The Capitalist: Farmers protest heats up; Guardian strikes; Jaguar’s rebrand Diary The farmers protest escalates, Guardian hacks threaten strikes and more; catch up on the latest City gossip in The Capitalist.
How Arla Foods boss went from selling cigarettes to Lurpak and Cravendale Business A globe-trotting career that began selling cigarettes at British American Tobacco and has led to heading up the UK arm of dairy giant Arla Foods is maybe not what Bas Padberg could have predicted when he started out in the early 1990s. The managing director of the group behind Lurpak, Cravendale, Skyr and B.O.B milk [...]
Financing the Future – Saudi Arabia looks to grow its capital market Inside Saudi Ahead of FII8’s conference in Riyadh, Sir Martyn Lewis interviewed Nayef Al-Athel, Group Chief Sales and Marketing Officer, of Saudi Tadawul Group, the parent company of Saudi Arabia’s stock exchange, for Inside Saudi. Al-Athel talked about the great strides being made in the Kingdom to help facilitate capital flows into Saudi’s growing capital market. Sir [...]
‘Disaster Budget will kill UK farming’, warns chicken king Boparan November 12, 2024 Entrepreneur Ranjit Singh Boparan, whose empire ranges from Bernard Matthews to Carluccio’s, has warned the autumn Budget is a “disaster for business” and will “deliver a final fatal blow to the thousands of small family-owned farms”. Boparan added that the “inheritance tax raid” on farms announced in the Budget on 30 October “risks supply being [...]
Vodafone shares slump as FTSE 100 struggles for growth November 12, 2024 FTSE 100 telecoms giant Vodafone has reported a jump in operating profit today and reiterated its financial guidance for the year after a string of asset disposals. The company told the market this morning that revenue for the first half of its financial year had risen 1.6 per cent to €18.3bn (£15.2bn) as service revenue [...]
Revolut facing potential legal action in battle with crowdfunding platform November 11, 2024 Revolut is facing potential legal action from a crowdfunding platform after a years-long battle over the sale of its shares by early investors, City AM can reveal.
Mark Kleinman: The world’s local bank just got more complex October 31, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles HSBC’s shake-up, CBI losing its voice and recruiting a watchdog referee The world’s local bank just got more complex If it ain’t broke, don’t fix it. Investors in HSBC Holdings would [...]
Back to the 80s: Why we need to start celebrating business October 28, 2024 When Bernard Fairman founded Foresight Group, Britain had a favourable tax and regulatory environment and a culture that encouraged entrepreneurialism – and the economy boomed as a result Growing the economy is the “first mission” of the new government, with much of what Sir Keir Starmer wants to do over the next decade being reliant [...]
Klarna offloads UK loan book to hedge fund Elliott October 16, 2024 Klarna is selling off its UK loan book to the hedge fund Elliott in a deal designed to free up some £30bn to fund its global growth plans, the company has announced. In a statement today, the Swedish headquartered buy-now pay-later firm said it had signed a multi-year agreement with the UK arm of Elliott [...]
Revenue falls at Moneysupermarket’s parent due to weak broadband demand October 16, 2024 Moneysupermarket’s parent company has reported a two per cent drop in revenue to £112.9m in its third quarter, as travel and home services dragged down growth. The price comparison company said low demand for broadband and fewer smartphone launches meant revenue from home services fell eight per cent. Revenue from travel was 15 per cent [...]