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 [...]
Hargreaves Lansdown’s new boss passes first big test – but challenges lie ahead September 19, 2023 Hargreaves Lansdown’s new chief Dan Olley was given a boost today after posting a 50 per cent jump in annual profit - but challenges lie ahead for the firm.
‘The Czech Sphinx’ sets sights on the Telegraph September 17, 2023 Czech billionaire Daniel Křetínský has thrown his hat into the ring in a high-profile auction for the UK’s Telegraph Media Group, set to begin very soon. Křetínský, known for his energy ventures and European dealmaking, has recently joined the auction by signing a non-disclosure agreement, according to the Financial Times. The parent company of The [...]
Arm Mk 2: Another British tech firm snubs London for New York float September 17, 2023 Imagination, which licences designs to companies including Apple, has quietly registered for a public listing in New York
If banks are so committed to net zero, why are they pumping trillions into fossil fuels? September 15, 2023 Banks continue to act against their own financial interests - and their own green pledges - when they keep investing in fossil fuels, writes Halima Begum.
Tech Nation returns: Start-up network set for comeback under Brent Hoberman September 14, 2023 The start-up quango which controversially had its funding pulled by government this year is set to reopen in Birmingham under new ownership next month.
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 [...]
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.
Fintechs are being forced to play second fiddle by banks’ anti-competitive practices September 14, 2023 If ministers can intervene over Nigel Farage’s bank account, they can force banks to give up their iron grip on the credit system
Barclays: Bank to cut 450 jobs as union brands move ‘unnecessary and unjustified’ September 12, 2023 British bank Barclays has told staff it is planning to cut around 450 jobs across the business, trade union Unite has said. Mid- to senior-level staff at the business’s head office are likely to be affected, the PA news agency understands. Unite, which represents staff members at the bank, said it was an “unnecessary and [...]