Square Mile lobby urges new City minister to push through Brexit reforms September 13, 2022 New City minister Andrew Griffith must push forward with the government’s plan to reform the UK’s financial services rulebook post-Brexit, the industry’s leading business group has said. TheCityUK today congratulated the ex-Sky executive on his appointment and called on the Treasury to ensure the UK is a “well-regulated, open and competitive place to do business”. [...]
Letters: Don’t look to America for help September 13, 2022 It is telling that Americans often see Britain as a nation of waning importance, yet they are reluctant to see it in themselves.
Ministers meddling in regulation is ‘recipe for disaster’, says former FCA official September 12, 2022 Government plans to exert greater control over financial rule-making are a “recipe for disaster”, a former senior regulatory official warned today, as the government looks to grant itself powers to overturn decisions made by independent City watchdogs.
EU urges Britain to cut Brexit checks at border to ‘a couple of lorries a day’ September 12, 2022 Checks on goods travelling across the Irish Sea should be cut to a “couple of lorries a day”, the EU’s chief negotiator on Brexit said today. Maros Sefcovic said the union stands ready to work in a “open and constructive way” with Britain following a statement from the new Prime Minister on the prospect of [...]
UK trade exports in and outside of EU grow by £2.1bn post-Brexit September 12, 2022 The UK’s trade exports in and outside of the European Union (EU) rose in July, according to official figures, as the country’s GDP inched higher. Exports to the EU rose 7.9 per cent in July – the equivalent of £1.3bn, the Office for National Statistics (ONS) revealed this morning, While exports to non-EU countries increase [...]
European equity products weather second-highest month of outflows ever September 8, 2022 European equity products weathered their second-highest month of outflows on record in August as investors continued to flee markets in the face of continued volatility.
J.P. Morgan distances itself from Boris Johnson speaking deal rumours September 7, 2022 J.P. Morgan has not offered Boris Johnson a lucrative post-premiership speaking deal, despite rumours to the contrary. It was reported in The Telegraph on Monday that Johnson had been offered £2m to give six speeches at J.P. Morgan events. However, sources at the US investment bank have told City A.M. that Johnson has not been courted for [...]
GB Group shares surge as it confirms takeover interest September 7, 2022 Shares in software firm GB Group surged today as it confirmed a potential takeover swoop from US private equity firm GTCR, making it the latest British tech firm to fall into the sights of a foreign buyer.
Meet Liz Truss top team: Zooming in on UK’s new business secretary, Brexiteer City investor Jacob Rees-Mogg September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key ministers. Who are they? What has their journey been so far? Check out the new Chancellor Kwasi Kwarteng, the new Home Secretary Suella Braverman and the new Foreign Secretary, James Cleverly. As the country heads towards a lengthy period of recession, [...]
Meet Liz Truss top team: Who is the UK’s new Home Secretary, Brexit barrister Suella Braverman? September 7, 2022 Following yesterday’s Cabinet reshuffle, City A.M. introduces you to some of Liz Truss’s key government ministers. Who are they? What has their journey been so far? Also check out the new Chancellor, Kwasi Kwarteng and and the UK’s new Foreign Secretary, James Cleverly as well as the new Business Secretary, Jacob Rees-Mogg. A barrister who [...]