Everton FC registers £120m loss after pandemic impact and suspension of Usmanov support March 29, 2022 Everton Football Club registered a £120.9m loss in 2021, meaning it’s almost £400m down over the last four years. The beleaguered Merseyside club attributed its loss to the pandemic as it published annual accounts this week, against the backdrop of severed sponsorship with a sanctioned Russian oligarch. It said there were £170m losses despite a [...]
AIG lines up IPO for retirement division as it inks $150bn deal with BlackRock March 29, 2022 US insurance giant AIG is lining up an IPO for its life insurance and retirements business which is expected to fetch a valuation of more than $20bn.
Election 2024: Which taxes will go up under Starmer’s Labour government? July 5, 2024 Tax and spend was one of the major points of contention during the election campaign. What will a Labour landslide mean for your taxes?
From pints to politics: Whatever happened to David Cameron’s ‘Golden Era’ of China relations? November 13, 2023 Before Trump, before the Belt and Road initiative, before pangolins, wet markets and the “Chinese virus”, before Ukraine, Chinese spies in parliament and the Uyghur genocide, there existed a brief golden window of time in which posh British kids learned Mandarin at school, politicians drank beer with President Xi Jinping and the City of London [...]
Hunt hopes for an uneasy peace between the markets, voters and his own party November 21, 2022 At the dispatch box, Jeremy Hunt opted to forgo the traditional Budget day whisky when he delivered the Autumn Statement. Given the task he was facing, you could forgive him for having a drink. Burgeoning estimates of the fiscal black hole were well trailed by a Treasury desperate to manage expectations. The final figure was [...]
UK dividends slump to $14.7bn in first quarter after slowdown in special payouts May 24, 2022 UK dividends slumped in the first quarter of the year after a slowdown in frothy one-off payouts that caused an $18.8bn spike between January and March last year.
Aston Martin unveils ex-Ferrari boss as new CEO May 4, 2022 Aston Martin has unveiled an ex-Ferrari boss as its new CEO, to steer the automotive and engineering firm through the energy transition and trim losses. Felisa, formerly the CEO of Ferrari, spent over 26 years with the rival automotive manufacturer. The incoming boss will succeed Tobias Moers, who steps down with immediate effect, but will [...]
City firms launch recruitment drive despite Brexit warnings April 14, 2022 City firms are scrambling to snap up the best talent in the financial services industry, suggesting the London jobs market has shaken off post-Brexit gloomy forecasts, reveals a closely watched survey published today. Banks, brokers and insurers in the Square Mile are recruiting for 73 per cent more roles in the first three months of [...]
Post Office and British Gas team up to offer free debt advice to those struggling with bills May 23, 2022 The Post Office has teamed up with British Gas to offer direct help to those struggling to pay energy bills amid the cost of living crisis. ‘Stop the Silence Pop-Ups’ will appear during the next three weeks across UK cities, giving people worried about their debts free practical and financial advice. Starting on Monday, the [...]
Wizz Air UK’s managing director: ‘We have not been affected by Covid-induced staff shortages’ April 14, 2022 Wizz Air UK has not been affected by the current wave of Covid infections that has forced other airlines to slash hundreds of flights, its managing director Marion Geoffroy said. “We haven’t seen an increase in the number of infected employees and we haven’t had to cancel any flights,” she told City A.M. “But we [...]