London Stock Exchange listing cash plunges as IPO drought continues July 3, 2023 Fresh listings on the London Stock Exchange have raised just £1.6bn in the past year as the City is hit by an extreme drought in public market activity, new data shows.
London Stock Exchange chief slams pension schemes over attempt to block City reform June 29, 2023 The chief of the London Stock Exchange has hit back at a group of top pension funds today after they warned that reforms to boost the appeal of London risked “watering down” investor protections.
FCA risks ‘watering down’ investor protection in bid to revive London, 10 top pension funds warn June 28, 2023 The Financial Conduct Authority risks “watering down” investor protections in its push to revive the appeal of London’s markets, a group of top pension has claimed today.
PwC set to hand 25,000 junior staff a real-terms pay cut – despite FRC plea to give them more June 28, 2023 Big four firm PwC has reportedly told its junior auditors their pay is going to be frozen, amid concerns it will make the industry less attractive. According to reports in the FT, around 25,000 staff members are set to get lower pay rises, with the accountancy giant citing the challenging market conditions and pay rises’ [...]
Is Brexit the real reason for London’s stock market malaise? June 28, 2023 Whether Brexit is to blame for London's market malaise is a topic of debate in the Square Mile.
Number of Brits looking to buy electric vehicles soaring ‘well ahead’ of demand for combustion engine, analysis shows June 27, 2023 The number of prospective UK car buyers looking to go electric is soaring despite only a “minimal” increase in those wishing to purchase traditional combustion engine vehicles, new research from the consultancy EY has revealed, as the number of Brits seeking normal vehicles slips well behind its charged-up competition. As of this year, more than [...]
UK motor insurers issued worst performance in a decade last year – and it’s not looking much better for 2023 June 26, 2023 UK motor insurers delivered their worst performance in a decade last year, new data has revealed, as inflation radically jacked up the cost of claims. Car insurers’ net combined ratio (NCR), which shows claims and costs as a proportion of premiums, hit 109.5 per cent in 2022, according to new data from EY released today. [...]
There may be mortgage pain, but these bankers say rates hikes could boost the City June 22, 2023 Numis says the higher cost of capital could scupper private equity takeovers and boost the IPO market
London investors failing to ‘step up’ in fight for IPOs, says WE Soda chief June 18, 2023 The boss of WE Soda has taken aim at the “commitment” of London and European investors today after the soda ash maker ditched its listing plans last week due to the meagre valuation mooted by the market.
The Lady Mayoress Joins City Leaders at Mansion House for the Second City Giving Day Breakfast June 15, 2023 The Lady Mayoress of the City of London Felicity Lyons and The Lord Mayor’s Appeal hosted City leaders and CSR professionals yesterday at Mansion House for the second annual City Giving Day breakfast. High-profile guests including Alderman Alison Gowman and Sheriff Andrew Marsden joined thought leaders from some of the City’s most prevalent companies including [...]