HSBC: The questions investors want answered on Elhedery’s East-West split October 22, 2024 HSBC’s new chief executive has made his play to cut costs and home in on core divisions at Europe’s biggest bank, including splitting its businesses into Eastern and Western camps amid geopolitical tensions.
Wickes returns to growth but warns pent up DIY demand is easing October 22, 2024 Home improvement firm Wickes reported it had returned to growth over the summer today but warned its sales were likely to wane as pent up DIY demand eases in the coming months. The London-listed retailer reported a 2.1 per cent growth in revenue, or 0.4 per cent on like-for-like metrics, with retail revenue growing by [...]
Gabriel Jesus needs a second coming at Arsenal. Is this his chance? October 22, 2024 When Gabriel Jesus latched onto a loose ball, dummied a defender and slotted low into the net against Lens in November last year the Arsenal striker set a new Champions League record. It made Jesus the only player from any English club to score in each of his first four games of the season in [...]
‘Incredible undervaluations’: Why this boss thinks the time is right to float on AIM October 22, 2024 A new acquisition vehicle announced plans to float on AIM last week despite a barrage of warnings over its future ahead of the budget. Its boss, Iain McDonald, tells City AM why. In a letter to the City minister, Tulip Siddiq, last month, the boss of the London Stock Exchange had some stark words on [...]
A warning to Reeves: These tax rises will damage UK competitiveness October 22, 2024 Not only is the UK tax burden at record levels, but we are raising money in a more damaging way than our competitors. And the Budget could be about to make things even worse, says Daniel Herring Next week, Rachel Reeves needs to try not to make the UK’s tax system worse. Yesterday the US-based [...]
Margaret Thatcher’s Westminster home is up for sale October 21, 2024 Political junkies, rejoice! The central London house, which served as Margaret Thatcher’s home after she fell from power and John Major’s headquarters during his tenure, is officially up for sale at £3.65m. The three-bedroom Georgian townhouse on Great College Street packs a political punch. It has also served as a place for Conservatives to gather [...]
Number of UK house sales jumped by a third after rates cut, before Budget October 21, 2024 Despite uncertainty about the coming Autumn budget, buyers continued to pile into the property market after the Bank of England cut interest rates, with the number of homes sold up by a third year on year. The number of sales agreed rose by 29 per cent, while the number of potential buyers contacting estate agents [...]
Arne Slot continues strong start to Liverpool career with Chelsea win October 20, 2024 Arne Slot’s brilliant start to life as Liverpool manager continued on Sunday as his side beat Chelsea 2-1 at Anfield. Curtis Jones starred in a game of contentious refereeing decisions as Slot’s Merseyside club remained top of the Premier League table. The victory was his 10th in all competitions at the helm of Liverpool. Of [...]
Major change planned for tallest skyscraper outside London October 18, 2024 A proposed 76-storey tower planned for Manchester city centre, which would be the tallest skyscraper in the UK outside London, is in line for a major change. Developer Salboy, which was co-founded by Fred Done who set up Betfred with his brother Peter, is on the verge of resubmitting its plans for Viadux 2 to [...]
London prime property prices steady despite Budget and non-dom uncertainty October 18, 2024 Property prices in London’s prime residential market have shown resilience despite buyer jitters ahead of the much-discussed Autumn Budget. While speculation on what taxes Reeves might increase has reached fever pitch – and those taxes are likely to affect the property market – prices picked up in the third quarter. There was a 1.8 per [...]