Property giant British Land has appointed banking veteran William Rucker as its new chair, replacing Tim Score. As part of the move, the boardroom heavyweight will step down as chair …
Retirement Planning
Vanquis warns of ‘substantially lower’ profit than expected in 2024 as motor finance claims surge
Vanquis Banking Group has said it expects profit to come in “substantially lower” than analysts’ estimates in 2024 as the specialist lender faces rising costs tied to restructuring and a …
Apax backs down from Kin and Carta bidding war
Private equity heavyweight Apax has bailed on its takeover bid for Kin and Carta after it was outbid by a rival. In a stock exchange notice today, Apax said that …
FRP Advisory snaps up GWC in eighth acquisition since London IPO
Professional services firm FRP Advisory confirmed this morning it had acquired GWC, an Isle of Man based business advisory firm. The deal, FRP Advisory’s eighth acquisition since its London IPO …
Houthi attacks in the Red Sea won’t end until the people of Iran are free
As violence escalates, our columnist Eliot Wilson argues that Iranian involvement in conflicts in the Middle East can’t be ignored forever It was only a matter of time. Last Wednesday, …
Hornby makes first acquisition since major investment by Mike Ashley’s Frasers Group
Hornby has made its first acquisition since Mike Ashley’s Frasers Group invested in the company last month. The Kent-based business has snapped up the assets, trade and intellectual property of …
Changing jobs might no longer mean a pay rise as salary hikes slow
Starting salary inflation eased to its slowest rate in nearly three years, a closely watched survey showed, in the latest indication that slack is building in the jobs market. The …
UK set for recession rebound as growth returns, GDP figures expected to show
The UK economy is set to take its first steps out of recession this week with GDP figures for January expected to show a return to growth. City economists think …
London remains UK’s strongest region as capital powers country out of recession
Business activity in London remained comfortably in expansionary territory, according to a new survey, providing the engine driving the country out of a recession. Natwest’s London purchasing managers’ index (PMI) …
London fintech Flagstone notches hundred-million-plus US deal as it eyes international expansion
London fintech savings platform Flagstone has landed £108m funding from US private equity firm Estancia Capital Partners as it looks to tackle savings inertia and ramp up international expansion. Estancia …