London needs a new financial services story – and it should be crypto, says former chancellor Hammond April 6, 2023 Back in 2017, a word association for then-Chancellor Philip Hammond may have conjured up the likes of staid and steady over innovative and adventurous. Theresa May’s right hand man oversaw a turbulent period for the country but he was the last man in Number 11 to stick to the Office for Budget Responsibility’s forecasts. While [...]
The Square Mile and Me: Steffan Williams on the joy of comms, the City’s data revolution and J Sheekey’s charms April 6, 2023 Each week we ask the City’s great and good to dig deep into the memory bank and tell us their favourite tales from the Square Mile. This week it’s Steffan Williams, the well-connected comms supremo and co-founder of Williams Nicolson What was your first job? Graduate Trainee at Charterhouse Bank. The key question at interview [...]
Transform your business April 5, 2023 Rice Search Partners is a global financial services executive search boutique with more than 25 years of experience. It has delivered searches for senior executives in 66 cities around the world, specialising in front office investments, trading, compliance, risk, legal, data, technology, and operations. Rice Search Partners’ executive search values are deep areas of specialisation, a global mindset and [...]
Enquest backs calls for windfall tax price floor after posting £33m losses April 5, 2023 Enquest has joined industry calls for a windfall tax price floor, putting further pressure on the government to reform the levy.
UK economy: Flat services sector could ease fears of more interest rate hikes although recession fears still loom April 5, 2023 The British services sector continued its recovery from recent woes as it expanded again in March, although more slowly than in February meaning recession still stalks the UK economy. The S&P Global/CIPS UK services PMI survey showed a reading of 52.9 last month, down from a score of 53.5 in February. Experts had forecast that [...]
Just a third of Brits say Starmer has done well on economic trust April 4, 2023 Just a third of Britons believe Sir Keir Starmer has done well at convincing people Labour can be trusted with the economy, a poll by YouGov has revealed. It comes as Labour leader Sir Keir comes to the end of his third year leading the opposition, which he marked by telling the Times newspaper he [...]
Bitcoin holding a steady course above $28k April 4, 2023 Bitcoin has been hovering above the $28,000 level over the last few days, barely moving from $28,150 over 24 hours.
FTSE 100 close: London’s premier index falls as strong performance for miners not enough to tip market into green April 4, 2023 The FTSE 100 closed lower on Tuesday as markets ran out of steam despite a strong performance from many of the index’s mining giants. The capital’s premier index closed 0.5 per cent lower at 7,634.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended [...]
Let’s face it: Profiteering is feeding the inflation beast, not just pay rises April 4, 2023 Inflation is a pernicious beast that is plainly bad for people and businesses. It can ease governments’ debt burdens by (artificially) boosting tax revenues, but that can lead to severe bouts of price rises that, often, lead to societal decay. So it’s easy to see why policymakers in the UK are sweating over the rate [...]
UK 2023 economic outlook brightens but ‘big gaps’ remain, Deutsche Bank says April 3, 2023 The UK’s economy will to flatline rather than contract in 2023, according to analysts from Deutsche Bank, as last week’s upgrade to GDP for the final quarter of 2022 will likely have a positive knock-on effect for the remainder of this year. The ONS revised its initial GDP reading for the fourth quarter of 2022 [...]