Legal and General pledges ‘fresh perspective’ as profits slip below expectations March 6, 2024 In its full-year results this morning, the FTSE 100 firm said operating profit for the year stayed flat at £1.67bn
FCA to strip back red tape after conceding consumer duty ‘overlap’ July 29, 2024 The Financial Conduct Authority (FCA) will strip back red tape from the City and “streamline” its regulatory rulebook after conceding that its stringent consumer duty rules were overlapping with swathes of existing regulation.
Centrica vs HMRC: What does Supreme Court ruling on tax deduction mean for businesses? July 26, 2024 Just last week Centrica lost an appeal against HMRC over the treatment of professional services fees.
Merge council pension schemes to unlock £40bn investment bonanza, Reeves told July 23, 2024 Forcing the UK’s sprawling local government pension schemes (LGPS) to merge into a single “sovereign wealth fund” could unlock £40bn worth of investment for British infrastructure projects, a top pension manager has said.
Lloyd’s of London says state-backed cyberattack policy is ‘responsible’ September 5, 2022 Lloyd’s of London has defended plans to stop providing insurance coverage for state-backed cyberattacks. In an interview with the Financial Times, Lloyd’s chief of markets Patrick Tiernan said the insurance marketplace is “being responsible” by taking a cautious approach. In a note last month, Lloyd’s explained that the potential for state-backed cyberattacks to spread could [...]
Westminster under water: Bank regulator suggests stress tests for sudden and extreme climate events September 24, 2023 The head of the UK’s banking regulator has suggested testing the country’s financial system to see if it could withstand extreme and sudden climate events, such as Westminster ending up under water.
UAE businessman ordered to pay majority of Clyde & Co costs in negligence case June 25, 2024 A wealthy businessman has been ordered to pay 85 per cent of law firm Clyde & Co costs after judge stripped back his negligence claim in April
Rishi Sunak denies he’s ‘focused on elections’ as spring ballot rumours swirl November 27, 2023 Rishi Sunak has denied he is “focused on elections” despite increasing speculation that the government could plump for a spring ballot following a tax cutting Autumn Statement.
Simply Be and Jacamo owner hopes for a rebound after bumpy few months June 4, 2023 Investors in online retailer N Brown will be looking for signs of recovery in its full year results this week after the firm paid out a hefty legal settlement and has struggled amid a broader slowdown in consumer spending. N Brown, which owns brands such as Simply Be and Jacamo, reported a 7.6 per cent [...]
Sniffy frustrations at Solvency II reforms betray Bank’s out-of-touch approach March 6, 2023 Regulation is a risky business – pun intended. Reducing the possibility of something going completely Pete Tong is at the heart of the work of all of the City’s rulemakers, but it should not be the be-all and end-all. It is this trap into which the Bank of England and its Prudential Regulation Authority appear [...]