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News

  • July 11, 2024

Thames Water: London bills to rise by £99 in fresh Ofwat proposals as company placed in ‘turnaround’ regime

Ofwat, the UK's water regulator, has set out a record £88bn spending package that would see Londoders' bills go up by an average of £99 in the next five years excluding inflation.

  • July 11, 2024

Regulator seeks to overturn fine rejection against pharmaceutical firms

The Competition Market Authority (CMA) is seeking to overturn a decision which reversed fines imposed on pharmaceutical firms.

  • July 11, 2024

Daily Mail owner pulls out of Telegraph race due to ‘overly restrictive’ new rules

Daily Mail owner DMGT has pulled out of the race to own the Telegraph conceding that it would become embroiled in a protracted and knotty process with competition authorities, blaming to updated gover

  • July 11, 2024

Omega: Kitchen maker says slip into the red was ‘outside its control’

British kitchen maker Omega has slipped into the red following a year marred by challenges "outside the company's control", according to newly-filed documents.

  • July 11, 2024

UK surpasses India as world’s third-largest venture capital market

The UK has leapfrogged India to become the world's third-biggest venture capital market, new figures show, as analysts forecast a return to growth after a drop-off in investment and dealmaking in rece

  • July 11, 2024

Archegos founder Bill Hwang convicted on fraud charges

Sung Kook "Bill" Hwang, the founder of Archegos Capital Management, has been convicted of fraud by a Manhattan jury after the 2021 collapse of his firm.

  • July 11, 2024

Red Sea disruption hits sales at Poundland owner Pepco

Delays in summer stock reaching stores due to Red Sea shipping disruption contributed to sales at Poundland owner Pepco slumping over its latest quarter.

  • July 11, 2024

Polar Capital: Emerging markets and Asian Stars teams help assets rise

Polar Capital enjoyed an uptick in assets under management last quarter as the specialist fund manager was boosted by rising interest in funds managed by its emerging markets and Asian Stars teams.

  • July 11, 2024

Jet2 hikes dividend after record passenger numbers boost profit

Budget airline Jet2 has hiked its dividend by more than a third after record passenger numbers helped its revenue and profit soar during its latest financial year.

  • July 11, 2024

Recruiter Norman Broadbent on the lookout for acquisitions despite ‘extremely challenging’ conditions

Net fee income in the first half is expected to be £4.5m, down 14 per cent on last year but up 36 per cent on the year before.

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