Former Trump ally Mike Pompeo joins London-listed copper firm January 30, 2025 Former US secretary of state and one-time Trump ally Mike Pompeo has joined London-listed copper miner ACG, bolstering its board as it plots a deals offensive and international expansion. ACG, led by a former executive at Russia’s biggest aluminium miner, said the former CIA director would join as a non-executive director and bring “valued strategic [...]
AIM and Aquis: London’s junior stock markets under threat without ‘urgent action’ from Reeves January 30, 2025 The government must take “urgent action” to revive London’s junior stock markets AIM and Aquis or risk more firms flooding overseas this year, a top City group has warned. In a new report today, The City UK, a trade body representing the UK’s financial services sector, called on the Chancellor Rachel Reeves and financial regulators [...]
Planes and trains are great, but Reeves must fix financial infrastructure too January 30, 2025 New rail projects and reservoirs are welcome, but if Rachel Reeves really wants Britain to be a better place to do business, she must modernise the City too, says Chris Elms In her speech yesterday , the Chancellor Rachel Reeves spoke of her plans to better link the high-productivity areas of Oxford and Cambridge and [...]
Mark Kleinman: Are Barclays pay rows a mere historical relic? January 30, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column. This week, he tackles pay rows at Barclays, how WH Smith is clinging on and a floating debate for Monzo Are Barclays pay rows a mere historical relic? There was a time when Barclays and public [...]
Cornwall hopes for tin mining revival as metals firm lands £56m injection January 29, 2025 After the belts whirred to a halt and workers left Cornwall’s last operating tin mine for a final time in March 1998, a question was painted on its outer wall: “Cornish lads are fishermen and Cornish lads are miners too. But when the fish and tin are gone, what are the Cornish boys to do?” [...]
RBG: Listed legal firm ‘temporarily suspended’ from trading January 28, 2025 Shareholders were informed on Tuesday morning that troubled listed legal group RBG Holding requested 'temporarily' suspension pending clarification of its financial position.
CMA to “brainstorm” growth ideas with business groups as pressure mounts January 27, 2025 The competition watchdog is set to be grilled by some of the UK’s biggest business bodies tomorrow as it looks to shore up confidence following the ousting of its chair by ministers last week. The Competition and Markets Authority (CMA), which has faced anger from both the government and private sector over what has been [...]
City grandees call in small firm specialists to ease London AIM exodus January 27, 2025 The group of City grandees lobbying for reform of the UK’s capital markets has bolstered its team with two small-company-focused executives today, signalling a push from the body to address the crisis gripping the UK’s junior stock market AIM. The Capital Markets Industry Taskforce (CMIT), led by London Stock Exchange boss Julia Hoggett, said that [...]
Ferrari Group picks Amsterdam for $1bn float in fresh snub to London Stock Exchange January 27, 2025 Ferrari Group, which specialises in shipping luxury goods across the globe, has announced plans for a $1bn float in Amsterdam in another blow to the London Stock Exchange. The London-headquartered company has confirmed its intention to launch an initial public offering (IPO) on Euronext Amsterdam. Ferrari Group was founded in Italy in 1959 and has international operations [...]
PRA under pressure to cut red tape as growth plans fail to excite the City January 22, 2025 The banking regulator is under pressure to go further and faster in its efforts to cut red tape from the City after it outlined plans to boost the growth of firms within its remit last week. In a letter to the Prime Minister and Chancellor, the PRA, which sits within the Bank of England and [...]