Philip Hammond ‘dismayed’ by Tory shift to ‘populism’ October 18, 2023 Lord Philip Hammond said he has been “dismayed” by the “populist turn” the Conservatives took. The former Chancellor told City A.M. while he thought the party was now “heading in the right direction” he had been “dismayed by the populist turn” the Tories took. During an interview about his role as chair of crypto firm [...]
Morgan Stanley locked in secret London court battle to seize Russian oil firm October 18, 2023 Morgan Stanley is locked in a secret London court battle as part of an attempt to seize ownership of an oil firm in southern Russia on behalf of a group of Russian lenders, City A.M. has learned.
With annual reports in the hundreds of pages, who has time to run a business? October 18, 2023 Financial reports for City firms now run into the hundreds of pages, creating an undue burden for businesses just trying to do their job, writes Patrick Spencer.
Without a recession, Bailey won’t wrest back control over inflation October 18, 2023 Andrew Bailey's hopes of bringing inflation back to the 2 per cent target will be wishful thinking without a recession, writes Paul Ormerod
Don’t stop the music, let Goldman Sachs chief DJ if he wants October 18, 2023 Goldman Sachs chief executive David Solomon will step down. No, not from his career at the top of the investment bank, but from what has been labelled his colourful side hustle – DJing. DJ-D Sol as he’s known on the circuit will only play privately for family and maybe friends after some of the stiff [...]
If we ever manage to do it, breaking up the Treasury would be a breath of fresh air October 18, 2023 Treasury brain has become one of the ultimate insults of Whitehall, but slimming down the power of No11 has defeated almost every prime minister, writes Simon Neville
Top housebuilders pay ‘excessive’ £16bn in dividends over 18 years October 17, 2023 Researchers from Sheffield Hallam University found the eight largest housebuilders paid shareholders 260 per cent more in 2022 than 2005.
Tech companies boycott Web Summit after chief’s Israel conflict remarks October 17, 2023 A number of UK-based tech companies are boycotting the Web Summit conference in Lisbon after the chief executive called out Israel for committing war crimes.
Amigo plots 11th hour music and film streaming move October 17, 2023 Embattled UK subprime lender Amigo is exploring a shift into the music and film streaming market in a last ditch attempt to salvage value for shareholders.
Tory vote could halve in double by-election defeat, leaked memo claims October 17, 2023 The Conservative vote could halve to just 30 per cent in two possible by-election defeats later this week, a leaked memo has claimed. Officials at Tory HQ suggest the party’s share of the vote in the Tamworth and Mid Bedfordshire by-elections this Thursday could drop by around half, Sky News reported. It emerged just over [...]
