Nottingham Forest have been unsuccessful in their effort to get a four-point deduction for breaching Premier League financial rules reduced on appeal, according to reports. The club were hit with …
May 2024
Small trust worth £30m moves in for £600m Abrdn Asia Dragon
A £30m emerging markets trust that is only a year old has moved to buy the under-performing £600m Abrdn-managed Asia Dragon trust. Ashoka Whiteoak Emerging Markets, which launched in May …
Green light given to class-action lawsuit over electricity costs
Millions of UK electricity customers may receive compensation for elevated electricity costs between 1999 and 2009, the firm representing the lawsuit said today. The Competition and Appeal Tribunal (CAT) approved …
Castore: Andy Murray-backed sportswear brand makes first acquisition since near £1bn valuation
Castore, the sportswear brand backed by the likes of Andy Murray and the billionaire co-owners of Asda, has made its first acquisition since it was valued at almost £1bn. The …
Nissan chief warns China’s EV car market is a ‘survival game’
Nissan’s chief executive has described the Chinese market as a “survival game” after the Japanese carmaker cut its estimates for car sales due to fierce competition in the region. Speaking …
UK to bid recession farewell as debate over state of the economy heats up
New figures out this week are set to show that last year’s shallow recession has come to an end as political debate about the state of the economy heats up. …
Rachel Reeves: Nigel Lawson was ‘right’ on not abolishing National Insurance
Rachel Reeves has argued Conservative Chancellor Nigel Lawson was “right” when he “dismissed the idea of abolishing national insurance nearly forty years ago”. Labour’s shadow Chancellor, speaking in the City …
UK construction activity recovers despite housebuilding struggles
Business activity in the construction sector expanded at its fastest pace in over a year in April, but housebuilding continued to struggle, a new survey shows. Looking across the construction …
UK housebuilding could fall to half of target without intervention new report warns
The number of new homes built in England could fall to half of the government’s target without intervention, according to a new study. According to the FT, Savills has warned …
How Miu Miu escaped the luxury slowdown which hit LVMH, Gucci and Watches of Switzerland
A profit warning from Gucci, fall in revenue from Watches of Switzerland, and a stall in sales at LVMH have investors asking whether luxury companies have hit a stumbling block. One firm is proving …