UK suffering from ‘vibecession’ ahead of the Budget, PwC says October 24, 2024 The firm's latest consumer sentiment survey dipped to -8 at the end of September, its lowest point this year.
Crispin Odey rejoins eponymous hedge fund October 24, 2024 Former hedge fund manager Crispin Odey has rejoined the company he left last year following sexual assault allegations against him. Odey Asset Management, named after the eponymous founder, was wracked with scandal last year after a Financial Times investigation revealed more than a dozen women had accused the manager of sexual assault. While there had [...]
Autumn Budget: Company directors race to dump shares ahead of tax raid October 24, 2024 Fresh analysis has found company directors of listed companies are racing to sell shares ahead of a widely anticipated capital gains tax raid in next week’s Autumn Budget. Between 1 September and 22 October, the value of sell and buy transactions in directors of UK-listed companies in their own firm’s shares was £345.5m and £63m [...]
The Capitalist: Paddington Bear’s politics, buildings with phallic names and RIP the pumpkin spice latte October 24, 2024 Corporate echo chambers, controversial buildings with phallic names, Paddington Bear’s true political persuasions and the end of the pumpkin spice latte? Catch up on the latest City gossip in this week’s edition of The Capitalist WORKING SMARTER NOT HARDER We’ve all been there; you’ve got work to do but two hours of your diary are booked [...]
How American Express UK is looking to crack Gen Z October 24, 2024 American Express’s UK boss, Hannah Lewis, sits down with City AM to talk breaking into a younger markets and shaking up its image. “Do you take Amex?” It’s a question that has slipped so far into the cultural lexicon there are even memes about it. Scroll through a dedicated Reddit page on American Express and [...]
Dunelm: Consumer demand for sofas boosts group October 24, 2024 Dunelm, the UK’s leading homewares retailer, has reported an uptick in revenue for the 13-week period ending 28 September as consumers continued to spend money on home updates. The company reported sales of £403m for the period, up 3.5 per cent compared to the same period last year. The company reported digital sales, as a [...]
Frasers wants to make Mike Ashley chief of Boohoo after ‘mismanagement and value destruction’ October 24, 2024 Frasers Group wants to appoint its boss Mike Ashley as the chief executive of fast fashion brand Boohoo, citing “long-term mismanagement” which has led to “value destruction“. The Mike Ashley-owned company wrote to the board of Boohoo this morning, saying the group was suffering from a “leadership crisis”. In a message to markets this morning, [...]
Barclays shares hit nine-year high as investment bank helps profit beat forecasts October 24, 2024 Barclays' shares have hit their highest level in nine years after a rebound in investment banking helped its profit beat expectations for the third quarter.
The Apprentice: Is the Trump biopic fake news? October 24, 2024 The Apprentice, a film directed by Iranian-Danish Ali Abbasi out last week in the UK, constitutes a brutal character assassination against presidential candidate Donald Trump. Focusing on the years 1973 to the early 1980s, it tracks Trump’s rise from real estate mogul’s awkward son (he’s literally knocking on doors collecting rents) to the man liberals [...]
New data bill to loosen red tape for businesses and NHS October 24, 2024 The UK government has introduced a new data bill to parliament to cut red tape for businesses and public service organisations like the NHS, which it claims could add £10bn to the economy over the next decade. The ‘Data Use and Access’ bill plans to make data sharing easier, reducing admin headaches for companies. For [...]