Rolls-Royce has cemented its status as a darling of the London Stock Exchange after its value passed £40bn for the first time ever. The Derby-headquartered aerospace giant has seen its …
June 2024
UK borrowing totalled £15bn last month as debt nears 100 per cent of GDP
The UK government borrowed £15bn last month, almost a billion pounds more than the previous year and the highest for May since the Covid-19 pandemic. In fresh figures from the …
Election 2024: Firms have ‘nothing to worry about’ on workers’ rights, Reeves says
Rachel Reeves has told businesses that they have “nothing to worry about” when it comes to Labour’s workers’ rights reforms. Speaking at The Times CEO Summit yesterday, the shadow Chancellor …
Robinsons squash maker Britvic rejects £3bn takeover bid from Carlsberg
Britvic, the company behind brands such as Robinsons squash, has rejected a second takeover offer from Carlsberg worth around £3bn. The Hemel Hempstead-headquartered company, which has an exclusive licence with …
M&C Saatchi drafts in former Reach and McColl’s veteran as new finance chief
Advertising giant M&C Saatchi has hired Simon Fuller as its new chief financial officer, the firm announced today. The company said Fuller has held the CFO position at publisher Reach …
Lord Alan Sugar invests in The Apprentice star’s business
Lord Alan Sugar has formally invested in the company run by the winner of the latest series of The Apprentice. Rachel Woolford triumphed over pie company chief Phil Turner in …
Consumer confidence rises again in June as economic outlook improves
Consumer confidence picked up again in June, a new survey shows, in a sign that the improving economic outlook is slowly feeding through into household budgets. GfK’s overall consumer confidence …
GSK ‘unequivocally’ committed to London listing, boss says
Pharmaceuticals giant GSK has said it is “unequivocally” committed to its London listing in a soothing sign for the City after a flood of exits from the market this year. …
KPMG to cut 200 UK jobs as firm battles market slowdown
KPMG is reportedly set to slash yet more roles in the UK as the firm battles with a market slowdown. The firm is set to cut a further 200 back-office …
Retail sales blow past expectations in sign UK economy is on the turn
UK retail sales rebounded last month, according to fresh data, after a rainy April saw a slump in high street spending. Retail sales volumes rose by 2.9 per cent in …