Woodford fund manager set to return £20m to burnt investors October 6, 2022 The manager of Neil Woodford’s collapsed investment fund said today it plans to give £20m back to investors after it was warned by the financial watchdog it would be hit with a hefty bill over its role in the scandal last month.
World 12s: Plans unveiled for rugby union’s £250m answer to the Indian Premier League, featuring eight franchises playing 12-a-side, 30-minute matches September 7, 2021 Some of rugby union’s biggest names have announced plans to launch a new 12-a-side tournament, World 12s, in England next year. The competition would feature eight franchise teams playing in 30-minute matches over three consecutive weekends in August and September. World 12s chairman Ian Ritchie, the former head of the Rugby Football Union and Premiership [...]
John Lewis sets out record investment in staff as company battles to retain staff March 6, 2024 John Lewis has announced a record investment in staff pay. The changes will result in minimum pay going up around 10 per cent to £12.89 in London and £11.55 elsewhere in the UK.
FTSE reshuffle: British Land booted off premier index while Ocado dodges demotion June 1, 2023 Online grocer Ocado has dodged relegation from London’s FTSE 100 while property firm British Land lost its coveted spot among the blue-chip stocks. Fashion retailer Asos also faced demotion from the FTSE 250 ranks, according to the annual review by data firm FTSE Russell. Ocado was expected to drop off the UK’s top index after [...]
How Mick Jagger and Keith Richards’ careful planning means the Rolling Stones pay just 1 per cent tax April 5, 2024 Shrewd wealth management allows the iconic rock stars to lawfully pay minuscule tax bills relative to their earnings.
FTSE 100 firms shutting out DIY investors with corporate mumbo-jumbo, investment platform warns July 24, 2023 Top UK bosses are shutting out amateur investors from the market by using corporate waffle and overly technical language in their shareholder communication, a top investment platform has warned.
Star investor Terry Smith’s payday falls to seven-year low of £31m as fund assets fall November 14, 2023 Billionaire Terry Smith has taken home his smallest pay package in seven years after his Fundsmith investment management firm saw a dip in profit and clients pulled out money.
Fuller’s seeks to shore up cash as Covid burns up to £5m each month March 31, 2021 Fuller, Smith & Turner said on Wednesday it received a conditional extension to its debt maturities from its lenders. The extension comes after the British pub operator warned that its sales would plunge by around 80 per cent for the full year to March 2021. The company also said it was raising money from the [...]
UK app developers sue Apple for £785m over alleged App Store monopoly July 25, 2023 UK app developers are suing Apple, alleging that the company’s App Store holds an unfair monopoly. Brought before London’s Competition Appeal Tribunal by competition law expert Sean Ennis, the lawsuit represents over 1,500 mobile app developers who are seeking £785m in damages. Apple charges a 15-30 per cent commission on some payments made through the [...]
Treasury-backed fintech body calls in open banking chief as chair November 8, 2022 A government-backed body set up to boost the country’s fintech sector has appointed industry grandee Charlotte Crosswell as its chair today, as it readies to start operations following a £5.5m Treasury funding commitment last year.