The Ned boss Gareth Banner interview: This brand is just getting started July 24, 2025 “Ten years ago, people would have laughed at the idea of doing something like this…” Gareth Banner is talking about City AM’s new Toast the City Awards celebrating all the things that make the Square Mile great, for which he has signed on as a judge. And Banner knows a thing or two about the [...]
Rachel Reeves is lost in space July 24, 2025 Rachel Reeves said was steering the economy past a black hole but her calculations are off and we’re heading for the abyss, says Helen Thomas One year ago, the new UK Chancellor declared that upon taking office she had discovered a £22bn fiscal black hole. She told parliament in her first big speech, “If left [...]
Christopher Ward: US sales surge for luxury watchmaker July 23, 2025 Sales at luxury watchmaker Christopher Ward jumped by 50 per cent in its latest financial year fuelled by huge growth in the US. The business, which was founded by Christopher Ward, Mike France and Peter Ellis in 2004, has posted a turnover of £45.3m for the year to 31 March, 2025, up from the £30.5m it achieved in [...]
London Foundation for Banking & Finance appoints new trustees July 23, 2025 The London Foundation for Banking & Finance (LFBF) has appointed three new trustees, drawing from the top ranks of the finance, insurance, and private equity sectors. Stephen Mann, Quentin Nason and Steve Darrington were named as the newest members of the foundation’s board of trustees. Mann, a seasoned insurance executive and former CEO of the [...]
Heathrow: Earnings jump despite cost warnings July 23, 2025 Heathrow Airport’s earnings before interest, taxes, depreciation and amortisation (EBITDA) edged up by 0.8 per cent in the first half of the year compared to the first six months of 2024 despite fears energy bills and maintenance costs would deal a blow to its growth. The airport previously predicted a hit to its earnings, warning [...]
Starmer must face down the self-righteous clowns on his back benches July 23, 2025 Keir Starmer’s attempt to select compliant MPs has backfired, producing a rebellious and ill-informed parliamentary party that has already successfully vetoed its own government’s economic policy, says Paul Ormerod A fundamental feature of the social and economic world is that intentions are not the same as outcomes. Morgan McSweeney and his colleagues exercised very close [...]
Rachel Reeves: It’s not progressive to pay off US hedge funds for debt July 22, 2025 Chancellor Rachel Reeves has said there is “nothing progressive” about paying off US hedge funds which hold government bonds, hours after the Office for National Statistics (ONS) revealed debt interest payments in June were double levels seen at the same time last year. In a hearing at the Economic Affairs Committee, Rachel Reeves said she [...]
Brits back tax incentive plan to stop wealthy investors fleeing UK July 22, 2025 Two thirds of Britons support offering rich investors tax incentives to stop them leaving the UK, according to a new report, as the government has been urged to design a special scheme to boost UK growth. In a new paper by Onward and the Adam Smith Institute, around 67 per cent of the British public [...]
FCA urges UK insurers to improve motor insurance claim handling July 22, 2025 UK insurers have been urged to improve their claim handling skills after the UK’s financial watchdog found “concerning evidence” of poor practice in the motor insurance market. The Financial Conduct Authority (FCA) said hikes in motor insurance premiums were down to how claims are handled by insurers, adding that “insufficient management information” was resulting in [...]
Fraud risk surges as leaked files expose UK firms July 22, 2025 London’s cyber watchdogs are sounding the alarm over a growing wave of corporate data breaches, as new research reveals the vast majority of leaked datasets now include sensitive financial and personal files, fueling a sharp rise in fraud, cybercrime and reputational risk. A landmark study published on Tuesday by Lab 1, an AI-driven cybersecurity platform, [...]