The viral videos of bed bugs on buses, and supposedly in airports and on Tube carriages, gave most of us a shock at the end of last year – but …
Retirement Planning
Wework founder Adam Nuemann bids to buy co-working firm back for £394m
Wework founder Adam Neumann has submitted a $500m (£394m) bid to buy back the troubled co-working business. Neumann submitted the offer but it was not immediately clear how he would …
Bank of England’s Mann: Markets are pricing in ‘too many’ interest rate cuts this year
Markets are pricing in “too many” interest rate cuts this year following the Bank of England’s latest decision, a member of the Monetary Policy Committee (MPC) said today. Following last …
Ember: All-electric intercity bus network backed by Monzo co-founder Tom Blomfield raises £11m
Ember, a company which is creating one of the UK’s first all-electric intercity bus networks, has raised an extra £11m. The Scotland-based business has secured the additional funding through a …
Bellway reports signs of life in the housing market as buyers return in February
Shares in housebuilder Bellway ticked lower in early deals this morning after the company reported a fall in profit for the six months to the end of January. Profit before …
Brick maker Michelmersh defies construction downturn as investors net bumper payout
Brick maker Michelmersh has announced a bumper payout for investors this year after defying a wider downturn in the UK construction sector. The Sussex-based company hiked its dividend by 5.9 …
The Co-operative Bank to slash 400 jobs in cost-cutting drive
The Co-operative Bank has announced that it plans to cut around 400 jobs as the lender looks to reduce costs. The bank said on Tuesday it was embarking on a …
Historic ceramics maker Portmeirion slips to a loss despite ‘good’ Christmas
Portmeirion Group, the historic maker of ceramic tableware and cookware, slipped to a loss during 2023, it has been confirmed. The company, whose brands include Portmeirion, Spode, Royal Worcester, Pimpernel, …
Goldman Sachs-backed Petershill’s fee earnings hit by dealmaking slump
Petershill Partners has posted a drop in earnings from its partner firms’ fees amid a “challenging external backdrop” as higher interest rates stifled dealmaking last year. The Goldman Sachs-backed firm …
Turnover nears £100m at maker of Taskmaster, Not Going Out and Catastrophe
The maker of TV shows including Taskmaster, Not Going Out and Catastrophe saw its turnover increase to nearly £100m during its latest financial year. The London-headquartered Tiverton 2 group, which …