Why one US fintech boss reckons London is about to create ‘a lot of new winners’ May 28, 2024 The boss of a US fintech heavyweight has said London boasts more innovative firms than rivals across the pond, with a rebound in funding set to create "a lot of new winners" in the sector.
Bank of England says UK’s big banks passed stress test and are ‘resilient’ to rising rates July 12, 2023 The UK’s largest lenders passed the Bank of England’s stress tests with flying colours, even as concerns grow around the health of the mortgage market. In its latest stress test, the Bank of England concluded that banks were “resilient”, enabling them to withstand persistently higher inflation and a deep global recession. “The UK banking system [...]
UK to officially avoid recession in first half of this year as Bank of England readies twelfth straight interest rate rise May 8, 2023 Britain is set to have officially avoided a recession in the first half of this year in a sharp turnaround in fortunes for the country’s economy, figures out this week are expected to reveal. Gross domestic product (GDP), which measures the amount of goods and services produced in the UK, is anticipated to have risen [...]
Can Mel Stride’s bootcamps address ‘urgent need’ to boost workforce? May 21, 2024 Stride admitted that moving away from migration might provide a "recruitment challenge," but argued the policy formed part of a shift towards an "economic model based on British talent".
UK automotive recovery threatened by soaring costs September 29, 2022 Despite reporting the fourth consecutive month of growth, the UK’s automotive recovery is threatened by increasing costs. Figures released today by the Society of Motor Manufacturers and Traders (SMMT) revealed that 49,901 units were built in August – 34 per cent up year-on-year but 45.9 per cent down on pre-pandemic levels. Overall output remains 13.3 [...]
‘We talk about the three Cs now: cost of living, climate and conflict’ December 9, 2022 KPMG’s ESG chief, John McCalla-Leacy, discusses the scale of the challenge ahead ESG is a mercurial beast to grapple with at the best of times. Standards and regulation are yet to be consistently drawn up; definitions swing from a governance tool to an all-encompassing by-word for impact investing; and businesses and political leaders have begun [...]
Pinsent Masons ramps up its ESG presence with latest acquisition January 10, 2023 Pinsent Masons today acquired sustainable finance consultancy Morgan Green Advisory (MGA) as the London law firm seeks to capitalise on surging demand for ESG advice. The law firm’s acquisition for an undisclosed sum will see MGA’s 25 expert consultants join Pinsent Masons’ 2,500-strong international team. The London firm’s decision to snap up MGA comes as [...]
UK’s Serious Fraud Office should cover ENRC’s £21m costs in corruption investigation, London’s High Court hears March 6, 2023 Kazakh mining company ENRC today said the UK’s Serious Fraud Office (SFO) should, alongside US law firm Dechert, cover extra costs it accrued because of ex-City lawyer Neil Gerrard’s decision to leak company information to the fraud investigator, leading to the launch of a 10-year probe into the former FTSE 100 firm. At the opening [...]
Car sales: Better deals and more availability have pushed numbers up with Vauxhall models most popular March 6, 2023 The number of newly registered vehicles rolled out on the UK’s roads continued to soar with car sales rising for the seventh consecutive month. According to figures published by the Society of Motor Manufacturers and Traders(SMMT) car registrations rose by 26.2 per cent in February as an easing of supply chain shortages steered the market [...]
Exclusive: Tory leadership hopefuls’ income tax cut pledges will not support poorest July 13, 2022 Tory leadership hopefuls’ promises to bring forward the planned income tax cut will not help “those in real financial need”. That’s according to Tim Sarson, head of tax policy at KPMG UK, who shared his thoughts exclusively with City A.M. on what the eventual winner of the contest and the long-term chancellor need to prioritise. [...]