The Square Mile and Me: Steve McGill on Boots, negativity and the Four Seasons April 20, 2023 We dig into the memory bank of the City’s great and good: this week, Steve McGill details his life running the fastest-growing speciality broking firm in the world, McGill and Partners. Quick-fire round What’s your favourite…?
AA: Shareholders weigh up major sale of stake in roadside breakdown giant April 17, 2023 The AA’s shareholders are considering the sale of a significant stake in the £2.5bn breakdown specialists, as first reported by Sky News’ Mark Kleinmann. Towerbrook Capital Partners and Warburg Pincus have hired Goldman Sachs to advise on the deal, which could result in three shareholders taking an equal slice of the company. Analysts told Sky [...]
Just Stop Oil’s Square Mile slow walk causes chaos as Bank and Moorgate brought to a halt May 10, 2023 Just Stop Oil protestors caused chaos in the Square Mile this morning with a slow walk through Moorgate and Bank, which was eventually broken up by police. The environmental group forced the closure of roads, prevented buses from getting through and led to police officers issuing a Section 12 order, forcing them onto the pavement. [...]
Investec sets aside £30m for FCA motor finance review May 23, 2024 London-listed South African banking group Investec has set aside £30m to cover potential costs from a City regulator probe into unfair car loans that could leave the motor finance industry on the hook for billions in compensation fees.
The Notebook: Hunt must scrap the tourist tax if the UK wants to stay competitive January 29, 2024 Where the City’s movers and shakers have their say. Today, James Chapman, Director of Soho Communications, takes the Notebook pen. The tourist tax is causing the UK to fall behind European rivals Ahead of his Spring Budget, Chancellor Jeremy Hunt is casting around for measures to promote that most elusive of things, economic growth. It’s [...]
Lloyd’s swings back to profit, but says coronavirus impact ‘uncertain’ March 26, 2020 Lloyd’s of London said today it is in a “strong” position to support people amid the coronavirus outbreak, as it swung back into profit for 2019. Lloyd’s swung from a £1bn loss in 2018 to a pre-tax profit of £2.5bn last year, it revealed today. But chief executive John Neal said the insurer’s “primary focus” [...]
It’s not me, it’s you: Jassy warns Amazon staff it might not work out if they’re working from home too much August 29, 2023 Amazon chief executive Andy Jassy told workers “it’s probably not going to work out for [them]” if they don’t accept the company’s three-days-in-the-office mandate. “It’s past the time to disagree and commit,” Jassy reportedly said in a meeting last week, referred to internally as a ‘fishbowl’. “And if you can’t disagree and commit, I also [...]
HSBC scraps bonus cap for hundreds of top UK bankers after tense annual meeting May 3, 2024 HSBC shareholders have waved through the lender's proposal to remove an EU-imposed bonus cap, paving the way for it to hand bigger payouts to hundreds of top UK bankers, after a tense annual meeting dominated by questions over its pension policy and green finance.
Inside UK banks’ arms race against fintech start-ups June 8, 2024 The UK’s major banks are muscling into new areas of the fintech space as they look to keep up with a wave of young challengers and grab a slice of the lucrative market.
From Jamie Oliver to Jeremy King and Jason Atherton: Top restaurants opening in London in 2023 and beyond August 23, 2023 London may be in that strange, midsummer quiet period but the restaurant industry is already gearing up for the autumn rush, with some of the most exciting launches since the pre-Covid times lined up over the coming months. Whether it’s the iconic The Wolseley opening its second venue on King William Street in the City, [...]