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 [...]
How the accounting watchdog is looking to unleash the City November 11, 2024 As Richard Moriarty gripped the sides of a podium and spoke freely from a sheet of bullet points at the London Stock Exchange in September, a warmth was stirring among certain City executives in the room. The tie-less career regulator, boss of the audit watchdog, the Financial Reporting Council, laid out his plans to shake [...]
Audit watchdog plans to ditch ‘environment’ focus in growth push November 11, 2024 The audit watchdog is planning to remove references to the “environment” and “society” from a code setting standards for City investors in a bid to simplify reporting processes and get behind the government’s push for growth, City AM can reveal. In a consultation document today, the Financial Reporting Council (FRC) will reveal plans to make a number [...]
Ahead of the Game: Trump’s pledge to LIV and PGA, Charlton eye move November 6, 2024 LIV Golf executives will be cheered by Donald Trump’s march on the White House in the belief that the former president’s second US election win would lead to the long-heralded merger with the PGA Tour finally taking place. Negotiations between the two rival tours have been taking place for over 18 months, with one of [...]
Eurovision boosts Liverpool John Lennon Airport ahead of Jet2 expansion November 5, 2024 Eurovision helped significantly cut the annual loss at the company behind Liverpool John Lennon Airport as a spike in passenger numbers helped turnover take off. The airport has reported a pre-tax loss of £352,000 for the 12 months to 31 March, 2024, having made a loss of £4.8m in its prior financial year. Newly-filed accounts [...]
Unilever: Dove and Magnum owner shrugs off economic concerns October 24, 2024 Consumer goods giant Unilever has reported a period of strong growth as demand for its so-called power brands surged. In a trading update for the third quarter of 2024, the company said it had recorded underlying sales growth of 4.5 per cent compared to the prior year across its main divisions, with volume growth of [...]
Starmer should make trade with Saudi Arabia a top priority October 22, 2024 The UK and Saudi Arabia have long cultivated strong ties. A bilateral trade relationship represents trade in goods and services between the two of a significant £17.6 billion for the 12 months to the end of Q1 of 2024.* Crucially, the Saudi government is investing billions into the UK economy through the Saudi sovereign wealth [...]
LMA: Driving change in Lloyd’s of London October 22, 2024 The UK’s £50bn specialist insurance market is a powerhouse, one of the tokens is the Lloyd’s Market Association, which are at work to drive the markets evolution
Silentnight: Profit at mattress supplier up nearly a third October 15, 2024 Mattress supplier Silentnight has reported a sharp uptick in revenue in the last financial year as business and consumer demand for beds increased. Revenue at the UK’s “most trusted sleep brand”, reached £143.8m in the year to the end of January 2024, up 29 per cent from £111.3m in the previous year. The company, which [...]
Smaller firms eye chunk of Big Four’s audit work with uptick in clients September 30, 2024 Non-Big Four firms have experienced an uptick on audit work across FTSE 250 and all main market clients, as competition with the audit giants continues