MS Reinsurance reports ‘excellent’ year with improved combined ratio and net profit increasing to $415 million May 20, 2026 Global reinsurer MS Reinsurance announced today that it produced a net profit of $415 million after tax for the year ended 2025, compared to $346 million for the year ended 2024. The announcement follows on from the release by ultimate parent company, MS&AD1, of the insurance group’s consolidated financial results for the full year 2025 [...]
Usercentrics Appoints Pawan Hegde as COO and Promotes Elena Ignatova to CPTO May 20, 2026 Usercentrics, a leading data privacy technology company, today announced the appointment of Pawan Hegde as Chief Operating Officer and the promotion of Elena Ignatova to Chief Product and Technology Officer (CPTO). Both appointments accelerate the company’s U.S. expansion and mark a new phase of growth as Usercentrics scales its platform to meet the demands of [...]
Starmer eases sanctions on Russian oil despite calls to ramp up North Sea drilling May 20, 2026 Keir Starmer is to allow Russian imports of diesel and jet fuel in a major softening of what has been a hardline stance towards Russia since its invasion of Ukraine in 2022. A licence issued on Wednesday will allow such products to enter the UK “indefinitely”, as long as the oil has been refined in [...]
Inflation drops as Labour subsidies delay price surge May 20, 2026 Inflation dropped slightly compared to the result in the month before as Chancellor Rachel Reeves’ Budget policies stalled an expected surge in price growth. The Office for National Statistics revealed that the consumer price index (CPI) reading was 2.8 per cent, lower than expected by City forecasters. The data for price growth in the year [...]
As it happened: FTSE 100 rises as oil slips; Analysts warn of ‘short-lived’ inflation drop May 20, 2026 Good morning and welcome back to the City AM liveblog. The City has welcomed news of undershooting inflation this morning, but warning signs already suggest it’s a temporary blip. The Consumer Price Index rose 2.8 per cent in the 12 months to April, that’s under the three per cent pencilled in and a major drop [...]
Job cuts at Big Four firms fuel worker burnout May 20, 2026 Job cuts at professional services firms are resulting in overworked staff, but the pressures – combined with increased reliance on AI – risk damaging firms’ reputations through mistakes, writes Maria Ward-Brennan. The professional services industry, especially the Big Four giants, has faced its fair share of job cuts, with thousands of roles laid off in [...]
Brits aren’t spending enough – time for Splash Out to Help Out May 20, 2026 Household debt has declined and people have stopped spending on productive things like home improvements but also in leisure. That’s bad news for the public finances, so the government should look at ways to incentivise spending, says Tim Sarson Brits have stopped spending. After the great financial crisis in 2008 we collectively decided to zip [...]
The Debate: Is Gen Z right to reject corporate culture? May 20, 2026 Late, rude and unproductive, Gen Z has gained quite the reputation in the office. But are they right to challenge corporate culture?
America wants what Britain does best: Creativity May 20, 2026 From where I’m standing in LA, “Made in Britain” isn’t a weakness. It’s a selling point. We've got to talk up our creative industries more.
Conservatives have the right diagnosis, but can they cure Britain’s ailments? May 20, 2026 Mel Stride has set out his vision for the economic future of the UK, Matthew Bowles gives his analysis Westminster has spent much of the past week discussing the emergence of a supposed “Burnham premium” on British borrowing costs – the suggestion being that the mere prospect of Andy Burnham returning to national politics could [...]