JP Morgan and Bank of America profits shrink as US banks pay for SVB failure January 12, 2024 JP Morgan’s profits shrank in the final three months of the year as the lender paid out $2.9bn for the rescue of smaller regional banks in the US.
FTSE 100 close: Prudential results give London markets a boost after US jobs data August 30, 2023 London markets finished higher on Wednesday with the capital’s premier FTSE 100 index given a lift by strong results from Prudential. The FTSE 100 index climbed 0.1 per cent to close at 7,473.67 while the mid cap FTSE 250 index rose 0.5 per cent to end at 18,564.52. Prudential was among the FTSE 100’s top [...]
Exclusive: City bosses eye up strong first quarter but warn of threats to UK competitiveness January 3, 2024 Financial services bosses are optimistic about their first-quarter results but say economic and regulatory pressures threaten Britain's competitiveness, according to a survey of 160 senior executives shared with City A.M., as London struggles with a dealmaking slump.
Mansion House reforms could deliver ‘huge benefit’ to UK, says pensions giant finance chief March 22, 2024 "If the rules and regulations allow us to change that that could be a huge benefit. What we're working on, is how do we actually facilitate and make this happen?"
China’s zero-Covid policy hits Prudential’s business August 10, 2022 London insurance company Prudential today said it had suffered steep losses from its Hong Kong business due to China’s zero-Covid policy. The Asian focused insurer said profits from underwriting new policies fell 31 per cent in Hong Kong and four per cent in Mainland China. Covid restrictions in Prudential’s other cornerstone markets – Indonesia, Malaysia, [...]
English football referees’ v HMRC: Top UK court dismisses £584,000 tax appeal September 16, 2024 The Supreme Court has dismissed an appeal from the football refereeing body regarding the employment status of 60 referees after the body was hit a £584,000 tax bill. HMRC hit Professional Game Match Officials Limited (PGMOL) with the tax bill after it determined it should have paid taxation and National Insurance payments for the tax [...]
Hunt has raided the piggy-bank for his tax cuts. Will it work? November 23, 2023 By spending all of the extra inflation windfall in one go, its hard to avoid the conclusion that Hunt has taken a big gamble.
If he can’t cut taxes, the Chancellor must give Brits a stake in the economy March 6, 2024 The Budget is the government’s last chance to set out a vision for the economy before the next election – it should be one that supports hard work, investing and helps people be less dependent on the state, argues James Vitali A Budget speech is an exercise in storytelling: about where the economy is coming [...]
Jeremy Hunt signs ‘groundbreaking’ financial services agreement with Switzerland December 22, 2023 Chancellor Jeremy Hunt has signed what he called a “groundbreaking” deal with Switzerland on financial services.
Spring Budget 2024: Six things to look out for March 5, 2024 One thing is certain in the Spring Budget: Hunt will cut taxes. We do not know exactly what taxes he will cut or by how much, but with the Conservatives trailing Labour by as much as 20 percentage points, tax cuts are guaranteed.