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Business

  • Former M&S CFO Helen Weir named new chair of National Express

    September 8, 2022

    Former M&S CFO Helen Weir has been named the new Independent Non-Executive Director and Chair Designate of National Express.

  • Shares plunge as US private equity titan backs out of Darktrace takeover

    September 8, 2022

    UK tech darling Darktrace posted revenue and customer growth and pushed back against reports that it was in takeover talks with US private equity giant Thoma Bravo.

  • Lloyd’s of London to give staff £2,500 helping hand ahead of winter

    September 8, 2022

    Lloyd’s of London is to give staff earning less than £75,000 per year a £2,500 one-off payment later this month to help with surging inflation. Chief Executive John Neal told City A.M. this morning that it was set to be a “pretty rotten winter” and “as employers we’ve got an obligation to think, to care [...]

  • City Moves: Who’s switching jobs in the Square Mile?

    September 8, 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. Constantine Law Employment and regulatory specialist law firm Constantine Law has poached its latest lawyer from Bird & Bird. Nicola O’Connor, who brings over 20 years of experience to the firm, will focus on leading internal investigations [...]

  • Exclusive: Three quarter of Brits pay for subscriptions they don’t use

    September 8, 2022

    Three quarters of Brits who have subscriptions say they are currently spending on services they don’t regularly use.

  • FCA ‘right to resist’ financial inclusion role, legal experts say

    September 8, 2022

    Granting the UK’s top financial watchdog responsibility for ‘financial inclusion’ would be “overreach” and give it powers that it cannot discharge, legal experts have warned today.

  • Ministers press ahead with powers to intervene in financial rules

    September 8, 2022

    Ministers have pressed ahead with plans to grant the government “call in” powers to intervene in financial regulation today, just one day after City watchdogs underlined the importance of regulatory independence to financial stability.

  • Allwyn eyes up its American dream amid Camelot u-turn

    September 7, 2022

    Following Camelot’s withdrawn legal battle over the National Lottery licence this week, Allwyn seems to be heading full speed ahead with its American dream, as well as its New York listing. Blank check firm Cohn Robbins Holdings Corporation (CRHC) announced this evening that its shareholders approved the business combination with Allwyn: paving the way for [...]

  • Audit watchdog’s Birmingham staff relocation plans still to be decided

    September 7, 2022

    Ministers have not yet come to a decision as to whether staff at the Financial Reporting Council (FRC) will be asked to relocate to Birmingham following the launch of the UK’s new audit watchdog, City A.M. understands. Staff were told that Birmingham had been picked as the home of the UK’s new Audit, Reporting Governance [...]

  • New justice secretary Brandon Lewis faces calls to ‘open negotiations’ with barristers

    September 7, 2022

    Former secretary of state for Northern Ireland Brandon Lewis is set to succeed Dominic Raab as the UK’s new justice secretary. The 51-year-old MP for Great Yarmouth is set to face immediate pressure from striking barristers following calls from the chair of the Criminal Bar Association for “substantial positive movement” from the government. The appointment [...]

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