G7 price cap restrains Russian oil revenues but Kremlin still finding buyers September 6, 2023 Price caps on Russian oil and gas have managed to drive down oil revenues and keep prices in check for consumers, experts suggest.
Energy market meltdown could burden UK households with £3.2bn bill November 29, 2021 UK households could be on the hook for £3.2bn to fix the energy market meltdown which has already affected four million customers.
Exclusive: Women’s rugby set for invitational Champions Cup final September 4, 2023 This year’s Champions Cup rugby finals weekend is set to include an invitational women’s fixture for the first time as European chiefs look to take advantage of the growth in the game, City A.M. can reveal. Gloucester-Hartpury, champions of England, and Stade Bordelais, champions of France, could play each other under plans proposed by European [...]
Today: Bank of England to push interest rates to 13-year high to slow cost crunch and inflation May 5, 2022 Interest rates are expected to be hiked once again later today to their highest level for 13 years as the Bank of England battles to cool rocketing inflation. The Bank’s policymakers are predicted to increase rates from 0.75 per cent to 1 per cent – a level not seen since early 2009 – and ramp [...]
School of Hard Knocks lunch raises £100k on proud day for Square Mile February 12, 2024 A major success was hailed last Thursday as the great and good of the City of London and beyond descended on Threadneedle Street’s M Restaurant for the annual School of Hard Knocks Long Lunch. Rugby World Cup winners, international sports players, broadcasters and brokers all played their part in raising over £100,000 for the School [...]
Investec takes £105m hit to profit as coronavirus affects trading income May 21, 2020 Investec has said the impact of the coronavirus pandemic on its operating profit of the year was £105m, as trading income fell 7.5 per cent. The figures Investec’s adjusted operating profit for the full year was 16.8 per cent behind the prior year, at £608.9m. Adjusted operating profit from continuing operations of £419.2m was 24.1 [...]
Steady inflation should not set alarm bells ringing at the Bank of England — yet October 18, 2023 After the excitement of August's surprise drop in inflation, September's figures cannot help but feel a bit disappointing.
Reeves urged to soften private equity tax raid over fears of City exodus August 30, 2024 City groups are mounting a final call for the Chancellor to temper a tax raid on private equity fund managers amid fears of an exodus of dealmakers from London. Rachel Reeves’s Treasury has been consulting on plans to lift the levy on carried interest, the personal profits that fund managers make on the sale of [...]
England lead way in Champions Cup round of 16 qualifiers January 21, 2024 England will lead the way for representation in the Round of 16 of the Investec Champions Cup with six sides qualifying for the next stage of the world’s top club rugby competition. Saracens from Pool 1, Harlequins and Bath from Pool 2, Northampton Saints and Exeter Chiefs from Pool 3 and Leicester Tigers from Pool [...]
FTSE 100 reshuffle: Burberry and Easyjet set to be downgraded August 23, 2024 FTSE 100 constituents Burberry and Easyjet are expected to be eliminated from London’s main market next month during a reshuffle. The main market’s quarterly rebalance is due on 20 September, with the review being based on prices at close on 3 September. Easyjet managed to claw back into the FTSE 100 in March, but the [...]