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OBR ridiculed for ‘joke of a salary’ in analyst job offer
The salary range offered for new analyst positions at the UK’s fiscal watchdog has sparked criticism due to its perceived inadequacy relative to the expected responsibilities and j...
Read Full Article →Is HSBC turning its back on Europe?
Under Georges Elhedery’s leadership, HSBC initiated a major restructuring focused on streamlining operations and emphasizing growth in Asia-Pacific, which could impact its financia...
Read Full Article →Saga more than doubles CEO’s pay despite losing £160m
Despite reporting a substantial financial loss of £160 million, the company significantly increased its chief executive’s compensation to nearly £1.9 million for the fiscal year en...
Read Full Article →Diploma: Shares in FTSE 100 firm rocket after profit upgrade
Diploma experienced a notable increase in stock value following improved forecasts and a robust first-half performance, highlighted by a 14 percent rise in revenue reaching £728.5...
Read Full Article →Tesco and Sainsbury’s supplier hit in latest cyber attack
The recent cyber incident affecting a primary logistics provider for multiple leading UK supermarkets has caused operational disruptions, potentially impacting supply chains and fi...
Read Full Article →Card Factory CEO takes home bumper pay rise
The chief executive of the retailer received a substantial increase in compensation, exceeding £1.5 million, reflecting the company’s strong sales performance during the most recen...
Read Full Article →Smiths Group: Shares jumps as demerger on track
Smiths Group experienced a notable increase in quarterly revenue, driven by robust order book growth, contributing to a positive market response amid ongoing separation efforts.
Read Full Article →Cranswick: Hummus and chicken demand boost supermarket supplier
Cranswick's increased sales, driven by strong consumer interest in fresh items and strategic acquisitions, contributed to higher-than-anticipated profits and a rise in revenue over...
Read Full Article →Vodafone swings to loss after €4.5bn impairment blow
Vodafone reported a significant financial downturn due to a substantial write-down linked to challenges in its German operations, resulting in a pre-tax deficit following a previou...
Read Full Article →SSP: Upper Crust owner’s shares surge after profit soars
The FTSE 250 company experienced a notable increase in operating profit and revenue across multiple sectors during the first half of 2024, contributing to a significant rise in its...
Read Full Article →Half of UK millennials set to include crypto in investment portfolios
A notable portion of younger UK investors is increasingly incorporating digital currencies into their financial strategies, reflecting a shift in asset preferences compared to olde...
Read Full Article →Reeves must provide ‘more stable’ tax policy, finance bosses say
Financial leaders emphasize that establishing a consistent and predictable tax framework is crucial for enabling sustainable economic growth and encouraging investment within the i...
Read Full Article →Why CAS challenge may deliver seismic shock to sport
A potential challenge to the Court of Arbitration for Sport could alter dispute resolution processes, significantly impacting financial arrangements and governance within various s...
Read Full Article →Can Airbnb become an everything app?
Airbnb’s expansion into a comprehensive service platform could diversify its revenue streams and enhance user engagement, potentially impacting its financial performance by driving...
Read Full Article →The West Midlands is leading the way on new housing
The West Midlands is fostering significant economic growth by integrating public and private efforts to increase housing availability, attracting investment and advancing infrastru...
Read Full Article →Is this a sweet trade deal with the EU – or does it sound a bit fishy?
The recently secured agreement with the European Union is expected to enhance economic growth by reducing regulatory barriers and maintaining fishing access in British waters until...
Read Full Article →Boris Johnson: Starmer the ‘manacled gimp of Brussels’ after ‘one-sided’ EU trade deal
The referenced EU trade agreement could potentially limit the United Kingdom’s economic autonomy and influence within European markets, raising concerns about its long-term financi...
Read Full Article →KKR lashes out against PHP in Assura bidding war
The competitive bids for Assura highlight the potential regulatory challenges and valuation considerations impacting investor decisions and the overall dynamics of the acquisition...
Read Full Article →Andy Murray to head up athlete group at London-based Redrice Ventures
Andy Murray’s leadership role at Redrice Ventures marks a strategic move into investment, potentially enhancing the firm’s portfolio through insights from experienced athletes and...
Read Full Article →Splitting the G: Is Diageo gearing up to sell off Guinness?
Diageo’s plan to reduce expenses by $500 million over three years, including potential divestitures and workforce reductions, aims to lessen the financial effects of recent trade t...
Read Full Article →EY audit of NMC ‘was deficient in multiple respects’ says regulator
The FRC's draft report, to be reviewed by the High Court, highlights several shortcomings in EY's audit of the failed NMC, potentially impacting financial accountability and stakeh...
Read Full Article →Pension reforms show the private sector is backing Britain
Seventeen leading UK pension funds have committed a significant portion of their default investments to private markets, directing substantial capital towards domestic opportunitie...
Read Full Article →Natwest and Lloyds to cash in as Reeves hints at ring-fencing reform
Changes to the current banking regulations could allow major financial institutions to integrate certain operations, potentially increasing profitability and altering risk manageme...
Read Full Article →Defence boom will continue long after Ukraine war, says Panmure
Analysts suggest that European defence companies’ stock values are likely to remain strong over the long term, as geopolitical tensions and military demands are expected to persist...
Read Full Article →Inflation set to ramp up after ‘Awful April’
Rising prices driven by recent increases in taxes and utility costs are anticipated to push consumer expenses higher, potentially affecting household budgets and economic stability...
Read Full Article →Scheffler passes £60m earnings with US PGA victory
Scottie Scheffler's recent triumph at the US PGA Championship elevated his total career income to over $80 million, placing him among an elite group of golfers in terms of earnings...
Read Full Article →UK retail investors flock to gold amid market uncertainty
Due to concerns about changing tariff regulations and rising capital gains tax, many UK individual investors are turning to gold as a potentially more secure and tax-efficient fina...
Read Full Article →Terms emerge on UK-EU ‘reset’ talks
The negotiations between the UK and EU are expected to address important economic sectors, potentially influencing trade conditions, market access, and financial cooperation as par...
Read Full Article →Liz Truss: UK’s shortest-serving PM rakes in the cash
Following her tenure as Prime Minister, Liz Truss has experienced a notable increase in income, generating £112,657 through a company established with her spouse in the year ending...
Read Full Article →Uber ready to go driverless in the UK
If approved by authorities, the introduction of autonomous vehicles could potentially reduce operational costs and reshape transportation expenses within the UK ride-hailing market...
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