FCA cracks down on unregulated crowd investment schemes August 26, 2024 The Financial Conduct Authority has begun a crackdown on crowd funding investment schemes that see investors diving into unregulated share offers. Odin, a service that helps private companies pool investments, has revealed that the regulator had told it to stop taking on new customers until it changes its operating model. “The FCA has come to [...]
Big firms return to CBI after sexual misconduct scandal and overhaul August 26, 2024 A number of major British companies have renewed their engagement with the CBI as the lobby group looks to rebuild its membership.
The Square Mile is educating the workforce of the future August 26, 2024 By investing in this generation, we can ensure that our workers and workplaces have the skills to achieve, laying the foundations for the City’s future success, says Chris Hayward Here in the City we have one of the youngest, most highly-skilled workforces in the country: over half of the Square Mile’s 615,000 workers are under 40. And each year we [...]
Bluesky: Social media site eyes politicians after ‘quite the influx’ of UK accounts August 24, 2024 Chiefs at social media site Bluesky have suggested they are eyeing politicians for their platform after X owner Elon Musk’s commentary on UK current affairs.
Jonnie Peacock: London 2012 star not ready to finish Paralympic journey yet August 23, 2024 Jonnie Peacock insists he has no post-Paris retirement plans as he eyes up a thrilling hat-trick of Paralympic gold medals. The Cambridge sprint star, 31, catapulted himself onto the big stage with an unforgettable 100m T44 title at London 2012 before defending that crown in Rio four years later. Bronze at a Covid-affected Tokyo 2020 [...]
Bank of England warned to be wary of public sector pay deals August 23, 2024 "The big risk is that by setting a benchmark for private sector firms, these pay deals prevent wage growth and services inflation from falling much further," Ashley Webb, UK economist at Capital Economics said.
Ofgem’s energy price cap to increase by 10 per cent from October August 23, 2024 Households will pay £12 a month more for their gas and electricity bills starting in October after Ofgem announced it would lift its price cap. The energy price cap for the final quarter of 2024 will rise 10 per cent to £1,717 for a typical household in the UK, the energy regulator confirmed today. That [...]
Why are convenience stores all the rage? August 22, 2024 Earlier this week, Waitrose became the latest UK grocer to announce a big push into the convenience store market. The supermarket giant will open 100 stores in the next five years as part of a $1bn investment plan. Waitrose follows Asda, Morrisons (with its McColl’s estate), Tesco, Sainsbury’s and the Co-op in ploughing ahead with [...]
The Capitalist: Banksy isn’t cool anymore but do you know what is? Toe wrestling August 22, 2024 City rumours, whispers and gossip with The Capitalist, this week including Banksy fans cashing out, deals breaking but friendships forming and City boys oiling up for the World Toe Wrestling Championships
Alice Tai: ‘I used to cry before swimming. Now it’s my job’ August 22, 2024 Alice Tai is a Paralympic champion who has demonstrated that she is equally adept in front of the camera and in the pool. It has been some journey for an athlete who ran away from her first competition because of the crowd. The 25-year-old from Poole will head to Paris this summer looking to add [...]