UK’s financial services stronghold slips Investing The UK’s position as a financial services leader has cracked as under-investment and staff reductions weigh on the sector. Nearly half of senior financial professionals believe the UK’s dominance is waning, research from the CRIF found. Over 40 per cent said they would no longer consider the country a global leader in the industry. Sara [...]
Cannes Lions: Athletes, algorithms and the ascent of women’s sport Sport Business At this year’s Cannes Lions International Festival of Creativity, sport didn’t just show up – it dominated. From athletes turned media moguls to billion-pound plays on women’s leagues, the message was clear: sport is now a strategic asset for marketers hungry for cultural relevance, real life interactions and experiences, and commercial return. The Sport Beach [...]
Banks have used AI for decades, but ChatGPT bias changes everything Opinion Banks may have been using AI for decades, but ChatGPT and its in-built biases present a massive problem for the industry, writes Lewis Z Liu.
UK finance salaries drop as workers ‘actively develop’ tech skills June 4, 2025 UK finance salaries dropped by three per cent in 2025, new data has found, prompting more workers to look for new jobs and develop more tech skills to prop up their pay. Average pay in one of the UK’s richest sectors is now around £102,300, lower than the USA but still higher than Germany and [...]
Talking Finance: Five tips to have a healthier pension June 2, 2025 The reality is that the earlier you engage with your pensions, the better your chances are of having the kind of retirement you want.
Firms must move faster to prepare for T+1 April 23, 2025 Two thirds of the global investment industry is now preparing for the UK’s transition to a shorter settlement window, but more firms should act now to avoid a last minute scramble, says Chris Elms A new survey of financial firms reveals that almost two thirds of the global investment industry is now actively preparing for [...]
Finance bosses predict sharpest hiring drop since 2020 after tariff uncertainty April 14, 2025 Finance bosses expect the sharpest decline in corporate hiring since the third quarter of 2020 as geopolitical risks escalate. A fresh report from Deloitte has showed signs of a waning job market with wage growth expect to slow from 3.6 per cent to three per cent. A net 14 per cent of chief financial officers [...]
Rachel Reeves urges financial services to back emerging markets February 20, 2025 Rachel Reeves has met with top financial services firms to urge them to work with development institutions and within “emerging markets”. The Chancellor met with firms including Aviva, HSBC and Schroders in Canary Wharf today, as she called on industry leaders to seize on growth opportunities and shore up London as a leader in development [...]
HSBC set to unveil bigger profits as cost-cutting overhaul in focus February 16, 2025 HSBC is set to unveil bigger profits as investors prepare for an update on the bank’s cost-cutting overhaul, while earnings for Lloyds will be in focus amid a long-running motor finance probe. Rivals Barclays and NatWest set the tone for the banking sector when they reported stronger earnings this week, despite UK interest rates starting [...]
HSBC to unveil $1.5bn in savings alongside financial results February 14, 2025 Citing two people familiar with the matter, the FT reported that the savings will largely come from HSBC's decision to withdraw from non-core markets.