‘Iron out’ differences on global climate rules, say ECB and IMF August 8, 2022 Global guidelines on corporate climate reporting must fall in line with those in Europe and the US or investors could be hit by fragmented and inconsistent information, the European Central Bank and IMF have warned.
Merge UK’s financial services regulators into one body, says Tory think tank August 8, 2022 The government should consider merging the UK’s several financial services regulators into one body post-Brexit, an influential Tory think tank has said. A new report from the centre-right Policy Exchange, which was founded by Michael Gove, today said “meeting the demands” of the multiple City regulators can be “a major barrier to innovation” for new [...]
KPMG restarts UK government contract bids August 8, 2022 KPMG has restarted competing for UK government contracts, after the Big Four accounting firm withdrew from public sector tenders last December, following a series of high-profile accounting scandals. The Big Four accountancy firm re-commenced bidding for UK public sector contracts in early-June, after it pulled out of competing for lucrative UK government contracts at the [...]
Thames Water stops short of hosepipe ban but urges customers to ‘use water wisely’ August 8, 2022 The UK's largest water provider has stopped short of announcing a hosepipe ban despite the sustained drought this summer.
Dominic Raab weighs up plans for further barriers to judicial reviews August 8, 2022 Justice secretary Dominic Raab is considering introducing new measures to make it harder to challenge government decisions via judicial reviews, leaked documents seen by the Guardian show. The plans could also see judges subject to new more stringent criteria in bringing forward cases, that could see courts banned from hearing cases in certain areas of [...]
Jupiter Fund Management halves stake in e-commerce retailer THG August 8, 2022 Jupiter Fund Management has halved its stake in the e-commerce retailer THG. In an announcement published on the London Stock Exchange yesterday afternoon, the fund said it had reduced its holding from 8.94 per cent to 4.97 per cent. The fund manages shares in THG for BNP Paribas, Northern Trust and Citigroup. The Manchester-based retailer, [...]
Financials boost FTSE 100 as City leans into quiet summer period August 8, 2022 A rally among financial stocks boosted London markets today as the City leant into the quieter summer period. The capital’s premier FTSE 100 index climbed 0.57 per cent to 7,482.37 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.33 per cent to 20,118.44 [...]
Khan-backed campaign to increase foreign investment into London launches August 8, 2022 A new campaign backed by Sadiq Khan to increase green foreign capital investment into London post-Brexit has today been launched. The £500,000 Opportunity London campaign – which has been partially funded by City Hall, the City of London Corporation and the 32 borough councils – aims to “showcase London as one of the very best [...]
Housing market holds up well despite Bank of England rate hikes August 8, 2022 The UK property market is still running hot despite the Bank of England’s rapid interest rate hike cycle, according to research by City A.M. House purchases dipped around four per cent in June compared to December when the Bank’s first rate rise landed, dropping to 95,420 from 99,560, according to HMRC data. Governor Andrew Bailey [...]
Savills hikes forecasts for London rents, with prices set to rise to new heights August 8, 2022 Savills has hiked its five-year forecast for the prime London rental market, with rents set to continue rising to new heights. The capital had suffered an exodus of international students and business folk, as well as Brits seeking greener pastures, during Covid-19 restrictions, which resulted in plummeting rental costs. The estate agency now anticipates prime [...]
