JD Sports drafts in new CFO amid shake up May 11, 2023 JD Sports has drafted in financial veteran Dominic Platt as its new chief financial officer, as the group ploughs ahead with its five-year growth strategy Platt is currently chief of finances at BGL Group, one of the UK’s top digital distributors of financial services and owner of Compare the Market, he also sits on the [...]
‘I’m sick of the UK bashing – it’s an incredible place to start a business’ – why PrimaryBid chief Anand Sambasivan is still bullish on London May 11, 2023 The chief of fintech PrimaryBid tells Charlie Conchie why he's bullish on London's prospects despite a capital markets downturn
UK needs a strategy to develop home-grown battery industry before it’s too late, tech boss warns May 11, 2023 The UK government must continue to support the creation of a British battery industry, a senior tech boss has warned.
Wealthy splurge £3.1bn on luxury London homes as demand recovers after pandemic May 11, 2023 London’s mega wealthy splurged £3.1bn on 161 luxury homes across the capital’s most affluent boroughs in the year to 23 March – the strongest year for London’s luxury property market since the Brexit vote. The highest number of £10 million-plus deals in London took place in Kensington, Belgravia and Mayfair, where the rich bought 73 [...]
Bank of England to usher in new era of higher interest rates after sending them to near 15-year high today May 11, 2023 The Bank of England will rip up the monetary policy order of the last decade and keep interest rates far above their post-financial crisis rock bottom levels over the coming years, new forecasts out today claim. UK borrowing costs are on course to top four per cent for the whole of this year and next [...]
Fraudsters stole £1.2bn in 2022 as UK labelled ‘fraud capital of the world’ May 11, 2023 The UK has much further to go in its campaign against fraud as the latest figures show that over £1.2bn was stolen in 2022. According to new figures from UK Finance, £2,300 was lost every minute to authorised push payment (APP) fraud and unauthorised fraud. Commenting on the report, chief executive of UK Finance David [...]
Elizabeth line sees hybrid workers flock back to the office May 11, 2023 London’s popular Elizabeth Line has prompted a surge in workers heading into the office, new research released on the eve of its one year anniversary shows. Footfall data from the workspace operator IWG has today revealed a 23 per cent increase in the number of visits, to offices across nine Elizabeth Line stops, since the [...]
Experts blame France pipping UK to EU investment crown for second straight year on Brexit May 11, 2023 Experts have today partially blamed post-Brexit uncertainty for helping France pip the UK to Europe’s investment hub crown for the second year in a row. The UK was home to 15.6 per cent, or 929, of all European foreign direct investment (FDI) projects last year, down from 16.9 per cent in 2021, according to consultancy [...]
Square Mile and Me: Katrina Cheverton talks paper rounds, City life and the push for more diversity May 11, 2023 We dig into the memory bank of the City’s great and good: this week, Katrina Cheverton, CEO of recruitment and consulting firm Savannah Group, joins City A.M. for a chat.
The Notebook: James Ashton on his new book, microchips and bullishness May 11, 2023 Book-writing novices need know one thing before putting metaphorical pen to paper: submitting that manuscript after months of toil is far from a full stop.
