Our financial services sector has failed to keep up with the change in digital banking December 4, 2023 Technological advances can only get us so far without the equivalent skills - it's time to close the gap, writes Michael Mainelli
COP28: What does the City think? December 1, 2023 City A.M. spoke to Square Mile decision-makers to check the temperature on what COP28 means to the City of London and the UK economy as a whole.
Deloitte and KPMG encourage use of burner phones in Hong Kong November 28, 2023 Some of the Big Four firms are advising its executives not to use their usual work phones when they travel to Hong Kong. According to the Financial Times, Deloitte and KPMG have asked some US-based staff to use burner phones when they visit this territory. The policy has caused staff to be reluctant to visit [...]
KPMG: Big four firm to freeze pay for 12,000 jobs as services slowdown continues November 24, 2023 Big four firm KPMG has announced it will freeze the pay of 12,000 staff, as the services sector continues to be hit by a major slowdown. The freeze was first reported by the FT, with staff only getting a pay boost if they get a formal promotion, ahead of the Christmas break. Partners at KPMG [...]
Wilko bosses to be questioned by MPs following company’s collapse November 23, 2023 The bosses of Wilko will appear before MPs next week to explain the shortfall in the company’s pension fund and why its owners were taking money out of the debt-laden company. MPs on the Business and Trade Committee said they would question the company’s former chief executive and chairwoman as well as representatives from its auditor EY. [...]
Regulation or Innovation? The Driving Forces of Change in Sustainable Finance November 22, 2023 Who wields the greatest influence— legislators, businesses, or consumers? As part of a joint research project, FuturePlus and Relative Insights have published an exploration into the forces that propel societal change. With a focus on the finance industry’s relationship to sustainability, we delve into the escalating interest exhibited by venture capital (VC) and private equity [...]
Latest borrowing figures pose headache for Hunt ahead of Autumn Statement November 21, 2023 Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said that "October’s data likely are more indicative of the trend over the coming months".
EY reviews London office headquarters as lease renewal nears November 21, 2023 EY has launched a property review of its London headquarters as the Big Four firm prepares for the end of its lease. According to The Telegraph, the firm launched a review of its More London office, near London Bridge, as its 25-year lease on the building expires in 2028. Its More London office spans across [...]
Reasons to be cheerful? Why the UK could dodge a recession November 21, 2023 After the most recent GDP figures for the third quarter, it is all but certain that the UK will avoid a contraction this year. So are there still reasons to be optimistic about the UK's performance over the coming months?
Huel would consider sale amid IPO market slump November 20, 2023 Chief Executive James McMaster told the Financial Times that Huel had considered the IPO market before it “died” at the beginning of 2022.