Closing the gap: Now is the time to give women the money they need March 26, 2024 A mile marker for all start-ups is funding, but for so many female founders, it has become less of a marker of success and more of a roadblock.
KPMG plans to hikes fees by up to 20 per cent due to higher cost of staffing May 19, 2022 Big Four accountancy firm KPMG has warned clients it is planning to substantially increase its audit fees, in order to pay for higher salaries. The auditor told its clients it plans to increase fees by between 5 per cent and 20 per cent due to facing higher costs linked to new industry rules and the [...]
Thames Water not included in £180m sewage cleanup plan. It has an £8bn bill instead March 11, 2024 It is understood the environment agency is disappointed that Thames Water did not make a fresh funding commitment, and was unable to accelerate investment.
Spring Budget 2024: Hunt plans Natwest government share sale this summer as Farage says debanking row ‘far from over’ March 6, 2024 Chancellor Jeremy Hunt has outlined plans for the government to begin selling part of its stake in Natwest to the general public "at the earliest opportunity" this summer, as part of wider efforts to boost stock market investment.
Former Channel 5 chief Dawn Airey named Channel 4’s interim Chair as privatisation battle looms January 25, 2022 Ofcom has today announced the appointment of Dawn Airey as Channel 4’s interim Chair, replacing current Chair, Charles Gurassa, who departs on 27 January 2022.
Hunt to unveil post-Brexit Big Bang 2.0 for UK financial services industry December 8, 2022 Jeremy Hunt will finally unveil the government’s plans to shred EU financial services laws today as he proposes a package to boost the City’s global competitiveness post-Brexit. Hunt will deliver the landmark announcement in Edinburgh this morning, with the chancellor set to drop Solvency II capital requirements on insurance firms and ease current bank ring-fencing [...]
Banks must pass on rate hikes to savers – or risk a windfall tax, warn experts March 5, 2023 Banks should pass on higher interest rates to savers in order to stave off pressure for a windfall tax, a host of experts have warned. Calls for a windfall tax on the banking sector have grown after most of the UK’s largest lenders recorded strong profits in their latest results. After a decade of ultra-low [...]
Millions face swelling mortgage bill as lenders brace for rate hike October 29, 2021 Households across the UK face swelling mortgage costs on top of higher tax bills and an increasing cost of living. Several of Britain’s big players in the mortgage market lifted interest rates on their products immediately after the budget this week in anticipation of a looming rate hike from the Bank of England. HSBC, Barclays [...]
Barclays investment bankers face ‘double-digit’ cut to bonus pool January 24, 2020 Barclays investment bankers are reportedly facing a double-digit fall in their bonus pool for 2019, as chief executive Jes Stanley pushes for the lender to meet profitability targets amid growing pressure from an activist investor. Barclays Investment Bank reported a strong third-quarter performance with a 41 per cent jump in net profit. But the division’s [...]
Analysis: A growing economy and falling energy bills, the stars could be aligning January 13, 2023 Britain might narrowly avoid a technical recession, energy prices could be falling , and mortgage borrowing costs might not be as crippling. Sascha O’Sullivan looks at the good news.