Telegraph sale continues as Barclay family bids higher October 16, 2023 Lloyds Banking Group has reportedly turned down an increased offer for the Telegraph newspaper and Spectator magazine from its former owner, and is pressing on with the auction.
UK law firms see billable hours fall as sector struggles with inflation October 16, 2023 The UK’s biggest law firms are concerned by a fall in billable hours this year as they struggle to cover cost pressures from inflation through pricing, according to a survey obtained by the Financial Times. PwC’s annual law firm survey, which City A.M. understands will be published on Tuesday, reportedly notes a slowdown in mergers [...]
FTSE 100 close: London markets lifted by higher oil and gas prices October 16, 2023 Geopolitical uncertainty has impacted markets over the past week.
Gove in a fresh bid to scrap green housebuilding rules and slams Labour’s ‘crude, nimbyist appeal’ October 16, 2023 Communities Secretary Michael Gove has signalled the Government will make a fresh bid to scrap environmental rules to boost housebuilding. The House of Lords last month defeated an attempt by ministers to scrap EU-era rules that force developers to mitigate the impact new homes have on river health. Earlier in the month it was reported [...]
Rishi Sunak confirms six Britons among dead in Hamas’ Israel ‘pogrom’ October 16, 2023 Rishi Sunak has confirmed at least six Britons are among the dead in Israel following Hamas’ attacks, which the prime minister branded a ‘pogrom’. The Prime Minister told MPs: “The murdered and the missing come from over 30 countries including the United Kingdom. “The terrible nature of these attacks means it is proving difficult to [...]
Ministers could reopen trade talks with China October 16, 2023 Plans to reconvene a joint trade committee with China are being considered by the government, according to a report. Officials are said to be examining options to strengthen trade ties with the Asian superpower, including relaunching the joint economic and trade committee (JETCO), two people familiar with the discussions told Politico. The UK-China forum has [...]
Ex-Boris Johnson adviser switches sides to boost Labour business plans October 16, 2023 Former Tory adviser Iain Anderson has been recruited to work with Labour on securing closer relations with business.
Ministers ditch City reporting overhaul after backlash against more red tape October 16, 2023 The government has ditched its own plans to introduce burdensome new reporting requirements to UK companies today amid concerns over the amount of red tape tangling up British firms.
SEC rekindles Spot Bitcoin ETF hopes as FTX’s downfall becomes clearer October 16, 2023 Data from CryptoCompare shows the price of the flagship cryptocurrency Bitcoin (BTC) started last week moving down from around $27,500.
Manx Financial Group shares jump after subsidiary secures UK banking licence October 16, 2023 Manx Financial Group shares rose on Monday after the financial services company announced that its banking subsidiary Conister Bank received a licence to take deposits in the UK. The decision marks the first time an Isle of Man-based bank has been granted a UK branch deposit-taking licence. Manx said the bank can now accept deposits [...]
