Revolut and CMC Markets partnership up and running July 25, 2024 The partnership between CMC Markets and Revolut had already kicked off, with reports that some Revolut clients are already live and trading.
Worst corporate jargon of the week: Disruptor July 25, 2024 Offender: Disruptor Every one of us has been an email chain which is borderline unintelligible for the amount of corporate lingo thrown in there. At City A.M., we’re taking a stand and calling out the worst jargon which travels around the City faster than you can drink an overpriced pint. This week: disruptor. What does [...]
Reform UK’s Habib prepares for activist investor scrap July 25, 2024 Ben Habib is not a man averse to a fight. Five months ago, Reform UK’s then deputy leader was standing atop a battle bus in Wellingborough laying siege to the record of the Tories and shouting up the benefits of lower income tax and the dangers of net-zero. The months since then have not been [...]
UK deal value skyrockets to £68bn as buyers pounce on bigger targets July 25, 2024 UK M&A value skyrocketed in the first half of 2024, rising by two thirds, despite the number of deals actually decreasing.
Treasury expands business engagement unit with new City team July 25, 2024 The Treasury has created a new team to engage with City firms as the new Labour government looks to bulk out the department’s business engagement unit, City A.M. can reveal. It is understood that more staff have been moved into business engagement roles since the election as the new government tries to make good on [...]
The business case for the King July 25, 2024 In a cost of living crisis, headlines suggesting that the King is set for a “£45m pay rise” funded by taxpayers are bound to rankle – but they are misleading. The monarchy is not funded out of the public purse in the ordinary sense. The money the King receives – the Sovereign Grant – is [...]
Taylor Wessing over half-way to €1bn revenue target July 24, 2024 Law firm Taylor Wessing reported its record global high revenue of just over £481m (€562m), as it sets its eyes on becoming a €1bn revenue firm
Princes: Branson and Batchelors maker returns to profit as new owner gears up for £700m takeover July 24, 2024 Food and drink group Princes swung back into the black in the year before a £700m takeover was announced, according to newly-filed documents.
FRP Advisory financial results soar from mostly organic growth July 24, 2024 Double-digit growth all-round for FRP Advisory Group as it had a "very positive" year across all of service lines, with revenue shooting up by 23 per cent
US confidence in UK business environment improves but concerns over tax grow July 24, 2024 US confidence in the UK's business environment increased for the first time in two years, according to a survey, but American firms were also increasingly nervous about the tax regime.