‘Stewardship shouldn’t feel like box-ticking’ – FRC chief June 3, 2025 FRC chief executive exclusively shared with City AM his main focus of overhauling its key City code was "reducing the reporting burden"
FRC: We will take an axe to City stewardship code, says boss June 1, 2025 The Financial Reporting Council (FRC) plans to take the axe to a key City code that governs how shareholders should hold companies to account. The UK Stewardship Code was created following the 2008 financial crisis to address fears that shareholders had failed to adequately police risk-taking. Signatories are required to publicly report on their stewardship [...]
UK-Gulf states trade deal on the horizon May 30, 2025 The UK is poised to sign a trade agreement with the Gulf states, including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The deal with the Gulf Cooperation Council (GCC) is expected to be worth as much as £1.6bn, with hopes that the value will rise by an additional £8.6bn a year [...]
London vs New York: Who will win the fintech IPO war? May 24, 2025 A battle with New York awaits as Rachel Reeves sets her eyes on London fintech IPOs. The Chancellor has courted top fintech darlings in her attempt to boost listings on the London Stock Exchange (LSE) as a fleet of firms are flirting with floating in the near future. Monzo is reportedly consulting with investment bankers on [...]
EY labels former head of EY Abu Dhabi a ‘fraudster’ in £2.7bn legal battle May 21, 2025 EY UK's barrister described the former head of EY Abu Dhabi as "plainly a fraudster" in the openings at the £2.7bn legal battle
The UK is a financial world leader, so why are our numeracy levels so poor? May 21, 2025 Poor numeracy skills have real financial consequences. If the City is to remain a financial powerhouse, we must address the nation’s deteriorating maths, writes Andy Haldane on National Numeracy Day Financial services is a numbers game. Success in finance requires mastery of a wide range of skills, professional and interpersonal. But without a command of [...]
EY audit of NMC ‘was deficient in multiple respects’ says regulator May 19, 2025 The High Court will hear a draft report by the FRC concluding that EY's audit of collapsed NMC "was deficient in multiple respects"
EY’s £2.7bn legal fight over NMC Health audits May 19, 2025 A mammoth legal fight against EY over its auditing of a former London-listed health giant that collapsed after allegations of fraud starts today
Sadiq Khan’s green belt U-turn is an admission of failure on housing May 15, 2025 Sadiq Khan is spinning his plan to build on London’s green belt as a “radical change of approach”, but it’s nothing of the sort. It will have a very limited impact on housing starts during this mayoral term and may only add to the political heat around house building, says James Ford Margaret Thatcher famously [...]
Crystal Palace face FA Cup final amid boardroom battles and upheaval May 14, 2025 Crystal Palace’s preparations for Saturday’s FA Cup final have been taking place against a backdrop of more discord in the boardroom. The club’s biggest shareholder John Textor has made renewed attempts to purchase the combined 36 per cent stake of fellow American investors, Josh Harris and David Blitzer, with the timing of his latest approach [...]