Veteran financier Sir Evelyn de Rothschild dies aged 91 November 8, 2022 Veteran financier Sir Evelyn de Rothschild has died at the aged 91. The tycoon, born in 1931, passed away “peacefully at home” according to a family statement released this morning. He served as chair of NM Rothschild and Sons and of The Economist in a long career spanning 60 years. Sir Evelyn de Rothschild, who [...]
Boost the City by signing trade deals and seizing net zero opportunities, finance sector lobby group says November 7, 2022 The UK government should overhaul regulation of the financial sector with a view to boosting the City’s green credentials and extending its global reach, one of the Square Mile’s most powerful lobby groups has said. The government should focus on the opportunities posed the global energy transition by transforming the City of London into a [...]
Calls for Swiss-UK trade deal grow as financial firms ramp up pressure November 2, 2022 A group of top financial firms has ramped up pressure on the government to strike a “ground-breaking” trade deal with Switzerland today in a bid to ease the flow of cash between the two financial centres. The value of trade between the UK and Switzerland hit £38.4bn last year but companies including Credit Suisse, Deloitte, [...]
Global financial sector is facing an ‘ethical crisis,’ new book warns October 25, 2022 The financial sector is facing an “ethical crisis” that is undermining the sustainability of the global economy, according to a new book by business ethics professor Dr Atul Shah. The current approach to teaching business ethics, in both academic and professional contexts, is narrowly-focused and detached from real-life, Shah’s new book, Inclusive and Sustainable Finance,says. [...]
Funding struggles see UK’s small firms resort to personal loans for financing October 24, 2022 UK small business owners are increasingly taking out personal loans to fund their firms due to the troubles they face in securing external capital. More than half (55 per cent) of UK small and medium-sized enterprise (SME) owners have taken out a personal loan to fund their business, research by tech firm Codat shows. The [...]
MPs call for crackdown on advisors enabling tax avoidance schemes October 24, 2022 A group of cross-party MPs have called on the UK government to begin cracking down on the accountants and financial advisors that facilitate tax avoidance schemes. In a new report, the all-party parliamentary group (APPG) on anti-corruption and responsible tax called for the UK’s tax system to be overhauled, to boost growth, increase tax revenues, [...]
Litigation funders warn EU regulation could hinder class-action lawsuits October 6, 2022 UK litigation funders have hit out at EU plans to regulate the sector in arguing the bloc’s proposals to cap fees could prevent class action lawsuits going forwards. The EU’s proposal is clear the litigation funding sector has the potential to support access to justice and help ensure public cases are brought to court, [...]
Your career in finance – what really counts September 30, 2022 | City Talk The finance industry is booming. With the purpose-driven gen-z entering the workplace, the finance industry provides an opportunity to make a difference whilst forging a professional career. The recent Future of Skills report published by CFA Institute digs into the priorities of employers and employees in the investment sector and the challenges the industry currently [...]
£277m financing deal between Quintain and J.P. Morgan to provide new homes at Wembley Park September 28, 2022 A £277m financing deal between development company Quintain and investment bank J.P. Morgan Chase will provide 769 new homes at Wembley Park. 74 percent of Quintain’s two new residential buildings, expected to be completed by early 2025, will be ‘Build-to-Rent’. Shops, cafes, restaurants and a 7-acre park are also in the works. The largest construction [...]
Queen mourning period gave tourism and retail big boost, says payment firm SumUp September 22, 2022 The Queen’s death and funeral may have led to 10 days of national mourning, but it also gave Britain a welcome tourism boost, according to payments firm SumUp. SumUp, which provides 4m small and medium-sized firms and other organisations with payment devices, said the industry experienced a spike in the last fortnight. It released data [...]