UK and France agree to co-ordinate on nuclear deterrent July 10, 2025 The UK and France will co-ordinate more closely over nuclear deterrent plans, with any adversaries “threatening the vital interests” of either nations set to face a joint response to attacks. In a new agreement struck between Keir Starmer and Emmanuel Macron, the two countries will work together on nuclear research and take a more aligned [...]
Fintech leads surge in London finance hiring July 10, 2025 Fintech helped lead roaring growth in London’s finance hiring for the second quarter of the year as demand for risk professionals surged amid a more moribund jobs market for traditional lenders. New financial services jobs vacancies rose three per cent quarter-on-quarter, according to Morgan McKinley’s London Employment Monitor while Greater London fintech hiring is expected [...]
Reform top the polls but voters cool on Nigel Farage July 9, 2025 Reform UK continues to ride high in the opinion polls – climbing 16 points since last year’s election – yet voters appeared to have cooled on Nigel Farage as new City AM polling suggests he’s lost some of his shine. A post-government slump in support for the Conservative Party and lack of approval for the [...]
Regulators, mount up: FCA taking on City AM Triathlon Team Challenge July 9, 2025 They’re used to tracking them in their day jobs but next month the FCA will be hunting the Square Mile’s finest in water, by bike and on foot when they take part in the City AM Triathlon Team Challenge at the London T100. The financial services watchdog is entering no fewer than five teams in [...]
London firms turn to hiring part time workers July 9, 2025 Businesses across London have turned to hiring more part-time workers ahead of a hot summer, with higher employment taxes prompting owners to offer more flexible work. A new survey by the London Chamber of Commerce and Industry (LCCI) has found that the capital city’s economy was in recovery mode, with sales rising and cash flows [...]
Red Bull sack Christian Horner in major Formula 1 shock July 9, 2025 Red Bull team principal Christian Horner has been sacked by the reigning Formula 1 championship winning team after 20 years in the role. Horner has held his post since the team’s formation in 2005, and oversaw dominant periods for drivers Max Verstappen and Sebastian Vettel in a tenure that saw six Constructors‘ and eight Drivers’ [...]
Reeves warned ‘undermining cash ISAs a serious mistake’ July 9, 2025 Chancellor Rachel Reeves has been warned that “undermining” cash ISAs would be a “serious mistake” and could hike the cost of mortgages and make them harder to access. Skipton Building Society has joined the chorus of institutions voicing their concerns ahead of the Chancellor’s Mansion House speech next week where she is expected to announce a [...]
Close Brothers to scale back lending after motor finance hit July 9, 2025 Close Brothers is set to scale back its premium finance division in a bid to cut costs and focus on its offerings for businesses. The lender said on Wednesday it would begin to prioritise insurance products designed for businesses in its commercial lines, which the firm said offered better risk-adjusted returns and long-term growth potential. This will [...]
Galliford Try ‘well-positioned’ to benefit from government spending July 9, 2025 Galliford Try has stated that it “welcomes” the government’s ambitions for affordable housing and infrastructure and expects to report a profit ahead of expectations this year. The construction giant, which has 4,300 employees across the UK, operates across the public and regulated sectors – including water, transport and building projects. The company told markets it [...]
Rolex sponsored Wimbledon stars made to pay for own watches July 9, 2025 A Rolex sponsorship or ambassadorial contract is widely seen as a must-have endorsement by aspiring young tennis players, yet such deals can prove to be a mixed blessing. Such is the value and scarcity of the Swiss luxury watches that their endorsement department operates a strictly enforced tier system, with only their A-list clients such [...]