Big Six energy firms ‘asleep’ and should be worried, Yu Group chief warns after record profits March 14, 2023 The Big Six are “asleep” and should be worried about challengers scooping up their customers, argued the boss of Yu Group.
HSBC is overstating Asia demerger cost, Ping An claims August 11, 2022 Britain’s largest bank HSBC is blowing up the financial hit from carving out its Asia business to water down pressure from its biggest shareholder to demerge, sources close to the matter said. Chinese insurer Ping An claimed selling off the high street lender’s highly profitable Asia arm would unlock $35bn (£29bn) in value for shareholders [...]
US investment firms snap up BETA+ for $1.1bn from London Stock Exchange Group March 21, 2022 Investment giant Clearlake Capital and tech specialist Motive Partners have come together to snap up data firm BETA+ from the London Stock Exchange Group today, for a value of $1.1bn.
Inflation jitters deal chilling blow to London markets June 10, 2022 Fears over inflation dealing a chilling blow to the global economy and the prospect of a more restrictive monetary policy environment weighed on London markets today. The capital’s premier FTSE 100 index dipped 0.94 per cent to 7,405.77 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
TfL looks for investment partners to take up office space at Bank, Southwark and Paddington stations May 20, 2022 Transport for London is looking for an investment partner to work on commercial developments at the sites of Bank, Paddington and Southwark stations. In a bid to reduce its reliance on fares for income, TFL is looking to offer commercial office space at the stations which could generate significant revenue. All three sites have either [...]
AJ Bell customers surge despite slide in assets under administration July 21, 2022 Retail investment platform AJ Bell reported a surge in customer numbers in the past quarter but said that assets under administration dipped five per cent as volatile markets rocked investors’ bets.
Westfield extends Disney media collaboration until 2024 February 17, 2022 Westfield have agreed a three-year extension to its long-term collaboration with Disney UK – tying the media company to Westfield London and Westfield Stratford City until December 2024. The new agreement will see 360 integration into Westfield’s media and experiential inventory, including event sponsorship, branded experiences, and co-branded digital and static media, as well as print and digital amplification. [...]
FCA to clamp down quicker on firms using permissions to dupe consumers May 19, 2022 The City watchdog is clamping down on firms using regulatory approvals to dupe consumers. The Financial Conduct Authority (FCA) is set to use new powers to allow it to revoke businesses’ permits to carry out regulated activity quicker, it announced today. The regulator is now able to cancel or change a firm’s permission if it [...]
Joules: Margins continue to be under pressure as shoppers seek out sale items July 19, 2022 Prestige retailer Joules has said discount-hungry consumers have intensified pressures on margins while expecting yearly profit to surpass expectations. The clothing and lifestyle brand admitted gross margins had “remained under significant pressure” after “consumer appetite” was focused on marked down products. Shoppers have been hunting for reductions amid monster hikes in energy and fuel bills, [...]
Inspired Energy’s shares slide as concerns over Gazprom Energy’s future mount March 21, 2022 Inspired Energy's shares have sunk on the FTSE AIM All-Share today, warning of a £3m hit if Gazprom Energy ceases trading