Sir Jim Ratcliffe: Ineos boss bins electric vehicle plans amid ‘reluctant’ demand July 4, 2024 Production of the Ineos Fusilier SUV in both pure electric and plug-in hybrid was forecast to begin in 2027, via Ratcliffe's Ineos Automotive business.
Barclays to sell German consumer finance business in latest European disposal July 4, 2024 Barclays has struck a deal to sell its German consumer finance unit to Vienna-based financial group Bawag as the FTSE 100 lender tries to streamline its operations in continental Europe.
UK funds receive record inflows in first six months of 2024 July 4, 2024 The first six months of the year saw UK investors bet big on markets and make record deposits into equity funds, with £1.7bn added in June.
Over one million new cars registered in 2024 in post-pandemic record July 4, 2024 Data from the SMMT revealed the new car market grew 1.1 per cent in June as 179,263 vehicles rolled off factory lines.
Assura boss warns of ‘severe’ pressures on health infrastructure alongside solid results July 4, 2024 The UK's healthcare crisis is getting more severe and putting unprecedented press on the sector's infrastructure, the CEO of health property investor Assura warned alongside its first quarter results.
Smith & Nephew shares jump after activist investor Cevian takes stake July 4, 2024 The FTSE 100 firm's stock price rose as much as seven per cent in early trading, with Cevian taking a shareholding of just over five per cent.
Government should penalise UK start-ups that list abroad – City lobby group July 4, 2024 An influential City lobby group has urged the next government to explore methods of penalising start-ups that receive taxpayer-funded support if they later opt to list or move valuable operations outside the UK.
UK payment firms urge next government to make tech giants refund fraud victims July 4, 2024 The UK payments industry has issued an election-day plea for the next government to make tech giants liable for the reimbursement of fraud victims, in a bid to alter new rules placing the burden on the financial sector.
West End landlord GPE ready to ‘accelerate into favourable conditions’ July 4, 2024 In an update ahead of its Annual General Meeting (AGM) the real estate investment trust (REIT) said it had signed 12 new leases between April and the end of June.
Newriver Reit to more than double its retail portfolio following acquisition July 4, 2024 London-listed Newriver Reit has acquired the retail and town centre investment manager Ellandi in a move which will bring the landlord's assets under management to £2bn.