Bank bosses set for Downing Street summit amid windfall tax fears September 8, 2024 The bank CEOs are likely to be just as nervous about the prospect of any windfall taxes which could be announced in October's Budget.
The Bank of London reveals £42m fundraise days after winding-up order from HMRC September 8, 2024 Fintech ‘unicorn’ the Bank of London has announced a £42m injection of funding today after a tumultuous week in which it was hit with a winding-up order and revealed its chief executive was stepping down. In a statement, the specialist clearing bank, one of only two to be created in the UK in the past [...]
The Bank of London Group handed HMRC winding-up order after chief steps down September 7, 2024 The Bank of London Group, a fintech unicorn boasting Peter Mandelson on its board, was handed a winding-up petition by the UK's tax authority just two days after saying its founder would step down as chief executive, City A.M. can reveal.
Alfa Financial raises guidance as shift to subscription model delivers September 5, 2024 Asset finance software company Alfa Financial Software has said it expects full-year revenue to be £1m ahead of previous expectations, as the shift to a subscription model has started to pay off. In the first half of 2024, the company posted record total contract value (TCV) of £193m, a 40 per cent year on year jump, driven by [...]
Mark Kleinman: Concorde successor’s failure risks chain Reaction September 5, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column. This week he tackles Reaction Engines, PRS REIT and EMK Capital Concorde successor’s failure risks chain Reaction What about this for an adverse Reaction? Two leading City fund managers – Artemis and Schroders [...]
UK unlikely to move into ‘fast lane’ despite surprisingly strong growth this year September 5, 2024 The British Chambers of Commerce (BCC) has lifted its growth forecasts for the economy this year, but remained doubtful that the UK would move into the “fast lane” any time soon. The business group’s latest quarterly projections suggest the UK will grow 1.1 per cent this year, an upgrade on its previous estimate of 0.8 [...]
Worst Corporate Jargon of the Week Awards: Scrum September 5, 2024 A scrum is not a casual Slack video call or an innocent gathering of penguins. No, a scrum is something more akin to a belief system.
Investors brace for wave of share buybacks from UK companies September 4, 2024 The UK is on the cusp of a “regime change” in corporate attitudes towards share buybacks, Panmure Liberum analysts have said. Looking through financial statements, Panmure Liberum analysts Joachim Klement and Susana Cruz found that mentions of buybacks have risen 144 per cent over the last year for FTSE 100 companies, with a 79 per [...]
A new Newlon resident tells us how becoming a Shared Owner has given her a sense of pride and achievement. September 4, 2024 One of Newlon’s newest developments is Millstream Tower. Built in conjunction with Kier and offering 117 apartments for Shared Ownership, one of its residents shares her journey to becoming a first time homeowner. 34 year old Kay, who works in corporate administration for an NHS trust, has lived in North London all her life. “I [...]
Are the super-rich running out of road? September 4, 2024 As more western governments look at ways to increase taxes for the ultra-rich, Ali Lyon asks whether it will work