Alice Tai: ‘I used to cry before swimming. Now it’s my job’ August 22, 2024 Alice Tai is a Paralympic champion who has demonstrated that she is equally adept in front of the camera and in the pool. It has been some journey for an athlete who ran away from her first competition because of the crowd. The 25-year-old from Poole will head to Paris this summer looking to add [...]
Hays results ‘lay bare’ UK recruitment crisis August 22, 2024 Recent results from the UK’s leading recruitment firms have been, quite frankly, dismal: profit has collapsed across the board as firms struggle to stay afloat amid a sharp downturn in the market. The sector boomed in 2020 after the tech sector led to a surge in hiring, and increases in wage offers helped attract new [...]
Hilltop Honey secures £10m boost as it plans overseas expansion August 22, 2024 Hilltop Honey has secured a £10m banking package from Santander UK as the brand looks to gain the financial support it needs to expand globally. The banking package includes stock finance, FX facilities, invoice finance and term loan refinancing and is designed to help the start-up accelerate its growth on a global scale. It comes [...]
‘It can be spaghetti out there’: can Cityfibre take on BT? August 22, 2024 The UK’s altnet industry is a tangled mess of “spaghetti” – at least, that’s how the boss of Cityfibre put it earlier this year. Altnets, or alternative networks, such as Cityfibre, Gigaclear and Community Fibre, have emerged as competitors to the UK’s broadband giants Virgin Media O2 and Openreach. Despite their smaller scale, they have [...]
Regulator calls out Barclays and Santander for breaching retail banking order August 22, 2024 Britain's competition watchdog has rebuked Barclays and Santander UK for breaching parts of its retail banking order.
Costain chief: Super sewer-style PFIs would power up UK infrastructure August 22, 2024 The approach at the Thames Tideway Tunnel echoes the old Labour government's private finance initiatives (PFIs).
Baillie Gifford US Growth: Investor patience ‘will wear thin’ over underperformance August 22, 2024 The £643m Baillie Gifford US Growth trust is at risk of investor patience wearing thin over its failure to keep up with the strength of US markets, analysts have warned. In the trust’s annual result, it revealed that its underlying assets grew by only 16.2 per cent throughout the year, compared to a 24.8 per [...]
‘Sticky’ hurdle rates contributing to resilient UK business investment August 22, 2024 Research from the Bank shows that firms' use of 'hurdle rates' might be slowing the impact of higher interest rates.
UK credit unions report surge in loans after demise of payday lenders August 22, 2024 Lending by UK credit unions has surged in recent years, following the collapse of major payday lenders and cost of living pressures fueling a rise in demand for credit.
Exclusive: Phoenix-backed homeless housing firm in turmoil after rental collapse August 22, 2024 The future of a homeless housing investment firm set up in the mould of scandal-hit Home REIT and backed by Phoenix Group is hanging in the balance after a slew of its tenants went bankrupt or stopped paying rent, City A.M. can reveal.