Former fintech ‘unicorn’ Truelayer laid off a quarter of staff in one day November 15, 2024 Former fintech ‘unicorn’ Truelayer laid off roughly a quarter of its workforce in a single day as part of an effort to slash costs and become profitable, City AM can reveal. The London-based firm axed 71 roles at the end of September a week before announcing a $50m funding round that lowered its valuation, according [...]
Cinemas warn tax hikes may cause credits to roll November 15, 2024 The UK cinema industry has warned that higher taxes on employees’ wages announced in the Budget will be the final straw for some venues in what has become a core cultural industry. Chancellor Rachel Reeves increased the amount employers have to pay in NICs by 1.2 per cent, and lowered the wage threshold employers must start paying [...]
The Boat Race: Chanel-backed Thames regatta gets season underway November 14, 2024 The central London stroke rate was on the rise this week as the 2025 Boat Race season got underway with the Presidents’ Challenge at Somerset House. The challenge, issued on behalf of the men’s and women’s crews that lost in the previous edition, renewed the rivalry between Oxford and Cambridge Universities. It comes a month [...]
Why Rachel Reeves’s pension reforms might not be as ‘radical’ as she thinks November 14, 2024 While her changes may constitute the biggest overhaul of the pensions sector in decades, some in the City say the truly radical option remains firmly in the back pocket.
Which FTSE 100 companies are most exposed to Donald Trump? November 14, 2024 The FTSE 100 has dropped by more than one per cent following the election of Donald Trump as US president, hitting a three-month low earlier this week. Meanwhile, the S&P 500 has been soaring, leading to a clear divergence between the two indexes. While not all of the poor performance of the FTSE 100 can [...]
The Curious Case of Benjamin Button musical review: Intriguing but exhausting November 14, 2024 The Curious Case of Benjamin Button musical review: ★★★★ Let’s face it, when thinking about classic novels that stir the soul, F. Scott Fitzgerald’s The Curious Case of Benjamin Button is among the weirdest. The idea of a bloke who ages backwards is unnerving, but nevertheless the novel – and subsequent film with Brad Pitt [...]
UK M&A set for ‘sustained increase’ after Budget and Trump victory November 14, 2024 British M&A activity is expected to ramp up going into 2025, City advisers have said, as dealmakers feel more certainty following the Budget and US presidential election.
Monetary policy needs to be ‘more forceful’ as global economy becomes less stable November 14, 2024 "Over the next few years at least, volatility in macroeconomic variables likely will be elevated," Mann said at the Annual Conference of the Society of Professional Economists in London.
Enhanced Games: Doped Olympics make hires from Nike and Red Bull November 14, 2024 The Enhanced Games, a doping version of the Olympic Games planned for next year, has poached talent from Nike, Snapchat and Red Bull as the group steps up its efforts to launch in 2025. The brainchild of London-based billionaire Aron D’Souza, the Enhanced Games will see athletes able to take substances that are currently banned [...]
‘Not the 1970s’: Minister slaps down four-day week calls from civil servants November 14, 2024 Civil servants won’t get a four-day working week as we’re “not living in the 1970s”, the pensions minister has said. Emma Reynolds slapped down the demand from Whitehall bureaucrats on Times Radio, after it emerged staff at one department claimed the policy could save the government millions. Workers at the Department for Environment, Food and [...]