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City grandees call in small firm specialists to ease London AIM exodus

  • January 26, 2025
The group of City grandees lobbying for reform of the UK’s capital markets has bolstered its team with two small-company-focused executives today, signalling a push from the body to address the crisis gripping the UK’s junior stock market AIM. The Capital Markets Industry Taskforce (CMIT), led by London Stock Exchange boss Julia Hoggett, said that [...]
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Wizz Air boss likely to miss out on £100m bonus as shares struggle

  • January 26, 2025
The recent performance of Wizz Air’s share price suggests the company’s boss is set to miss out on a £100m bonus payout. The controversial bonus for CEO Jozsef Varadi was approved by shareholders in 2021. Under the terms of the agreement – the biggest bonus award in the history of the London Stock Exchange – [...]
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Nvidia tanks as Chinese AI startup Deepseek spooks global markets

  • January 26, 2025
Nvidia is on track for the biggest one day loss of any company in history, as Chinese artificial intelligence (AI) startup Deepseek shakes up global tech markets. Nvidia, a key driver of the AI stock boom due to its advanced chips, saw its shares plummet over 14 per cent on Germany’s Tradegate on Monday. The [...]
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Ryanair: ‘Boeing delays have forced us’ to slash passenger forecasts

  • January 26, 2025
Ryanair has slashed its traffic forecasts as a result of ongoing delivery delays from the embattled US planemaker, Boeing. The budget airline said it no longer expects Boeing to deliver sufficient aircraft to meet a 2026 target of 210m passengers. “Boeing delays have forced us to revise our full-year traffic target to 206m, just three [...]
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London pubs giant targets new openings after sales success

  • January 26, 2025
One of London’s largest independent pubs and dining groups is preparing for further expansion after reporting a jump in sales for its latest financial year. Urban Pubs & Bars (UPB) has announced that its turnover increased by 16 per cent to £60.5m in the 12 months to 28 April, 2024. The group added that the [...]
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Wingstop and Popeyes serve up major UK expansion plans

  • January 26, 2025
Fast-growing chains Wingstop and Popeyes have each announced major plans to expand further across the UK and create thousands of jobs. Popeyes has outlined proposals to almost double its footprint in the UK with the opening of more than 45 restaurants. The move will increase its presence in the likes of Birmingham, Leeds and Bristol [...]
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Businesses prepare to cut staff as they brace for slowdown, CBI finds

  • January 26, 2025
A persistent slowdown in activity among private sector firms could weigh on economic growth over the coming months, with businesses set to cut staff and raise prices, according to a survey. The upcoming increase to national insurance contributions has prompted firms to assess their budgets urgently, the Confederation of British Industry (CBI) said. Output across [...]
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Barclays becomes main sponsor of Lord’s and MCC

  • January 26, 2025
Barclays has expanded its sports sponsorship portfolio by becoming principal partner of Lord’s Cricket Ground and its owner, Marylebone Cricket Club (MCC). The multi-year partnership, effective immediately, sees the Home of Cricket’s iconic Media Centre renamed the Barclays Media Centre.  It will also mean the bank making “one of the largest ever donations” to the [...]
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