Labour market slowdown might be coming to an end raising questions for Bank of England May 9, 2024 The survey will give conflicting signals to the Bank of England, as policymakers mull their latest interest rate decision, due later today.
Devolution: Should London have power to raise its own taxes? May 9, 2024 Calls for the government to share some tax revenue with devolved administrations - including in London - have been backed by organisations in the capital.
Metro mayors need more power to deliver growth May 8, 2024 Sadiq Khan has been reelected for a third term as mayor, but if he's to get London firing on all cylinders we need more fiscal devolution
EV delivery firm Packfleet branded ‘disgusting’ for plans to sack 30 drivers and replace them with gig economy contracts May 8, 2024 EV courier Packfleet has informed workers of plans to sack 30 employed drivers and force them to become self-employed, City A.M. understands.
Private equity and venture capital investment into the UK has crashed since 2021 May 8, 2024 Private equity and venture capital investment into UK businesses fell by over 30 per cent to £20.1bn in 2023, according to a report from the industry body.
Seasalt: Delayed results reveal sales success but profits under pressure May 8, 2024 Sales surged past the £100m mark at fashion brand Seasalt but profits were slashed, according to heavily delayed accounts.
Andrew Sykes hits record profit as European heatwave leads to summer air con purchases May 8, 2024 Air conditioning hire firm Andrew Sykes posted record profit in 2023 as Southern Europeans looked to cool down from record temperatures over summer.
Buy-to-let specialist Onesavings Bank sees uptick in lending after bruising 2023 May 8, 2024 OneSavings Bank (OSB) has posted an uptick in lending and deposits for the first three months of this year as it looks to rebound from a bruising 2023.
Direct Line hikes prices as it tries to reassure investors it’s on track May 8, 2024 Insurer Direct Line has grown its written premium across its three main divisions as the firm looks to bolster investor confidence in its new turnaround strategy.
City regulator should force lenders to be more transparent on SME ‘debanking’, MPs urge May 8, 2024 An influential group of MPs has urged the City watchdog to force banks to be more transparent on why they "debank" businesses amid criticism that regulators and lenders are hamstringing growth and innovation among small firms.