ICE Benchmark to consult on scrapping most Libor denominations November 18, 2020 By Huw Jones LONDON (Reuters) – Libor compiler ICE Benchmark Administration said on Wednesday it will consult on its plan to stop publishing the interest rate denominated in sterling, euro, Swiss franc and Japanese yen. Britain’s Financial Conduct Authority and other regulators have said they want banks, companies and other market participants to end the [...]
More than £115m of public money spent on Crossrail 2 consultants January 18, 2021 More than £115m of taxpayer money has been spent on Crossrail 2, before the project has even been green lit. The £33bn project, which would see a new north-south Tube line through London, was put on hold earlier this year as Transport for London (TfL) were forced to seek a government bailout. Delays and budget [...]
Russia’s central bank proposes crypto mining and trading ban January 21, 2022 The Bank of Russia has published a damning consultation on digital assets which proposed outlawing crypto trading and mining.
KPMG to cut 200 UK jobs as firm battles market slowdown June 21, 2024 Big Four firm KPMG is reportedly set to slash more roles in the UK as it battles with a market slowdown.
MPs size up venture capital as an engine for ‘levelling up’ April 28, 2022 MPs revealed they are exploring the potential of venture capital to act as an engine of the government’s ‘levelling up’ agenda today, as the Treasury Select Committee opened a consultation into the state of the industry.
Government explores ways to unlock wave of pension investment March 30, 2022 The government is exploring ways to unleash a wave of investment from pension funds into private assets, as it opens an industry consultation today designed to slash red tape.
Top firms mull pension hikes to keep pace with inflation March 24, 2022 FTSE 100 firms are mulling discretionary pension hikes as soaring inflation threatens to outpace the rate of annual growth in payouts, according to a top pensions consultant.
Management consultancies cash in £180m for Brexit planning October 28, 2020 Management consultancies have been awarded more than £180m to deliver Brexit, as the government faces mounting criticism for handing out taxpayer cash to private firms during the pandemic. Documents released yesterday showed the government has signed six Brexit contracts each worth £30m with KPMG, McKinsey, Bain, Deloitte, Accenture and PwC. Ministers said the £180m sum [...]
CBI calls for government to consult business more widely to draw up lockdown exit plan February 1, 2021 One of the UK’s mot influential business bodies has called on the government to reach out to the country’s private sector for advice on how to reopen the economy post-lockdown. The CBI has written to business secretary Kwasi Kwarteng to ask the government to outline six elements when drawing up its lockdown exit strategy, including [...]
M&C Saatchi ousts Vin Murria from board following Next Fifteen’s £310m offer June 6, 2022 Advertising giant M&C Saatchi has ousted its biggest shareholder Vin Murria from its board after accepting a takeover from consultancy Next Fifteen Communications for £310m.