Pedicab politics, the demise of WH Smith and taxman ghostings: catch up on the latest gossip in this week's edition of The Capitalist.
Chrysalis stock has jumped by more than six per cent this morning after its private equity holdings, including Klarna and Starling Bank, saw significant upgrades to their valuations. The private equity trust’s underlying assets rose 11 per cent to 156p per share in the last quarter of 2024, it said in a trading update today. [...]
Fevertree shares have soared more than 20 per cent after the drinks company announced a tie-up with Coors and Carling owner Molson Coors. The agreement will see Molson Coors handle the exclusive sales, distribution and production of the Fevertree brand in the US. Analysts were uniformly positive about the deal, and expected both businesses to [...]
Small businesses (SMEs) consider themselves too small to be targeted for data theft, severely exposing themselves to cyber attacks. According to a new Association of Business Insurers (ABI) report, SMEs generally consider themselves too small to be targeted by cyber criminals and, as a result, are not using cyber insurance to help mitigate these risks. The [...]
The UK’s housing market got off to its strongest start in three years in 2025 as both demand and supply increased, according to new data. Buyer demand was up 13 per cent and 10 per cent more homes were on sale, with rising sales supporting UK house price inflation of two per cent year on [...]
Shell paid out more than £18.7bn to shareholders in 2024 while cutting spending on renewable energy according to its full year results. The FTSE 100 giant reported a dip in earnings from £23bn in 2023 to £19.1bn in 2024 amid weaker oil prices and lower demand for fossil fuels. Despite the drop-off in earnings, Shell said [...]
Wizz Air slashed its annual profit forecast on Thursday despite quarterly losses more than halving amid record passenger traffic. The Hungarian carrier reported a €75.9m (£63.6m) loss in the three months ended December 31, around 58 per cent smaller than the year prior. Revenue came in at €1.18bn, up 10.5 per cent and driven by [...]
BT has appointed a CEO for its new UK-centric BT Business, at the same time as reporting a dip in revenue due to tough trading outside of the UK. BT’s share price fell just over four per cent in early trades. Jon James will be appointed a CEO of BT Business in March, and it [...]
St James’s Place brought in £4.3bn in new money throughout 2024, bringing its total assets under management to a record £190.2bn. Britain’s largest wealth manager attracted £1.5bn of new money over the last quarter of the year, it said in a trading update, 70 per cent ahead of expectations. The firm’s pension arm brought in [...]
Successive British politicians have reached for Silicon Valley – or the idea of Silicon Valley – every time they’ve wanted to project a vision of the future. In 2010 David Cameron set out plans to turn East London into “a world-leading tech city to rival Silicon Valley.” Seven years later, Theresa May’s government was still [...]
Savers are being urged to act as a huge £53.9bn in cash ISAs will mature by April, according to Paragon Bank. Paragon said that £36.4bn of that was held in one-year, fixed-term deals, which are almost certainly paying better rates than savers can get today. Derek Sprawling, savings managing director at Paragon Bank, said: “Over [...]