Rachel Reeves reveals plans to cut spending by £5.5bn and address ‘unforgivable’ inheritance July 29, 2024 Rachel Reeves announced spending cuts worth £5.5bn as the new government seeks to address a £22bn black hole in the public finances.
To attract and retain the best talent, the Square Mile must break down class barriers August 8, 2022 Later this month, young people across the country will be opening their exam results and looking ahead to an exciting future. I hope that many of them will eventually choose to forge a career in the Square Mile, just as I did a few decades ago. City firms try to attract the best talent to [...]
Average UK household owns £1.2m less than richest July 20, 2022 The wealth of the richest UK households is on average £1.2m higher than typical Brits, a new report released today shows. Wealth inequality has hovered around the same level since the mid-1980s, albeit from an already elevated footing, with the richest consistently owning around half of the UK’s stock of assets, according to the Resolution [...]
Investing in emerging markets is like sex: For good or bad depends on your position. January 11, 2023 It’s not a bandwagon, Africa’s emerging market is a hotbed for foreign investors; 75% of total investment in 2021 was made by foreign investors. Across all investors, Africa received a significant injection of cash: a grand total of $5.2bn was invested across 604 companies, 4 startups of which are now worth over $1bn. West Africa [...]
Award of 27 oil and gas licences ‘boost for UK energy security’ October 29, 2023 An offshore energy trade body has welcomed the announcement of 27 new oil and gas licences as a “boost for UK energy security”. Announcing the licences, the North Sea Transition Authority (NSTA) said they have been awarded in areas prioritised because they have the potential to go into production more quickly than others. It said [...]
I’m the only openly gay CEO in UK banking. LGBT people still face so many barriers June 24, 2024 The City can put on a good show for Pride, but its C-suite record shows LGBT representation still has a long way to go, writes Anthony Watson.
Sensible Southgate has turned into Gung-ho Gareth. Now he must gamble again June 23, 2024 The extent to which Southgate gambles again may come to define his last days in the job.
Disney helps propel Excel London to year of record-breaking success June 19, 2024 Excel London, the UK's largest exhibition centre, has had a record-breaking year as a surge in visitors boosts its revenue to its highest level ever.
Morgan Stanley: Ted Pick wins race to replace long-time chief James Gorman at Wall Street bank October 26, 2023 Morgan Stanley’s Ted Pick won the race to succeed long-time CEO James Gorman and promised to stick to the blue chip Wall Street firm’s strategy as it navigates a deal-making slump and uncertain economic outlook. The investment bank said Gorman, who has held the top job since 2010 and steered the bank in the aftermath of the [...]
Rishi Sunak set to announce £5bn defence spending boost during AUKUS summit March 12, 2023 Prime minister Rishi Sunak is set to announce a £5bn boost to defence spending during a key summit on the US-UK-Australia nuclear submarine deal. Sunak flew to San Diego on Sunday to attend a trilateral meeting with US president Joe Biden and Australian prime minister Anthony Albanese. It’s hoped Albanese will announce Australia is purchasing [...]