Second time lucky for Lucy Rigby? July 29, 2026 The Square Mile has welcomed its fifth City minister in two years and a familiar face is back in the hot seat- but can she deliver? Few tears were shed in the City when it became clear that Rachel Reeves would be out of Number 11 Downing Street. Yet the surprise return of her erstwhile [...]
Nobel Peace Prize maker’s UK arm seeks administrator July 28, 2026 The London Mint Office, one of the largest numismatic distributors, is lining up administrators after 20 years in business. Founded in 2006, the company is part of Europe’s largest coin company, the Samlerhuset Group, based in the Netherlands. The UK entity acts as a major retailer for collectors, including specially minted items celebrating British royalty [...]
EY and London managing partner fined over £1.3m for audit failure July 28, 2026 Big Four giant EY and its London office managing partner have been hit with a nearly £1.3m fine by the financial watchdog for audit failings related to retailer Made.com in 2021. The Financial Reporting Council (FRC) said the sanction follows an investigation into Julie Carlyle, who manages the City office and a portfolio of many [...]
Ban foreign stocks from Isa wrapper, says top pensions boss July 28, 2026 The tax-free wrapper on a stocks and shares Isa should be restricted to investments in UK assets, according to the chair of a top pension fund who also called for an inheritance tax carve-out for retail investors who buy government bonds. Speaking at an event, Standard Life chair Nicholas Lyons argued limiting the tax incentive [...]
Exclusive: Nothing slashes jobs in cost-cutting push July 24, 2026 British smartphone maker Nothing has begun slashing jobs across its global business as it looks to cut costs following a rapid hiring spree, City AM can reveal. The Kings Cross headquartered hardware firm, founded by Carl Pei, who previously set up Chinese smartphone company OnePlus, has begun consultations with staff across regions and has already [...]
HSBC sells Singapore insurance arm to Allianz in £1.6bn deal July 24, 2026 FTSE 100 HSBC has agreed to sell its health and life insurance business to German insurance giant Allianz for $2.1bn (£1.6bn) as it refocuses its strategy on Singapore’s wealth management. The banking giant agreed to sell its Singapore business to Allianz in a transaction that is expected to be completed in the first half of [...]
Aspire’s David Collyer: my curry catastrophe at the Cinnamon Club July 23, 2026 Square Mile and Me: We dig into the memory bank of the City’s great and good. Today, David Collyer, global senior vice president at Aspire, on being a Ferrari fan and a curry catastrophe What was your first job? A paper round – I used to dread Sundays because of the broadsheets but it’s where [...]
The Square Mile art gallery with amazing free exhibitions July 21, 2026 This Square Mile gallery is hosting free exhibitions throughout the summer You might have noticed a group of twenty-something students and creative types gathering in an art gallery at 130 Fenchurch Street recently – if you’ve wondered what’s going on there, the first bit of good news is you’re welcome to join in too. The [...]
London Stock Exchange unveils ‘LSE24’ round-the-clock trading venue July 21, 2026 The London Stock Exchange has unveiled plans to introduce 24-hour trading as it seeks to claw back interest from retail investors lured away by crypto and overseas markets. The stock market’s operator, LSEG, said it will launch the new venue, dubbed LSE24, as soon as next year in order to give “global investors greater flexibility [...]
CapVest Completes Acquisition of TSG July 21, 2026 TSG to accelerate its growth as a leading multi-energy infrastructure services provider across Europe; management and HLD reinvesting alongside CapVest as significant minority shareholders