UK set to face ‘sluggish’ growth in the face of sticky inflation and Bank of England interest rate hikes
Ed Warner: Forget WrestleMania, Super Bowl or the Olympics – London mayor should seek hefty portfolio of sporting events
UK set to open trade negotiations with Turkey July 18, 2023 The UK is set to pursue a new trade deal with Turkey in an effort to deepen relations with the country, the government has announced. Negotiations on an updated free trade agreement are expected to begin in 2024 after the two countries agreed there was scope to improve the existing deal. Britain’s trade with Turkey [...]
UK to issue visas for foreign construction workers to fill job shortages July 17, 2023 Carpenters, bricklayers and roofers are among migrant workers who will be allowed to apply for work visas and get a discount on fees in a bid to fill UK job shortages. The Home Office said it was “temporarily easing visa restrictions” for a string of construction roles by adding them to the shortage occupation list. [...]
Black Sea grain deal to expire Monday if Russia quits July 17, 2023 A pact that has allowed the safe Black Sea export of grain from Ukraine for the past year will expire at the end of Monday.
UBS to retain EY as auditor after Credit Suisse takeover – report July 16, 2023 UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse's accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision.
BlackRock beats profit estimates on robust inflows as investors pour money into funds July 14, 2023 BlackRock on beat second-quarter profit estimates, as investors continued to pour money into its various funds on the back of a rally in markets after a bruising start to the year. Markets have staged a comeback so far this year, braving the Federal Reserve’s rate hikes and a banking crisis that have raised risks of [...]
UK announces in-depth probe of Adobe’s $20bn Figma deal July 13, 2023 Britain’s antitrust regulator on Thursday announced an in-depth probe of Adobe’s $20 billion bid for cloud-based designer platform Figma, after the Photoshop owner said it would not offer any remedies to ease the regulator’s concerns. The Competition and Markets Authority (CMA) said late last month it had found the deal could lead to less choice [...]
The Square Mile and Me: Paragon Bank CEO Nigel Terrington talks paper rounds, The Lamb and office faux pas July 13, 2023 We dig into the memory bank of the City’s great and good: this week, Nigel Terrington, chief executive of Paragon Bank, takes a stroll down memory lane. What was your first job? I was a paper boy, aged around 14, in Surrey. I had to get up ridiculously early and the biggest challenge was to [...]
Sunak says Ukraine ‘belongs’ in NATO as Wallace warns UK is ‘not Amazon’ for weapons delivery July 12, 2023 Rishi Sunak told Ukraine’s president Volodymyr Zelensky he belonged in NATO as he assured him “real progress” had been made on security guarantees for Kyiv in its fightback against Russia. The prime minister met the Ukrainian president on the fringes of the NATO summit in Vilnius. Zelensky has been left frustrated by the reluctance of [...]
Global energy demand will soar over next two decades, says OPEC July 11, 2023 Global demand for all forms of energy is forecast to rise 23 per cent through 2045, according to OPEC's latest forecasts.
Nutmeg co-founder Nick Hungerford dies aged 43 July 11, 2023 Co-founder of investment app Nutmeg, Nick Hungerford, has died at the age of 43 having been diagnosed with a rare form of bone cancer in 2019. “We are deeply saddened to share the news of Nick’s death,” his charity said in a statement today. “In loving memory of our founder, our work to make sure [...]