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Tag: Financial sector

Value of British Land retail properties slides by over 10% | Business

British Land, which owns shopping centres including Sheffield’s Meadowhall and Drake Circus in Plymouth, has had nearly £600m wiped off the value of its retail empire over six months. It also reported a bigger half-year loss due to torrid conditions in the retail industry. The property company has written down the value of its retail …

Value of British Land retail properties slides by over 10% | BusinessRead More

Sports Direct appoints new auditor after split with Grant Thornton | Business

Sports Direct has appointed advisory group RSM as its auditor, more than a month after an acrimonious split with the accounting firm Grant Thornton. RSM is the UK’s seventh biggest audit firm and Sports Direct will be its biggest client. The advisory group has no other audit clients among the top 350 companies on the …

Sports Direct appoints new auditor after split with Grant Thornton | BusinessRead More

After Woodford, where is the contrition from Hargreaves Lansdown? | Nils Pratley | Business

What does Hargreaves Lansdown, Neil Woodford’s former cheerleader-in-chief, make of its old hero’s decision to throw in the towel? Surely this is an ideal moment for the investment platform’s chief executive, Chris Hill, to share the “learnings and improvements” that apply to his own firm. He’s been promising to reveal the fruits of this exercise …

After Woodford, where is the contrition from Hargreaves Lansdown? | Nils Pratley | BusinessRead More

Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley | Business

Call it a full house of poor economic news. The services sector is contracting, according to the purchasing managers’ index, joining the manufacturing and construction industries in negative territory. In big picture terms, there are no bright spots. The official data, which measures actual economic activity as opposed to managers’ view of prospects, may yet …

Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley | BusinessRead More