Why Rachel Reeves’s pension reforms might not be as ‘radical’ as she thinks November 14, 2024 While her changes may constitute the biggest overhaul of the pensions sector in decades, some in the City say the truly radical option remains firmly in the back pocket.
Exclusive: Reeves to reveal new mutual council with Nationwide and Co-op November 14, 2024 Chancellor Rachel Reeves will set out plans for a new mutual council today made up of some of Britain’s biggest customer and member-owned firms, including Nationwide, Royal London and the Co-op Group, City AM understands. In her maiden Mansion House speech, Reeves is expected to set out a growth plan for mutually owned business as [...]
Inside the ‘arms race’ for a private stock exchange – and why it’s dividing the City November 13, 2024 At a private workshop at the London Stock Exchange in September, a room full of investors and City bosses were split into separate groups and told to talk amongst themselves. Spread among them were officials from the Treasury, the Financial Conduct Authority and the London Stock Exchange, scribbling down the thoughts of those speaking and [...]
Exclusive: Reeves to reveal plans for ‘world first’ private stock market Pisces November 13, 2024 The government will set out its plans for a “world first” private stock market regime tomorrow in a bid to revive the UK’s flagging IPO pipeline, City AM can reveal. At her maiden Mansion House speech in the City, the Chancellor Rachel Reeves will reveal proposals to legislate in May next year for a regulated [...]
What the City of London wants from Reeves’s Mansion House speech November 12, 2024 Treasury officials have been hitting the phones to City firms over the past two weeks as Rachel Reeves prepares to deliver the government’s annual Mansion House speech to the financial services sector. The backdrop is a fractious one for the Chancellor. While the Labour party built cordial ties with the Square Mile in the run [...]
Aquis Exchange accepts £194m offer from Swiss group in blow to London November 11, 2024 The offer values Aquis shares at 727p per share, a 120 per cent premium to Friday's closing price of 330p per share.
Audit watchdog plans to ditch ‘environment’ focus in growth push November 11, 2024 The audit watchdog is planning to remove references to the “environment” and “society” from a code setting standards for City investors in a bid to simplify reporting processes and get behind the government’s push for growth, City AM can reveal. In a consultation document today, the Financial Reporting Council (FRC) will reveal plans to make a number [...]
How the accounting watchdog is looking to unleash the City November 11, 2024 As Richard Moriarty gripped the sides of a podium and spoke freely from a sheet of bullet points at the London Stock Exchange in September, a warmth was stirring among certain City executives in the room. The tie-less career regulator, boss of the audit watchdog, the Financial Reporting Council, laid out his plans to shake [...]
Shawbrook’s loan and deposit books top £15bn for the first time November 8, 2024 Shawbrook Bank said its loan and deposit books had topped £15bn for the first time after demand for lending jumped through the opening nine months of the year. In a trading update on the first three-quarters today, the retail lender said its loan book grew by 18 per cent on an annualised basis to £15.1bn, [...]
Prospect of fewer rate cuts buoys sterling and UK-focused stocks November 7, 2024 The pound and UK-focused stocks rose this afternoon after the Bank of England indicated it would take a more “gradual” approach to cutting rates in the year ahead. The Bank’s Monetary Policy Committee (MPC) voted to lower the base rate to 4.75 per cent in a widely anticipated move that follows a sharp fall in [...]
