Close Brothers restarts motor finance lending following landmark ruling November 21, 2024 Close Brothers has restarted its motor finance lending practice a month after a landmark court ruling over the legality of its business. On 25 October, a court ruled that a broker could not lawfully receive a commission from the lender without obtaining the customer’s fully informed consent to the payment, sending the entire motor finance [...]
JD Sports: Shares slump as profit at FTSE 100 giant to be at lower end of expectations November 21, 2024 JD Sports has revealed its full-year profit will now be towards the lower end of its expectations after softening consumer demand hit its sales. The Greater Manchester-headquartered FTSE 100 giant had previously set a target for its pre-ta profit of between £995m and £1.035bn but it has now confirmed the total will be towards the [...]
Liontrust: Asset manager launches cost-saving spree as profit shrinks November 21, 2024 Liontrust’s profit continued to sink over the last six months, as the asset manager reported a 28 per cent drop in adjusted profit before tax. Despite a drop in adjusted profit before tax to £25.8m, the group pledged a share buyback programme of up to £5m over the next six months in its half-year results. [...]
Ed Warner: Gold rush for athletes as sport venures into crazy territory November 21, 2024 Too much money chasing too few goods spells inflation. In the madcap pursuit of novel sporting ventures it is the athletes whose prices are swelling.
A MAGA playbook for business November 21, 2024 What did one of Britain’s top storytelling and speaker coaches learn from a Trump rally? As a storytelling and speaker coach, I am usually behind the stage in rehearsal rooms, hotel rooms, green rooms or board rooms, crafting, dissecting and honing speeches, refining messages, and coaching leaders on their delivery. On a hot southern Sunday [...]
Rachel Reeves needs to channel Alexander the Great, says City group November 21, 2024 The Association of British Insurers called on Rachel Reeves to break the “regulatory Gordian knot” last night – Hannah Gurga told City AM why the group is calling for faster reform. According to ancient Greek legend, he who untied the Gordian knot was destined to rule over the whole of Asia. Unravelling the stubborn splice [...]
New report warns DPAs should not be seen as ‘a cost of doing business’ November 21, 2024 The use of deferred prosecution agreements doesn’t stop corporate fraud, and may be actively encouraging it, says new paper by think tank, IEA
The Capitalist: Farmers protest heats up; Guardian strikes; Jaguar’s rebrand November 21, 2024 The farmers protest escalates, Guardian hacks threaten strikes and more; catch up on the latest City gossip in The Capitalist.
Mark Kleinman: Handbags (and more) at dawn for activist Ashley November 21, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles Mike Ashley’s newfound penchant for activist investing, Homebase’s turnaround and and Burberry’s flip-flopping Handbags (and more) at dawn for activist Ashley Paul Singer, Bill Ackman…and Mike Ashley? On the list [...]
Football regulator delay fears after Lords ask for 158 changes to bill November 20, 2024 The prevaricating is also likely to mean hard-up clubs below the Premier League enduring a longer wait for an increase in financial distributions from the top flight.