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Evening Standard
Uphill task for new Jupiter chief as funds wobble and profits crash
The extent of the task facing new Jupiter chief Matthew Beesley was made plain today when he reported a crash in assets and profits.Beesley has been CEO of the storied fund management group since last October and has to battle some troubling performance stats and wider scepticism that active fund management can add value to …
Business
Business Live
Investment package launched to attract business growth in Neath Port Talbot
A business support package has been launched by Neath Port Talbot Council to encourage companies from across Wales, the UK and internationally to establish operations in the region. The council has unveiled its ‘Front and Centre for Business’ package, a free and confidential support system which will help businesses access potential funding streams, locate potential …
Business
Business Live
Ballynahinch houseboat manufacturer trebles production after major investment
A Ballynahinch company is on course to treble production of its specialist houseboats after investing in a purpose-built production space. Bluefield Houseboats said it will now be able to produce 36 vessels a year from just 12 currently after acquiring developing a 6,000 square feet factory on land just outside the County Down town. The …
Business
Business Live
Northern Ireland retail sector slams councils’ decision to up business rates
The recent rise in business rates will heap further pressure on retail companies across Northern Ireland likely heighten inflationary pressures. That is the view of the body representing some of the largest retail business in the province which called the move by 11 councils a “huge disappointment” in light of the decision to freeze rates …
Business
Evening Standard
Vet group CVS aims to expand beyond UK as H1 profit grows
Vet group CVS is setting its sights on expansion beyond the UK, after further revenue growth in the six months to 31 December.Revenue was up  8.2% to £296.3 million, while operating profit increased by 19.7% to £31.5 million.While some of the growth in revenue and profit  came from the significant increase in pets that occurred …
Business
Business Live
ADVERTORIAL: How an advisory board can help business owners overcome loneliness and take on their biggest challenges
Running your own business is no mean feat, and small business owners can find themselves faced with all kinds of challenges that they may not be prepared for. From knowing which marketing will be most effective, to struggling with the loneliness that comes with being the leader, there are plenty of hurdles to tackle when …
Business
Evening Standard
Energy bills to rise despite estimated reduction to Ofgem price cap – analysts
Energy bills will rise by an average of £500 a year despite an expected reduction in Ofgem’s price cap, analysts expect.The energy regulator is expected to announce on Monday that it will drop its cap on the amount energy suppliers are able to charge by around £1,000 to £3,295, effective from April 1, according to …
Business
Evening Standard
Londoners did £7.3 billion worth of unpaid overtime work last year
Londoners performed £7.3 billion worth of unpaid overtime work in 2022, far more than any other UK region.Research from the Trades Union Congress based on ONS data covering the third quarter of 2022 found that 16.7% of London workers did unpaid overtime work in 2022, more than any other region in the UK.With these employees …
Business
Sky News
Private equity pioneer Thomas Lee dies from ‘self-inflicted gunshot wound’
A billionaire financier, considered a pioneer of private equity investment, has been found dead in his New York office after reportedly taking his own life.While the family of Thomas (Tom) H Lee, who was 78, confirmed he had passed away there was yet to be any official confirmation from the New York Police Department (NYPD) …
Business
Evening Standard
Cineworld shareholders set to be wiped out as firm expects to exit bankruptcy
Cineworld hopes to be back from bankruptcy protection before the middle of the year, but the debt-ridden business expects any deal with its creditors will wipe out its shareholders.The world’s second-largest cinema chain said Friday that it had been approached by “a number” of potential suitors, but none of them had been willing to pay …
Business
Evening Standard
British Airways owner IAG returns to profit
British Airways owner IAG has returned to profit as the airline industry continues to rebound from Covid-19.The company said it made an operating profit before exceptional items of 1.26 billion euro (£1.1 billion) in 2022, a swing from a 2.97-billion-euro (£2.62 billion) loss the year before.All its airlines were profitable last year.Capacity across the group …
Business
Business Live
Leeds Building Society generates profit boost amid record £5bn mortgage lending
Record mortgage lending and savings growth has boosted performance at Leeds Building Society, which has warned of inaction on tackling the UK’s housing crisis. The historic mutual, which operates 50 branches, saw gross mortgage lending rise from £4.4bn to £5bn in 2022 as annual net savings inflows climbed from £1bn to £2.2bn during the year. …

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