Accountancy watchdog called on to raise threshold for enforcement action January 4, 2024 An accountancy chief has called on the Financial Reporting Council (FRC) to raise the threshold for enforcement action against auditors. Speaking to the Financial Times, Michael Izza, chief executive of the Institute of Chartered Accountants England and Wales said: “Prior to 2017, if the FRC brought a case against an auditor, the threshold test that [...]
To lead the artificial intelligence revolution, London must first win over the sceptics February 5, 2024 AI could be London's next big industry, but only if it builds the needed trust to develop the technology, writes Michael Mainelli.
Bank earnings preview: What to expect in this week’s quarterly results April 26, 2021 While the banking sector has recovered somewhat in the past two months this week the issue of bad loans and customer defaults will be front of mind. The sector set aside billions in provisions for bad loans at the start of the pandemic, expecting a huge increase in defaults. However with thanks to government support [...]
Oil giants face major hit from UN climate rules shaking up the shipping sector September 11, 2023 Oil giants are set to face a major hit from new climate regulations on ship owners, which will eventually stop them from using high-polluting shipping fuels, analysts have warned. Under agreements made in July, the International Maritime Organisation (IMO) – the UN agency which sets legally binding regulations on international shipping – ruled that nearly [...]
London First CEO Jasmine Whitbread leaves for Travis Perkins January 6, 2021 London First announced this morning that CEO Jasmine Whitbread will step down after four years at the non-profit. Whitbread plans to succeed Stuart Chambers as non-executive chairman at building material and equipment giant Travis Perkins at the end of March. “I’ve had four exhilarating years at the helm of London First, grappling with the impact [...]
Kudzai Zendera CA: ‘I’m proud of my heritage, my uniqueness and my willingness to stand up for what I believe in’ October 29, 2021 Kudzai Zendera CA discusses racial equality in the workplace and what he is ‘Proud to Be’. What was life like growing up for you? I was born and raised in London, but moved to Zimbabwe at the age of 12, along with my two brothers. The move was in part for us to understand the [...]
Standard Chartered to build new virtual bank in Hong Kong in fintech drive March 28, 2019 Standard Chartered will head up a new virtual bank in Hong Kong after being granted a licence by the region’s regulator. The London-headquartered bank will lead a joint venture with IT firm PCCW, telecoms company HKT and online travel company Ctrip Finance to build a standalone digital retail bank. Shares in the bank, which will [...]
Excl: Hong Kong activist Nathan Law slams firms ‘colluding’ with Beijing January 21, 2021 Western firms operating in China and Hong Kong are “compromising their integrity,” one of Hong Kong’s leading pro-democracy activists has told City A.M. Nathan Law, one of the leaders of the 2014 Umbrella Movement protests in the territory and now in exile in London, warned that “Beijing manipulates its economic power to conduct and expand [...]
Plan your finances optimally May 15, 2023 London’s innovative and respected First Wealth financial advice practice believes financial planning can and should mean so much more than the everyday business of making money — it’s the secret to achieving a more sustainable life with the least amount of stress. The company, which specialises in wealth management, financial coaching, financial planning, tax planning [...]
ULEZ: ‘Unreasonable’ scrappage schedule means daily charges for ‘quite some time’ after expansion August 9, 2023 Many drivers will be charged daily fees “for quite some time” because London’s car scrappage scheme is not being extended until eight days before the expansion of the ultra low emission zone (ULEZ), a motoring services company has said. The RAC, which issued the warning, described the timings as “extremely frustrating”. The area covered by [...]