Mercia Asset Management has raised £60m for three of its venture capital trusts focused on the North of England. In September, the trusts launched a share offer for £42m, with …
Retirement Planning
St Patrick’s Day in London: The best places for Guinness & oysters
The capital’s love affair with the briny bivalves stretches back to the early 19th century when it’s thought Londoners were consuming more than 700 million of the shellfish every year. …
Why the Bank of England will keep interest rates on hold despite lower inflation
The latest clutch of data is unlikely to change the Bank of England’s thinking ahead of its decision on interest rates next week. The UK economy returned to growth in …
Direct Line rejects ‘highly opportunistic’ raised takeover offer from Ageas
Direct Line has rejected a raised takeover offer made by Belgian insurer Ageas valuing it at around £3.11bn earlier this month, calling it “uncertain, unattractive” and “highly opportunistic”. In a …
EY’s incoming chief Janet Truncale names four global bosses in new leadership team
EY’s incoming CEO has shuffled her leadership team ahead of her taking over the role later this year, as she names four global managing partners to help her run the …
Numa launches first UK site in Bloomsbury as London’s hotel market picks up steam
Berlin-based accommodation group Numa has announced the launch of a new hotel in London, with plans to expand to the rest of the UK. The group operates as a “fully …
Why Porsche can’t rely on the iconic 911 any longer
Volkswagen-owned Porsche is at the starting line of a major transition year. The luxury carmaker warned this week its profitability will decline this year despite hiking its dividend on the …
FCA chief Rathi: Pension industry must ‘tackle questions’ on risk appetite
The pension industry needs to “tackle questions” about its risk appetite as the government piles pressure on the sector to pump more cash into UK-based companies, the chief of the …
Helm: Meet the founders-only club that’s powering London’s entrepreneurs
Andy Silvester meets Andreas Adamides, the founder who is helping others on their entrepreneurial journey as the boss of Helm, the members club / learning network for scaling-up founders If anyone …
Lending to small and mid-sized firms drops for third straight year as banks pull back
According to new data, lending to small and medium-sized enterprises (SMEs) dropped for a third straight year in 2023 as businesses turned to specialist lenders instead of big banks. Figures …