What you need to know about China’s new bank rules — and why experts are calling for more stimulus January 24, 2024 Markets have been digesting the latest attempt by Chinese policymakers to inject some life into China's flatlining economy.
Mark Kleinman: Post Office needs new leaders to deliver January 24, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
London Oxford Street spend slips as pressure mounts to scrap tourist tax January 23, 2024 Bosses behind Oxford Street are piling fresh pressure on the government to scrap the tourist tax after visitors failed to splash the cash over the Christmas period. Dee Corsi, who heads up the New West End Company, said footfall grew three per cent over the holiday season but customers kept their purses shut, with spending [...]
Boohoo parachutes in ex-Betfair and Zoopla CFO after incumbent quits January 23, 2024 Embattled fashion brand Boohoo has drafted in a new chief financial officer, formerly of Betfair and Boohoo, after the incumbent quit with immediate effect this morning.
FTSE 100 today: London markets poised to follow global uptrend January 23, 2024 Asian stocks mirror Wall Street's rally; Nikkei surges on BOJ's dovish tone, while China lags behind. All eyes on Netflix, Johnson & Johnson, and Procter & Gamble earnings, shaping a day of market anticipation.
Voters are sick of political slogans, but Sunak and Starmer just won’t let go January 22, 2024 Sunak and Starmer are obsessed with slogans, but voters see right through them and they are making politics meaningless, writes Eliot Wilson.
Retail sales crash 3.2 per cent in December as struggling high street hits Covid-era low January 19, 2024 UK retail sales plummeted 3.2 per cent in December, well below analyst expectations and the largest monthly fall since January 2021 when coronavirus restrictions pushed down sales. Analysts had expected sales to fall by 0.5 per cent in the last month of the year, but a significant drop in both food and non-food store sales [...]
House of Lords ‘must pass Rwanda bill’, Rishi Sunak says January 18, 2024 The House of Lords “must pass this bill”, Rishi Sunak has said after MPs backed plans to pass new legislation to deport asylum seekers to Rwanda.
Cynergy Bank chief urges struggling SMEs to ‘de-risk’ current accounts January 18, 2024 The boss of challenger Cynergy Bank has said small firms are letting too much money languish in no-interest current accounts, as it launches a new offering that puts it in more direct competition with Britain’s major lenders. Chief executive Nick Fahy told City A.M. that small and medium-sized enterprises (SMEs) are increasingly struggling to afford [...]
I was ‘institutionalised’ at Barclays – now I’m free to innovate, says former chief executive January 18, 2024 Charlie Conchie interviews the biggest movers and shakers in tech, fintech and financial services. This week, it’s former Barclays chief executive and 10x Banking founder Antony Jenkins.