The Coventry Building Society Arena lost more than £4m in the first six months after being acquired by Mike Ashley, it has been revealed. The billionaire retail tycoon took over …
Estate Planning
Struggles continue at NHS 111 operator Totally as boss warns of ‘unforeseen pressure’
NHS outsourcer Totally has warned of “unforeseen pressure” on its services after it initiated a restructuring to manage growing costs. Higher than anticipated agency staff costs and delays to the …
PwC and EY handed multimillion-pound fines for London Capital & Finance audits
Three firms, including PwC and Ernst & Young (EY), have been handed multimillion-pound fines by the accounting watchdog for their audits of London Capital & Finance (LCF), a minibonds firm …
TSB owner Sabadell rejects BBVA’s £10.3bn takeover bid which ‘undervalues’ bank
Banco Sabadell, the Spanish owner of British high street bank TSB, has rejected a €12bn (£10.3bn) all-share merger proposal from its bigger domestic rival Banco Bilbao Vizcaya Argentaria (BBVA). Sabadell, …
BP reports profit drop as lower oil prices hit earnings
BP has reported a drop in profit for the first quarter of the year and higher net debt amid lower oil prices. The UK oil major reported underlying replacement cost …
IWG maintains full-year guidance amid US listing talk
Hybrid work specialist IWG has said it is on track to meet full-year profit and debt reduction forecasts, after it cautioned over rising costs in March. The Wework rival posted …
Halifax: House prices stagnate in April as affordability issues push buyers towards flats
According to new data from Halifax, house prices rose by just 0.1 per cent in both London and the UK in April. The average house price is now £539,336 in …
UBS sails past earnings estimates as it aims to draw a line under Credit Suisse deal
Swiss banking giant UBS has surged past analysts’ estimates and returned to profit after two straight quarterly losses. The growth was driven by wealth management and investment banking as it …
Crypto’s Social Finance platform FriendTech experiences volatile token launch
Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. The beauty …
City professionals, our schools need you!
Young people no longer want to become teachers and older career-switchers are increasingly stepping in to fill the gap. So why is the government cutting funding for a programme that’s …