Prudential: New CEO gears up for first day at insurance giant February 23, 2023 Anil Wadhwani is to start his role as chief executive of Prudential on Saturday 25 February, the company has announced As previously announced in May 2022, Anil Wadhwani will join Prudential as chief executive. He will present 2022 Full Year Results on 15 March 2023 and will begin meeting with investors and stakeholders thereafter. Mark FitzPatrick, chief executive since 1 [...]
FCA warns firms to act now or risk falling foul of incoming consumer duty regime February 22, 2023 Firms must act now to prepare for a new consumer duty, a boss at the City regulator has said. Sheldon Mills, executive director of competition and consumers at the Financial Conduct Authority (FCA), told firms: “You still have time to deliver. But you must act now.” Speaking at an online event hosted by Deloitte marking [...]
Wizz Air named worst short-haul airline by UK passengers February 22, 2023 Wizz Air has been named the worst short-haul airline by UK passengers. Passengers surveyed by consumer group Which? gave the Hungary-based carrier one star out of five for boarding experience, cabin environment and seat comfort. The budget airline’s seat pitch – the difference between two rows in standard economy – is 28 inches, some two inches smaller [...]
Hold the ketchup: UK supermarkets facing tomato shortage February 21, 2023 UK supermarkets are facing a tomato shortage after bad weather in Europe and Africa disrupted supplies. Shoppers across the country have been sharing their frustration on social media after being unable to find tomatoes at their local stores. Growers and suppliers in Morocco have had to contend with cold temperatures, heavy rain, flooding and cancelled [...]
From Harry Styles to house prices: The top ten most read stories on City A.M. this week February 17, 2023 From Harry Styles’ Grammy outfit to more recession speculation, to here are the top ten most read stories by readers of City.A.M. this week, ending Friday 17 February. One: Harry Styles’ Grammys outfit The former One Direction band member’s choice of outfits came under the spotlight as he made appearances at both the Grammys and [...]
Will Heathrow airport’s resurgence boost the profits of British Airways’ owner IAG? February 17, 2023 British Airways’ parent company is set to return to profit for the past year as it continues its turbulent recovery. International Consolidated Airlines (IAG), which also runs Spanish operator Iberia, will reveal its latest annual financial figures on Friday February 24. It comes amid early positivity in the sector, which has helped support a 30 [...]
Liz Truss: Former PM urges nations to ‘learn lessons of Russian aggression and stand up to China’ February 17, 2023 Liz Truss has urged democratic nations to stand up to China and learn the lessons of not taking earlier and tougher action against Russia. Speaking in Japan in her first public speech since her resignation as prime minister, Ms Truss called on the international community to agree a co-ordinated package of defence, economic and political [...]
Strikes: RMT workers to stage another walkout over pay, jobs and conditions February 17, 2023 Rail workers are to stage a series of fresh strikes in the long-running dispute over pay, jobs and conditions. Members of the Rail, Martine and Transport union (RMT) will walk out on March 16, 18 and 30, and April 1, at 14 train operators. The union’s members at Network Rail will strike on March 16 and will [...]
Weekend weather warning: Storm Otto to bring high winds, rain, and travel disruption to parts of the UK February 17, 2023 Storm Otto is set to cause disruption to parts of Scotland and north-east England as it moves across the UK on Friday. The storm, the first to be named this winter, has been labelled Otto by the Danish Meteorological Institute (DMI) and is expected to bring disruption to travellers across northern areas of the UK. [...]
The Square Mile and Me: PwC chair Kevin Ellis on favourite city haunts and the pub he started his career in February 16, 2023 This week PwC’s chair and senior partner Kevin Ellis tells us the stories of his beloved City haunts, including the pub where he started his career and the spots he uses to lift his spirits. What was your first job? My first job was delivering double-glazing leaflets around Chingford in East London where I grew [...]