Banks to snub Treasury meeting as UK oil and gas sector struggles for financing August 20, 2023 The UK’s oil and gas sector faces the growing prospect of a cash crunch, with the Treasury’s latest attempts to lure lenders unlikely to succeed.
The Square Mile and Me: Jim Wood-Smith on impostor syndrome, City shenanigans and a birthday redundancy August 17, 2023 Our weekly feature digs into the careers of the City’s great and good: this week, Hawksmoor Investment Management’s Jim Wood-Smith takes us down a most eventful memory lane What was your first job?I never did the Saturday paper round or the gap year saving-the-sloth thing. I was classically middle class and went to work for [...]
No Degree? The Good News Is Skills-Based Hiring Is On The Rise August 17, 2023 While you might think education or experience are what hiring managers focus on when recruiting new candidates, skills and ability are more important. That’s according to a recent global study which found that 76% of employers are now using skills-based hiring to pinpoint talent. The reason for this is manifold: 91.2% of employers saw an [...]
Square Mile and Me: Jim Wood-Smith on all-day breakfasts, birthday redundancies and why the City needs to watch Monty Python August 17, 2023 Every week we ask the financial services industry’s great and good to delve into memory lane. This week, it’s Hawksmoor Investment Management’s Market Commentator and Head of Climate Transition Jim Wood-Smith who gives us an insight into a City left behind in more ways than one… What was your first job? I never did the [...]
PTO Tour gets World Championship status after striking alliance with World Triathlon August 16, 2023 The PTO Tour, the athlete part-owned circuit of the Professional Triathletes Association, has received a major boost after being recognised as the official World Championship of long-distance triathlon. As part of a new agreement between the PTO and World Triathlon, the men’s and women’s winners of the PTO Tour season, whose competitors include England’s Alistair [...]
‘Quit smoking’ message could be put inside cigarette packs August 14, 2023 ‘Quit smoking’ messages could be added to the inside of cigarette packs under draft proposals being considered by the government. The inserts would set out the health and financial benefits of giving up and signpost advice and support available to those trying to quit smoking, the Department of Health (DHSC) said. A consultation launched on [...]
Explainer: An overhaul of cancer targets causes split between doctors August 14, 2023 Today NHS England announced proposals for new cancer targets following a consultation that began last year. The proposals include significant changes, like abolishing around two-thirds of the targets and changing others in a major overhaul of the cancer diagnostics and treatment system. The NHS says the new system, with fewer targets, will be easier for [...]
Santander becomes latest bank to cut mortgage rates amid falling inflation August 14, 2023 Santander has become the latest high street lender to reduce the rates of its mortgage deals, following a stream of other cuts by fellow banks last week, in a signal of hope for prospective buyers. On Monday, the bank cut its selected residential purchase and remortgage fixed rates by between 0.05 per cent and 0.29 [...]
No end in sight: Nearly 4m working days lost to strikes in past year as negotiations falter August 14, 2023 Talks between government and unions to resolve ongoing industrial disputes have repeatedly faltered, despite the UK losing nearly 4m working days to strikes over the past year. According to new research from the Resolution Foundation think tank, 3.9m working days have been lost to industrial action, higher than at any point since the 1980s. Highly [...]
Open banking should expand ‘systematically’ as fintech criticises ‘data protectionism’ of big banks August 14, 2023 Regulators should expand open banking rules “systematically” in order to save customers thousands of pounds across a variety of different financial products, experts told City AM. With stakeholders consulting on the next stages of open banking, many in the sector have suggested regulators need to be bold in expanding data sharing rules into new financial [...]