Titanic maker Harland and Wolff’s finance chief leaves company September 11, 2024 The Belfast-based shipyard gave almost no detail in a statement on the London Stock Exchange, but that Raman "had resigned with immediate effect."
US inflation falls to lowest level since February 2021 as Fed prepares to cut interest rates September 11, 2024 US inflation fell to its lowest level since February 2021 in August, new figures show, but core prices rose faster than anticipated. Figures from the Bureau of Labor Statistics showed that inflation fell to 2.5 per cent in August, down from 2.9 per cent the month before and in line with expectations. Prices increased 0.2 per [...]
Cheers! The Square Mile is officially the easiest place in the UK to find a pint September 11, 2024 If you’re on the hunt for a pint, look no further than the City of London, which has been named the easiest place in the UK to find one, new research has revealed. The square boasts an incredible 615.92 pubs per 1,000 hectares, putting it miles ahead of the UK average of 10.77, according to [...]
Heathrow: Passenger numbers soar as boss hails ‘busiest summer’ September 11, 2024 Heathrow Airport has reported a fourth consecutive month of record-breaking passenger traffic in what has proved one of the UK’s busiest ever summers for travel demand. Some 8m travellers passed through in August, up 5.5 per cent year-on-year and bringing the West London hub’s rolling 12 month total to 82.6m. Heathrow said it was “on [...]
Howard de Walden: Loss more than doubles at London property empire September 11, 2024 The London property empire which includes Marylebone Village and Harley Street saw its pre-tax loss more than doubled during its latest financial year. Howard de Walden Estates Holdings, which also includes some of the capital’s prime shopping areas as well as hundreds of homes, has reported a pre-tax loss of £254.2m for the year to [...]
GDP unexpectedly stagnates in July following strong first half of 2024 September 11, 2024 The figures returned the UK to growth after GDP was flat in June and represent a positive start to the second half of the year.
Winter fuel payments: Just one Labour MP rebels in Commons vote on policy September 10, 2024 Just one Labour MP – Jon Trickett – rebelled against the government in a House of Commons vote on plans to means test the winter fuel payment to pensioners. The government won the vote with 348 votes in favour to 228 against, while some MPs – including 53 Labour members – abstained on the ballot, [...]
‘Misperceived and undervalued’ office renting firm IWG urged to quit London listing September 10, 2024 A leading shareholder in International Workplace Group (IWG) has called for the co-working firm to quit its London listing and relocate to the US to boost its value. Miami-based investment firm Buckley Capital Management, which said it was a top 15 shareholder of IWG, argued that the London market ‘misperceived and undervalued’ IWG. “We believe that [...]
Gymshark names bodybuilder Chris Bumstead as new shareholder September 10, 2024 Fitness apparel brand Gymshark has named bodybuilder Chris Bumstead as a new shareholder. The Solihull-headquartered business has not revealed the percentage stake Bumstead now holds. Gymshark was founded by Ben Francis and Lewis Morgan in 2012. In 2020, it was valued at more than £1bn when US private equity firm General Atlantic acquired a 21 [...]
Eleco: British software giant sees revenue soar as businesses look for AI solutions September 10, 2024 Software company Eleco has seen its revenue continue to soar as a growing number of businesses turn to tech to help improve efficiency. The listed company, which is headquartered in London and has offices across the UK and Europe, saw its revenue hit £16.2m in the six months ending June 30, 2024, up from £13.4m [...]