City Moves: Who’s switching jobs in the Square Mile? September 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Bovill Financial regulation consultancy Bovill has appointed a Big Four director to head its wealth practice, covering financial planning, regulatory compliance and prudential obligations. Based in London, Matt Browne joins from PwC, where he was a director [...]
Barclays faces £40m lawsuit over breast implant scandal September 16, 2022 Barclays is facing a £40m High Court lawsuit over claims it dishonestly transferred assets, owned by one of Britain’s largest cosmetic surgery providers, to prevent women who were given dangerous breast implants from receiving compensation. The High Court lawsuit, which is scheduled to be heard this October, claims Barclays’ Business Support Unit helped restructure Hospital [...]
Remember the Russian super yachts? They could be sold to rebuild Ukraine September 16, 2022 In Europe, some places are inherently associated with wealth. Think St. Tropez in France, or Portofino and Porto Cervo in Italy. On a stroll in these marinas, you see yacht after yacht after yacht – each one bigger than the other. It’s impossible not to stop and wonder who owns them. These superyachts have long [...]
Kwarteng must pull businesses out of limbo before MPs head off to party conferences September 16, 2022 I can probably count on one hand just how often MPs have been in parliament in these past three months. It makes a mockery of our parliamentary system in such a time of need.
UK jobs market on course to lose steam amid economic slump September 16, 2022 The UK jobs market is on course to finally lose some steam, driven by firms cutting staff in response to swelling costs and weaker consumer spending, a new survey published last night revealed. A historic inflation surge is likely to throw the UK into recession as soon as this quarter, forcing firms to cut costs. [...]
If Oslo can come up with new ideas for the housing crisis, London can too September 16, 2022 While the UK wrestles with average house prices that are now higher than the average annual salary, in Norway’s capital Oslo an ambitious state-backed model has just been created which could solve the problem of housing affordability at a stroke. Just like in the UK, and especially within London, the divide between people who own [...]
Letters: Stop spying on me, boss September 16, 2022 [Re: UK civil servants to have computers monitored to get people back to office, September 13] The UK Civil Service should reconsider whether the surveillance of employees is the appropriate approach to get the most out of their staff and encourage their return to the office. It is important that employees feel accountable and acknowledged [...]
Wise investors ‘should be concerned’ by probe, top advisors warn September 15, 2022 Investors in troubled money-transfer firm Wise “should be concerned” by the regulatory investigation into its chief Kristo Kaarmann as it threatens to “dampen shareholder value”, a top advisory group has warned. The Financial Conduct Authority revealed in June it had opened an investigation into the Estonian founder after tax authorities ruled in 2021 that he [...]
Auditor to Sanjeev Gupta’s metals empires cuts ties to at least two key firms September 15, 2022 The little-known firm responsible for audits the accounts of Sanjeev Gupta’s metals empire has resigned from at least two of the embattled magnate’s core firms, following the launch of a probe in May. Two-office accounting firm King & King has resigned as auditor from Liberty Specialty Steels and Liberty Steel Dalzell, Companies House filings show. [...]
Lloyd’s of London closes underwriting room to remember Queen Elizabeth II September 15, 2022 Lloyd’s of London today closed its underwriting room to hold a memorial to Queen Elizabeth II and mark the accession of King Charles III. The centuries-old insurance marketplace closed the underwriting room in its iconic City headquarters, as it held a ceremony to remember Her Majesty and express support for the new King. The ceremony [...]
