We need more housing and braver, bigger ideas to revive our Square Mile July 4, 2023 The Square Mile, like other financial centres, needs to attract more footfall, or it will become a ghost town. The power is in local politicians' hands, they just have to be brave, writes Adam Hawksbee
Sadiq Khan unveils renovated London studio as part of £6m boost to the capital’s film and TV industry July 3, 2023 London mayor Sadiq Khan has visited the newly renovated 3 Mills Studios in east London, revealing the completed £6m development that is set to boost the capital’s film and television industry on a global stage. The project, funded with £3m from City Hall, includes upgrades to several historic buildings, the creation of over 10,000 sq [...]
Scale up investor: Hiring trans women like me isn’t just right – it’s good for business July 3, 2023 Reece Tomlinson, founder of investment firm Saône Capital, on how investing in trans and non-binary people is good for business, as people from different backgrounds have different ideas and approaches “When you look at underrepresented founders as a whole, they’re actually the majority of founders,” says Reece Tomlinson, trans CEO and founder of the Saône [...]
Who’s next? Industry debt mountain threatens more than Thames Water July 3, 2023 Thames Water's troubles raise significant questions - such as who could be next and what happens now in the water industry.
PwC fires eight Aussie partners including former CEO over tax leaking scandal July 3, 2023 PwC Australia has fired eight partners including its former chief executive as it scrambles to draw a line under a government leaking scandal that has engulfed the firm down under.
City PR firm sells majority stake to global investment house as M&A boom continues July 3, 2023 ANOTHER of the City’s best-known PR firms – more used to announcing transactions than being a part ofthem – has become the subject of a multi-million pound deal. Bahrain-headquartered Investcorp has taken a majority stake in SEC Newgate for around $100m (£78.7m), valuing the PR outfit at $250m (£196.8m). SEC Newgate grew out of the [...]
Council trialling four-day work week ordered to ‘end experiment immediately’ July 3, 2023 A council undergoing a four-day work week trial has been ordered to stop the experiment by a minister over concerns about local residents not getting value for money. South Cambridgeshire District Council was the UK’s first local authority to launch a trial of a shorter working week for employees, and said it planned to extend [...]
Greater investment than predicted as UK economy grows by just 0.1 per cent June 30, 2023 The UK economy grew marginally over the first quarter of the year, driven by increases within the services sector, according to official data. UK gross domestic product (GDP) edged up by 0.1% between January and March, the Office for National Statistics (ONS) said. The ONS had already indicated growth of 0.1% in May, but on [...]
Revolution Beauty defends counter-revolution after Boohoo’s shareholder revolt June 30, 2023 Revolution Beauty defended the unusual actions it took at its AGM this week, after it reinstated three members of its executive team who had been voted out by shareholders. The beauty company said its actions had been “firmly validated” by the stock market response, with its shares rising yesterday. Without taking the action it did, [...]
Thames Water and Ofwat face Westminster grilling over growing debt pressures June 30, 2023 MPs will grill Thames Water executives and market watchdog Ofwat amid growing concerns over the finances of the UK's largest water supplier.