City deals advisers gear up for rebound after election pushed M&A to four year low September 3, 2024 The City’s deals advisers are gearing up for a rebound in activity in the closing months of the year after election uncertainty pushed mergers and acquisitions (M&A) to a four-year low in June, according to fresh figures today. The value of total deals involving UK firms, as either targets or buyers, slumped to £11.8bn in [...]
What’s On in London in September 2024 September 3, 2024 As summer fades and the crisp breeze of autumn begins to fill the air, London prepares for an exhilarating September packed with cultural and sporting events, festivals, and unique experiences. Whether you’re a local, worker or a visitor, the capital offers an unrivalled array of activities to make the beginning of this autumn unforgettable. From [...]
Inspiration Healthcare reports steady revenue following acquisition September 3, 2024 Inspiration Healthcare has reported revenue of £17m in the first six months of its financial year, driven by significant growth in its infusion therapies products division, it said today. The London-listed firm, which is headquartered in Croydon, said its revenue was in line with management expectations in the six months ending July 31, 2024, boosted [...]
Midwich: Tech distributor posts solid growth despite headwinds September 3, 2024 Audio and TV distributor Midwich has defied broader market headwinds to post a double-digit rise in gross profit and improved revenue numbers. The Norfolk-based firm, which has been a constituent of London’s Aim market since 2016, grew by 7.5 per cent at constant currency in the six months to June 30, raking in £446m in [...]
Rightmove speaking to UBS and Morgan Stanley after REA takeover interest September 3, 2024 Rightmove is reportedly speaking to UBS and Morgan Stanley on its response to the unsolicited takeover bid from Rupert Murdoch’s REA Group, according to Bloomberg. REA announced its intention to explore a possible cash and share offer for the UK’s biggest property portal in a statement yesterday to the Australian Stock Exchange. It has said [...]
Workers’ rights fines will harm growth and jobs, small businesses warn September 3, 2024 The government risks “reversing economic growth” and disincentivising hiring if it pursues plans to issue “punitive” fines to businesses that breach its workers’ rights plan, industry leaders have warned. Businesses face paying thousands of pounds in fines if they fall foul of the new protections that Labour are hoping to introduce, it was revealed on [...]
Could venture capital firms miss out on the great pension fund start-up splurge? September 3, 2024 The UK's top pension fund managers are poised to pump billions into the UK's start-ups - but venture capital investors keen for cash may play a smaller part than they had hoped, writes Charlie Conchie
Young Londoners spend more time in office than older workers, survey finds September 3, 2024 Young workers in London spend more of their time working from the office than any other age group, an international survey of return to work habits has found. London saw another year-on-year rise in attendance, with average central London full-time workers spending more than half the working week, or 2.7 days, in the office in [...]
UK’s banking regulator ‘extremely mindful’ of US on capital rules overhaul September 3, 2024 The UK’s banking regulator is “extremely mindful” of pushing ahead with a sweeping set of capital rule changes while the US’s reform package remains up in the air, its chief executive has said. Sam Woods, the deputy governor of the Bank of England and boss of the Prudential Regulation Authority, told the Following the Rules [...]
Letter: As a freeman of the City, I would welcome Taylor Swift! September 3, 2024 I've been reading City A.M. for 15 years or so now & really enjoy it. I've just read Anna's article on Hampstead Heath (& the previous one on Taylor Swift).