Rumour mill: Musk takeover spells mass job cuts for Twitter staff October 21, 2022 Elon Musk has told prospective investors that he plans to axe nearly 75 per cent of Twitter’s staff, as the billionaire continues to push forward with a takeover deal. According to reports from the Washington Post, although HR teams have reassured employees that mass layoffs were not coming any time soon, documents showed that plans [...]
Gold tumbles as investor hopes of avoiding a global recession rise August 14, 2023 Gold prices have weakened in the face of a strong US dollar, with investor sentiment shifting away from the precious metal.
The Notebook: Female pensioners are keen investors – and they’re outperforming men June 25, 2024 Victoria Scholar takes the notebook pen to talk rising mortgages, how pensioners spend their money, and a new £11m London property.
‘Google of the property market’ Rightmove shrugs off housing fears to post £241m profit March 3, 2023 Rightmove, the UK’s largest property portal, saw its operating profits rise seven per cent to £241m as the group revealed it was “not materially affected” by the difficult property market. The London-listed company, which lists homes for rent and sale, also saw revenues increase 9 per cent to £332.6m up from £304.9m the prior year. [...]
Mortgage chaos set to hit banks’ bottom line as demand dries up June 18, 2023 Chaos in the mortgage market is likely to lead to big changes in lending as banks seek to find ways to capitalise on rising interest rates, analysts suggest. Over the last few weeks, the mortgage market has been in turmoil after stubbornly high inflation raised the prospect of further rate hikes. “Mounting base interest rates, [...]
The success of LVMH is a testament to the resilience of the super rich April 28, 2023 There is a deeper trend behind LVMH’s growth over the past decade and more: the resilience of high-end consumers to almost any setback.
Boohoo warns of further sales falls as tough buyer market takes its toll October 3, 2023 Fast fashion giant Boohoo’s said its revenues fell by 17 per cent in the six months to August to £729m, and warned of further sales falls in the year ahead. The online shopping brand, which has been undergoing a turnaround plan, said that in the year ending February revenues could slip by between 12 to [...]
Rents likely to continue rising sharply despite cost of living crisis August 10, 2023 Rents are likely to continue rising sharply despite the cost of living crisis, surveyors are warning. Property professionals’ expectations that rents will rise in the next few months are at the strongest levels seen so far this century, the findings from the Royal Institution of Chartered Surveyors (RICS) indicate. A net balance of 63 per [...]
Oaknorth: London looking ‘less attractive’ than peers as listing destination May 29, 2024 The boss of Oaknorth has said London’s public markets are looking “less attractive” than their international peers in a signal of the bank's thinking as it plans for a potential IPO.
Why private equity is yet to pounce on the London Stock Exchange this year May 18, 2024 As private equity firms bounced around London auditioning advisors and lawyers late last year, top dealmakers were looking forward to a return to action. But so far, they're yet to rear their head.