Scottish wind lifts SSE’s profit as boss says he will step down November 13, 2024 London-listed energy giant SSE delivered a substantial increase in pretax profit as boss Alistair Phillips-Davies, said he would stand down next year after more than 11 years at the helm. In the six months to September, SSE’s adjusted pretax profit rose 26 per cent, climbing to £714.5m up from £565.2m in the same period last [...]
Fuller’s pub boss warns Budget tax changes will drive hospitality to the brink November 13, 2024 The boss of pub chain Fuller, Smith and Turner has made a stark warning about the effect of recent tax rises on hospitality, warning it will increase inflation and drive businesses “to the wall”. Chair of the London-listed firm known as Fuller’s, Michael Turner, said that the changes to employer’s national insurance contributions (NICs) announced [...]
London Stock Exchange boss: Britain needs to re-think ‘weird’ view of capital markets November 13, 2024 The UK needs to view London’s capital markets as a “driver of the domestic economy” rather just a venue for share trading, the boss of the London Stock Exchange said yesterday. At an event hosted by investment bank UBS, Julia Hoggett, who has led the exchange since 2021, called on pension funds to back British [...]
Exclusive: Reeves to reveal plans for ‘world first’ private stock market Pisces November 13, 2024 The government will set out its plans for a “world first” private stock market regime tomorrow in a bid to revive the UK’s flagging IPO pipeline, City AM can reveal. At her maiden Mansion House speech in the City, the Chancellor Rachel Reeves will reveal proposals to legislate in May next year for a regulated [...]
Entrepreneurs are the ‘real heroes’ and AI is already here, says Xero’s UK managing director November 12, 2024 Alexander Von Schirmeister is not just the UK managing director of Xero, a New Zealand-based online accounting software for small businesses, he is also one of the most well-travelled people one could meet. Alex – he said he prefers to be called – grew up culturally rich. The managing director was raised in Mexico by [...]
Meeting the challenges of the reinsurance market November 12, 2024 Touching all parts of the sector, Aon is one of the giants of the global insurance industry. Insurers play a crucial role in creating a more resilient world, but they are up against a rapidly changing environment with interconnected, emerging risks and intense competition. Now more than ever, insurers need comprehensive services and global perspectives [...]
A four-day week for tube drivers is a slap in the face for Londoners November 12, 2024 Christmas has come early for tube drivers, who will now work less for more pay. But the government will regret making a deal that proves that strikes work, says James Ford More money for less work. If you’re a trade union official, that is the holy grail you are pursuing on your members’ behalf in [...]
Andy Murray swaps Centre Court for Centre Stage for own theatre show November 12, 2024 Britain’s greatest ever player has announced a four-date run in the lead-up to Wimbledon next year.
Listed legal business RBG Holdings shares drop to record low November 12, 2024 The share price of listed legal service group RBG Holdings has dropped by over 90 per cent over the last year, hitting an all time low on Friday
What the City of London wants from Reeves’s Mansion House speech November 12, 2024 Treasury officials have been hitting the phones to City firms over the past two weeks as Rachel Reeves prepares to deliver the government’s annual Mansion House speech to the financial services sector. The backdrop is a fractious one for the Chancellor. While the Labour party built cordial ties with the Square Mile in the run [...]