Klarna changes share trade rules ahead of planned £16bn listing May 29, 2024 Buy-now pay-later giant Klarna has reportedly ditched rights held by large shareholders to block smaller investors' share trades as it gears up for a blockbuster public.
Labour backs away from bank windfall tax in bid to win over City May 29, 2024 Reports suggest Labour is not planning to impose a windfall tax if it comes into power.
Softbank to invest $9bn in pivot to AI May 27, 2024 Japanese tech company Softbank is to invest almost $9bn in artificial intelligence, as it pivots away from its traditional venture capital model of investing. Softbank became known globally for its flagship Vision Fund, investing in pie in the sky companies which occasionally translated to a massive win. Most famously, the company invested a staggering total [...]
Could Persimmon be set for £1bn takeover of housebuilding rival Cala Group? May 27, 2024 Persimmon plots £1bn takeover of Cala Group
Labour and Tories fight over economy as Hunt and Reeves drop tax cut hints May 25, 2024 The Tories and Labour will fight over the economy as Keir Starmer centres Saturday’s campaign on the cost-of-living crisis while the Conservatives hint at tax cuts for high earners. The Chancellor signalled the party would seek to end the impact of tapering of personal allowances on larger incomes, while his opposite number vowed to deliver [...]
City minister denies Sunak ‘taking the day off’ May 25, 2024 A minister denied Rishi Sunak is “taking the day off” from campaigning for the July 4 General Election as the Prime Minister stayed close to his Yorkshire constituency on Saturday morning. Sunak completed a whistlestop two-day tour of the four nations on Friday and is understood to be attending an event in the north of [...]
‘A tumultuous time’: The ups and downs of Bird’s time at the top of Abrdn May 24, 2024 While Abdrn chairman Douglas Flint praised the outgoing chief this morning for having spearheaded a fundamental reshaping of the company, analysts suggest his legacy is, at best, mixed.
Tech industry pushes Sunak to pass key data protection bill before the election May 23, 2024 Top tech executives are pressing the government to usher through a key data protection bill before the looming general election.
Net migration falls as Sunak admits no planes will leave for Rwanda pre-election May 23, 2024 Net migration to the UK has fallen by 10 per cent, according to official estimates, as Rishi Sunak was forced to admit no deportation flights to Rwanda would take off pre-election.
Mark Kleinman: Czech is on way to sceptical Royal Mail investors May 23, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.