City holds off on big bets ahead of knife-edge US election November 4, 2024 City of London traders are refraining from big bets on US government debt and the dollar as the US election enters its final days on a knife edge, analysts have told City AM. With the last election taking four days to call, and polls suggesting Donald Trump and Kamala Harris are neck and neck heading [...]
Star stockpicker Richard Penny ditches asset manager November 4, 2024 Star stockpicker Richard Penny has ditched his asset manager Lansdowne Partners to move to Oberon Investments Group. Penny and his investment team will join Oberon while continuing to manage the £28m CRUX UK Special Situations, the £21m CRUX UK Core and the £7m CRUX UK Smaller Companies funds. Oberon, a little known name in the [...]
Expect anti-growth policies whoever wins the US election November 4, 2024 The result may be too close to call, but both Kamala Harris and Donald Trump are proposing measures that could damage the US economy, says Kallum Pickering As America heads to the polls today, markets are still guessing about who will win. Last week, it looked like Republican candidate Donald Trump had nosed ahead. But [...]
HMRC takes Royal Bank of Canada to the UK’s highest court over corporation tax November 4, 2024 The tax agency has taken the Canada's largest bank to the UK Supreme Court over corporation tax payments on a North Sea oil production
COP29 will determine who pays for net zero November 4, 2024 Policymakers are descending on Baku for COP29 to mobilise finance to support climate action in developing countries – and London is leading those efforts, says Chris Hayward Hundreds of ministers, policymakers and financiers descending on Baku this month for COP29 will be met by an in-tray of crucial climate policy decisions. Dubbed the ‘finance COP’, [...]
If you want more women in the City, vote for us November 4, 2024 These eight women are channelling the spirit of Boudica and standing for election to the City of London Corporation I am a barrister working from Chambers in the City of London. I also happen to be the 376th woman to become a King’s Counsel. The fact that I am a woman should have nothing to do [...]
Calls for audit reform grow after ISG found to owe £1bn November 3, 2024 Construction giant ISG collapsed with debts over a billion pounds, newly published filings have shown, prompting fresh calls for audit reform. ISG, which specialised in delivering government contracts projects like London’s velodrome, went bust in September after attempts to secure a rescue deal failed. The demise of ISG was the largest and most significant collapse [...]
Reeves to lay out pensions overhaul in Mansion House speech November 3, 2024 Rachel Reeves will reportedly propose an overhaul of Britain's pension fund industry in her first Mansion House speech as the government tries to unlock billions of pounds worth of investment.
Don’t be fooled – Britain’s entrepreneurs are here to stay November 2, 2024 The run-up to this week’s highly-anticipated Budget was filled to the brim with an overwhelming amount of uncertainty. But what's really next for Britain's entrepreneurs?
City AM Budget Breakdown: How Rachel Reeves’ decisions will impact business November 1, 2024 In partnership with Camarco, City AM unpicked the key policies of Rachel Reeves' first budget and how they will impact business.