Mark Kleinman: Is it Rathi vs Woods in governor race? April 17, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Is it Rathi vs Woods in race to be next governor? And so it came to pass. A month after I wrote in this column that Nikhil Rathi was likely to stay on as chief executive [...]
FCA to rip 140 pages out of handbook in deregulation drive April 16, 2025 The UK’s financial watchdog has vowed to rip scores of pages from its handbook as it slashes red tape in a drive to boost growth. The Financial Conduct Authority (FCA) said as many as 140 pages will be removed from the lengthy handbook, as it opened a consultation on scrapping data collection requirements. The move [...]
Nikhil Rathi reappointed FCA chief April 10, 2025 Nikhil Rathi will be chief executive of the Financial Conduct Authority (FCA) for another five years, leading it on its new directive from the government to slash unnecessary and duplicated regulation, the Chancellor has confirmed. Rathi—a former Treasury mandarin and chief executive of the London Stock Exchange—will serve another five-year term as the boss of [...]
Bionow Awards honour our greatest Innovators April 9, 2025 The Bionow Awards are given to honour those most deserving for their ingenuity and dedication, distinguishing them from their competitors and proving them worthy of recognition. With a prestigious history of more than 20 years, the awards have become the leading life sciences accolades in the UK; highlighting the achievements of the sector, shining a [...]
Microsoft cuts UK jobs as sales near £10bn and profit surges April 8, 2025 Microsoft shed more than 200 UK jobs in the year its turnover jumped to almost £10bn, it has been revealed. The US tech giant reduced its headcount from 5,540 to 5,337 in the year to 30 June, 2024, new accounts filed with Companies House show. The reduction comes after Microsoft’s headcount grew from 4,955 in [...]
FTSE 100 companies to bolster top bosses’ pay and accelerate reviews April 7, 2025 FTSE 100 companies are looking to bolster executive pay and fast-track review periods in a bid to remain competitive with US peers, according to fresh research from Deloitte. The firm’s report showed 24 of 55 companies that published their annual reports for 2024 have sought shareholder approval for new pay policies. This is up from [...]
London needs more office space to remain Europe’s HQ April 4, 2025 Offices are integral to London’s offer as a global city, but cost pressures and green regulations are strangling the development pipeline, says Paul Williams We all want the UK to succeed, we all want communities across the UK to thrive – and growth in London is essential for the UK as a whole to prosper. [...]
Motor finance: Lloyds, Close Brothers and Santander brace for ‘shockwaves’ March 31, 2025 Judgement day nears for some of the UK’s biggest lenders as the motor finance scandal heads to the country’s highest court this week. The Supreme Court will decide whether to uphold the Court of Appeal’s October ruling that it was unlawful for banks to pay a commission to a car dealer without the customer’s informed [...]
Aviation regulator to review Heathrow’s financial model ahead of third runway March 27, 2025 The UK aviation watchdog is to review Heathrow Airport’s financial model after stakeholders raised concerns over how it intends to fund a third runway. Some of Heathrow’s biggest airlines submitted a request to the Civil Aviation Authority (CAA) in February demanding “an urgent and fundamental review” into the way the airport is regulated amid soaring [...]
Businesses told to watch out as CMA complaints spike ahead of new powers March 26, 2025 Complaints to the Competition and Markets Authority (CMA) have jumped by almost a quarter in the year leading to the watchdog being handed more power. According to research commissioned by law firm Pinsent Masons, concerns raised about competition and consumer law surged by 23 per cent from 4,728 to 5,823 in the year to 30 [...]