Zempler Bank begins layoffs after announcing jump in profit November 27, 2024 The boss of challenger bank Zempler privately told staff he would lay off around five per cent of its workforce on Monday, just as the company publicly announced a jump in profit in its latest financial year, City AM can reveal. In an email to staff, seen by City AM, the digital bank’s chief executive, [...]
Data and talent drive the insurance sector November 27, 2024 AON’s Jason Noronha explains how the company uses data to gain an edge over competitors. Aon has grown to become one of the world’s foremost insurance institutions, but the company cannot rest on its laurels. Technology is increasingly shaping the direction of the industry, helping companies streamline their operations while enhancing the proposition for customers. [...]
Critics circle under-fire watchdog November 27, 2024 What unites firebrand socialist MPs and stalwarts of the Tory establishment? The answer – somewhat unbelievably – is the state of our main financial regulator. The Financial Conduct Authority is heading into a cold winter with storms swirling on all sides. It faces fury from parts of both the Square Mile and Westminster for hamstringing [...]
FTSE 100 tax contribution hits £90bn amid warnings against further hikes November 27, 2024 PwC estimated that firms in the 100 Group contributed a total of £93.3bn to the Exchequer in the 2023/24 financial year.
Reeves set to meet with tech firms in bid to boost investment in UK November 27, 2024 Chancellor Rachel Reeves is set to hold a private meeting with figures from a number of leading tech companies this morning and encourage them to expand and invest in the UK. City Minister Tulip Siddiq, the head of the FCA Nikhil Rathi and chief executive of the London Stock Exchange Julia Hoggett will also attend [...]
Bricking it: Building materials firms fear for the future after inheritance tax overhaul November 26, 2024 Huge numbers of building materials companies across the UK have been left fearing for their futures, and could be forced to radically scale back their operations, following the government’s overhaul of the inheritance tax system. Changes announced by Rachel Reeves in the Autumn Budget mean that family businesses with assets over £1m will, for the first [...]
‘More of the same’: City lawyers sceptical of FCA’s five-year plan November 26, 2024 The Financial Conduct Authority (FCA) has set out a new five-year strategy, including details about its secondary objective to support the growth and competitiveness of the UK economy. In a speech today, FCA chief operating officer Emily Shepperd outlined the four key themes that the City watchdog would be focusing on: Growth and innovation, financial [...]
Which companies are set to join the FTSE 100? November 26, 2024 Three UK companies are expected to be promoted to the FTSE 100 next month, with Games Workshop set to move to London’s top index for the first time. The Warhammer-maker has seen its stock price jump 35 per cent since the start of 2024 after reporting revenue that was ahead of expectations. St James’s Place [...]
Smithfield Market to close after 900 years, following City vote November 26, 2024 London’s oldest meat market is set to close having served the capital for over 900 years, after a City of London panel voted to end its plans to help relocate its traders to a new site in Dagenham Dock. Smithfield market’s owners, the City of London Corporation, had planned to relocate Smithfield and Canary Wharf’s [...]
F1 DRIVE Corporate Experiences November 26, 2024 Rev up your team spirit at F1 DRIVE – London! Are you looking for a unique and exhilarating corporate experience in London? Look no further; F1 DRIVE – London at Tottenham Hotspur Stadium offers unique private hire options, combining the high-octane world of Formula 1 racing with innovative team development activities. Located under the South [...]