FCA to review UK premium finance market amid price hike concerns October 16, 2024 The UK's financial regulator is to review Britain's premium finance market amid worries that consumers who borrow to pay for insurance may not be getting fair or competitive deals.
Bibby Stockholm: Profit rises for asylum seeker barge ahead of closure October 15, 2024 The Bibby Stockholm barge, which houses asylum seekers off the coast of Dorset, continued to turn a profit in 2023, it has been revealed. The three-storey vessel has posted a pre-tax profit of £167,035 for the 12 months, down from the £421,701 it reported for 2022. Newly-filed accounts with Companies House also show its turnover [...]
‘Win or lose you should behave the same’ – Tanni Grey-Thompson on going from the Paralympics to parliament October 15, 2024 Sport and politics are really similar, Baroness Tanni Grey-Thompson tells Michael Hayman in an interview for City AM “The moments I’ve got to bring about change could be few and far between… make the most of the time you have.” A message about the urgency of political transformation. Words that any new government should heed [...]
Government hails £6.3bn ‘vote of confidence’ in UK data centres October 14, 2024 Keir Starmer’s government hailed billions of pounds of investment into UK data centres as a “vote of confidence in Britain” today, as ministers announced scores of deals during the flagship International Investment Summit. US firms Cyrusone, Cloud HQ, Coreweave and Servicenow revealed plans to inject a combined £6.3bn in funding into the UK’s data centre [...]
Eli Lilly: UK must improve its offering as a ‘small market’ after Brexit October 14, 2024 The UK has become a “relatively small market” since leaving the European Union and must develop a different investment proposition from its counterparts in order to be interesting to multinational corporations, the boss of one of the world’s largest pharmaceuticals firms has said. Speaking shortly after his firm announced it “anticipates making £279m investment over [...]
Stansted Airport to add 5,000 jobs as part of £1.1bn expansion plan October 14, 2024 Keir Starmer unveiled proposals to expand Stansted's existing terminal building by a third at Monday's investment summit in London.
Like it or loathe it, DP World’s £1bn investment is vital to UK shipping October 13, 2024 The government narrowly avoided a major setback after DP World, the owner of P&O Ferries, threatened to pull £1bn in investment from London Gateway port.
Macquarie set to pledge £20bn new UK investment at Labour summit October 13, 2024 Australian infrastructure giant Macquarie is planning £20bn of new investment in the UK in a reprieve for Keir Starmer ahead of Labour's flagship investment summit.
Jenrick and Badenoch to face off in final Tory leadership vote as Cleverly crashes out October 9, 2024 Robert Jenrick and Kemi Badenoch will go head-to-head in the final heat of the Conservative Party leadership contest, after James Cleverly was knocked out in the latest round of voting.
Tory leadership: James Cleverly tops MP ballot as Tom Tugendhat knocked out October 8, 2024 James Cleverly has topped the latest MP ballot to take over as Tory leader, with rival candidate Tom Tugendhat being eliminated from the race. Former home and foreign secretary Cleverly received 39 votes from Tory MPs in the latest round of voting in the race to replace Rishi Sunak as leader. He overtook fellow hopeful [...]