Consumer confidence shows ‘renewed optimism’ against falling core inflation August 25, 2023 Consumer confidence is showing “renewed optimism” against a backdrop of falling core inflation, figures suggest. GfK’s long-running Consumer Confidence Index improved five points in August, with all measures reversing the drop seen in July, although it remains firmly in negative territory at minus 25. Confidence in the general economic situation for the next 12 months [...]
Have a problem with Ulez? Then give London the means to raise its own revenue August 25, 2023 Giving London more power to retain revenues is critical to ensure a sustainable future for the capital, while also delivering better bang for our buck.
EP: 226 York Ebor Festival – Saturday August 24, 2023 Today is the final day of the York Ebor Festival where the crowds will flock to the Knavesmire to see the Ebor Handicap, run over a mile and three quarters at 3.35. York Racecourse Chief Executive and Clerk of the Course, William Derby joins us for a chat about the final day’s action. City AM [...]
Online Safety Bill: UK tech superpower dreams could be crushed by over-regulation August 24, 2023 New rules in the European Union’s Digital Services Act (DSA) are set to come into force tomorrow, while the UK’s Online Safety Bill (OSB) remains mired in parliamentary proceedings, reigniting the regulation debate among tech companies and industry experts. The OSB, which aims to enhance online safety and security for users within the UK, is [...]
Explainer: Why did Liontrust’s bid for ailing Swiss fund manager GAM collapse? August 24, 2023 Liontrust’s concession of defeat this morning brought to a close a hostile takeover spat. What went wrong?
Labour raises £47m in donations as scrambled egg offensive pays off August 24, 2023 Labour’s success in raising £47m in donations over the past year shows it is “on course” ahead of a general election next year, sources say. According to figures published today by the Electoral Commission, Sir Keir Starmer’s party has built up a £47m war chest over the last year, trumping the Conservative Party, which saw [...]
Construction companies ‘treading water’ as insolvency rate reaches highest level in a decade August 24, 2023 UK construction companies are going bankrupt at a faster rate than at any point in the last decade.
Subway sold to Dunkin Donuts’ owner Roark Capital in £7.55bn mega-deal August 24, 2023 Subway has agreed to sell itself to private equity firm Roark Capital, the owner of Dunkin Donuts and Arby’s, in a deal rumoured to be worth $9.55bn (£7.55bn). Earlier this year the sandwich maker said it was exploring options to sell the business, which has been in hands of the DeLuca and Buck families for [...]
Serious Fraud Office shuts Rio Tinto and ENRC corruption probes August 24, 2023 The UK's Serious Fraud Office (SFO) has closed its long-running corruption investigations into Rio Tinto and Eurasian Natural Resources Corporation (ENRC), the agency said today.
Financial crime fines fall 88 per cent globally – but agencies aren’t about to go easy on wrongdoers August 24, 2023 The total value of fines handed out to banks and financial services firms for financial crime violations slumped in the first half of this year, according to new data. But experts argued regulators aren’t going easy on wrongdoers. According to data from compliance firm Fenergo, regulators worldwide issued 97 financial crime-related fines in the first [...]
