Wembley Park developer loses over £700m
The company behind the transformation of Wembley Park in London lost more than £700m during its latest financial year, it has been revealed. Quintain has reported a pre-tax loss of £721.7m for 2023,
WPP could lose crown as largest ad agency amid Omnicom and Interpublic merger
FTSE 100 giant WPP is under threat of losing its spot as the largest advertising company in the world for the first time in decades as American rivals Omnicom and Interpublic consider a merger. Over t
Former HSBC banker to lead Australian lender ANZ
Australian bank ANZ has appointed former HSBC banker Nuno Matos as its next chief executive after he missed out on the same position at the London-based lender this summer. Matos is set to join the Me
Pubs pin hopes on Christmas trading period amid post-Budget woes
The UK’s hospitality industry is gearing up for a bumper festive season, the first in four years not to be affected by pandemic restrictions or transport strikes. The preparations come ahead of what
Cabinet minister pledges to make government more ‘start up’
A cabinet minister is set to pledge that the government will become “more like a start up” ahead of the launch of a £100m fund targeting public service reform. Pat McFadden will call for Whitehal
Investors want to see ‘ambition’ from UK on climate change, Pinchbeck says
Private investors are keen to see “ambition” from the UK government on climate change, the head of an influential emissions body has warned politicians. Emma Pinchbeck, chief executive of the Clim
London coaxes bankers back from political chaos in Europe
Political chaos across Europe is pushing bankers to stay in London rather than follow through on plans to move to the continent. Following Brexit, many bankS began shifting certain roles across the ch
The £277bn golden ticket: Why private equity is so interested in professional services
Private equity interest in the professional services has skyrocketed especially for those with accountancy arms, with major deals being announced nearly every week
Water firms look to increase bills amid fears of £400m National Insurance hit
Water companies are hoping billpayers will carry the cost of a £400m hit from rising national insurance contributions over the next five years, previously announced in the Autumn Budget. The accumula
Titanic shipyard Harland & Wolff closes in on rescue deal with Navantia
Navantia has won approval from the Cabinet Office to take control of the Harland & Wolff's four UK shipyards, Sky News reported.