Britain’s competition watchdog has today referred the proposed tie up of Vodafone and Three UK for an in-depth investigation, as expected, and has appointed an inquiry panel to conduct the …
April 2024
UK services sector continues to grow driving fears of ‘sticky’ inflation
The UK’s all-important services sector lost some momentum in March but its strong start to the year remained broadly intact, according to a closely watched survey. S&P’s purchasing managers’ index …
UK investors pour record amounts into US equity funds as they continue to flee the London Stock Exchange
New data has revealed that UK investors have pumped record amounts of cash into US equity funds this year while pulling cash from the domestic market, in another troubling sign …
Baillie Gifford’s Schiehallion offsets concerns about private company values with NAV growth
Schiehallion, the Baillie Gifford private equity investment trust, said on Thursday that during the financial year to 31 January 2024, its ordinary share net asset value (NAV) returned negative 0.9 …
Future: Marie Claire and Country Life publisher returns to growth as mags continue to sell
Shares in Future climbed over 11 per cent on Thursday morning after the media group said it returned to revenue growth in its second quarter as its Go Compare price …
Gulf Marine Services upgrades outlook again and raises prospect of a dividend as oil sector booms
Oil field service provider Gulf Marine Services (GMS) has posted a strong set of end-of-year results, with net profit, revenue, and margins all up and its debt burden coming down. …
Worst Corporate Jargon of the Week: Talent
Every one of us has been an email chain which is borderline unintelligible for the amount of corporate lingo thrown in there. At City A.M., we’re taking a stand and …
Abrdn shareholders should oppose finance chief’s £675k salary says proxy advisor as boss handed £800k bonus
An influential proxy advisor has urged Abrdn shareholders to vote against the asset manager’s pay report due to its new chief financial officer’s £675,000 salary, despite his pay matching the …
One of London’s most expensive mansions has been bought by UAE president MZB
Sheikh Mohammed bin Zayed Al Nahyan, the president of the United Arab Emirates, has reportedly bought one of the most expensive homes in London. A mansion built on the site …
Treasury urged to reform tax system in bid to boost US-style philanthropy
The culture secretary, Lucy Frazer, has been trying to persuade the Treasury to reform the tax system to encourage US-style philanthropy, according to a report. The UK sees much lower …