Mark Kleinman: Post Office needs new leaders to deliver real change January 25, 2024 Mark Kleinman is Sky News' City Editor and writes a weekly column for City A.M. This week, he tackles the Post Office, succession at Lloyd's and the six-days-a-week Royal Mail obligation
Six graphs that explain the UK economy ahead of Bank of England’s interest rate decision January 25, 2024 Markets are convinced that a rate cut is coming, likely in the first half of this year. So far, the Bank has not been persuaded.
Famed business newspaper to ditch pink newsprint January 25, 2024 One of Europe's leading business newspapers is set to ditch pink print - with the additional costs no longer economically sensible.
UK tech sector is ‘not just OnlyFans’, business minister claims January 25, 2024 A business minister has told MPs the UK’s science and technology sector is “not just Only Fans”.
Plant-based power duo Bosh’s quest to redefine on-the-go vegan dishes January 25, 2024 Henry Firth and Ian Theasby of Bosh! are on a mission to get more plant-based options onto plates with a ‘delish-etarian’ movement with Costa Coffee.
Takeover failure: UK’s Elementis rejects US private equity bid January 25, 2024 US private equity firm KPS Capital Partners has been rejected in its takeover offer for UK-listed chemical company Elementis. Elementis rejected a 160p per share takeover, with Reuters reporting that the firm’s board wanted around 180p. The firm is currently trading on 139p per share. Elementis has been under pressure for months from its shareholders [...]
Lloyds to cut 1,600 jobs in transition from branches to online banking January 25, 2024 Lloyds Bank is to cut some 1,600 jobs across its branch network, a company spokesperson has told City A.M., as part of its shift towards digital services. The move from Britain’s largest domestic bank is the latest in a series of layoffs within the sector amid margin pressure from peaking interest rates and fierce competition [...]
Liontrust starts search for new chair following GAM fiasco January 25, 2024 Liontrust has begun to search for a new chair following its failure to purchase Swiss asset manager GAM last year. Alastair Barbour, who has sat on the firm’s board for 13 years and has been chair of the asset manager since September 2019, is set to be replaced. Sky News reported that Liontrust had been [...]
US economy smashes expectations again growing 3.3 per cent in final quarter of 2023 January 25, 2024 Although the figures for the final quarter of 2023 were significantly slower than the 5.2 per cent rate of growth seen in the third quarter, the US economy is still showing impressive resilience given the Federal Reserve's interest rate hikes.
Sadiq Khan accused of misleading Londoners over £30m cash to halt Tube strikes January 25, 2024 Sadiq Khan has been accused of being misleading over the £30m cash he put forward to call off this month’s Tube strikes.
