‘Fading recession fears’ boost optimism as services sector bounced back to growth in February March 3, 2023 The UK’s service sector bounced back to growth in February as business optimism improved and activity expanded at the fastest pace since June. The S&P Global/CIPS UK services PMI survey showed a reading of 53.5 in February, up from 48.7 in January and slightly ahead of market expectations. Any score above 50 is considered growth [...]
FTSE 100 close: London joins Nvidia fuelled rally following strong PMI February 22, 2024 FTSE 250, which is more aligned with the UK's domestic market, was in the green around 0.27 per cent up, with Indivior's shares at +18 per cent.
City Moves: Who’s switching jobs in the Square Mile? November 2, 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. Calculus Investment firm Calculus has appointed a fresh investment director who will bolster the firm’s relationships in the life sciences sector. Elizabeth Klein brings a wealth of experience to the role having advised C-suite level executives in several [...]
UK continues to ‘dodge recession’ as private sector growth at six month high December 15, 2023 This comes as the UK economy has been flirting with a recession for more than a year, battling stubborn inflation, high energy bills.
Ex-PM David Cameron lobbied Tory associate at Lloyds to salvage Greensill pharmacy deal November 23, 2021 Former Prime Minister David Cameron lobbied Lloyds bank to change a decision to slash ties with ailing Greensill Capital, it has been reported. Cameron reached out to a board member whom he had ennobled during his Downing Street stint, the Financial Times reported on Tuesday. The newspaper cited “people familiar with the matter” as saying [...]
CBI suspends policy and membership activities after exodus April 22, 2023 The CBI has said it will “suspend all policy and membership activity” until it can hold a meeting of its membership in June.
4,500 TSB staff to be given £1,000 payment to weather cost-of-living crisis July 25, 2022 Around 4,500 staff at TSB are to be given a £1,000 payment after the high street lender became the latest firm to announce payouts to help employees weather the cost-of-living crisis. The payment will be made to all staff at the bank earning £35,000 or less and will be made in two stages – one [...]
Cricket champions Surrey swap Adidas for Andy Murray-backed City boys’ startup January 5, 2023 Surrey County Cricket Club have become the latest team to sign a deal with Castore, the Andy Murray-backed British sportswear startup founded by two former City workers. The reigning men’s County Champions today announced a multi-year agreement for their men’s and women’s teams to swap Adidas kit for apparel made by Castore, starting in the [...]
The Notebook: Where are retail investors putting their money? May 8, 2024 Victoria Scholar takes the Notebook pen to talk retail investors, Ozempic's fat profits, and the UK's inflation forecast.
Mark Kleinman: Why the City’s bonus cap move may not deliver Brexit bonus May 9, 2024 Mark Kleinman writes a weekly column for City A.M. - this week on Goldman bonuses, Foxtons' next move and broker job cuts