The use of Tiktok and Reddit for investment ideas from young investors has skyrocketed, as Gen Z and Millennials increasingly turn to social media for financial advice. The number of …
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Burberry: Meet the new CEO charged with ‘rebalancing’ luxury brand as job cuts loom
Iconic British luxury brand Burberry has named Joshua Schulman as its fourth boss in a decade in a surprise shake-up for the beleaguered label. He will replace Jonathan Akeroyd, who …
Investment in London’s prime property market dried up as super-wealthy downsized
Competition from Dubai and concerns about the Labour government’s tax and spend priorities have led investment in London’s super prime property market to dry up, as the world’s super rich …
Budget cuts see profit slashed at production firm behind BBC’s The Responder
The maker of hit TV shows such as Channel 4’s Big Mood and The Responder for the BBC has seen its profit slashed in half amid “budgetary pressures” on UK …
Goldman Sachs reaps rewards from dealmaking rebound as profit doubles
Profit more than doubled at Goldman Sachs in the second quarter as the investment banking behemoth capitalised on the long awaited recovery in dealmaking. In three months to June, profit …
Household demand ‘soft enough’ to cut interest rates, Bank of England’s Dhingra says
A member of the Bank of England’s rate-setting panel has said the Bank should ease the strain on households and cut interest rates now. Swati Dhingra, widely seen as the …
Investment platforms urge ‘radical’ ISA reform to unlock £30bn in UK market
The bosses of the largest investment platforms in the UK have called for a “radical” simplification of the ISA regime, arguing that reform could unlock £30bn to boost British equities. …
Carpetright: Retailers urged to make ‘bold decisions early’ to avoid same fate
Businesses have been urged to make “bold decisions early and “avoid kicking problems down the road” in the wake of reports that Carpetright is on the brink of collapse. It …
Hawes & Curtis: Working from home prompts major pivot for brand owned by Dragons’ Den star Touker Suleyman
Hawes & Curtis, the formal menswear brand owned by Dragon’s Den star Touker Suleyman, said it will focus more on casual clothing after seeing its profit dip last year, newly-filed …
Cavendish slides to loss despite consistent growth
One of the City’s newest investment banks has slashed its dividend after sliding into the red despite rapid growth. Born out of the merger of Cenkos Securities and Finncap, which …