370,000 small businesses at risk of downsizing and closures next month, warns industry group March 24, 2023 Hundreds of thousands of small businesses are at risk when support for energy bills is slashed next month, warns a leading industry group.
‘When markets are weak, that’s the time to strike’: FinnCap poised for deal offensive after Cenkos tie-up March 24, 2023 The boss of London-listed investment bank and brokerage FinnCap said the firm was gearing up for a deal offensive this year after announcing a £42m tie-up with rival Cenkos Securities yesterday. FinnCap is among a host of the City’s broking and advisory firms hit by a slowdown over the past 12 months as markets were [...]
EY chief says it’s still too early to say whether split plan can be rescued March 23, 2023 The head of EY’s US business has said it is still too early to say whether the accounting giant’s global split will go ahead in its current form or whether the plan might have to be reworked. Julie Boland told the Financial Times it would be “premature” to predict whether EY’s current plan to split [...]
London proves Brexit doubters wrong to clinch Europe finance crown March 23, 2023 London has again clinched Europe’s financial centre crown, beating back glum predictions that Brexit would knock the capital’s competitiveness on the global stage, a new index out today reveals. The capital scored well across think tank Z/Yen’s 33rd Global Financial Centres Index (GFCI), helping to to retain the top spot in Europe. London’s access to [...]
Meet the City’s new enforcers: FCA calls in regulatory veteran and NCA boss to lead clampdown March 23, 2023 The Financial Conduct Authority has appointed two new chief enforcers today as it prepares to clampdown on financial crime and usher in contentious new consumer rules this year.
888: Share price tanks as betting giant struggles to regain market confidence following chief’s exit March 23, 2023 The share price for William Hill owner 888 tanked this morning as the group struggles to regain investor confidence following an investigation of its VIP services and exit of its chief executive earlier this year. It comes despite the betting giant, which also owns gambling brands such as 888 Casino, revealing that it is trading [...]
10 construction firms fined £60m for ‘illegally colluding’ to rig contracts including for Selfridges and 135 Bishopsgate March 23, 2023 The UK competition watchdog has fined 10 construction firms a total of almost £60 million for “illegally colluding” to rig bids for contracts. The construction firms have been punished over cartel agreements related to 19 contracts worth over £150 million on both public and private sector contracts. The Competition and Markets Authority (CMA) said the [...]
Can Tulip Siddiq get Labour’s City plans blooming? March 23, 2023 Labour's Shadow City minister talks facing off against her opposite number and the struggle for the Square Mile.
Cardiovascular Disease – To know, you’ve got to know March 23, 2023 | Sponsored Cardiovascular disease is the leading cause of deaths in England. Many people don’t know about it, or think it doesn’t affect them – yet it is the cause of one in four deaths across England. The good news is that CVD is largely preventable – and your blood pressure is the easiest way to tell [...]
Adios Amigo? Lender set to wind down after failing to raise £15m survival cash March 23, 2023 Controversial lender Amigo loans is set to be wound down after failing to raise cash as part of an emergency turnaround plan.