AI is driving McKinsey’s business model and talent overhaul May 15, 2026 McKinsey & Company’s business model is changing to prioritise performance-based pay, a shift largely driven by the impact of AI, City AM understands. The Big Three consulting giant has told senior staff it plans to overhaul its remuneration structure for partners, with more of their pay potentially coming in the form of equity in the US-headquartered partnership. [...]
Allica lands £350m in British Business Bank scheme aimed at fintechs May 15, 2026 Allica Bank has bagged lending backing from the UK’s state-owned economic development bank, in a scheme designed to bolster high-growth challengers that lend to small businesses. The London-based fintech – which sealed its status as a $1bn unicorn earlier this year – has landed £350m in the British Business Bank’s ENABLE Guarantee scheme, City AM [...]
Pan Pacific London director: The City is ‘incredibly special’ May 15, 2026 We have launched the Toast the City awards 2026 and throughout the year we’ll be speaking to some of the nominees. Today we caught up with Pan Pacific London director of marketing communications Michelle Whittemore, whose hotel has been nominated in the Best Overnight Experience category. To nominate your favourite Square Mile spots, from bars [...]
Record £4bn revenue for accountancy firms ‘may reinforce’ hawkish rate outlook May 14, 2026 The UK’s accounting sector hit a record high for monthly revenue according to data from the Office for National Statistics out on Thursday, though gains may be short-lived due to the impact of the uncertainty sparked by the Iran conflict. In March, the industry’s revenue spiked by nearly ten per cent to £4.3bn compared to [...]
IGI Announces Increase in Quarterly Ordinary Common Share Dividend May 14, 2026 International General Insurance Holdings Ltd. (“IGI” or the “Company”) (NASDAQ: IGIC) today announced that its Board of Directors has voted to increase the Company’s quarterly ordinary common share dividend to $0.075 per share, representing a 50% increase from the present rate of $0.05 per share per quarter. This marks the third consecutive year that the [...]
Kolibri Global Energy Inc. Announces Highest Quarterly Net Revenue in Company History of $19.6 Million and a 15% Increase in Average Production May 14, 2026 All amounts are in U.S. Dollars unless otherwise indicated: FIRST QUARTER HIGHLIGHTS Revenue, net of royalties was $19.6 million in the first quarter of 2026 compared to $16.4 million for the first quarter of 2025 due to 15% higher production and 2% higher average prices Average production for the first quarter of 2026 was 4,685 [...]
The Capitalist: City AM dirty stop outs blame the Guildhall lost and found May 14, 2026 Andy Burnham, X-rated typos and trouble at the Guildhall lost and found; catch up on the latest City gossip in The Capitalist.
‘Pint prices are crazy’: Meet the legends ensuring London still has £5 pints May 14, 2026 Outrage this week as one Mayfair establishment was caught froth-handed charging £11 for a pint of Moretti. It wasn’t even a special craft pint, just a bog standard lager. But as our City Editor Simon Hunt points out, it’s wrong to immediately stick it to London’s pubs, which are facing insurmountable costs forcing them to [...]
Labour’s holiday tax ‘will make staycations more expensive’ May 13, 2026 A leading trade body has attacked the government’s plans to push through a so-called holiday tax, which it says will make Brits’ staycations more expensive. Labour unveiled an Overnight Visitor Levy Bill as part of the King’s Speech, which provides the legislative framework for mayors to be handed the power to impose a tourism tax [...]
The Justice Company Launches Human Rights Screened High Dividend ETF via HANetf White-Label Platform May 13, 2026 The Justice Company has entered the European ETF market with the launch of JURY Global High Dividend UCITS ETF (ticker: JURY). JURY aims to provide exposure to high dividend global equities within clearly defined legal and human-rights boundaries. 10% of the TER will be dedicated to initiatives supporting communities affected by conflict, displacement and systemic oppression.1 The ETF is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR).2 JURY is listed on London Stock Exchange, Xetra, and Borsa Italiana. When you invest in ETFs your capital is at risk.