The Notebook: Neil Bennett on why the ONS needs a shake-up, why the CBI’s future is shaky once more, and a new history of the Barclay Brothers September 20, 2023 The ONS is in need of a shake-up When I became a CEO some 13 years ago, I was taught one rule very quickly; hit your forecasts. Boards and bosses can be quite forgiving on many fronts, but if you don’t deliver the numbers without a really good reason, it quickly becomes a career terminating [...]
CBI postpones crunch AGM amid ‘short term cash flow’ issues and race to raise £3m September 19, 2023 The Confederation of British Industry (CBI)’s annual meeting meant to take place Wednesday has been postponed, prompting more concerns about the finances of the crisis-hit lobby group. Following a race to raise £3m within days of its scheduled annual meeting, the CBI announced its postponement in a message to members on Tuesday afternoon. “At the [...]
Mark Kleinman: Wilko’s demise, the FTSE chair merry-go-round and Bink’s breakup with Barclays September 14, 2023 Mark Kleinman gets the Square Mile talking in his weekly column for City A.M.
Mark Kleinman: The inquest into Wilko’s demise has only just begun September 14, 2023 Mark Kleinman is City editor at Sky News Inquest into Wilko’s demise has only just begun Few things elicit British consumers’ sentimentality like the imminent disappearance of a once-proud high street name. For Woolworths in 2009 and BHS in 2016, read Wilko in 2023. The sad fate of more than 10,000 employees at the family-owned [...]
FTSE 100 close: London lower on disappointing GDP data September 13, 2023 This comes after the UK economy shrunk by more than expected in July, with all sectors of the economy starting to come under pressure following Bank of England interest rate hikes.
Aviva to offload Singlife stake for £800m September 13, 2023 Aviva's transaction is expected to be completed in the fourth quarter of 2023, subject to regulatory approval.
Skyscraper challenge: Hundreds of adrenaline junkies abseil and zipwire off the Cheesegrater September 10, 2023 The skyscraper challenge continues today in the City - with participants winging their way across the London skyline
Direct Line shares soar despite losses after £520m commercial insurance sale September 7, 2023 Direct Line continued to feel the pain of cost inflation, with new boss Adam Winslow faced with a miserable balance sheet
Bank of England to leave interest rates higher for longer as inflation becomes embedded September 3, 2023 Economists are warning that interest rates will have to stay higher for longer as inflation remains persistently above the Bank of England’s two per cent target. Although the headline rate of inflation in the UK is starting to fall, core inflation increased month-on-month in July indicating that inflation is becoming increasingly embedded in the UK [...]
Why 2023 has been a year to forget for the London Stock Exchange and the capital’s equity markets September 2, 2023 Take-privates and secondary listings have damaged the reputation of the London Stock Exchange. How did we get here?