Government must turn nuclear energy ‘wish list’ into a strategy, MPs warn July 31, 2023 Government plans to revive the country’s nuclear ambitions are more of a ‘wish list’ than a strategy, warned a leading Westminster panel.
Tortilla boss remains ‘quietly confident’ despite investment and Brexit challenges July 31, 2023 The boss of fast-food Mexican chain Tortilla, Richard Morris, has said that soaring costs and a tumultuous two years for restaurants has led the sector to be hit “quite badly” from a lack of investment. Tortilla, which serves lunchtime burritos and salads, floated in 2021 on London’s junior AIM market, as part of a five [...]
Bank of England to hike interest rates for 14th time in a row to 2008 high of 5.25 per cent July 31, 2023 The Bank of England this week is tipped to hike interest rates for the 14th time in a row as it extends its fight against roaring inflation. Members of the nine-strong monetary policy committee (MPC) are expected on Thursday to back a 25 basis point increase to the UK’s official interest rate, which would send [...]
Consumer Duty comes into force in biggest regulatory shake-up for a decade July 31, 2023 The City watchdog’s flagship new regulation, the Consumer Duty, comes into force today with experts describing it as the most important regulatory change in a decade. The new principle aims to ensure firms deliver good outcomes for consumers on the quality and price of products and services, and make sure a higher standard of consumer [...]
UK remains European fintech lead despite major investment slump July 31, 2023 Fintech investment in the UK slumped 57 per cent in the first half of the year as rising rates, high inflation and geopolitical tensions dampened investor sentiment. Total UK fintech investment dropped to $5.9bn (£4.6bn) in the first half of the year, down from $13.8bn in the same period last year, according to data from [...]
The Notebook: Andy Silvester on suppressed British success stories, why Global Airlines could raise the game and Bazball July 31, 2023 Where the City’s movers and shakers get a few things off their chest. Today, City A.M. editor Andy Silvester takes the pen British cynicism can mean we overlook our success stories Heading east out of the City towards the Strand one passes the ugly, brutalist facade of King’s College London, nobody’s idea of an architectural [...]
Crying misogyny over Alison Rose’s downfall won’t do Labour any favours July 31, 2023 Rachel Reeves made a mistake in attributing Alison Rose's fate to misogyny. The government had a right to get involved in the Coutts saga, but Reeves was out of tune in her intervention, writes Eliot Wilson
Contrary to group think, businesses have a right to choose clients July 31, 2023 As Shakespeare would have surely written were he alive today, what a tangled web we weave, when we first practice to debank a former UKIP leader. The fallout from Nigel Farage’s highly publicised spat with Coutts and, in turn, Natwest, will continue for some time yet, but the details of the saga are less interesting [...]
Northern Triangle tech start ups should be prime targets for Square Mile investors July 31, 2023 British firms are having to turn to global sources of funding, when there’s capital here in the City we could direct towards homegrown start ups, writes Nicholas Lyons. THE recent report by the Treasury Select Committee on the UK’s Venture Capital industry should ring alarm bells for the City. The Committee found that for many [...]
EP: 217 Glorious Goodwood – Tuesday July 30, 2023 The Goodwood Cup is the feature race on the first day of Glorious Goodwood. On today’s podcast, trainer Aidan O’Brien discusses the chances of his filly Emily Dickinson in this Group 1 event. The Group 2 Lennox Stakes and Vintage Stakes are also top-class races to look forward to on Tuesday’s card. City AM Racing [...]
