St James’s Place takes on Vanguard, but charges 350 per cent more August 13, 2024 St James’s Place is no stranger to high fees. Britain’s largest wealth manager has been pilloried for its high costs, from its controversial exit fee (now being phased out) to the high fees on its pension funds. Now, St James’s Place has earned a new accolade and a new issue with fees. The group’s Polaris [...]
City Moves: Who’s switching jobs in the Square Mile this week? March 3, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Knight Frank Property consultancy Knight Frank has appointed a new head to lead sales in St John’s Wood. Also joining as partner, Neir Gigi brings over 23 years’ experience from across central and northwest London property markets. Gigi, who joins the [...]
Take a look: Department store titan’s former Park Lane apartment on sale for £19.5m November 23, 2021 Harry Selfridge’s Park Lane apartment – the man behind the British department store Selfridge’s – has gone up for sale for a dear £19.5m. The Brook House apartment, being sold by estate agency Wetherell, boasts a front seat view of Hyde Park, with small glimpses of the rest of London, including its iconic red buses, [...]
Private equity giants mull $25bn bid for Novartis generics arm February 1, 2022 Two private equity giants are reportedly discussing launching a joint bid for the generics unit of pharma giant Novartis, according to reports.
Halifax: UK house price growth expected to be ‘much flatter’ 1 per cent in 2022 December 17, 2021 UK house price growth will remain robust next year but will be “much flatter” as rising inflation and interest rates, coupled with the end of government support measures, place greater pressure on household budgets. Prices are expected to inch up around 1 per cent in 2022, but “forecast uncertainty remains very high,” Halifax said this [...]
French energy firm EDF set for state takeover July 6, 2022 The French government has revealed plans to fully nationalise troubled energy firm EDF - sending shares in the debt-laden power utility sharply higher.
Itsu hopeful of return to pre-pandemic sales growth this year March 7, 2022 East-Asian inspired fast food chain Itsu has said it is confident it will return to like-for-like sales growth this year. In documents filed to Companies House last week, the high street chain posted its financial accounts for the period ended 31 December 2020. Group revenue hit £61.7m for the period, which was marred by Covid [...]
Premiership and English rugby bigwigs hounded at DCMS hearing November 24, 2022 Rugby bigwigs were scolded earlier today at the hands of the Department for Digital, Culture, Media and Sport committee at the Palace of Westminster. Premiership Rugby chief Simon Massie-Taylor was lambasted by the committee, led by the chair Julian Knight MP, while Rugby Football Union chief Bill Sweeney, too, was held to the fire over [...]
Persimmon reaps rewards of climbing house prices as profit and revenue inch higher March 2, 2022 Persimmon pre-tax profit has risen by more than £180m in the past 12 months, as new home completions and average selling prices rise. The housebuilder completed 14,551 homes in the year to 31 December, up from 13,575 in 2020. While the average selling price of homes has also increased by more than £6,500 to £237,078, [...]
Weathering pandemic storm: UK ad exports hit £11.7bn despite global disruption March 17, 2022 New data has revealed that international trade in UK advertising and market research services was worth £11.7bn in 2020, sustaining the same level as the pre-pandemic conditions of 2019.