British chip designer Arm has taken a beating, with shares sagging nearly nine per cent in pre-market trading on Thursday after its full year forecast disappointed investors. The New York …
North American Income trust ditches Abrdn as manager
The North American Income trust has ditched Abrdn as its portfolio manager, instead appointing Janus Henderson to manage it. The trust’s portfolio manager since 2012, Fran Radano, will move from …
Bank of England predicts growth tailwind as impact of interest rates wanes
The fading impact of interest rates and a larger population will provide a tailwind to the UK economy in the coming years, the Bank of England said today. The Bank’s …
Home of English cricket Lord’s set for new £61m redevelopment
The home of cricket Lord’s in north London is set for yet another multi-million pound redevelopment as the MCC pumps another £61m into the ground. Having completed a £53m overhaul …
Weatherbys: Horse racing private bank doubles profit on higher rates and expansion
Weatherbys, the private bank founded in 1770, reported a jump in profit before tax as the lender benefited from higher interest rates and growth into new markets. In its annual …
Barclays says ‘plenty of evidence’ it will meet climate targets as protesters removed from AGM
Barclays’ chair defended its record on climate change, saying there is “plenty of concrete evidence” it is on track to meet its financed emissions targets, at a feisty annual meeting …
Real Madrid and Borussia Dortmund to get UK tax break for Champions League final
Jude Bellingham, Jadon Sancho and their Real Madrid and Borussia Dortmund teammates will not have to pay any UK tax on earnings from the Champions League final at Wembley. Bellingham’s …
Workers rights row: Labour’s Rayner vows to expand protection from sex harassment to interns
Angela Rayner has vowed Labour will expand sexual harassment protections to include interns and volunteers, amid a row with unions over the party’s workers’ rights proposals. Labour’s deputy leader and …
Blackstone triumphs in Hipgnosis bidding war as Concord refuses to raise offer
Blackstone has triumphed in the bidding war for Hipgnosis Songs Fund, as rival Concord Music has refused to raise its offer. In a stock exchange announcement today, Concord said it …
Three UK boss says Vodafone merger is ‘vital’ to offset investment costs
The chief executive of Three UK has said it is “vital” that the telecoms company merges with Vodafone as its current capital expenditure levels are too high. Chinese-owned Three reported …