Mitchells & Butlers: All Bar One operator set for £100m Budget tax hit November 27, 2024 All Bar One owner Mitchells & Butlers has become the latest hospitality business to warn of higher costs due to the tax changes outlined in Labour’s inaugural Budget at the end of October. The group made the comments within its full year results release for the year to 28 September 2024, which was published this [...]
Just Eat set to abandon London listing November 27, 2024 Just Eat Takeaway has announced it will be delisting from the London Stock Exchange due to the administrative burden of a dual listing. When Just Eat Takeaway.com was created in 2020 between a merger of the London-based Just Eat and the Amsterdam-listed Takeaway.com, it had initially planned to to scrap its Dutch listing. However, in [...]
Hays: Recruitment giant’s shareholders stage major revolt against PwC November 20, 2024 Shareholders in recruitment giant Hays have staged a major protest over the reappointment of PwC as its auditor. Just over 20 per cent voted against the reappointment of the accountancy giant to the role it has served since 2016 at Hays’ annual general meeting. At the same meeting, 19.8 per cent of shareholders voted against [...]
Superdry issues warning as struggling fashion label cuts jobs after quitting London November 20, 2024 Superdry has warned its sales will continue to fall significantly during its current financial year after quitting the London Stock Exchange in an attempt to stay afloat. The Cheltenham-headquartered fashion brand delisted earlier this year as part of a radical restructuring plan to keep the company trading. At the time, the company said that cutting [...]
FTSE 100 drops as investors flee European stock markets over Russia-Ukraine fears November 19, 2024 Investors fled FTSE 100 stocks and European markets for safe haven assets this morning amid fears of fresh escalation in Russia’s war in Ukraine. Markets were spooked by Vladimir Putin’s move to approve an updated Russian nuclear doctrine, which could pave the way for the Kremlin to consider using nuclear weapons if it is subject [...]
Diploma: Shares in FTSE 100 distribution group amid warnings of ‘tougher environment’ November 19, 2024 The FTSE 100 distribution firm reported an adjusted operating profit of £285m, up 20 per cent on last year's £237m.
Shein targets 2025 for London float November 18, 2024 E-commerce giant Shein is set to target early next year for its £50bn float on the London Stock Exchange, subject to pending regulatory approvals. It is set to hold an official investor roadshow in the coming weeks, during which the IPO-bound company will field large investors’ questions and test their investment appetite, according to The [...]
The UK has the tools, talent and expertise to unlock growth November 18, 2024 In a competitive global environment, Britain has everything it needs to succeed, but there are a few ways the government could help, says Chris Hayward The Chancellor’s Mansion House speech laid out a bold and detailed vision for the UK’s economy and financial services sector. The message is clear: Britain is not only primed for [...]
Aviva: Insurance demand boosts FTSE 100 giant November 14, 2024 "Our third quarter performance has been very strong," Amanda Blanc, Aviva chief executive said.
Virgin Active: Billionaire owner of Richard Branson-founded gym chain eyes UK listing November 13, 2024 The billionaire majority owner of Virgin Active is looking to list the business in the UK, according to reports. South African Christo Wiese owns the company private equity firm Brait, while Richard Branson’s Virgin Group holds a 16.8 per cent stake. A listing is “most likely” to be in the UK, with a secondary offer [...]