Next poised to snap up major stake in fashion firm Joules August 6, 2022 Retail giant Next is in talks to snap up a major stake in London-listed fashion firm Joules, according to reports today.
Fintechs set for ‘substantial uptick’ in stock market listings as UK investment rebounds June 26, 2024 The fintech market is primed for a “substantial uptick” in IPO activity, according to Boston Consulting Group, as investor sentiment around UK start-ups rebounds after a bruising 2023.
UK’s audit sector trade bodies would not object to giving Big Four fines to the government May 19, 2022 Two of the UK’s biggest audit industry trade bodies have said they would welcome any plans to see money raised through fines against auditors given over to the UK government, in order to fund Britain’s regulatory bodies. The Institute of Chartered Accountants in England and Wales (ICAEW) and Association of Chartered Certified Accountants (ACCA) both [...]
UK car production falls for eighth consecutive month following chip shortages March 25, 2022 The UK’s automotive output fell 41.3 per cent in February as chip shortages don’t seem to end. According to data from the Society of Motor Manufacturers and Traders (SMMT), car production went down to 61,657 units produced, the worst February since 2009. Production for the domestic market went down 35.8 per cent, while overseas markets [...]
‘Recession may have begun’: UK economy craters 0.5 per cent in July September 13, 2023 Data from the Office for National Statistics (ONS) showed that the economy contracted 0.5 per cent in July. Economists had predicted a smaller fall of 0.2 per cent.
Inflation ahead of expectations in blow for June interest rate cut hopes May 22, 2024 At the Bank of England's last meeting earlier this month, policymakers confirmed that they were considering cutting interest rates.
Severe imbalances in jobs market are ‘unsustainable’ for businesses December 9, 2021 Severe imbalances in the UK jobs market are “unsustainable” for businesses and will clamp down on Britain’s recovery from the pandemic, according to a new report released today. Red hot demand for workers is rubbing up against weak supply, causing wages to lift off, research by consultancy KPMG and the Recruitment and Employment Confederation (REC). [...]
Consistency, not speed is more important to save the City from stagnation December 8, 2023 The UK is attractive for investment because of the stability of our regulatory system - we shouldn’t lose the value of this for the sake of meeting artificial deadlines, writes Karim Haji
Exclusive: Canary Wharf Group chairman among business voices backing Sadiq Khan May 1, 2024 Canary Wharf Group chairman Sir George Iacobescu is among dozens of business voices backing Sadiq Khan ahead of Thursday’s mayoral election.
Retail sector pins hopes on King’s coronation to lift sales April 12, 2023 Shoppers put cost of living fears behind them as they splashed out on Mother Day gifts in March, helping to slightly boost retail sales, but damp weather and soaring inflation has left the sector holding out for the King’s coronation in May to see a “larger uptick” in sales. According to data by the British [...]