Sadiq Khan criticised for ULEZ cameras for ‘pay-as-you-drive’ charge plans March 5, 2023 London mayor Sadiq Khan has been criticised over plans to use ULEZ cameras for a possible future ‘pay-as-you-drive’ road user charging scheme. Transport for London (TfL) is looking into replacing existing schemes such as the congestion charge and the ultra low emission zone (ULEZ) with a “single, integrated road user” charge. Just 300 of the [...]
“How not to do it”: Tech chiefs slam Sunak and Johnson over Arm listing failure March 5, 2023 The government has come under fire for a failed attempt to woo British chipmaking giant Arm into listing in London after the Cambridge-based firm confirmed it would float in New York on Friday. The move from Arm has dealt a major blow to the UK’s efforts to promote itself as a premier listing hub and [...]
Arm listing failure shows occasional weakness of UK’s tech ecosystem March 5, 2023 In truth, it was always highly unlikely that Arm would list in London. From the moment a proposed takeover by Nvidia collapsed, any other result other than a Wall Street debut was almost a non-starter. But the British firm’s decision to cross the Atlantic for a public offering should not be ignored just because it [...]
EY to push ahead with mid-year promotions after KPMG calls off April round March 5, 2023 EY has said it is pushing ahead with this year’s round of mid-year promotions “as normal,” following reports that Big Four rival KPMG has called off its own round of April promotions. An EY spokesperson told City A.M. the “small number of mid-year promotions” it makes “every year” are “continuing as normal.” KPMG, by contrast, [...]
M&G set to be quizzed on takeover as Square Mile rumours swirl March 5, 2023 Bosses at asset management and insurance giant M&G are set to be quizzed by investors over a potential takeover swoop from Australian financial services Macquarie this week, as the firm updates the City with its full year results on Thursday. The update will mark chief executive Andrea Rossi’s first update at the helm of the [...]
Enhanced trading could be the icing on the cake when PancakeSwap V3 is served up next month March 5, 2023 Multichain decentralised exchange PancakeSwap has revealed it will be launching 'PancakeSwap V3, at the start of April.
Matt Hancock tried to ‘frighten pants off’ public with new Covid-19 strain March 5, 2023 Matt Hancock said he wanted to “frighten the pants off everyone” to ensure compliance with Covid-19 restrictions, according to leaked WhatsApp messages published by the Telegraph. Revelations have continued after a tranche of more than 100,000 messages was shared by journalist Isabel Oakeshott, leading to outcry over government actions during the pandemic. The latest set [...]
Why housebuilders’ share prices are sinking – despite healthy industry profits March 5, 2023 If you quickly skim over the financial results of any major residential home builder you would presume that business, for the most part, is doing quite well. Just last week a flurry of housebuilding companies revealed their earnings for 2022 with major players in the market such as Persimmon and Taylor Wimpey seeing profits of [...]
Banks must pass on rate hikes to savers – or risk a windfall tax, warn experts March 5, 2023 Banks should pass on higher interest rates to savers in order to stave off pressure for a windfall tax, a host of experts have warned. Calls for a windfall tax on the banking sector have grown after most of the UK’s largest lenders recorded strong profits in their latest results. After a decade of ultra-low [...]
Keir Starmer should publish Sue Gray WhatsApps, Tories say, amid pro-Labour poll March 5, 2023 Labour leader Sir Keir Starmer should publish any WhatsApp messages with Sue Gray ahead of her becoming his chief of staff, a Conservative minister has said. Starmer should publish his messages with the civil servant and partygate investigator to clear up questions about her move to the senior role, the Northern Ireland secretary Chris Heaton-Harris [...]
