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By: Sebastian McCarthy

Chief City reporter covering banking, insurance, deals and exchanges. Email stories to seb.mccarthy@cityam.com

All 879 Articles
  • John McDonnell: Labour will nationalise railways within five years

    September 22, 2018

     Britain's railways could be taken back into public hands within five years if Labour wins the next general election, according to shadow chancellor John McDonnell. Ahead of Labour’s party conference which starts tomorrow, John McDonnell told the BBC he was looking at the possibility of breaking clauses in contracts to allow rail franchises to be [...]

  • John McDonnell: Labour will nationalise railways within five years

    September 22, 2018

     Britain's railways could be taken back into public hands within five years if Labour wins the next general election, according to shadow chancellor John McDonnell. Ahead of Labour’s party conference which starts tomorrow, John McDonnell told the BBC he was looking at the possibility of breaking clauses in contracts to allow rail franchises to be [...]

  • Sky’s the limit: Dramatic auction between Comcast and Fox nears its conclusion

    September 22, 2018

     The dramatic fate of Sky is nearing its finale, as a £26bn head-to-head auction between two of the world’s most powerful media companies enters into its final few hours. Comcast is battling it out with Rupert Murdoch’s 21st Century Fox and its powerful soon-to-be owner Disney in a rare auction, which includes up to three [...]

  • Sky’s the limit: Dramatic auction between Comcast and Fox nears its conclusion

    September 22, 2018

     The dramatic fate of Sky is nearing its finale, as a £26bn head-to-head auction between two of the world’s most powerful media companies enters into its final few hours. Comcast is battling it out with Rupert Murdoch’s 21st Century Fox and its powerful soon-to-be owner Disney in a rare auction, which includes up to three [...]

  • Danske Bank investigation reaches UK shores ‘as crime agency opens probe’

    September 21, 2018

    The National Crime Agency (NCA) has launched an investigation into potential ties between a UK organisation and one of the world’s biggest ever money laundering scandals, it is reported. The probe, which is centred around Denmark’s biggest lender Danske Bank, is likely to focus on the role played by customers suspected of illicit activities using [...]

  • Danske Bank investigation reaches UK shores ‘as crime agency opens probe’

    September 21, 2018

    The National Crime Agency (NCA) has launched an investigation into potential ties between a UK organisation and one of the world’s biggest ever money laundering scandals, it is reported. The probe, which is centred around Denmark’s biggest lender Danske Bank, is likely to focus on the role played by customers suspected of illicit activities using [...]

  • Labour mulls break-up of Big Four accountancy firms

    September 21, 2018

    The Labour party is weighing up radical plans to break up the Big Four accountancy firms, amid mounting pressure on the UK’s scandal-hit auditors. Shadow chancellor John McDonnell vowed to end what he described as a “cartel” among the country’s largest bean counters in the run-up to his party conference this weekend. “They have demonstrated [...]

  • Labour mulls break-up of Big Four accountancy firms

    September 21, 2018

    The Labour party is weighing up radical plans to break up the Big Four accountancy firms, amid mounting pressure on the UK’s scandal-hit auditors. Shadow chancellor John McDonnell vowed to end what he described as a “cartel” among the country’s largest bean counters in the run-up to his party conference this weekend. “They have demonstrated [...]

  • Sterling falls after EU pounds May’s Chequers deal

    September 21, 2018

    Sterling took a further beating this morning after Theresa May's botched attempts to woo European officials ended in disaster. Following an abrupt rejection of the Prime Minister’s Chequers agreement at Salzburg yesterday, the pound fell 0.6 per cent lower against the dollar and the euro, hitting $1.318 and €1.12 respectively. Read more: May's Brexit plan 'will [...]

  • Sterling falls after EU pounds May’s Chequers deal

    September 21, 2018

    Sterling took a further beating this morning after Theresa May's botched attempts to woo European officials ended in disaster. Following an abrupt rejection of the Prime Minister’s Chequers agreement at Salzburg yesterday, the pound fell 0.6 per cent lower against the dollar and the euro, hitting $1.318 and €1.12 respectively. Read more: May's Brexit plan 'will [...]

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