Tax from UK’s financial sector pays for the country’s entire education budget May 21, 2024 "Financial and related professional services are a significant and consistent source of tax revenue for the government," Miles Celic, chief executive at TheCityUK, said.
City helps UK pull ahead of rivals to be Europe’s top destination for investment in financial services May 20, 2024 The UK has extended its lead as Europe's top destination for investment into financial services despite the impact of Brexit, according to a new survey from EY.
Asda kicks debt worries into the next decade after £3.2bn deal May 3, 2024 Asda has pushed its debt worries into the next decade after it refinanced more than £3.2bn of its debt, it has been announced.
The indispensable role of project management in business success April 30, 2024 | Sponsored In a new report ‘The Golden Thread’ by the Association for Project Management (APM) and PwC Research, the project management profession is shown to contribute £186bn of gross value added (GVA) to the UK economy in 2024. This represents £30bn growth since 2019. The project profession also employs an estimated 2.32 million full-time equivalent workers [...]
How damage to the UK’s nature could knock £300bn off GDP April 25, 2024 Damage to nature in the UK could contribute to a hit to the economy larger than the financial crisis or the Covid-19 pandemic, new research has shown.
ESG Future Growth Forum Launches To Help Firms Balance Commercial and Sustainable Growth April 24, 2024 | Sponsored The ESG Future Growth Forum 2024, held at the prestigious X+Why venue on Colmore Row, Birmingham, UK, successfully concluded its inaugural event on Wednesday, April 10th. Bringing together leaders from various sectors including business, professional services, and finance, the forum served as a pivotal platform for executives committed to driving commercial success while prioritising ESG [...]
London and New York are partners for prosperity April 22, 2024 Together, London and New York can use financial and professional services to drive prosperity on both sides of the Atlantic, says Chris Hayward London and New York are the twin pillars on which the global financial system rests. The United States is our single largest trading partner, worth over £315 billion annually. Of that, over [...]
Cathie Wood’s ARK expands to Europe despite poor performance April 18, 2024 Cathie Wood’s ARK has expanded to Europe, launching its first exchange traded funds on the London Stock Exchange. An analysis by Morningstar earlier this year found that ARK had destroyed $14bn in wealth over the past decade, topping the list of wealth destroyers among investment companies. “These funds managed to lose value for shareholders even [...]
Plus500 expects to outperform market expectations after strong start to 2024 April 16, 2024 The London-Israeli firm saw a 13 per cent jump in new customers compared to the same quarter last year, although the number of active customers dipped two per cent.
Goldman Sachs beats expectations as investment bank shows signs of recovery April 15, 2024 A nascent recovery in investment banking helped Goldman Sachs outperform expectations, with quarterly profit rising 28 per cent to over $4bn in the first quarter of the year.