Complex building requirements ‘holding back the City’ as development pipeline stalls December 5, 2024 "A large commercial scheme can take up to 10 years from a decision to obtain vacant possession through to occupation," the CPA said.
Vodafone and Three: What £16.5bn merger actually means for customers and prices December 5, 2024 After an almost 18-month battle the UK’s largest ever telecoms deal – which will see Vodafone and Three complete a £16.5bn merger – has been given the green light. Described by Vodafone as a “once-in-a-generation opportunity to transform the UK’s digital infrastructure”, the deal has now satisfied the Competition and Markets Authority (CMA) enough for [...]
The Capitalist: King tickles Starmer, a French misstep and Blair’s good advice December 5, 2024 It’s the way he tells them To the ancient Guildhall in the heart of the City at the start of this week, where the new Lord Mayor Alastair King welcomed Sir Keir Starmer for the PM’s traditional foreign policy speech. The banquet is always a grand affair; white tie, no less, with judges, ambassadors, City [...]
Harry Maguire among investors in AI lawyer’s $40m push into US market December 5, 2024 Footballers Harry Maguire and Reece James among those that co-led UK legal tech startup Lawhive raising $40m in series A funding for its push into the US
ISA changes to be government priority in 2025 says AJ Bell boss December 5, 2024 AJ Bell’s boss has said that ISA simplification is expected to be a priority for the government next year. “My understanding is that in 2025 we’ll see some progress on ISA simplification, and we’ll look to engage with government as part of that,” said AJ Bell CEO Michael Summersgill. There had been anticipation of a shakeup in [...]
Future: Investment plan looks set to pay off at publisher December 5, 2024 The Growth Acceleration Strategy is a two-year investment programme worth £25-30m, which was launched in December 2023.
Balfour Beatty forecasts higher profit as boss hails global reach December 5, 2024 Balfour Beatty said it expects post-tax profit to be ahead of last year's £205m and "slightly" ahead of a consensus figure of £209m.
Watches of Switzerland: US market lifts group sales December 5, 2024 Watches of Switzerland has reported an uptick in revenue growth due to growing demand in the US market despite luxury watch sales stagnating in the UK and Europe. In a trading update to markets today, the luxury watch firm said group revenue for the 26 weeks ending 27 October was up 4 per cent year-on [...]
Warpaint London to acquire fellow beauty specialist Brand Architekts December 5, 2024 Cosmetics firm Warpaint London has announced the acquisition of fellow beauty brand specialist Brand Architekts. Warpaint London, the company behind makeup brands W7 and Technic, told markets today it has reached an acquisition agreement for the entirety of issued and to be issued share capital of the Brand Architekts. The company said under the terms of [...]
Mike Ashley’s Frasers lowers profit guidance following Budget December 5, 2024 The retailer expects to deliver adjusted pretax profit in the range of £550-£600m for the 2025 financial year, down from £575-625m previously.