Insurance industry wrestles with diversity deficit September 23, 2019 It is fair to say the insurance industry has not had the best year reputation-wise. In March an explosive Bloomberg story lifted the lid on a culture of drinking and sexual harassment at Lloyd’s of London – the beating heart of the UK’s insurance industry. Tomorrow, Lloyd’s chief executive John Neal will unveil a report [...]
Staffline seeks to raise £41m to ease debt fears June 27, 2019 Recruitment firm Staffline has this morning announced plans to raise up to £41m by selling off shares to private investors and current shareholders. The UK-based company is seeking to make £34m through a placing, with a further £7m to come from an open offer. Read more: PwC fined £4.5m for ‘lack of competence’ in Redcentric [...]
Thank Yu very much: Yu Group soars as FCA drops investigation into £10m accounting black hole May 16, 2019 Yu Group shares jumped by more than four fifths today as the Financial Conduct Authority dropped an investigation into the energy company. The FCA decided to take no action against Yu over an accounting error which cost the company £10m last year. Read more: Yu Group shares plunge 80 per cent as it warns profits [...]
HM Treasury launches probe into FCA regulation of collapsed firm London Capital & Finance May 23, 2019 HM Treasury has launched an investigation into the collapse of investment firm London Capital & Finance, which will probe the actions of the Financial Conduct Authority. The independent review, which will be lead by Dame Elizabeth Gloster and is expected to take 12 months, will investigate the circumstances surrounding the failure of LCF, which went into [...]
UK retail sales decline knocks sterling lower January 17, 2020 UK retail sales fell in the “golden quarter” of Christmas trading, the latest statistics showed today in a further sign of the challenges facing the British high street. In the three months to December 2019, the amount spent and the quantity bought in the retail industry fell 0.9 per cent and one per cent respectively, [...]
When did making money in tech become so unfashionable? December 10, 2019 It is commonly accepted that technology companies have irrevocably changed the world we live in. This is especially true in the finance industry where fintech companies are successfully disrupting the status quo, forcing incumbent firms to evolve alongside these new challengers. While competition and technological innovation in any market is to be welcomed with open [...]
England require maximum muscle to see off Australia as unlucky George Ford misses out October 17, 2019 For the first time in Rugby World Cup history it is genuinely feasible that any of this weekend’s eight quarter-finalists could reach the semi-finals. We are set for four epic showdowns on Saturday and Sunday, each with their own storyline. And it all starts with England against Australia tomorrow. The big talking point is George [...]
Tech will disrupt the City more than Brexit May 2, 2019 The City’s roof gardens may be opening up for the summer but the fog of Brexit still hangs over the Square Mile. Businesses have been unequivocal about the consequences of uncertainty but the policy debate rages on, while political manoeuvring (or even the lack of it) tests the collective patience of the nation. You’d be [...]
Drones could add £42bn to UK economy by 2030 with more than a third to be in the public sector, says PwC report May 30, 2018 Drone technology could increase UK GDP by two per cent, or £42bn, by 2030, with more than a third of new drones to be utilised by the public sector, says new research from PwC. The report estimates that there will be more than 76,000 drones in use across the UK by that time, with public [...]
Ollie Phillips: Argentina are a potential banana skin, but exactly the kind of test England need October 3, 2019 England are in good form and their World Cup has been wholly positive so far, but Saturday’s game against Argentina definitely represents a banana skin. Eddie Jones’s side have enjoyed plain sailing in Pool C, comfortably beating Tonga and the USA, and on paper the No10-ranked team should be no different. However, they haven’t been [...]