Etoro chief: UK should do more if it wants us to float in London August 29, 2024 Etoro is weighing up whether to list in London or New York, but is hoping the UK government will do more to empower capital markets.
CBI: Roadmap needed as firms struggle amid rising wealth tax rumours August 29, 2024 Publishing a long-term tax roadmap would address the “confidence shortfall” among UK firms, the Confederation for British Industry (CBI) has urged the government, amid swirling rumours of a wealth tax. Businesses are facing “cost pressures” and “middling conditions” and in need of a “major boost to confidence”, the CBI has said, following hints from Sir [...]
Founder Favourites: Founder of Admiral on how NOT to be a sh*tty boss August 28, 2024 In this episode of Founder Favourites, City A.M. sits down with Henry Engelhardt, the energetic businessman and founder of the UK’s largest specialist car insurer Admiral Group, to find out the secret to being a great boss.
UK financial regulator to review pure protection insurance market August 28, 2024 The City watchdog has announced a probe into the sale of pure protection insurance products amid concerns that "competition is not working well in the market".
Prudential hopes sluggish first half won’t stand in the way of ambitious targets August 28, 2024 The firm reported that new business profit fell three per cent in Hong Kong compared to last year, when there was strong growth in the wake of the pandemic.
City sounds alarm over Starmer’s ‘painful’ Budget warning August 28, 2024 City figures have sounded the alarm over the Prime Minister’s warning of a “painful” Budget this autumn, urging him not to “punish risk takers” and warning against “taxing wealth creators”. Sir Keir Starmer delivered his first major address from the No10 Rose Garden on Tuesday as he cautioned that the state of the public finances [...]
Britain missing out on billions of crypto tax revenue as HMRC fights back August 27, 2024 The UK could be missing out on billions in tax revenue from crypto investors that is currently going unreported. As Norwegian tax returns are public, recent research from Norway was able to find that 88 per cent of all Norwegian crypto investors fail to declare their holdings. While each tax-avoiding investor owed on average between [...]
‘Painful’ Budget ahead, Keir Starmer warns in gloomy No10 speech August 27, 2024 Sir Keir Starmer has warned Brits to expect a “painful” Budget this autumn as he insisted the state of the public finances is “worse than we ever imagined”. The Prime Minister addressed the nation from the No10 Rose Garden as he cautioned voters his government’s first fiscal statement would be “short-term pain for long-term good”. [...]
Listed firms could ‘miss out on £125bn’ by handing over pension funds to insurers August 27, 2024 A major pension scheme adviser has calcluated that listed firms with defined benefit pension funds could miss out on £125bn by making increasingly popular buy-out or buy-in deals with insurers.
Investors brace for Prudential results as stock price continues to disappoint August 26, 2024 Investors in insurance giant Prudential are bracing themselves for its half-year results this week after the company has struggled to keep its stock price stable over the last two years. The FTSE 100 constituent has seen its share price drop by nearly a third over the past year, slumping to its lowest point since 2012. [...]