TCFD’s Grand Finale October 19, 2023 The latest (and last) annual update from the TCFD revealed that companies are increasingly publishing their climate-related risks and opportunities. The study used AI technology and examined the public reports of more than 1,350 large companies across a range of regions and sectors over a three-year period: While the TCFD found the results of the survey [...]
TfL and Westminster join forces with business to lure shoppers back to The Strand October 19, 2023 A new taskforce will be set up to boost footfall to London's historic Strand district after home working trends hit retailers.
Onthemarket shares leap 53 per cent after £99m takeover deal as rival Rightmove falls October 19, 2023 Onthemarket shares made their biggest one-day jump on record after the UK property portal was snapped up by American commercial property giant Costar in a £99m deal, while rival Rightmove slumped. The London-listed stock rose as much as 53 per cent on Thursday morning to 108p. The takeover is the latest in a series of [...]
Nokia slashes up to 14,000 jobs as revenues and profits tank October 19, 2023 Nokia sales fell 15 per cent in its third quarter due to the ongoing impact of stubbornly high interest rates.
Square Mile and Me: Simon Pryke on his journey from paper round to CEO October 19, 2023 Each week we ask a City figure to take a trip down memory lane. Today Simon Pryke, CEO of investment manager Findlay Park, tells us about his time in the Square Mile.
Record rent rises are an existential challenge for London’s future October 19, 2023 It shouldn’t come as a surprise to anyone who lives in London, but yesterday the capital clocked a record increase in private rental prices, with the cost of leasing a flat in the capital ticking up by 6.2 per cent in the year to September, up from 5.9 per cent in August. It is the [...]
Mark Kleinman: Why Barclays’ £1bn Telegraph bid won’t be the last word, Alison Rose’s next move and why no one wants to be chair of the BBC October 19, 2023 The must-read column from the man in the know, City Editor at Sky Mark Kleinman Barclays’s £1bn Telegraph bid not the last word Hold the front page: the Barclay family’s effort to lodge a knockout bid for The Daily Telegraph was timed like the arrival of a blockbuster newspaper story minutes before the final edition, [...]
Jump in business rates could be ‘final nail in coffin’ for many pubs and shops, sector warns October 18, 2023 The chief executive for UKHospitailty said the latest inflation reading and could be a “final nail in the coffin" for many businesses
Liontrust: Restructuring on the way after failed GAM bid October 18, 2023 Liontrust said it would push through a wave of “restructuring and efficiencies” today after haemorrhaging cash over the summer during its chastening takeover battle for Swiss rival GAM.
Water companies need vast sums to meet improvement plans, Moody’s warns October 18, 2023 Water companies across England and Wales will need to find hundreds of billions of pounds to meet their commitments, says Moody's.