Who is the new City minister, Emma Reynolds? January 14, 2025 As a former City lobbyist and known face around the Square Mile, Emma Reynolds was seen by many as the favoured pick for City minister when Labour swept to power in July. Standing in the way, however, was Tulip Siddiq. The Prime Minister’s constituency neighbour and long-time ally had held the role on the opposition [...]
Tulip Siddiq resigns as City minister January 14, 2025 Tulip Siddiq has resigned as City minister, Downing Street has confirmed, amid allegations over her links to the former government in Bangladesh. The Labour MP for Hampstead and Highgate wrote to the Prime Minister Sir Keir Starmer to say that while she had “not breached the ministerial code” continuing in her role as a Treasury [...]
Auditor says EDF should push back decision on Sizewell C investment January 14, 2025 EDF should not make a final investment decision on the Sizewell C nuclear project until it has reduced exposure to its sister development, Hinkley Point C, according to France’s state auditor. In comments published on Tuesday, the Cour des comptes also said the French nuclear company should not take on new nuclear developments at home [...]
Why this UK stockpicker is now looking to the US January 14, 2025 A top UK stockpicker is betting on small companies listed on the London Stock Exchange that make most their cash overseas amid fears the British economy will stagnate this year. “The winners will be US or global earnings with a London listing,” said Laurence Hulse, manager of the UK small company-focused Onward Opportunities trust. The [...]
Gilt yields stable ahead of crucial UK inflation data January 14, 2025 The yield on the 10-year gilt crept lower on Tuesday afternoon, leaving it on track to break six days of consecutive rises.
‘Budget hasn’t worked’: Reeves defends China trip as Stride says Brits ‘deserve better’ January 14, 2025 Rachel Reeves has defended her trip to China amid economic turmoil in the UK as MPs argued her Budget “hasn’t worked” and insisted: “The British people deserve better.” The Chancellor appeared in the House of Commons for the first time since last week’s bond market shock threw her public spending plans and fiscal rules into [...]
UCL expands footprint in One Canada Square January 14, 2025 UCL School of Management has announced it will expand its facilities at Canary Wharf as the financial services hub continues to diversify its offering. The UCL school at One Canada Square, which offers undergraduate, postgraduate, executive and PhD programmes, will occupy two additional floors on levels 48 and 49 for staff, teaching and learning spaces. [...]
JP Morgan: UK policy credibility ‘coming under pressure’ January 14, 2025 Gilt yields, which reflect the cost of government borrowing, have increased significantly in recent weeks.
Games Workshop: Warhammer maker’s stock dips amid cost pressures January 14, 2025 FTSE 100 giant Games Workshop’s stock price dipped three per cent today after warning that rising costs could have a growing impact on its business. In the Warhammer maker’s half-yearly report, it revealed that profit before tax at the firm jumped by a third, from £95.2m in the first half of last year to £126.8m. [...]
Yougov boss facing call to resign from activist investor Gatemore January 14, 2025 Yougov is facing calls to sack its boss and kick off an “urgent strategic review” from an activist investor today after a dramatic fall in its share price over the past year. Gatemore Capital Management, an activist investment firm which owns around 1.3 per cent of Yougov, wrote to the company’s board demanding that boss [...]
