City Moves: Who’s switching jobs in the Square Mile? September 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Lombard Odier Investment Managers Lombard Odier Investment Managers has built out its UK wholesale team with a fresh sales director. George Guest, who stepped into the London-based role at the end August, will be responsible for promoting [...]
The price cap freeze: It’s not good, but it’s not the worst September 7, 2022 With the Liz Truss facing a host of bad options, a transparent freeze on the energy price cap might be the least bad of the lot.
BAE Systems muscles in on satellite space with defence cluster September 7, 2022 British aerospace and defence giant BAE Systems is set to unveil a satellite cluster later today. The cluster, made up of four satellites, will be focused on earth observation, intelligence, surveillance and reconnaissance and be rented out to businesses and allied governments alike. Much like the smartphone, the satellites will be able to download different [...]
Independence is ‘vital’ for effective regulation, say watchdogs September 7, 2022 The UK's top financial regulators have doubled down on their continued independence from political influence today as they warned that pursuing short term growth by "lowering" regulatory standards could threaten financial stability.
FCA issues warning over influencers peddling online trading services September 7, 2022 The UK’s financial watchdog has warned Brits against the dangers of unregulated financial advice today amid fears that social media influencers are peddling crypto and forex trading as a way out of a cost of living crunch.
Siemens refutes Gazprom claims for Nord Stream pipeline shutdown September 6, 2022 Gazprom's claims that the Nord Stream 1 pipeline is down due to faulty equipment were called into question by Siemens Energy.
Audit watchdog’s move to Birmingham could spark staff exodus, industry experts warn September 6, 2022 The government’s decision to pick Birmingham as the future home for the UK’s new audit watchdog could see an exodus of talent from the regulator it is set to replace, industry experts have warned. City A.M. reported yesterday that ministers had picked the UK’s second largest city, Birmingham, as the home of the soon-to-be-launched Audit, [...]
Exclusive: MPs rebuke Wise after it freezes not-for-profit’s account September 6, 2022 Money transfer firm Wise has been rebuked by a group of MPs today after it suddenly froze the account of a non-profit drug policy organisation and prevented its staff from being paid, City A.M. can reveal.
Allwyn still not quite at National Lottery jackpot September 6, 2022 DESPITE Camelot confirming that it would be withdrawing its legal challenge against Allwyn over the National Lottery licence, there remains one last obstacle between the Czech firm and the jackpot contract: IGT. While the Gambling Commission acknowledged Camelot’s decision, the regulator said it wasn’t aware of changes to technology firm IGT’s position. IGT, which provides [...]
DS Smith wraps up another investor confidence package September 6, 2022 Shares climbed for DS Smith this afternoon after the packaging firm said it had posted strong profit growth in the recent quarter. The company said in its AGM trading update that overall trading was in line with expectations thanks to “pricing momentum and good cost control”. “We are focusing on ensuring the highest levels of [...]