What do analysts think of BHP’s £31.1bn proposal for Anglo American? April 25, 2024 Though the proposal mandates divesting two of Anglo American's problem children, it appears BHP is fine with keeping diamond brand De Beers.
Sanjeev Gupta’s Liberty House Group hit with €140m freezing injunction November 1, 2023 Steel giant ArcelorMittal has secured a €140m freezing injunction in Singapore against the Liberty House Group, and seeks to file a worldwide freezing order. According to Argus Media and the Financial Times, the High Court of Singapore granted ArcelorMittal arbitration award for a freezing injunction that prohibited the transfer of Liberty’s Singaporean assets outside the [...]
HSBC considers leaving Canary Wharf HQ September 29, 2022 HSBC is considering leaving its iconic Canary Wharf headquarters when its lease expires in early-2027. The bank is carrying out a review of “the best future location in London” for its global headquarters, according to an internal memo seen by Financial News. HSBC’s options include either renovating its current building or moving to another London [...]
Heatwave: Extreme Red warning announced as temperatures to fetch record-breaking 40c next week July 15, 2022 The UK Met Office has issued a red extreme heat warning as temperatures of 40c are forecast for the first time. The move comes ahead of forecasts that next week on Monday and Tuesday it is expected to reach between 38 and 40 degrees. The record temperature for the UK is 38.7C reached in 2019. [...]
Businesses Host 280 Female Students To Shine a Light on Careers in The City March 12, 2024 Last week the Square Mile hosted 280 young people for We Can Be 2024, allowing them to gain an exclusive glimpse into some of The City’s most prominent businesses. Part of The Lord Mayor’s Appeal’s aim to create A Better City For All, the annual initiative matches 18 schools from London and Suffolk with 18 [...]
Halfords revenues rise as consumers sniff out budget auto care September 6, 2023 Halfords reported a 14.1 per cent hike in revenue for the first five months of the year as the retailer was bolstered by demand for “basic needs” services such as motoring. The motoring and cycling retailer said that revenue in its autocentres division grew 34.6 per cent and retail rose 3.7 per cent. Halfords has [...]
The making of a mayor: What powers do they actually have? May 2, 2024 In England and across the world, mayors have wildly disparate powers. So how do they stack up? Lucy Kenningham explains
Lidl opens its largest ever warehouse in Luton September 5, 2023 Lidl has opened its biggest warehouse worldwide, which is worth £300m, in Luton creating over 1,000 new jobs. The German discounter said the 1.2m sq ft site in Houghton Regis, Luton, will service 150 stores and open up 1,500 new positions. The regional distribution centre (RDC) will feature solar panels that are set to generate [...]
Dexters snaps up sixth rival agency in 12-months in London property boom July 25, 2022 London estate agents Dexters yesterday snapped up its sixth competitor in the past year, as it looks to make significant headway in the capital’s booming property market. Dexters declined to comment on the price of the agreement, but industry sources believe the deal for Conran was a seven-figure sum. “London has bounced back from [...]
CMC Markets: Tory peer’s listed trading platform appoints new CFO amid slowdown September 4, 2023 Online trading platform CMC Markets, owned by Tory peer Lord Cruddas, has appointed Albert Soleiman as its chief financial officer, replacing Euan Marshall. Soleiman first joined CMC in 2005, remaining at the company until 2019 when he joined Bitfury UK, a blockchain technology company, as global tax director. He rejoined the London-listed firm a year [...]