Brooks Macdonald buys financial advisor amid takeover rumours October 8, 2024 Brooks Macdonald has bought independent financial advisor LIFT in a deal worth up to £45m, as takeover rumours swirl around the group. LIFT has £1.6bn in assets under advice, with £600m of this being funds under management. The firm is headquartered in Greater Manchester, with offices in London and Edinburgh, and has around 1,400 clients, [...]
Literacy Capital swaps charity donations for private equity fees October 8, 2024 Private equity investment trust Literacy Capital is cutting down on its mission of paying out charitable donations, while upping the fee paid out to management. The only investment trust set up with a charitable objective, it has given £10m to literacy charities in the UK since it was created in 2017. Now, the trust will [...]
A wake up call: Why a talented public sector is key to protecting democracies October 8, 2024 Democracies rely on governments running a public sector that can attract the country's top talent, writes Shmuel Chafets
Leeds landmark sold for almost £80m in city’s biggest deal for over five years October 8, 2024 A landmark building in the heart of Leeds’ financial district has been sold for almost £80m in the city’s largest office deal for more than five years. Ashtrom Properties UK has acquired Central Square, which is home to the likes of M&S, PwC an Sky, for £78m. Central Square comprises 217,249 sq ft of office [...]
Meal deal maker Greencore hikes profit outlook October 8, 2024 Food manufacturer Greencore—which produces sandwiches for supermarket meal deals—has said it anticipates full year profit to be “ahead of current market expectations.” In a trading update issued today, the convenience food firm, which supplies all the UK’s major supermarkets with salads, sushi, sandwiches, snacks, ready meals, and soups, said like for like revenue growth for [...]
Unite Students: Record demand for beds amid university housing shortages October 8, 2024 Unite Students has reported strong growth and nearly-full student accommodation blocks amid record demand from students and still-constrained supply. Unite told markets this morning that like-for-like rental growth was 8.2 per cent and occupancy was 97.5 per cent for the 2024/25 academic year. The firm retained its guidance and said it expected rental growth to [...]
The dirty, dangerous and ‘obsessive’ world of mudlarking October 8, 2024 Once the domain of Victorian street urchins, the art of mudlarking has gone mainstream. Lucy Kenningham investigates
With Sue Gray gone, Keir Starmer will have no more excuses October 8, 2024 Sue Gray is carrying the can for the shortcomings and mistakes of her boss, says Henry Newman Morgan McSweeney is Keir Starmer’s second chief of staff following Sue Gray’s resignation. And we aren’t even 100 days into the new government. Some of his predecessors lasted far longer. David Cameron’s only chief of staff was there [...]
Mulberry founder suggests LVMH could be the right buyer for the brand October 7, 2024 Mulberry founder Roger Saul has suggested that French luxury behemoth LVMH could be the right company to step in and aid the struggling brand after it rejected an offer from Mike Ashley’s Frasers group last week. Saul, who launched the brand in the 70s before leaving in 2002, told This Is Money that Mulberry was [...]
Joker: Folie à Deux review – a strange, dark musical October 7, 2024 Joker was a fascinating outlier in modern cinema. The violent, Scorsese-inspired psychodrama was a huge risk, whisking the Clown Prince of Crime away from the world of comic books and placing him in a grimy 1980s Gotham City that resembled nothing more than Martin Scorsese’s Taxi Driver. The gamble paid off, with an Oscar for [...]