DAC Beachcroft: Law firm reports ‘more cash and less debt’ due to sector approach August 14, 2024 Law firm DAC Beachcroft saw steady growth as it recorded a turnover of £326.5m as the sector approach strategy has resulted in "more cash and less debt"
Beachside buying: One in six DIY investors pick portfolios by the pool August 14, 2024 One in six do-it-yourself UK investors are indulging in sun,sand, and stockpicking by managing their portfolios at the poolside, new research has revealed. Some 20 per cent of male investors and 11 per cent of female investors admitted to buying and selling stocks by the pool, according to a 1,000 person study from digital investment [...]
Therese Coffey: Former Tory deputy PM applied for Labour Treasury job August 14, 2024 Former Conservative deputy prime minister Therese Coffey reportedly applied for a senior role in the Treasury under Labour. The ex-MP – who lost her Suffolk Coastal seat at the general election among some 200 Tories who failed to secure re-election – put herself forward for the role of UK director at the European Bank for [...]
From London to Riyadh: Law firm Addleshaw Goddard’s global growth powers turnover boost August 14, 2024 Law firm Addleshaw Goddard reported double-digit growth for the financial year ending April 2024, driven by global growth and strategic investments
Ultimate Products: Russell Hobbs seller hit by overstocking woes August 14, 2024 Consumer goods giant Ultimate Products, which owns Britain’s oldest homeware brand Salter and sells certain Russell Hobbs items under license, has seen its profit dip after supermarket overstocking issues. The London-listed group, which is headquartered in Oldham, reported an adjusted pre-tax profit of £14.5m in the 12 months ending July 30, 2024, down from £16.8m [...]
US accuses Georgia government of running scam call centres August 14, 2024 The Georgian government has been accused of operating scam call centres that defraud UK investors of millions each year. The Commission on Security and Cooperation in Europe – also known as “the Helsinki Commission” – called on the US State Department to launch an immediate crackdown on the Georgian Dream party. A statement released by [...]
Mars to gobble up Pringles owner Kellanova in £28bn deal August 14, 2024 Mars, whose brands include M&M’s, Snickers and Skittles, is to buy food giant Kellanova for $35.9bn (£27.9bn), it has been confirmed. Kellanova, which was created when the Kellogg Co, which was formed in 1906, split into three companies, and owns brands such as Pringles, Cheez-Its and Pop-Tarts. In a statement, Mars Inc said it will [...]
Rising London rents are ‘a pressure cooker ready to explode’ as home ownership ‘inching out of reach’ August 14, 2024 “A pressure cooker ready to explode” is how one expert has described the current situation in the UK housing market as data showed rents jumped close to 10 per cent in London over the past year. In fresh data released this morning it was revealed that average UK private rents increased by 8.6 per cent [...]
Meet London’s top insurtech companies August 14, 2024 In the heart of London, where tradition meets innovation, insurtech is turning the City's financial pulse into a dynamic playground. Meet the City-based companies that were named top insurtechs, globally.
Visa guidelines must be reassessed to avoid ‘another blow’ to UK talent, tech founders warn August 14, 2024 What impact will the new visa guidelines have on business growth in the UK if not reassessed?