Ex-BCG partner Marcus Bokkerink tipped as next competition watchdog chair May 31, 2022 Retired senior partner at Boston Consulting Group has been named as the next chair of Britain's competition watchdog.
US chipmaker Qualcomm eyes Arm stake and takeover May 31, 2022 US chipmaker Qualcomm is reportedly looking to buy a stake in the UK’s semiconductor darling Arm. “We’re an interested party in investing,” Cristiano Amon, Qualcomm’s chief executive, told the Financial Times last night. “It’s a very important asset and it’s an asset which is going to be essential to the development of our industry.” Amon [...]
The City View: Sainsbury’s to cut prices, and the importance of UK private equity May 30, 2022 Today Andy Silvester talks to Michael Moore, Director General at BVCA. They discuss the scale of private equity and venture capital in the UK, their importance in the UK’s employment market, and how vital they are for companies looking to scale up. And in the headlines: Sainsbury’s CEO Simon Roberts has said that the supermarket [...]
City Lord Mayor says ‘the word London shouldn’t be an insult’ May 30, 2022 The words “metropolitan and London” should not be used as an insult and the capital needs to share in the government’s levelling up programme, according to London Lord Mayor Vincent Keaveny. Keaveny will tonight tell the annual London government dinner at Mansion House that “London is one of the UK’s strongest assets – anything which [...]
Revealed: HMRC now tracking 277 UK businesses it suspects of using tax havens to reduce tax bills May 30, 2022 HMRC is now tracking 277 British businesses it suspects of using ‘tax havens’ to artificially reduce their tax bills in the UK, according to a City law firm. HMRC is concerned that some UK businesses are still avoiding tax in the UK by recording income in countries with zero or near-zero corporation tax. Countries traditionally [...]
FTSE 100 continues rally as markets boosted by relaxing of China’s Covid measures May 30, 2022 London’s FTSE 100 hit its highest level in a month, buoyant by 0.4 per cent, as the relaxing of Covid restrictions in China boosts confidence across international markets. The capital’s premier FTSE 100 index climbed to 7615.82, having closed at 7,585.46 on Friday. British Airways owner International Airlines Group led the charge with a three [...]
The Platinum Jubilee will be a moment to reflect on what makes us stronger together May 30, 2022 The eyes of the world will be on London this week as we prepare for the Platinum Jubilee – a truly historic occasion where the country will come together to celebrate Her Majesty’s extraordinary seventy years of service. Here in the City, a national service of thanksgiving at St Paul’s Cathedral and many other festivities [...]
Exit fees get the axe from top grad recruiters May 29, 2022 Graduate recruitment firms are scrapping exit fees as the fight for talent heats up and campaigners call out corporations for ‘trapping’ young people.
Unlucky hand continues for Mayfair’s Park Lane casino May 29, 2022 Park Lane casino is reportedly on the verge of collapse as the swanky London hot spot struggles to carve a post-pandemic path.
Ex-banker turned GoCardless president Paul Stoddart talks fintech, Brexit, pandemic recovery and Russia May 28, 2022 At the start of this month, Paul Stoddart jumped ship to become the president of the newly-minted fintech unicorn GoCardless. Stoddart, who describes himself as a “banker by trade,” spent years at Natwest, Barclays, and was most recently the chairman of Mastercard’s VocaLink. In an exclusive interview with City A.M., Stoddart said that joining GoCardless [...]