Deliveroo boss: London founders are still the best in the business August 4, 2023 London as a location to both conduct business and start a business is increasingly a hot topic. Having started Deliveroo in London a decade ago and listing the business on the London Stock Exchange eight years later, I’ve seen firsthand how the start-up scene here works. I still firmly believe that London is brilliant for [...]
Bank of England interest rate decision today on a knife edge, City economists predict August 3, 2023 As the City gears up for what everyone expects to be the Bank of England’s 14th straight interest rate rise at midday today, economists are split over how much more pain they think the group of rate setters will heap on the UK economy. Are the Monetary Policy Committee (MPC) poised to meet market expectations [...]
Robert Walters posts 60 per cent profit slump as economic woes clobber recruitment August 1, 2023 A recruiter that is often viewed by analysts as a bellwether for the UK jobs market has posted a 60 per cent drop in profits as a result of firms trimming hiring amid the economic slowdown. Robert Walters, which specialises in sourcing talent for the City’s biggest banks, brokers and insurers, said today operating profits [...]
The Global Ecosystem of Insurance August 1, 2023 “Insurance is a three hundred, four hundred, year old industry,” Richard Wheeler, Aon’s co-leader of Global Re Specialty reflects. “But the opportunities ahead still significantly outweigh the journey that the market has been on. Because everything requires insurance.” Wheeler would know. In his role he ranges across global challenges, in the world’s richest and poorest [...]
BT appoints first woman boss in 170-year history as Allison Kirkby to continue long-term fibre strategy July 31, 2023 BT has announced a successor for outgoing boss Philip Jansen, as Allison Kirkby, a former chief of Nordic telecoms giant Telia. The ailing British telecoms group appointed its first female boss in its 170 year history, who will take the reins from Jansen starting January 2024 “at the latest”. Jansen will continue to serve until [...]
Move faster on data sharing or watch rivals ‘leapfrog’ the UK, competition tsar warns July 31, 2023 John Penrose, the government’s competition tsar, has urged the government to move faster in enabling the safe sharing of customer data or watch global competitors “leapfrog” the UK. Alongside a coalition of business groups – including the Payments Association and Open Banking Excellence – Penrose argued that the Data Protection and Digital Information Bill needs [...]
Can the supermarkets ever overcome accusations of profiteering? July 28, 2023 Food producers are unwilling to pass on price drops as they battle oscillating and chaotic costs for supplies that they have little control over.
City workers pocket above average 13 per cent pay rise as financial services jobs tumble July 27, 2023 City workers pocketed an average 13 per cent pay increase when switching jobs over the last quarter, a rise that is above the national average, new research out today shows. Salary increases handed down to new starters at the Square Mile’s banks, brokers and insurers have ebbed over the last year as activity in the [...]
From creche to healthcare, companies have renewed a social contract to staff July 27, 2023 Companies should start considering their responsibility to provide good quality healthcare for their staff, whether that's supporting them with mental health, on-site creches or eldercare, writes Eliza Filby
Three quarters of UK small businesses want to spread their deposits after SVB collapse, research shows July 26, 2023 Three quarters of small businesses in the UK are considering spreading their deposits among a range of different banks following March’s banking crisis. According to new research from payments provider Neo, 75 per cent of UK SMEs are considering diversifying their bank pool while six per cent already have. Neo surveyed 100 CFOs and treasurers [...]