London Stock Exchange exodus hits £107bn as Ashtead eyes the US December 10, 2024 The value of companies fleeing the London Stock Exchange for foreign markets has reached £107bn this year after FTSE 100 Ashtead announced it would be heading across the Atlantic today. In a statement this morning, the construction equipment firm confirmed a long-rumoured move to swap its primary listing to the US, where it has its [...]
Harrods: Christmas strikes set for crisis-hit department store December 10, 2024 Harrods, the crisis-hit iconic London department store, is braced for another blow as hundreds of workers voted to strike over the critical Christmas period. Employees represented by the United Voices of the World (UVW) union will walk out from 8pm on Friday, 20 December, to Sunday, 22 December, and again from 12am on Boxing Day [...]
Keep airlines’ record $1trn revenue in perspective, says former British Airways chief December 10, 2024 The global airline industry is expected to make $1trn (£783.7bn) in revenue for the first time in its history next year, as passenger demand continues to break records in the post-Covid era. The International Air Transport Association (IATA) on Tuesday forecast annual traffic would reach another all-time high of around 5bn, despite supply chain issues [...]
Easyjet: Golden goodbye for departing CEO Johan Lundgren December 10, 2024 The departing chief executive of Easyjet has been handed a golden goodbye to the tune of almost £3m ahead of stepping down next month. Johan Lundgren has pocketed £2.88m ahead of handing over to Kenton Jarvis in the New Year. The pay packet is up from the £2.19m Lundgren received in the prior year. The [...]
Khan’s Global Fighters’ Union wants TV cash to fund ‘Fair Fight’ mission December 10, 2024 Amir Khan’s Global Fighters’ Union has called for broadcasting revenue to fund better working standards for boxers, mixed martial artists and other competitors in combat sports. The Global Fighters’ Union is seeking a similar arrangement to the Professional Footballers’ Association, which receives a £25m annual subsidy from the Premier League’s TV contracts. Khan’s union, which [...]
Brick Lane Banksy destroyed by TfL due to risk of ‘anti-social activity’ December 10, 2024 Transport for London (TfL) has removed an artwork by Banksy from Brick Lane due to concerns over it encouraging "anti-social activity".
Canary Wharf takes £610m loan from investment giant Apollo December 10, 2024 Canary Wharf has borrowed £610m from American investment giant Apollo in a refinancing deal that will allow it to repay bonds due over the next two years. The company, which was acquired Brookfield Property Partners and the Qatar Investment Authority in 2015, said the loan was secured against the majority of its 1.2m square feet [...]
Property tycoon Nick Candy defects to Reform from Conservatives December 10, 2024 Property tycoon Nick Candy has defected from the Conservatives to Reform UK in a boost for the insurgent party. The former Tory donor, who is married to pop star and ex-Neighbours actor Holly Valance, told The Sun that there has been “too many broken promises and a complete breach of trust with the wealth creators [...]
Firstgroup re-enters London bus market with £90m acquisition December 10, 2024 Firstgroup said on Tuesday it had signed a £90m deal to take RATP London off the hands off its French owner.
More companies to follow Homebase and Typhoo Tea into administration following Budget, warns Begbies Traynor December 10, 2024 More UK companies will crash into administration following the tax hikes announced in Labour’s Budget at the end of October, according to Begbies Traynor. Announcing its half-year results to the London Stock Exchange, the Manchester-headquartered group said “UK insolvencies remain at elevated levels” and that it expects “continuing growth” in its business recovery division as [...]