Mark Kleinman: Bidders’ screen test of ITV is a reheated repeat November 28, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City AM column. This week he tackles ITV takeover rumours, the deal extravaganza in professional services and fast moves in fintech. Bidders’ screen test of ITV is a reheated repeat Who’s up for an episode of ‘I’m an [...]
Smithfield Market to close after 900 years, following City vote November 26, 2024 London’s oldest meat market is set to close having served the capital for over 900 years, after a City of London panel voted to end its plans to help relocate its traders to a new site in Dagenham Dock. Smithfield market’s owners, the City of London Corporation, had planned to relocate Smithfield and Canary Wharf’s [...]
Spending watchdog refuses to sign off on government accounts November 26, 2024 The spending watchdog has refused to sign off on the government's accounts for the first time due to unreliable data from England's local councils.
FCA is ‘incompetent’ and transformation plan a ‘failure’, MPs say November 25, 2024 The Financial Conduct Authority (FCA) is “incompetent” and “defective” and attempts to transform itself over the past four years have been a “failure”, according to a damning report by a group of MPs, set to be revealed tomorrow. In a more than 350-page report compiled over three years, the All-Party Parliamentary Group on Investment Fraud [...]
The City is a gateway to Gulf investment in the UK November 25, 2024 The Gulf is Britain’s fourth biggest trading partner and the City is supporting efforts to strengthen this vital relationship, says Alastair King It was reported last week that the Prime Minister will soon visit Saudia Arabia and the United Arab Emirates, to strengthen economic ties and attract investment, while also discussing how we can achieve [...]
Trump taps Scott Bessent for Treasury, capping long drama over choice November 23, 2024 President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as US Treasury secretary, ending days of twists that saw high profile candidates pitted against each other for the cabinet position with vast influence over economic, regulatory and international affairs. Wall Street has been closely watching who Trump would choose, especially given his plans to [...]
London Capital & Finance was a ‘Ponzi scheme’, judge rules November 14, 2024 Former executives of the collapsed London Capital and Finance (LCF) participated in fraudulent conduct, ruled a High Court judge.
Ex-BDO senior manager handed 20-year ban for falsifying documents November 14, 2024 The audit watchdog has banned a former senior manager of accountancy giant BDO for 20 years after she was found to have been creating false documents
Post Office: Jobs and branches could be axed in post-scandal shake up November 13, 2024 The Post Office has announced a significant overhaul, with the closing of 115 branches and hundreds of jobs at risk.
All hail the regulator going for growth November 12, 2024 At last month’s Investment Summit in the City, Keir Starmer set out an admirably clear view of how he wants this country’s regulatory bodies to work, telling delegates: “we will make sure that every regulator in this country, especially our economic and competition regulators, takes growth as seriously as this room does.” There’s been no [...]