Aviva backs Reeves pension investment push with new venture capital arm September 2, 2024 Aviva has launched a dedicated venture capital arm today as it rows in behind the government’s drive to pump more pension cash into start-ups. The move by the FTSE 100 pension giant forms part of a wider project to restructure its private market arm, which previously focused solely on real assets. In a statement, Aviva [...]
Workers’ rights: New agency to issue businesses with large fines September 2, 2024 Businesses face paying large fines from a newly formed agency if they are found to have breached Labour’s proposed workers’ rights laws. As Parliament returns this week, ministers are reportedly weighing up the practicalities of the far-reaching package that includes controversial reforms like a ban on “exploitative” zero hours contracts, granting day-one rights after probation, [...]
Londonmetric makes £120m worth of acquisitions and sales in dealmaking spree September 2, 2024 LondonMetric has made £70m worth of acquisitions and offloaded other assets worth £50m in the real estate investment trust's (REIT) latest dealmaking spree.
Why the new Labour government should invest in trains, not planes September 2, 2024 The aviation industry's contribution to the economy has long been its most relied upon defence. But is it really that clear-cut?
Grenfell Tower fire inquiry set to reveal findings on companies and government September 2, 2024 The second and final report of the long-running Grenfell Tower Inquiry will be released this Wednesday, bringing renewed attention to the catastrophic events that led to the loss of 72 lives in June 2017. The report is expected to contain 1,700 pages worth of scrutiny over the conditions that allowed the fire to spread so [...]
FCA under pressure to close cases into senior management amid name and shame row September 2, 2024 The City watchdog is under pressure to punish more bosses for flouting its rules after new figures revealed it had closed only half the investigations opened over the past seven years. Under the watchdog’s senior manager’s regime, introduced in 2016 in response to the financial crisis, staff in positions of power at financial services firms [...]
The City’s first Pepys Day commemorates a great Londoner and a resilient capital September 2, 2024 Samuel Pepys fundamentally shaped how we think about the City, let's celebrate him this Pepys day, writes Lord Mayor Michael Mainelli.
Sometimes, the right CEO is worth a private jet September 2, 2024 Starbucks CEO Brian Niccol has attracted controversy for commuting by private jet, but in an increasingly complicated global business environment it can take sky-high perks to attract the right talent, says Katie Sharpe Finding the perfect CEO in the corporate world is a mission that requires as much creativity as it does mere financial resources. [...]
Hewlett Packard set to pursue Mike Lynch’s widow for up to £3bn September 1, 2024 Hewlett Packard Enterprise (HPE) is set to pursue the widow of Mike Lynch for up to $4bn (£3bn) in a continuation of its long-running claim against the UK tech mogul following his death in the Bayesian yacht sinking.
John Lewis has ‘no plans’ to cut more jobs September 1, 2024 John Lewis has branded claims it is planning to cut more jobs and restructure its management team as "wholly inaccurate".