Flybe looks for another tax delay, weeks after government saves airline January 26, 2020 Flybe is said to have implored airports to give it more time to find millions of pounds it owes them in unpaid landing fees. Europe’s biggest regional airline held crisis talks with airports including Birmingham, Glasgow, Aberdeen and Southampton, according to reports. It is said to be in a race against time to plug a [...]
Exclusive: Square Mile veteran Joe Nally looks back on 45 years in the City February 25, 2021 Tomorrow, Joe Nally will retire from Cenkos Securities, a firm he co-founded 18 years ago, after a career of more than 45 years in the City. Nally, who was previously a partner at Williams De Broe, is one of the few remaining individual members of the International Stock Exchange of London who is still working. [...]
British engineering firm Goodwin suffers 17 per cent dive in share price on profit drop December 19, 2019 British engineer Goodwin’s shares shed over 17 per cent this morning after reporting a “deterioration” in profit for the six months to 31 October. Pre-tax profit fell 5.1 per cent from £7.8m to £7.4m and the group expects similar profitability for the next six months. Read more: CBI urges PM to end uncertainty amid gloomy [...]
City Moves for 22 February – Who’s switching jobs at ICG, Duff & Phelps and M3 Consulting? February 22, 2019 Today's City Moves cover International Capital Group, Duff & Phelps and M3 Consulting. Take a look at these movers and shakers. Intermediate Capital Group Intermediate Capital Group (ICG) has announced the appointment of Jamie Rivers as a managing director in the UK equity and mezzanine team. He has joined from BC Partners, where he worked [...]
The answer to Britain’s housing crisis is more houses – not risky mortgages October 11, 2020 Housing experts were left scratching their heads this week after Prime Minister Boris Johnson announced his flagship policy to get young people on the housing ladder: bigger mortgages. Johnson plans to turn “generation rent” into “generation buy” by offering long-term, fixed-rate mortgages of up to 95 per cent of the value of the home. He [...]
CBI urges government to extend business loans scheme June 25, 2020 The CBI has urged the government to extend the Coronavirus Business Interruption Loan Scheme (CBILS) until November, as part of a wave of proposals to keep businesses alive as the UK faces its worst recession on record. The business body, which represents around 190,000 UK companies, today called on the government to extend the deadline [...]
Could the secret to longevity be hidden in remote Costa Rica? January 28, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. This week we revisit Ashwin Bhandari‘s trip to Costa Rica in search of the secret to long life. ••• The town hall in Nicoya, western Costa Rica, is one of the few colonial buildings left in the [...]
Coronavirus: Four new cases among ship evacuees in the UK February 23, 2020 Four UK nationals who were on board the Diamond Princess cruise ship in Japan and evacuated to Britain have tested positive for coronavirus. The Department of Health said the latest cases bring the total number of confirmed cases in the UK to 13. A repatriation flight carrying 32 Britons and Europeans from the cruise ship [...]
Boris Johnson’s New Deal: PM invokes Roosevelt in ‘radical’ infrastructure overhaul June 30, 2020 Boris Johnson has today set out plans to overhaul the UK’s planning system, to make building new homes easier, in order to fix what he termed “intergenerational injustices” in access to property. The overhaul will allow developers to change the use of buildings and land in town centres without planning permission, meaning that vacant buildings [...]
Compass hails revenue rise but warns of currency hit February 6, 2020 Catering company Compass saw organic revenue rise 5.3 per cent for the last three months of 2019 as it landed new US contracts and held onto customers. Organic revenue climbed 7.5 per cent in North America, particularly thanks to appetite among the business, healthcare and education sectors. In Europe organic revenue was flat, however, which [...]