CBI seeks legal advice on insolvency ahead of culture reboot announcement today May 31, 2023 THE embattled business trade body the CBI is expected to lay out a series of measures today which it hopes will allow it to put a sexual harassment scandal behind it. The CBI, Britain’s biggest business trade body and for decades a mouthpiece for the country’s largest businesses, has been hit with a wave of accusations in recent [...]
Businesses’ payroll bill to soar by £300m as London living wage increases October 23, 2023 Payroll costs in the capital are set to soar by over £300m as the London living wage increases by a tenth. Businesses signed up to the voluntary scheme will see their salary expenditure go up by £304,200,000 after the rate jumps from £11.95 an hour to £13.15 for 130,000 employees. Firms accredited include half the [...]
Pressure grows on pension providers to scrap Russian investments March 2, 2022 Pressure is growing on the UK’s biggest pension and insurance fund managers to slash their Russian exposure.
UK and Ireland tipped for £2.6bn boost from hosting Euro 2028 October 10, 2023 The tournament is set to be played at 10 different grounds across the five countries.
Banks lead UK firms in dividend payments after HSBC dishes out £8.4bn January 25, 2024 Banks led UK firms in dividend payments last year for the first time since the financial crisis, according to new research, on the back of interest rate hikes.
City Moves: Who’s switching jobs in the Square Mile this week? May 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. BDO Accountancy and business advisory firm BDO has bolstered its audit practice with a new partner, who joins from EY. Rida Rahmani brings more than 15 years of experience to the international audit team. “Rida’s experience of working with clients but also her [...]
FTSE 100 live: Ocado steams ahead again as analysts warn banks have long road to recovery March 30, 2023 London’s FTSE 100 scaled higher today lifted by middle class favourite and online supermarket Ocado extending its strong rally this week. The capital’s premier index climbed 0.32 per cent to 7,588.65 points, while the domestically-focused mid-cap FTSE 250 index, which is more in tune with the health of the UK economy, bumped 0.73 per cent [...]
CBI to be renamed in bid to rebuild after sexual misconduct scandal, new boss says April 27, 2023 The new boss of the Confederation of British Industry (CBI) has said that the scandal-hit business lobby group would likely be renamed as the organisation looks to rebuild after a sexual misconduct scandal. In the last week, there has been a mass exodus of businesses from the CBI, including prominent groups such as John Lewis, [...]
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.
Top City firms pledge to hike contributions to employees’ pensions pots amid concerns over looming savings crunch March 21, 2023 A coalition of top City firms today vowed to boost the contributions they make into their employees’ pensions in response to growing concerns about the potential for a looming savings crunch. Aviva, Phoenix and Herbert Smith Freehills all pledged to give pensions contributions equivalent to at least seven per cent of their workers’ salaries in [...]