London should be a natural leader for new artificial intelligence firms to move to October 30, 2023 Artificial Intelligence (AI) presents enormous opportunities, not just in terms of how we do business, but in how we interact with one another. Home to a number of innovative businesses and top talent, the UK has a head start in the race to explore AI’s potential for good, and an unrivalled opportunity to shape the [...]
Home insurance prices forecast to rise by a third as firms hike premiums October 29, 2023 Home insurance prices are forecast to jump by more than a third in the next two years as the industry hikes premiums to keep up with the cost of claims, according to new research. Insurers posted their worst net combined ratio – measuring claims and costs as a proportion of premiums – in three decades [...]
Dubai calling: City set for closer ties with UAE as ministers pen cooperation deal October 26, 2023 The UK is set to pen a deal to forge closer ties with the United Arab Emirates on financial services today as ministers look to tap into deep pools of capital and promote cooperation between the City and the Middle Eastern state.
Almost 80 per cent of European financial services brace themselves for Generative AI impact October 25, 2023 Many firms still lack plans to train their workforce to adapt to Generative AI, despite reports of high numbers of financial services bracing for impact.
PwC underperforms Big Four in revenue growth October 24, 2023 PwC's revenue growth is down from 13.4 per cent in the previous year, falling short of its Big Four rivals.
Our savers and our businesses are losing out from stagnant pension rules in the UK October 23, 2023 Pensions are a vital part of our later lives. As life expectancy increases with improvements in healthcare and lifestyles, our pensions will need to work even harder. Pension funds are also a vital source of investment upon which the businesses of today depend. Over the past twenty years, the UK has suffered a significant decline [...]
Bank of England governor Andrew Bailey predicts drop in inflation allaying recession fears October 20, 2023 UK inflation is set to drop markedly for October amid continued efforts to tackle the higher cost of living, the governor of the Bank of England has said. Andrew Bailey indicated inflation will return to its recent pattern of slowdowns after the Office for National Statistics (ONS) recorded a surprise pause last month, leaving inflation [...]
London Stock Exchange Group eyes bumper year despite sluggish IPO market October 19, 2023 The London Stock Exchange Group said it was on track to hit the top end of its forecasts for the year this morning after income ticked up over the summer despite a slump at its flagship exchange.
Steady inflation should not set alarm bells ringing at the Bank of England — yet October 18, 2023 After the excitement of August's surprise drop in inflation, September's figures cannot help but feel a bit disappointing.
KPMG to cut jobs and freeze pay in deals division October 17, 2023 Around 110 employees, nearly seven percent of the KPMG's UK deals workforce, are expected to be laid off, according to the Financial Times.