Begbies Traynor on track for double digit growth as it cashes in on insolvencies November 17, 2022 Begbies Traynor said it was on track for double digit growth as it cashes in on the economic instability. The corporate restructuring firm said in a trading update that it expects revenue to climb 12 per cent to £58.5m, with adjusted profit before tax also up 13 per cent to £9m. Begbies Traynor said insolvency [...]
Investec rolls out £350m share buyback as revenues jump November 17, 2022 Investec said it would roll out a share buyback programme today
City Moves: Who’s switching jobs in the Square Mile this week? November 17, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Hero Labs Waterloo-headquartered Hero Labs, a manufacturer of water management devices, has appointment a new CEO. Adam Williams brings experience from scale-ups and large tech firms, including Samsung and Sony. He will succeed Steve Moore when he [...]
Let’s be honest, we can’t blame today’s financial pain on Liz Truss’s mini budget November 17, 2022 Chancellor Jeremy Hunt’s Autumn Statement is expected to contain a gloomy mixture of tax hikes and spending cuts. We will be told this is absolutely necessary to plug the fiscal hole left by the Truss government. The latest estimate is that the government is looking for up to £60bn a year by 2027-28. Last weekend [...]
North Sea oil and gas production will be hit by hiked windfall tax, says Investec November 16, 2022 The UK jeopardises future North Sea oil and gas production, if the windfall tax is toughened up tomorrow, argued Investec.
A little birdwatching: Are tech firms like Musk’s Twitter ready for regulation? November 16, 2022 ELON MUSK’s dramatic takeover of Twitter – complete with firing the entire management team and half the staff – has been the talk of, ahem, Twitter for the past week, as well as much of the rest of the world. It has also divided opinion amongst the most strongly politically engaged. Many on the right [...]
Beaverbrooks: We don’t expect government to solve all of firms’ problems November 16, 2022 A wedding “catch-up” boom post-pandemic has driven momentum for jeweller Beaverbrooks, its top boss told CityA.M. After the Covid-19 lockdowns saw many couples put plans to get hitched on hold, the easing of restrictions has seen a boom in plans for nuptials, driving ring sales, Anna Blackburn said. The pandemic spurred some couples to get [...]
Demand for corporate Christmas parties through the roof as offices ‘make up’ for Covid November 16, 2022 Work Christmas do’s are back with a bang this year, as City bar and pub chains report strong bookings. Publicans are excited about the industry’s first full Christmas trading season in three years, void of Covid-9 restrictions. Although consumers are caught in the teeth of what’s set to be a protracted recession, Young’s boss, Simon [...]
Focus on the Menopause and reframing the narrative November 16, 2022 DiverCity® Podcast · S14 E4 Focus on the menopause and reframing the narrative In honour of World Menopause Month, host Julia Streets is joined by Sam Simister, co-founder of GenM and Rachel Lankester, founder of Magnificent Midlife. Together they focus on redressing the balance and creating a more positive discussion about the menopause, while also [...]
Appease the markets and his own party? Jeremy Hunt has a frightful task November 16, 2022 Tomorrow, Jeremy Hunt needs to deliver a plan that both wins the confidence of the city – and the financial markets – and is politically palatable. This comes off the back of a narrative which has converged around terms like “black holes” and “difficult decisions”. The emerging theme is that there is a gap in [...]