As such, he only expects “modest profits growth compared to last year”. Consensus forecasts point to full-year revenues of £79.9m and assets under management are expected to be £8.3bn for the year. Analysts also expect adjusted pre-tax profits to...
Read moreWeighing machine will not solve UK’s pension issues
Sir, It is wrong to claim the reduction in UK pension scheme equity holdings from 70 per cent in 2001 to half that today is a bad thing, all down to bad accounting (Lex, September 14). Companies started to recognise the real extent of their...
Read moreFees rocket for collapsed cargo giant Hanjin's clients
The collapse of the South Korean shipping giant Hanjin is driving costs higher for its UK customers, posing a threat to smaller players. The shipper filed for bankruptcy at the end of August, leaving cargo worth $14bn stranded in ports and open...
Read moreJim McCann, Willis Towers Watson: will $17bn merger bloom?
Jim McCann had a good sleep on the night of the UK Brexit referendum. There was much at stake for Willis Towers Watson, the newly merged insurance brokerage and consultancy he chairs. But an English friend had assured him that the UK would stay...
Read moreStansted seeks end to cap on passengers
The company behind Stansted, London’s third-busiest airport, is to call on the Government to lift restrictions on passenger numbers as it ramps up its campaign to expand and eventually build a second runway. Charlie Cornish, chief executive at...
Read moreKingfisher cheers property market with new HQ search
Kingfisher, the retailer behind B&Q and ScrewFix, is seeking a giant new London headquarters, a deal which would be a fillip for the commercial property market after the Brexit vote. The company has appointed agents at Cushman & Wakefield...
Read moreEnergy suppliers share data to catch electricity and gas thieves
Ian Terblanche, Experian’s director of telecoms and utilities, said the threshold at which premises would be identified as abnormal varied, but that it was “a long way out from the baseline”, meaning thrifty consumers and regular holidaymakers...
Read moreYoung customers want biometric banking for ease of access
Young customers want to use thumbprints and facial recognition rather than pin numbers and passwords for banking, new research has found. Card company Visa found that a quarter of 18-24 year olds would consider switching banks if they were not...
Read moreNight-time economy boosts Britain's high streets
Bars, restaurants and pubs came to the rescue of Britain’s beleaguered high streets last month by helping to draw consumers into town centres. High streets enjoyed a 1.1pc increase in footfall during August, pushing overall footfall in the UK...
Read moreTime to ignore popularity in a drive for successful UK industrial policy
Industrial policy’s chequered history is a minefield of costly blunders in the UK. Misguided goals, wavering political commitment, capture by interest groups and departmental incompetence have all crippled the best-intended attempts to improve...
Read moreGalliford Try boosts dividend after record year
In the immediate aftermath of the referendum, the company reported “a short-term decline in visitor numbers and small increase in cancellation rates”. Mr Truscott added that “In July we were maintaining similar sales rate to last year, but a...
Read moreThere may be a sunnier post-Brexit if we become firm friends with Japan
Japan has a very strong manufacturing presence in the UK, particularly in the automotive industry, with Nissan operating the UK’s single biggest car manufacturing plant, in Sunderland. Much has been made of the uncertainty now surrounding this...
Read more