North Sea round-up: Harbour Energy announces cash bonanza while Shell keeps Cambo stake March 17, 2022 Harbour Energy, the biggest oil and gas producer in the UK North Sea, has revealed it should generate up to $1.7bn (£1.29bn)
Johnson and Sunak announce as large a tax hike in two years as Blair and Brown did in a decade March 17, 2022 In just two years, Prime Minister Boris Johnson and Chancellor Rishi Sunak have announced the same amount of tax hikes as Tony Blair and Gordon Brown did in a decade, reveals fresh research published today. The Conservative duo will swell the UK’s tax burden by around two per cent of GDP after national insurance and [...]
City Moves: Who’s switching jobs in the Square Mile? March 17, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Intuit QuickBooks Technology platform Intuit QuickBooks has hired a marketing veteran as its new UK marketing director. Based in London, Faith Wheller is set to bolster the firms growth strategy for the UK. Wheller, formerly of US tech [...]
Tara Cemlyn-Jones takes aim at the gender gap March 16, 2022 This article first appeared in ICAS’ CA magazine. Fintech specialist and former investment banker Tara Cemlyn-Jones co-founded the 25×25 initiative with a target of 25 female FTSE 100 CEOs by 2025. She talks to Lysanne Currie about the progress made and the critical role of data. Just over two years ago, prior to pandemic lockdowns, a [...]
Lloyds of London hands out biggest fine ever following years’ long bullying campaign March 16, 2022 City of London insurance market Lloyds of London today issued its largest fine ever against syndicate member Atrium, after the underwriting firm failed to “adequately protect” a junior employee once it became aware of a “systematic campaign of bullying”. In a notice, Lloyds of London said it had fined Atrium Underwriting a record £1.05m for [...]
EU nations reach agreement on carbon tax March 15, 2022 French President Emmanuel Macron has revealed that European Union (EU) member states have reached an agreement on a carbon tax.
Crypto scams reported to UK watchdog double in a year to top 6,300 March 15, 2022 Crypto scams are on the rise in the UK with the number of reports doubling last year amid an explosion of interest in digital assets.
City Moves: Who’s switching jobs in the Square Mile this week? March 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. MillTechFX Fintech affiliate of Millennium Global Investments, MillTechFX, has appointed a former HSBC CEO to its international advisory board. Stuart Gulliver is set to draw upon his 38 years of international finance experience to help the fintech execute its global expansion plans. After joining HSBC in 1980, [...]
Kara Komarni – creating good mental health habits for the metaverse generation March 14, 2022 VR specialist Kara Komarni discusses using the metaverse for mental health, and harnessing technology-driven change.
Charity supporting young disabled people into work gets £100k boost from City March 14, 2022 A London charity supporting young disabled people’s job prospects has received a £100,000 boost. Bromley Mencap was given the funding from the City of London Corporation’s charity funder, City Bridge Trust, following unprecedented demand during the pandemic. The organisation received 1,200 new referrals last year – a 100 per cent increase, and will put the money [...]