St James’s Place readies redundancies in cost-cutting push December 2, 2024 St James’s Place is set to make around 500 redundancies next year as part of its sweeping cost-cutting plan, according to reports. Around a sixth of the wealth manager’s non-financial adviser workforce are set to be laid off in February, an internal memo, seen by Citywire, revealed. Over the summer, St James’s Place revealed it [...]
King Henry Vlll vs Financial Literacy – Londoners speak out on Financial Education in Schools December 2, 2024 Today, the British public can recite the six wives of King Henry VIII – but if you ask about savings accounts, budgeting, career planning, or the support they had in their early years, many are left scratching their heads. A 2023 survey from EVERFI from Blackbaud UK revealed that 74% of teachers believe financial literacy [...]
Webuyanycar sales plunge by £1bn after slide in used car prices December 2, 2024 Sales at Webuyanycar plunged by almost £1bn in its latest financial year as a sharp fall in the value of used cars hit the motor marketplace, it has been revealed. The company, which is owned by Constellation Automotive, has reported a revenue of £2.57bn for the year to 31 March, 2024, according to newly-filed accounts [...]
Can rugby’s biggest social media star boost the English game? December 2, 2024 You may not have heard of her but she can claim to be the most famous name in the game – and now Ilona Maher is seemingly on her way to England and Premiership Women’s Rugby. The 28-year-old USA sevens player is a social media sensation, with 4.6m followers on Instagram and a further 3.2m [...]
Week ahead: Frasers Group and Berkeley results in focus December 2, 2024 Mike Ashley’s Frasers Group and housebuilder Berkeley are among the FTSE 100 firms due to report earnings this week, while investors will also be paying close attention to US jobs data.
Hill Dickinson capitalises on private equity’s surge in accountancy sector December 2, 2024 PE's growing presence in accountancy is driving demand for legal expertise, as firms like Hill Dickinson position themselves to capitalise
Budget could wipe out 125,000 jobs in family businesses December 2, 2024 The government’s move to limit inheritance tax relief for family-owned businesses could cost Britain roughly 125,000 jobs and significantly reduce economic activity, new research has found. The change unveiled in Labour’s first Budget could reduce the value of goods and services produced across the UK economy by £9.4bn and incur a £1.3bn net loss for [...]
MHA: Baker Tilly UK arm posts 32 per cent revenue jump December 2, 2024 MHA, the UK and Irish arm of Baker Tilly International, has reported a 32 per cent jump in half-year revenue, led by its audit and tax divisions.
Revolut crowdfunders to cash in on extended secondary share sale December 2, 2024 Some of Revolut’s earliest investors will be offered the chance to cash in on the fintech giant’s latest secondary share sale in a move that has staved off potential legal action, City AM can reveal. The British banking company has opened up the next phase of its sale to early stage investors, including those holding [...]
The government is steamrolling family farms December 2, 2024 Ministers appear to have got their understanding of farming from Ladybird books filled with smiling yokels on little red tractors, says Tim Bonner The starting point for trying to understand the current row over inheritance tax and agricultural land is that farming is an essentially illogical activity. The return on assets in farming businesses is [...]