Regulators, mount up: FCA taking on City AM Triathlon Team Challenge July 9, 2025 They’re used to tracking them in their day jobs but next month the FCA will be hunting the Square Mile’s finest in water, by bike and on foot when they take part in the City AM Triathlon Team Challenge at the London T100. The financial services watchdog is entering no fewer than five teams in [...]
Bailey: Don’t force pension funds into UK assets July 9, 2025 Andrew Bailey has warned the government against forcing pension funds to invest in UK assets, saying that while reform to the sector was essential, he would prefer to see it done in a “natural” way. Treasury ministers have refused to rule out taking measures to make British pension funds allocate a certain share of their [...]
Thames Water bosses face fresh grilling from MPs over bonus row July 9, 2025 Thames Water bosses have been hauled back in front of MPs after accusations of a “lack of transparency” surrounding bonuses carved out of an emergency loan. The crisis-hit utility has refused to take back nearly £2.5m it paid to a host of senior managers from the £3bn lifeline provided by creditors earlier this year. Some [...]
Fintechs lobby Rachel Reeves for tax incentives to boost listings July 9, 2025 Top British fintech firms have urged Rachel Reeves to provide incentives to list in London or risk losing them to rival markets overseas. Executives from Clearbank, Atom, Revolut and Zilch met the Chancellor on Wednesday morning ahead of the Treasury’s Financial Services Growth and Competitiveness Strategy, in which fintech is expected to play a starring [...]
Chelsea set to bag £87m from Club World Cup victory July 9, 2025 Chelsea will add another £7.3m to their already ballooning prize purse if they win the Club World Cup on Sunday in New Jersey. The Blues will head to the MetLife Stadium in New Jersey on Sunday knowing they’ve already bagged around £80m from the competition Fifa president Gianni Infantino described as the “pinnacle” of club [...]
Not on the High Street slashes jobs as losses widen July 9, 2025 Not on the High Street has continued to slash jobs in a bid to stem its widening losses amid falling sales. The Bristol-headquartered business cut its headcount in March this year having also shed 70 members of staff in the year to 31 March, 2024. The update has been revealed in newly filed accounts with [...]
Bank of England warns on market impact of Trump tariffs July 9, 2025 The Bank of England has warned the UK could be particularly affected by further shocks to markets as a result of being “an open economy with a large financial sector”. The Bank’s Financial Policy Committee (FPC) warned that while bond markets had deteriorated, they could be in a worse position if President Trump followed through [...]
Wealth and stealth: Starmer eyes fresh tax hikes July 9, 2025 Keir Starmer has refused to rule out a wealth tax or so-called stealth taxes, a day after the fiscal watchdog said unfunded spending commitments on welfare put the public finances under intense pressure. The Office for Budget Responsibility (OBR) gave a damning verdict of the state of public finances in a comprehensive report published on [...]
How M&A dealmakers can ride out geopolitical storms July 9, 2025 Periods of political upheaval – while disruptive – can offer major opportunities in M&A as long as bold dealmakers adapt their strategies, says Dr Valeriya Vitkova Was Trotsky right after all? Since the double whammy of Brexit and the first Trump election victory in 2016, much of the developed world and its politicians, businesses and [...]
Will High Net Worths save LVMH’s share price? July 9, 2025 LVMH’s share price has taken a battering as nervous investors shy away from luxury companies amid a global downturn in the market. Its share price has fallen by more than 35 per cent since the end of January; it now trades at its lowest forward earnings multiple in seven years – roughly half that of [...]