FTSE 100 close: London markets finish in the green despite PMI dip August 23, 2023 London markets rose today despite new PMI data showing a significant slump in UK business activity. The FTSE 100 closed up 0.72per cent after a day in the green, while the FTSE 250, which is more aligned with the health of the UK economy, climbed 1.1 per cent. S&P Global’s Purchasing Managers’ Index (PMI) for [...]
Mark Kleinman’s must-read column: It’s payback time in the debate over executive pay February 1, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking, He writes a weekly column for City A.M. Like death and taxes, rows over boardroom pay are among life’s perennial certainties. Could 2024 turn out to be a watershed year, though, in the debate over executive remuneration at the [...]
Under-offer Lookers nets £46m profit amid tough economic headwinds August 22, 2023 Car dealership Lookers, which looks set to be swiped from London markets in a £504m take-private deal, reported resilient trading in the first half against significant macroeconomic headwinds. The UK’s biggest car seller reached an agreement late last month with Global Auto Holdings – an entity linked to the Canadian Alpha Auto Group – to [...]
Rail strikes: Transport secretary and unions haven’t met this entire year September 12, 2023 Rail strikes continue to frustrate commuters but ministers are still refusing to step in to the middle of the dispute
Why 2023 has been a year to forget for the London Stock Exchange and the capital’s equity markets September 2, 2023 Take-privates and secondary listings have damaged the reputation of the London Stock Exchange. How did we get here?
BNPL firm Zilch bags $50m as boss predicts looming crisis for ‘checkout button’ rivals June 30, 2022 The boss of buy-now pay-later firm Zilch criticised the business model of ‘checkout button’ rivals today and said they would be rocked by an economic slowdown this year, as the London fintech revealed a $50m funding injection to fuel its expansion.
Peel Hunt profits plunge 99 per cent amid capital markets slowdown December 1, 2022 Peel Hunt said profits plunged by 99 per cent in the first half of the year as it is hammered by a slump in initial public offerings and volatility on the markets.
Made.com board proposes formal liquidation of collapsed furniture firm December 22, 2022 Shareholders of Made.com have been encouraged to back a board proposal to formally wind down the furniture firm through a member’s voluntary liquidation. In an update to the London Stock Exchange, the collapsed homeware firm said this would allow liquidators to realise its remaining assets pending completion of its administration. It would also allow the [...]
Welcome to the Great Green Delay, and Khan’s Ulez expansion is the first victim July 26, 2023 As Sadiq Khan’s expansion of the Ultra Low Emission zone became a flashpoint for the Uxbridge by-election, other green policies face being quietly shelved, writes Comment & Features editor Sascha O’Sullivan.
Spring Budget 2024: British ISA ‘doomed to fail’ as new policy gets mixed reaction March 6, 2024 The British ISA unveiled at today’s Spring Budget has provoked mixed reactions from the finance industry, with some arguing that it is “doomed to fail”. The new British ISA, which will be launched following a three-month consultation, allows savers to invest an extra £5,000 tax-free in UK equities, on top of the £20,000 ISA allowance. [...]