A mixed bag for EY UK: Revenue growth meets flat fee income and declining profits October 25, 2024 EY UK net revenues grew by single-digit percentage over 2024, while fee income remained flat, due to a reduction in large cross border transactions
Investor sentiment split by age as older generation’s views sour October 25, 2024 Investor sentiment has split by age over the last six months, with young people’s confidence in investment increasing significantly as the older generation remains sceptical. While the desire to save and invest has jumped by double digits among 18-34 year olds, those aged 35-54 have increased by just a few percent, while for the oldest [...]
Budget 2024: Warning pubs and breweries could face extra £310m bill October 25, 2024 Pubs and breweries could face an extra £310m bill after the Budget, an industry lobby group has warned. The British Beer and Pub Association (BBPA) has warned Chancellor Rachel Reeves that a hike in business rates and beer duty could leave Britain’s drinking spots struggling. Additional costs could stifle growth and threaten jobs, with some [...]
Transition finance is critical to reaching net zero October 25, 2024 The UK is well positioned to lead the world in transition financing, says Irem Yerdelen There is no room for complacency or delays in the transition to net zero. Not only have countless governments and companies committed publicly to net zero, but the pressures of climate change are being felt increasingly across the world. Earlier [...]
Bullying and harassment cases rise at City firms, FCA finds October 25, 2024 There has been a sharp rise in non-financial misconduct at firms, according to a survey by the City regulator, but strikingly, the data revealed these companies took no action in more than half of investigations.
Londoners smash the GUINNESS WORLD RECORDS™ title for the Longest Marathon Playing Pickleball (doubles) October 24, 2024 The Square Mile has witnessed an intense marathon game of pickleball, spanning over two days, as four resilient Londoners set a new GUINNESS WORLD RECORDS™ title for the Longest Marathon Playing Pickleball (doubles) – an outstanding endeavour. Tony Matharu, founder and Chairman of Central London Alliance CIC and Blue Orchid Hospitality, and one of the [...]
Two more venture capital trusts launch fundraising drive ahead of Budget October 24, 2024 Two venture capital trusts have launched fundraisers for £75m each as investors rush into the vehicles ahead of a potential hike in capital gains tax at the Budget. While the rate of capital gains tax sits at 20 per cent, rumours have swirled that Chancellor Rachel Reeves could double it at next week’s Budget. However, [...]
CMA launches merger inquiry into Alphabet and Anthropic partnership October 24, 2024 Britain's competition watchdog has opened a merger inquiry into Alphabet's partnership with artificial intelligence (AI) safety start-up Anthropic.
Started from the bottom now we’re here: How one startup is revolutionising anal sex October 24, 2024 Polari Labs’ invention could revolutionise anal sex, and squeamish investors are missing out on profits, writes Sebastian Shehadi.
The Capitalist: Paddington Bear’s politics, buildings with phallic names and RIP the pumpkin spice latte October 24, 2024 Corporate echo chambers, controversial buildings with phallic names, Paddington Bear’s true political persuasions and the end of the pumpkin spice latte? Catch up on the latest City gossip in this week’s edition of The Capitalist WORKING SMARTER NOT HARDER We’ve all been there; you’ve got work to do but two hours of your diary are booked [...]