The UK has the tools, talent and expertise to unlock growth Opinion In a competitive global environment, Britain has everything it needs to succeed, but there are a few ways the government could help, says Chris Hayward The Chancellor’s Mansion House speech laid out a bold and detailed vision for the UK’s economy and financial services sector. The message is clear: Britain is not only primed for [...]
Autumn Budget 2024: City of London avoids ‘fright night’ tax raid from Rachel Reeves Business While Rachel Reeves’s maiden Budget will hike taxes by £40bn, the City of London has been spared a worst case scenario, writes Elliot Gulliver-Needham. The City has issued a cautious sigh of relief after the Chancellor Rachel Reeves’ Autumn Budget failed to follow through on some of the more radical rumours floated over the past [...]
Bank of England: Markets need to be prepared for ‘severe but plausible stresses’ Economics Officials at the Bank said that the “significant but short-lived spike in volatility and falls in equity indices” seen in early August demonstrated the risks facing global markets.
Financing growth? How the City’s frailties have hamstrung productivity October 1, 2024 Championing the UK's financial system should not obscure the fact that there is plenty of room for improvement.
City job openings set for ‘slight recovery’ after election-fuelled slump August 27, 2024 Recruitment for London finance jobs is expected to stage a "slight recovery" under the new Labour government, according to new research.
Barclays announces £750m buyback after beating expectations August 1, 2024 Barclays joined other lenders in announcing sizeable returns to shareholders after performing ahead of expectations in the second quarter. In the three months to June, Barclays reported a pretax profit of £1.9bn, more or less unchanged on last year but comfortably ahead of the £1.6bn expected by analysts. The lender’s investment bank and its wealth [...]
Metro Bank share price soars after lender reports its on track for profitability later this year July 31, 2024 Metro Bank expects to return to profitability in the final quarter of 2024 as the lender attempts to stage a recovery from a volatile year.
HSBC unveils another £2.3bn buyback in CEO Quinn’s last results July 31, 2024 HSBC announced yet another share buyback scheme and upped its guidance for the remainder of the year after beating expectations in the second quarter.
Natwest shares rise after strong results and deal for part of Metro Bank’s mortgage book July 26, 2024 Natwest became the latest bank to report a fading boost from higher interest rates as it announced the acquisition of part of Metro Bank's mortgage book.
Treasury expands business engagement unit with new City team July 25, 2024 The Treasury has created a new team to engage with City firms as the new Labour government looks to bulk out the department’s business engagement unit, City A.M. can reveal. It is understood that more staff have been moved into business engagement roles since the election as the new government tries to make good on [...]