Storm Bert: Great Western Railway suspends London Paddington services November 25, 2024 Train services between London Paddington and both South West England and south Wales have been severely impacted by the effect of Storm Bert. Great Western Railway (GWR) has suspended services on ‘all key routes” due to flooding and fallen trees while other operators have cancelled services today while more than 180 flood warnings remain in [...]
Barclays fined over ‘reckless’ failure to disclose Qatar links November 25, 2024 The Financial Conduct Authority (FCA) has hit Barclays with a £40m fine today for failing to disclose ties with certain Qatari investors as it scrambled to avert a government bailout during the financial crisis. In a statement today, the City watchdog said the FTSE 100 lender’s conduct through during a capital raise in 2008 was [...]
Alan Sugar’s property empire returns to profit after huge loss November 25, 2024 The Apprentice star Lord Alan Sugar’s property empire returned to the black during its latest financial year after recovering from a huge loss, it has been revealed. Amshold, the company which Lord Sugar holds his property investments, achieved a pre-tax profit of £932,000 for the 12 months to 30 June, 2024. The latest figure, revealed in [...]
B&Q and Screwfix owner Kingfisher: Weak trading in France and £45m tax hit cause shares to plummet November 25, 2024 Shares in Kingfisher, the parent company of B&Q and Screwfix, have dropped nearly 13 per cent after it tightened profit guidance due to weak trading in France and a higher tax bill in both France and the UK. Kingfisher expects the impact of changes to employers’ national insurance contributions (NICs) announced in the UK’s latest [...]
Anglo American: FTSE 100 miner agrees sale of remaining coal business November 25, 2024 The deal consists of an upfront cash payment of $2.1bn upfront as well as $725m deferred payment.
Why Premier League has opened door to a ‘Netflix of Football’ November 25, 2024 Friday's vote could be a watershed moment that transforms the way the world’s most popular league is consumed around the world.
UK venture capital industry not attracting enough domestic funding, says report November 25, 2024 The UK’s venture capital industry is not attracting enough funding from domestic investors compared with the likes of France and Germany, a report from the sector’s industry body has warned. Venture Capital in the UK, a new annual paper from the British Venture Capital Association (BVCA), found the country’s risk capital sector had shown “resilience” [...]
Neobroker Lightyear to launch ISAs in challenge to Hargreaves Lansdown November 25, 2024 Neobroker Lightyear has received approval from the City regulator to launch as a fully-fledged investment firm in the UK amid intensifying competition in the sector.
Barclays and Aviva help raise £250m to support female entrepreneurs November 25, 2024 The Invest in Women Taskforce has secured over £250m from investors, including Barclays, Morgan Stanley and Aviva, to fund the support of female entrepreneurs. The Taskforce was set up to boost investment in female-led companies and improve access to funding for entrepreneurs. The £250m fund, which was announced today, will be deployed via female investment [...]
Substance must overtake style if Jaguar’s to stay in the race November 25, 2024 Jaguar, whose corporate rebranding exercise sparked a wave of mockery and confusion last week, has met the backlash with a plea for people to “reserve judgment.” This optimistic request suggests that, despite the achingly progressive sentiment behind the carmaker’s new attitude, it doesn’t really understand the internet. Asking social media users to reserve judgement is [...]