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Mark Kleinman: Ratcliffe’s cost-cutting results in Manchester Disunited

January 8, 2025

Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles Ratcliffe’s own goal, Shawbrook setting the tone and a FTSE 100 Doomsday clash over pay Ratcliffe’s cost-cutting results in Manchester Disunited Sir Jim Ratcliffe might not like to admit it, but 2024 [...]

Big Four giant PwC names new Northern boss

January 8, 2025

Big Four giant PwC has named its new Northern boss to succeed the incumbent who is retiring. Emma Suchland has been appointed as PwC’s new regional market lead for the North. She will take over from Armoghan Mohammed, who held the title of regional chair, who is to retire. Suchland joined the accountancy giant in [...]

Former Manchester United CEO to help grow Teneo’s sport business

January 8, 2025

Former Manchester United chief executive Richard Arnold has joined Teneo, the global consultancy has confirmed. Arnold, 57, has been named non-executive chairman of Teneo’s Financial Advisory Sports Practice and will work across the company’s sports, media and entertainment clients, who include World Rugby, Castore and the Ambani family’s Reliance Industries. “As we continue to build [...]

Thursday: Tinder and Hinge rival to shut app amid ‘rapidly declining interest’

January 8, 2025

Thursday, a challenger to the likes of Tinder and Hinge, is to close its app amid “rapidly declining consumer interest”. The London start-up’s app was launched in 2021 by George Rawlings and operated exclusively on Thursdays. It was originally designed as a bid to combat ‘dating fatigue’ and limited user activity to one day per [...]

Darktrace in first acquisition since takeover as cloud security threats rise

January 8, 2025

Darktrace has announced its first acquisition since its recent takeover by Thoma Bravo in October, as it focuses on bolstering cloud security amid rising threats to cloud based operations. The acquisition of the UK-based cyber provider Cado security comes as businesses are increasingly shifting operations to cloud-based systems, creating an urgent need for advanced cloud [...]

Reeves ‘will be forced to hold Spring Budget’ to settle gilt jitters, Abrdn predicts

January 8, 2025

Chancellor Rachel Reeves will be forced to hold a spring Budget this year to rein in government spending and settle investors’ nerves, after the cost of government borrowing hit multi-decade highs this week, Abrdn has predicted. Despite ministers insisting the gilt market was functioning in an “orderly” way and no emergency measures would be taken, [...]

RBG: Ousted founder filed winding up petition against troubled listed law firm

January 8, 2025

The freshly ousted founder of listed legal business RBG Holding has filed a winding up petition to the High Court against the group

RMT union boss Mick Lynch to step down

January 8, 2025

Mick Lynch, the RMT general secretary who gained national notoriety during a series of train strikes in recent years, is to retire. Lynch, 63, was elected general secretary in 2021 after previously serving two terms as assistant general secretary and another two on the union’s national executive committee executive. The union boss has become a [...]

Start-up boom or doom? How this year could spark the UK’s business appetite

January 8, 2025

For many, the new year is a time to celebrate leaving the stress of our past behind – kickstarting a number of resolutions designed to spark a sense of optimism in the months ahead. But that sense of hopefulness can only last for so long when the dreaded sense of reality soon finds its way [...]

Liz Truss sends cease and decease letter to Starmer over economy crash claims

January 8, 2025

Liz Truss has sent a cease and desist letter to Keir Starmer demanding he stops claiming she crashed the economy. Lawyers acting on behalf of the former Prime Minister wrote that the statement is “false and defamatory”, in a letter to Starmer in which they threatened to pursue legal action if he keeps making the [...]

De La Rue: Bank of England supplier’s stock surges on takeover offer

January 8, 2025

Bank of England supplier De La Rue has received a £246m takeover offer, according to reports, sending its stock price surging more than 12 per cent. The banknote printer has been offered 125p a share in a conditional offer, roughly 25 per cent higher than its stock price before the news, by companies founded by [...]

MP seeks referral for Vodafone to covid corruption commissioner

January 8, 2025

Tory MP Sir John Hayes has called for Vodafone to be referred to the Covid Corruption Commissioner over allegations listed in a multi-million-pound lawsuit

The Wolseley: Group behind high-end London restaurants eyes new openings

January 8, 2025

The group behind some of London’s best-known restaurants is looking to open new locations at home and abroad. The Wolseley Hospitality Group, which is owned by Minor Hotels, currently operates nine high-end restaurants in the capital: The Wolseley, The Delauney, Brasserie Zedel, Colbert, Fischer’s, Belanger, Soutine, Manzi’s and The Wolseley City. The strategy update has [...]

Bond tumult prompts comparisons with Britain’s 1970s debt crisis

January 8, 2025

The turmoil engulfing the UK gilt market has shades of the country’s debt crisis in the 1970s which culminated in the then Labour government needing a bailout from the IMF, according to multiple financial heavyweights. Nigel Green, chief executive of of the the world’s largest independent advisory businesses, called the market bedlam, which has seen [...]

Canary Wharf life science hub appoints contractor to transform Elizabeth Line-linked site

January 8, 2025

Construction services organisation Morgan Sindall has been appointed lead contractor for a huge office-to-labs conversion in Canary Wharf. The plans for 17 Columbus Courtyard (17CC), which were approved by Tower Hamlets in 2023, will see the existing building transformed into a new state-of-the-art life science and technology hub. When the building is completed in 2026, [...]