FTSE 100 firms shutting out DIY investors with corporate mumbo-jumbo, investment platform warns July 24, 2023 Top UK bosses are shutting out amateur investors from the market by using corporate waffle and overly technical language in their shareholder communication, a top investment platform has warned.
Wave of pension mergers looms as Hunt presses on with reform July 24, 2023 A wave of consolidation is coming in the UK’s pension sector as bigger master trusts guzzle up smaller peers and the government throws its weight behind reform, a top UK pension chief has predicted.
Vodafone slows decline in Europe as new CFO inherits all-too-red balance sheet July 24, 2023 Vodafone has managed to slow revenue declines in vital European markets as CEO Margherita Della Valle looks to turn around the ailing telecoms giant. In what it described as a “better” first quarterly earnings report than what was forecast, Vodafone told markets it had seen a near-6 per cent year on year revenue uplift in [...]
Inland Homes welcomes second CEO in under 12 months July 24, 2023 Inland Homes has revealed its new chief executive alongside plans for a £4m acquisition of rival North Country Homes. The London-listed real estate development firm has appointed Jolyon Harrison as head of the company. This is the company’s third CEO in a short period of time, as former chief Stephen Wicks stepped down last September [...]
Liontrust waives key GAM offer term after spat with rebel shareholders July 24, 2023 Liontrust Asset Management has backed down on a key condition of its offer for Swiss rival GAM today after facing from a rival group of shareholders on its offer.
Federal Reserve and European Central Bank may back final rate rises this week, experts bet July 24, 2023 US Federal Reserve and European Central Bank officials could launch their final interest rate rises this week as inflation ebbs in their respective economic blocs, experts are betting. Members of the federal open market committee (FOMC) are on Wednesday tipped to raise borrowing costs 25 basis points to a range of 5.25 per cent and [...]
Macquarie’s role in UK gas network should ‘concern’ government, MP warns July 24, 2023 Macquarie’s growing role in the country’s gas network has raised the concerns of the chair of an influential Westminster committee.
The next Mayor of London needs to stand up for financial services as well as housing July 24, 2023 Whoever wins the race to become Mayor of London should remind the government that levelling up cannot mean levelling down London, writes Chris Hayward
Extreme heat isn’t stopping Brits going on holiday yet – but it might do by 2028 July 21, 2023 Deadly heatwaves across Europe, the US and China are not causing Brits to cancel their holidays just yet, but travel insurance firms are preparing for that trend in the future. The UK foreign office issued new travel warnings on Tuesday about the “extreme temperatures” especially in Spain, Italy and Greece – known as the Cerberus. [...]
12th century fair returns to Square Mile featuring dancers suspended from St Paul’s and a midnight walk July 21, 2023 A fair dating back to the 12th century will be brought back to the Square Mile this September, which will see aerial dancers hanging from St Paul’s Cathedral. Bartholomew Fair, which was last held 1855, will be brought back to the City for the first time in centuries, and will host a number of performances [...]