Phoenix hits targets early as growth in annuities pays off February 1, 2024 In a trading update, Phoenix said its new business long-term cash generation, a key measure of future profitability, was around £1.5bn in 2023.
Sleeping with your boss? WWE scandal a reminder firms shouldn’t tolerate it February 1, 2024 The lesson for businesses from the WWE scandal is that the temptation to overlook the misbehaviour of powerful executives is not only immoral but unwise, writes Will Cooling
Mark Kleinman’s must-read column: It’s payback time in the debate over executive pay February 1, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking, He writes a weekly column for City A.M. Like death and taxes, rows over boardroom pay are among life’s perennial certainties. Could 2024 turn out to be a watershed year, though, in the debate over executive remuneration at the [...]
Housing is a business issue, and nowhere more so than in London February 1, 2024 Ask business leaders in private what’s bothering them and the usual list is predictable enough: the markets, performance, getting the right team in place. Recently, we’ve heard a new one feature in more than a few conversations: whether London can keep its edge as the place to be for their talented young staff. The capital [...]
Nicola Sturgeon accused of ‘crocodile tears’ at Covid-19 inquiry January 31, 2024 Nicola Sturgeon has been accused of “crocodile tears” during her appearance at the official Covid-19 inquiry.
IKEA to open new stores as UK profits more than double January 31, 2024 IKEA's UK profits more than doubled during its latest financial year as it sets it sights on opening new stores.
Even Russia’s central bank is ‘surprised’ as country’s lenders post record profits January 31, 2024 Russian banks posted record profits in 2023 in news that surprised even the country’s own central bank, showing how the state is weathering Western sanctions over the war in Ukraine.
Oak Furnitureland slumps to £32m loss as rising costs bite January 31, 2024 Oak Furnitureland slumped to a loss of almost £32m during its latest financial year, newly-filed documents have revealed.
Santander UK rides out interest rate peak but expects further mortgage weakness January 31, 2024 High street lender Santander UK has reported a jump in annual profits as it rode out the end of an interest rate spike, while weakness continued in the mortgage market.
Bevis Marks: Historic synagogue braces for battle as skyscraper plans re-emerge January 31, 2024 Ahead of a meeting of the Corporation's planning committee on Wednesday, campaigners say the plans would "allow tall buildings in the conservation areas, which will overshadow the grade 1 listed synagogue" once again.