Condé Nast: Profit slashed at Vogue and GQ owner November 28, 2024 Profit at the UK arm of Condé Nast, the publishing giant behind the likes of Vogue and GQ, has been slashed as it battles a rise in costs. The company, whose publications also include Vanity Fair, Architectural Digest, Wired and Condé Nast Traveller, has reported a pre-tax profit of £8.3m for 2023, according to newly-filed [...]
FCA softens ‘name and shame’ plans after City backlash November 28, 2024 The Financial Conduct Authority (FCA) has softened its controversial ‘name and shame’ plans and will take into account the damaging impact the proposals could have on companies, after furious backlash from the City and Westminster. In a statement today, the watchdog said it would set out plans for “further engagement” after its initial plans triggered [...]
Independent high street shops could take brunt of national insurance hike November 28, 2024 Independent high street shops could face the worst of Rachel Reeves’ tax raid as a direct result of the hike in employers’ National Insurance Contributions (NICs), a new analysis shared with City AM has found. The analysis, commissioned by small business platform Enterprise Nation, revealed the impact of the 1.2 per cent hike in employers’ [...]
UK net migration hit record 906,000 peak before 20 per cent fall November 28, 2024 Net migration in and out of the UK has dropped by 20 per cent to around 728,000 in the past year, official figures have shown, after hitting a record peak of 906,000. The level reached a higher than previously thought figure of 906,000 in the year to June 2023, according to fresh data from the [...]
Why UK petrol and diesel prices are still sky high despite recent fall November 28, 2024 The price of petrol and diesel in the UK fell between June and October 2024 but the margin retailers are making from each visit to the pump has surged. According to new figures from the Competition and Markets Authority (CMA) fuel prices decreased in the period because, in part, of the changing crude oil prices [...]
Square Mile and Me: Natasha Guerra on setting up Runway East November 28, 2024 Runway East CEO Natasha Guerra tells us about her career, her favourite cocktail spot, and why she'd like to see fewer blue shirts in the City.
Exclusive: City grandees look to Asia in bid to solve IPO drought November 28, 2024 City grandees are looking to capitalise on European political volatility and tempt a wave of international and Asian companies onto the London Stock Exchange next year, according to a memo seen by City AM. London’s public markets have “tailwinds” behind them and the capital could benefit from being the “adult in the corner of the [...]
Construction projects in London dipped but developer optimism remained November 28, 2024 Construction projects in London dipped this year, but positive signals like lower interest rates and easing construction cost inflation have boosted optimism amongst developers. The number of construction projects started between April and September this year fell by 12 per cent, with refurbishments down 57 per cent, according to the Deloitte London office crane survey. [...]
The service sector is not to blame for Britain’s industrial decline November 28, 2024 With the government’s new industrial strategy set to be published next spring, there’s a real risk that nostalgia for our manufacturing past gets in the way of the sectors that really drive growth, says Sam Bidwell Political conversations about the British economy are often dominated by one depressing fact – nobody seems ready to celebrate [...]
Why COP29 failed November 28, 2024 Few were impressed by a late-running conference hosted by a petrostate, but that doesn’t mean we should give up on climate action, says Fin McCarron COP29 has now been and gone. And it’s fair to say that nobody was impressed. This year’s global climate gathering was supposed to provide a brand new climate finance target [...]