Rishi Sunak has pledged to unfreeze the personal allowance for pensioners in an attempt to shore up his vote among the elderly. The ‘triple lock plus’, as the policy is …
May 2024
IDS: Royal Mail owner’s share price rally continues as deadline for takeover by ‘Czech Sphinx’ looms
Shares in Royal Mail owner, International Distributions Services (IDS), continued to edge higher on Tuesday as the deadline for a takeover bid by Daniel Křetínský‘s EP Group approaches. IDS shares …
City law firm hits Southend United owner with lawsuit over unpaid £400,000 legal bill
City-based law firm Taylor Wessing has launched legal action against the owner of Southend United over a near £400,000 unpaid legal bill. Ron Martin is the longtime owner and chairman …
Biffa owner to buy renewable energy giant Atlantica for £2bn
London-headquartered Atlantica Sustainable Infrastructure, which is listed on the US NASDAQ, is to go private after accepting a takeover offer from a private equity firm which values it at $2.5bn …
JD Sports: ‘King of Trainers’ delays full year results by two days
JD Sports said it is delaying the publication of its full year results until Friday 31 May – two days later than initially planned. The ‘king of trainers’ was initially …
ETF Ponzi funds: How market bubbles are born every day
‘Ponzi funds’ chasing a small number of stocks are inflating asset prices by as much as $500m (£391m) every day a new paper has revealed. Actively managed funds that hold …
London-listed Berkeley Energia launches near £1bn arbitration proceedings against Spain
London-listed Berkeley Energia’s Spanish entity has filed a request for arbitration proceedings against the Kingdom of Spain over alleged violation of provisions of the Energy Charter Treaty (ECT). The Australian-headquartered …
Interflora’s losses widen as flower delivery giant attempts ‘boldest pivot in 100-year history’
Losses widened at the UK arm of flower delivery firm Interflora widened its pre-tax losses last year, as the firm continued to struggle with customers spending less. The Lincolnshire-headquartered company …
Simpsons Tavern ‘now a crime scene’: City’s oldest chophouse vandalised amid fight for survival
Simpsons Tavern, one of the City’s oldest lunch spots has fallen into disrepair as its owners battle for control of the property after it got into rent arrears during the …
Election 2024: UK crises made worse by ‘Conservative choices’, Reeves says
The UK’s “unique exposure” to economic crises “can only be explained by choices made by Conservative governments”, Labour’s Rachel Reeves has argued. Speaking at Rolls Royce, in Derby, the shadow …