The hospitality sector will be drastically affected by higher taxes on employees’ wages, a new survey has found. A majority of businesses will reduce employment, while over one in ten have to close
Achilles Investment Company is set to start trading on the London Stock Exchange tomorrow after raising £54m to make an activist push against struggling investment trusts. The trust, run by City vete
The number of advertised jobs in retail has almost halved in the last year as companies continue to buckle down on costs. Job vacancies have fallen 42.25 per cent in the last year, the most significan
The billionaire founder of city brokerage ICAP, Lord Michael Spencer, has upped his stake in English wine maker Chapel Down. The former treasurer of the Conservative party serves as a non-executive di
Monument Bank, one of the UK’s fastest-growing challenger banks, has reportedly told investors it wants to go public in the US before 2027 – marking another blow for the London market. The bank is
National Grid has agreed to sell its US renewables business to Canada’s Brookfield Asset Management in a deal worth £1.4bn. The UK’s energy operator said the transaction would be an “important
Star fund manager Ben Whitmore has launched his inaugural fund within his new boutique asset manager. Last year, Whitmore made a shock exit from Jupiter Asset Management, where he handled around a fif
High-end fashion retailer Turnbull & Asser, whose customers including Kind Charles III, has now been in the red for almost a decade, it has been revealed. The London-headquartered retailer, which has
Bank of Ireland joined the UK’s biggest lenders in setting aside a lump sump for potential motor finance payouts as it posted its annual results. The bank recorded a pre-tax profit of €1.86bn (£1
An extra £200m from the UK government for the Grangemouth oil refinery ahead of its closure will need to be “used correctly” if it is to have a “transformative impact”, a leading trade unioni