Lord Mayor criticises ‘misalignment’ of tax in call to unleash the City December 2, 2024 The Lord Mayor of London will rebuke the government for a “misalignment” in its fiscal policy tonight as he calls for ministers to “look again” at a tax on share trading and incentivise investors to back London Stock Exchange-listed companies. In his first major speech since becoming Lord Mayor in November, Alastair King will urge [...]
New jobs for former Chancellor Philip Hammond and Labour’s Iain McNicol December 2, 2024 The former Chancellor and the former general secretary of the Labour Party Lord Iain McNicol have joined the board of a tax consultancy
West Ham in no-man’s land between aspiration and desperation December 2, 2024 West Ham United are never too far from a must-win game and if the sight of their fans fighting each other in Saturday’s five-goal defeat by Arsenal didn’t illustrate their current state, then a glance at the Premier League table certainly does. The Hammers are outliers in an otherwise concertinaed table, where the vast majority [...]
Ministers must act to slow London Stock Exchange investor ‘exodus’, says Peel Hunt chief December 2, 2024 Ministers must do more to stop the “exodus” of cash from the London Stock exchange after 41 consecutive months of outflows from UK equity funds, the boss of Peel Hunt has warned. In an interview with City AM, Steven Fine, who heads the AIM-listed broking house, said the speed of money leaving the market was [...]
Keir Starmer accused of ‘sidelining’ pledge to secure fastest growth in G7 December 2, 2024 Sir Keir Starmer has been accused of “sidelining” his pledge for the UK to have the fastest growth in the G7 ahead of a set of new targets aimed at making Brits feel richer. The Prime Minister has been criticised for appearing to ditch the “key election pledge” in what a Tory opponent told The [...]
Typhoo Tea takeover: New owner brews cost-cutting turnaround after rescue deal December 2, 2024 With the immediate future of Typhoo Tea secured after it was rescued out of administration, attention is now turning to what could next be on the cards for the historic brand. City AM exclusively revealed late on Sunday that the troubled tea maker is to be taken over by a vapes, batteries and vitamins seller [...]
St James’s Place readies redundancies in cost-cutting push December 2, 2024 St James’s Place is set to make around 500 redundancies next year as part of its sweeping cost-cutting plan, according to reports. Around a sixth of the wealth manager’s non-financial adviser workforce are set to be laid off in February, an internal memo, seen by Citywire, revealed. Over the summer, St James’s Place revealed it [...]
Son of Australian racing legend to make Formula 1 debut in Abu Dhabi December 2, 2024 Jack Doohan, the son of motorcycle racing legend Mick Doohan, is to make his Formula 1 race debut for Alpine at this week’s Abu Dhabi Grand Prix. The Australian, 21, will replace Haas-bound Esteban Ocon, who has been released to take part in post-season testing with his new team. Doohan joined the Alpine academy in [...]
Webuyanycar sales plunge by £1bn after slide in used car prices December 2, 2024 Sales at Webuyanycar plunged by almost £1bn in its latest financial year as a sharp fall in the value of used cars hit the motor marketplace, it has been revealed. The company, which is owned by Constellation Automotive, has reported a revenue of £2.57bn for the year to 31 March, 2024, according to newly-filed accounts [...]
House prices rise at fastest rate in two years – Nationwide December 2, 2024 New figures from Nationwide show that house prices rose by 3.7 per cent year-on-year last month, up from 2.4 per cent the month before.