The Bank of England has faced a growing tide of criticism that it risks being too slow in cutting interest rates having failed to respond quickly enough when inflation started to …
March 2024
Talent agency that looks after Simon Cowell, Graham Norton and Claudia Winkleman sold for £60m
The London talent agency that represents the likes of Simon Cowell, Graham Norton and Claudia Winkleman has been sold for £60m. YMU, whose clients also include Nicole Scherzinger, Stacey Solomon …
DFS issues Red Sea delivery delays warning as furniture giant slashes expectations
DFS has warned that the ongoing chaos in the Rea Sea could continue to impact its balance sheet as it revealed a reduced financial performance. The furniture giant has said …
Unilever to spin out ice cream business -including Ben & Jerry’s
Unilever is separating its ice cream business in a bid to create a leaner business, the consumer goods giant said this morning. The firm’s near-$8bn turnover ice cream division includes …
Tech jobs market ‘challenging’ warns recruiter as headwinds hit sector
Recruitment firm SThree reported that the jobs market was “challenging” in the first couple of months of 2024 as hiring activity in the tech industry remained muted. Net fees at …
Diageo drafts in former head of civil service Sir John Manzoni as new chair
Drinks maker Diageo has brought in a former senior civil servant and BP executive as its new chair. The business leader will take over from Javier Ferrán when he retires …
Close Brothers looks to strengthen capital position with dividend suspension in response to motor finance probe
Close Brothers has outlined measures that could boost its capital position by around £400m in response to potential compensation costs tied to a Financial Conduct Authority (FCA) review into historic …
Trustpilot swings to profit as monthly users soar
Trustpilot has turned a profit of $7m (£6m) in its full financial year, swinging back from a loss of $15m (£12.8m) in 2022. The global review platform said revenue climbed …
Lurpak owner Arla Foods to spend nearly £180m to export mozzarella
Arla Foods, the maker of brands including Cravendale, Skyr and B.O.B milk, has announced plans to spend almost £180m to enable the business to export mozzarella across the world in …
How to boost business with a pen stroke? Reform international banking fees
Hidden fees for international payments isn’t a sexy topic, but giving it some attention could transform opportunities for small businesses, writes Steph McGovern, host of The Rest is Money podcast …