Prudential hopes sluggish first half won’t stand in the way of ambitious targets August 28, 2024 The firm reported that new business profit fell three per cent in Hong Kong compared to last year, when there was strong growth in the wake of the pandemic.
Incoming HSBC boss weighs middle management shake-up August 28, 2024 HSBC's incoming chief executive is reportedly considering measures like removing layers of middle management in a sign that he is looking to streamline Europe's biggest bank.
St James’s Place: How high fees hide the wealth manager’s real performance August 28, 2024 Investors who want to know how a St James’s Place fund compares to any other vehicle in the market have a problem: they just can’t do that. Traditionally, funds can be compared by taking into account the performance of their assets, minus the fees on the fund, and comparing that with other funds in their [...]
What role does foreign talent have in some of Britain’s fastest-growing companies? August 28, 2024 Foreign-born talent has once again been found leading a significant portion of the UK’s fastest-growing companies.
Kurt Geiger: London luxury brand enjoys Taylor Swift Eras Tour boost amid record handbag sales August 28, 2024 A surge in demand for denim handbags and footwear linked to Taylor Swift‘s global Eras Tour have helped sales at luxury brand Kurt Geiger jump by 35 per cent since the start of its latest financial year. The London-headquartered business said that Western and Americana-themed products have helped boost its turnover further between February and [...]
Uptick in money laundering cases reaching UK courts, KPMG data shows August 28, 2024 There has been an increase in money laundering cases being heard in front of the Crown Courts across the country, despite the backlog in the criminal justice system
Starmer to woo investors as new UK-Germany deal talks launched August 28, 2024 Sir Keir Starmer is set to woo major investors during a European trip which will see him launch negotiations for a major new UK-Germany treaty. The Prime Minister is set to meet bosses from Siemens Energy and Rheinmetall, as well as investors from Thales, Eutelsat, Mistral AI and Sanofi during visits to Berlin and Paris. [...]
City sounds alarm over Starmer’s ‘painful’ Budget warning August 28, 2024 City figures have sounded the alarm over the Prime Minister’s warning of a “painful” Budget this autumn, urging him not to “punish risk takers” and warning against “taxing wealth creators”. Sir Keir Starmer delivered his first major address from the No10 Rose Garden on Tuesday as he cautioned that the state of the public finances [...]
Why millennial parents are questioning university for their kids August 28, 2024 The rising costs of higher education—tuition fees and living expenses—have placed an enormous burden on parents, many are asking if it’s worth it, says Eliza Filby Like many parents I’m counting down the days to term time, but this year there’s a poignancy with our youngest starting school. As I prepare to wave her off at [...]
Next London runway won’t be at Heathrow or Gatwick, says Ryanair boss Michael O’Leary August 28, 2024 The viability of Heathrow and Gatwick Airport's multi-billion plans for extra runway capacity have been questioned.