FCA joins Bank of England in relocating jobs from London to Leeds August 7, 2024 The Financial Conduct Authority (FCA) has revealed plans to relocate 100 jobs from London to Leeds, just months after the Bank of England announced a similar move. The watchdog, which established its first office in Leeds two years ago, is growing its team at the digital delivery centre on Queen Street, where around 100 employees [...]
Businesses urge Starmer and Reeves to put NHS and absenteeism top of ‘policy wishlist’ August 7, 2024 Business leaders have stressed their top priority for the Labour government is to focus on strengthening the NHS, a survey of bosses has found.
Flight to quality gets underway as half of London offices set to be ‘unlettable’ by 2027 August 7, 2024 Changes to energy efficiency requirements mean that a majority of office spaces in the capital won’t meet the minimum standard for leasing within the next four years, making it a race to re-fit before 2027. Minimum energy efficiency standards (MEES) currently require that rented commercial properties in England and Wales have a minimum EPC rating [...]
GB Bank: Property finance specialist moves headquarters to London amid rapid expansion August 7, 2024 Property finance specialist GB Bank is moving its headquarters from Middlesborough to London in a bid to grow its presence in the capital and South East.
UK riots: Sadiq Khan warns violent disorder ‘will not be tolerated’ in London August 7, 2024 Sadiq Khan has warned would-be rioters that “violence and disorder on the streets of London will not be tolerated” as he issued a call for calm.
Panic over? London’s FTSE 100 surges after overnight rally in Asia August 7, 2024 The global market rally picked up the pace on Wednesday with European equities surging after Japanese stocks recorded strong overnight gains. The FTSE 100 was up 1.8 per cent at 8,166.88 while the midcap FTSE 250 gained 1.0 per cent to trade at 20,576.03. The CAC in Paris gained 2.0 per cent while the DAX [...]
H2O Asset Management to pay investors £215m to avoid ‘substantial’ FCA fine August 7, 2024 H2O Asset Management will pay €250m (£215m) to clients who have been unable since 2020 to access investments then worth around €1.6bn (£1.4bn) to avoid a “substantial” fine from UK regulators. Following talks with the Financial Conduct Authority (FCA), the watchdog has agreed H2O will make the sum available to all those whose investments remain trapped. The French firm will apply to cancel its [...]
TP ICAP: Broker’s shares jump to three-year high after profit beat and fresh buyback August 7, 2024 Shares in inter-dealer broker TP ICAP jumped as much as 15 per cent on Wednesday after its half-year profit beat market expectations and it launched a third share buyback programme.
Tritax Big Box: Profit up as market reaches ‘inflection point’ August 7, 2024 Tritax Big Box, a real estate investment trust (REIT), reported strong first-half trading results and expressed optimism about investment opportunities in the strengthening UK real estate market. Tritax Big Box specialises in managing and investing in logistics-oriented real estate – also known as “big box” properties – which have become especially popular REITs since the pandemic. [...]
Late surge calms management’s fears at bathroom brand Samuel Heath August 7, 2024 British tap and bathroom accessory maker Samuel Heath said its sales had “turned out considerably better than the board had feared” thanks to a surge in orders in the final few months of its financial year. The London-listed company saw its sales for the year ending March 30, 2024, reach £15.24m, a 3.5 per cent [...]
