth. Businesses signed up to the voluntary scheme will see their salary expenditure go up by £304,200,000 after the rate jumps from £11.95 an hour to £13.15 for 130,000 employees. Firms accredited include half the [...]
Historic London estate agent Chestertons snapped up by French real estate group October 23, 2023 London estate agent Chestertons has been bought by a French real estate and technology group, in the latest sign that deal making in the property sector is heating up. The near 200 year-old estate agent was bought by Emeria, which is owned by Swiss private equity and property group Partners Group. The firm is understood [...]
Keller shares soar after engineer bumps up profits outlook October 23, 2023 Keller Group shares soared this morning after the company forecast higher than expected operating profits.
Vistry to cut 200 jobs amid affordable housing shake-up October 23, 2023 Housebuilder Vistry said it will cut 200 jobs and make £40m less profit than expected as part of its shift into being a solely affordable housebuilder. Last month the London-listed firm it would focus solely on building affordable homes via its partnerships business after a volatile housing market eroded demand for building in the private [...]
SMEs fear winter supply chain crunch could hit revenue in golden Christmas quarter October 22, 2023 Supply chain disruption is the top concern of medium-sized businesses ahead of winter, a survey has found, as rising costs put pressure on revenue targets. The poll of 500 medium-sized business leaders by consultancy BDO showed nearly a quarter fear that supply chain issues, including suppliers folding and stock shortages, could endanger revenue targets this [...]
Next week in the City: PMIs and Big Tech results loom in a busy week for markets October 22, 2023 Investors will have a range of data points and big corporate events to keep them busy next week, including results from the big tech firm and a clutch of PMI survey results.
Tax receipts: Five things we’ve learnt from today’s data October 20, 2023 Total HMRC receipts for April to September came in at £392.5bn, up £23.1bn from the same period last year.
FTSE 100 live: London ends week deep in the red on back of Israel-Gaza war, borrowing and retail figures October 20, 2023 London’s FTSE 100 ended the week deep in the red following disappointing retail figures and falling but still very high, public borrowing stats. The capital’s premier bluechip index was 1.31 per cent down by the close, at 7,401.30, while the FTSE 250, which is more aligned with the domestic market, dropped to 0.9 per cent, [...]
FTSE 100 close: Israel Gaza war concerns weigh down London markets again October 19, 2023 London's FTSE indexes dipped in opening trade on Thursday as continued concern over possible escalation in the Middle East left investors feeling cautious.