Two-tier taxes are not the way to get Britain back to work June 16, 2026 Reform’s plan to cut employer National Insurance for Brits but not immigrants is not the way to fix unemployment. Lower jobs taxes for everyone would be better, says Joanna Marchong Reform’s pitch has been consistent from the start. Brits first. Patriotism is a universal solvent for problems that are, on inspection, structural rather than national. [...]
‘Political point-scoring’ over bank rules risks investment exodus, top Nomura exec warns June 16, 2026 London’s biggest financial institutions could shift operations away from the UK if the government intensifies its regulatory grip on the City, a top City banker has warned. Chris Barlow, head of legal and compliance at Japanese bank Nomura’s European arm, said “short-termism and political point-scoring” in Westminster over financial regulation could exacerbate the burden faced by [...]
Investors ‘reluctant’ to splash cash on UK banks amid crisis in Number 10 June 15, 2026 UK banks’ stock prices are being slapped with a political risk premium, City analysts have warned, as turmoil in Downing Street threatens to rock the sector. The FTSE 350 bank index has had a choppy start to the year with financial stocks facing a hammering from the Iran war as investors trimmed their equities exposure. [...]
Jenrick vows to partly undo Reeves’ £25bn employer NICs rise – for Britons June 15, 2026 Reform UK’s Robert Jenrick has said the party would undo Rachel Reeves’ £25bn tax rise on employers’ national insurance contributions – but only when employers hire British workers. Jenrick said Reform was set to put “British workers first, migrant workers second” by reforming tax to treat Britons differently to workers taken from overseas.” Reform’s Treasury [...]
Alkermes Announces Orphan Drug Designations for Alixorexton in the U.S. and Europe June 15, 2026 Alkermes plc (Nasdaq: ALKS) today announced that alixorexton, a novel, investigational, oral, selective orexin 2 receptor (OX2R) agonist in development for the treatment of narcolepsy type 1 (NT1), narcolepsy type 2 (NT2) and idiopathic hypersomnia (IH), was recently granted orphan drug designations (ODD) from leading regulatory bodies in the U.S. and Europe. The U.S. Food [...]
Nocturne London dazzles as riders take in Square Mile June 15, 2026 The Square Mile was transformed into an Olympic-style time trial cycling circuit at the weekend as Nocturne returned to the City of London. The festival of cycling saw two days of racing around the capital, with XTX Markets winning the City Criterium – a pro-am team event – and Ned’s Club coming home first in [...]
Northern Trust Receives Approval for New EU Banking Branch in Ireland June 15, 2026 Northern Trust announced today that it has received a licence from the Central Bank of Ireland for the establishment of The Northern Trust Company, Ireland Branch (Ireland Branch). This new banking branch will provide a range of custodial, banking and capital markets services, including domestically regulated banking services for Ireland-domiciled clients. Its activities will complement [...]
Government should fix ‘stubbornly weak’ growth with policy test, industry body argues June 15, 2026 The British Chambers of Commerce (BCC) is calling on the government to break decades of low economic growth by introducing a new delivery test, as businesses continue to slash investment under the burden of mounting costs. In the BCC diagnoses, the UK’s growth problem is not a lack of potential but a failure to turn [...]
M&G Extends Relationship with SS&C to Support Platform Operations June 11, 2026 SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has expanded its longstanding relationship with M&G, a leading savings and investment firm. SS&C will take on the operational management of the M&G Platform, strengthening service delivery and operational resilience. M&G retains full ownership of the Platform and responsibility for all key strategic, regulatory and commercial [...]
Kennedys tops £450m global revenue as Middle East conflict helps drive growth June 10, 2026 Law firm Kennedys has reported its 12th consecutive year of growth, surpassing £450m for the first time, with the Middle East conflict partly driving revenue. The City-headquartered firm, which specialises in advising the insurance sector, has generated £457m for the financial year 1 April 2025 to 31 March 2026, up from £428m in the previous [...]