Brexit onslaught deepens as a third of all UK exporters to EU vanish due to red tape knockout September 15, 2022 The number of UK businesses exporting goods to the EU fell 33 per cent to 18,357 in 2021, from 27,321 in 2020, according to data from HMRC. Discussing the figures with City A.M., Michelle Dale, a senior manager at accountancy firm UHY Hacker Young, pointed out the fall is due to the extra red tape [...]
Auditor to Sanjeev Gupta’s metals empires cuts ties to at least two key firms September 15, 2022 The little-known firm responsible for audits the accounts of Sanjeev Gupta’s metals empire has resigned from at least two of the embattled magnate’s core firms, following the launch of a probe in May. Two-office accounting firm King & King has resigned as auditor from Liberty Specialty Steels and Liberty Steel Dalzell, Companies House filings show. [...]
Lloyd’s of London closes underwriting room to remember Queen Elizabeth II September 15, 2022 Lloyd’s of London today closed its underwriting room to hold a memorial to Queen Elizabeth II and mark the accession of King Charles III. The centuries-old insurance marketplace closed the underwriting room in its iconic City headquarters, as it held a ceremony to remember Her Majesty and express support for the new King. The ceremony [...]
Scrap the cap: It’s the right thing to do September 15, 2022 The bankers' bonus cap is reportedly on the chopping block, and it'd be a fine way to signal a change in tone from government
Microsoft’s Activision Blizzard deal faces deeper competition probe September 15, 2022 The competition regulator has referred Microsoft’s $68.7bn snap up of Call of Duty maker Activision Blizzard for an in-depth investigation, spelling danger for the gaming sector's monster deal.
Morgan Stanley’s Vishal Gupta and Carmignac’s Mark Denham named City’s top stock pickers in new research September 15, 2022 Morgan Stanley veteran Vishal Gupta is the City’s best portfolio manager when it comes to picking stocks, according to research released today. The Square Mile boss who works for Morgan Stanley Investment Management was recognised as the top brass in a study released by Essentia Analytics. Mark Denham of Carmignac came in second, while Jonathan [...]
OnlyFans should fork out more UK VAT for its subscribers, EU advises September 15, 2022 OnlyFans has been told by EU court advisors that it may need to fork out VAT on the full amount paid by subscribers, not just a discounted sum. OnlyFans’ parent firm Fenix took an initial grievance about VAT to a UK tribunal after HRMC ordered the UK based firm to pay VAT on all the [...]
Keystone Law ready to poach lawyers hit by downturn, firm chief James Knight says September 15, 2022 Keystone Law’s head has said the listed law firm is readying itself to profit on the looming economic downturn, with a view to poaching lawyers laid off from other firms. Speaking to City A.M. Keystone chief executive James Knight said the remote-first law firm is ready to pick up those lawyers facing heightened pressure to [...]
Jury finds London barrister guilty of raping Tinder date in 2017 September 15, 2022 A London barrister who forced himself on his Tinder date has been jailed for four years for rape. Robin Jacobs, 39, reacted angrily and shouted from the dock “I didn’t do it” after he was found guilty following a retrial at the Old Bailey on Thursday. The court heard how Jacobs told the woman to [...]
Amazon strike ballot ‘making history’ says UK union boss September 15, 2022 AMAZON workers at a Coventry warehouse became the first in the UK to take part in a formal strike ballot against the ecommerce titan. Hundreds of workers began voting this morning on whether to walk out over Amazon’s 35 pence per hour pay offer, with union GMB lobbying for a £2 per hour increase as [...]