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...Net client flows across its wealth and wholesale asset management arms rose to £1.1bn from £200mn the previous year, however £6.2bn was redeemed from its UK institutional asset management division, which...
...KPMG has been fined £1.46mn by the UK accounting regulator for “serious failings” in its audit of M&C Saatchi, the advertising agency that was hit by an accounting scandal in 2019.The Financial Reporting...
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...“I’m on Floor 27!” people shout, or “I’m in the lift at the back!” Kat said. “The penny usually drops when I ask them their postcode.”...
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...Shares in fast-fashion retailer H&M jumped more than 13 per cent in early trading after the company reported rising operating profits in its first quarter, signalling that it is on track to increase profitability...
...M&G’s share price rose by about 2 per cent in morning trading....
...KPMG has been fined £1.5mn by the UK accounting regulator for “serious failings” in its audit of M&C Saatchi, one of Britain’s best-known advertising agencies....
From Stephen Butcher, Hambleton, Rutland, UK
...Even if Machin succeeds in lifting M&S’s market share by 1 percentage point, it will still have under 5 per cent of the UK grocer market. That is not to say a spruced-up app is a dud....
...The number of outward M&A deals was also down from the previous quarter and the smallest since the last three months of 2020....
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Smol bean bag
...LSEG estimated that $24.2bn in investment banking fees overall have been earned so far this year, down 1 per cent on the same time last year....
...You can be the 1,000-pound gorilla, like The New York Times, which has reached escape velocity with more than 10mn subscribers....
...H&M has appointed Daniel Ervér as new chief executive of the group, succeeding Helena Helmersson. Ervér has been with H&M for 18 years, most recently as the head of the H&M brand....
...Net sales in the period were down 2 per cent to SKr5.4bn (€4.7bn) while revenue from March 1 to 25 was up 2 per cent in local currencies....
...His declaration, signed by 110 fellow students, read: “We, the people of Herbert M Slauson Middle School, declare that every Tuesday students will have at least one hand in their pocket most of the time....
...It’s wealth porn, and I’m addicted to it — largely because, in my experience, most rich people have appalling taste....
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