Safe as houses: is it time to introduce a wealth tax? March 30, 2024 Wages in the UK have flatlined since the financial crisis of 2008. Yet in that time, the country’s richest 1000 families have seen the value of their assets triple. Should we think more seriously—and progressively—about the way we tax wealth?
The week that was: Cocoa price squeeze as UK equities’ struggles continue March 30, 2024 We recap another busy week in the City which in which we saw cocoa prices sky rocket, Flutter fly away and left Thames Water on the brink.
William Hill owner 888 announces departure from US with partial sale to Hard Rock Digital March 28, 2024 William Hill owner 888 has announced a departure from the US, after a strategic review of its business in the market.
Revenue slumps at Enquest as producer attacks ‘challenging’ North Sea operating environment March 28, 2024 Oil producer EnQuest saw revenue fall, but announced a share buyback, in a year trading that was hit by lower oil and gas prices and the continuation of the windfall tax on North Sea oil.
Direct Line to prioritise profits in bid to shake off Ageas interest March 10, 2024 The new boss at Direct Line is is bringing forward his plans for turning around the business in an attempt to rebuff a £3.1bn takeover bid from Belgian insurers Ageas.
HMV rescuer weighs up bid for The Body Shop amid continued uncertainty March 10, 2024 The man who saved HMV is considering a bid to buy The Body Shop out of administration as uncertainty around the firm's administration continues.
Morgan Stanley to stay in Canary Wharf in boost to struggling banking district March 10, 2024 Morgan Stanley has decided to retain its flagship Canary Wharf office in a major boost for the struggling financial district.
Ageas’s interest Direct Line shows just how far the UK’s insurers have come since Covid March 9, 2024 And it is hard to overstate how difficult personal line insurers—by which we mean insurers whose customers are people, as opposed to businesses—like Direct Line, Admiral and Aviva have found business in the post-pandemic era.
Senior shrugs off pandemic blip to deliver strong 2023 results March 4, 2024 Senior PLC’s Flexonics and Aerospace divisions helped it to a strong performance last year, with profit, revenue and earnings per share all up substantially on 2022.
Top fintech CEOs form body to unlock growth and shape policy March 4, 2024 The bosses of Monzo, Revolut, Gohenry and Clearscore are among some of the big names to join a body of fintech unicorns promising to “unlock growth in the fintech sector”.