‘The government aren’t the experts’: Liberal Democrats vow to push back controversial Pension Schemes Bill
Exclusive: New co-working hub headed to Oxford Street this autumn September 6, 2022 A new co-working hub is coming to Oxford Street, City A.M. can reveal today. Office and workspace company Huckletree, which operates across some of the biggest cities in the UK, is set to unveil its fifth London site in November. The 22,000 square foot workspace, in Jubilee House, is hoped to bring a much-needed boost [...]
OPEC+ to cut oil output as recession fears weigh down demand September 5, 2022 OPEC+ have agreed a small output cut in oil production to bolster prices that have dipped amid escalating fears of an economic slowdown.
Liz Truss: New PM can be radical – but she’ll need to keep sceptical markets onside September 5, 2022 As she gets used to the new letterhead on her stationery over the next couple of days, Liz Truss will also be introduced to the art of the balancing act. The job of Prime Minister requires different skills from that of a successful Cabinet minister, on whom it is beholden to drive forward their own [...]
Birmingham picked as home of UK’s new audit watchdog September 5, 2022 MINISTERS have chosen Birmingham as the home of the UK’s new audit watchdog, in a move that risks an internal backlash at the supervisory body it is set to replace. City A.M. understands the soon-to-be launched Audit, Reporting and Governance Authority (ARGA) watchdog will be headquartered in Britain’s second largest city, Birmingham. The new regulator [...]
Amigo Loans cuts ties with KPMG following ‘competitive tender’ September 5, 2022 Amigo Loans has cut ties with KPMG in appointing mid-tier accountancy firm MHA MacIntyre Hudson as its new auditor. The subprime lender said in a statement it had appointed MHA MacIntyre Hudson as its new auditor after the accounting firm won a competitive tender for the contract to audit Amigo’s accounts. KPMG said in a [...]
Lloyd’s of London says state-backed cyberattack policy is ‘responsible’ September 5, 2022 Lloyd’s of London has defended plans to stop providing insurance coverage for state-backed cyberattacks. In an interview with the Financial Times, Lloyd’s chief of markets Patrick Tiernan said the insurance marketplace is “being responsible” by taking a cautious approach. In a note last month, Lloyd’s explained that the potential for state-backed cyberattacks to spread could [...]
Exclusive: Subscribers more likely to cut video rather than music says Deezer CFO September 5, 2022 Deputy CEO of Deezer has said users are more likely to cut video streaming subscriptions than they are music as consumers are forced to tighten their belts on subscriptions.
Exclusive: Demand has to be tackled alongside supply, says energy boss September 5, 2022 The Government needs to combine support for households with policies that will cut supply demand, argued Good Energy boss Nigel Pocklington.
Netflix pushes forward with ads offering as new players continue to pile in September 5, 2022 Netflix is reportedly bringing forward the launch of its cheaper ad-supported tier as the streaming giant tries to keep hold of a dwindling subscriber base.
Exclusive: Fracking revival draws mixed response from industry analysts September 5, 2022 The growing possibility of fracking being revived in the UK has drawn a mixed response from energy analysts and think tanks.