Hospitality ranks bottom for UK wages as sector struggles with costs June 3, 2025 Hospitality workers are now the worst-paid employees in the UK as the sector continues to struggle with high costs. A combination of high energy prices, high wholesale prices and high taxes have squeezed margins in the last two years, making it hard for a sector pummelled by the pandemic to recover. Accommodation and food service [...]
Foreign companies drive £19bn M&A surge as UK firms ‘attractively valued’ June 3, 2025 Takeovers of British firms reached the highest level in nearly three years as several multi-billion pound transactions made by foreign companies pushed up the value of mergers and acquisitions (M&A), official data has shown. Inward M&A deals in the first three months of the year exceeded £19bn, nearly four times that seen in the last [...]
Bankrupt council faces multi-million-pound fraud probe June 3, 2025 The Serious Fraud Office has commenced an investigation into an alleged multi-million-pound fraud committed against Thurrock Council.
Water industry requires fundamental reset, review finds June 3, 2025 There is no single change radical enough to deliver the “fundamental reset” needed by the UK’s water industry, a much-anticipated review into the sector has found. The Cunliffe review has been led by former Bank of England deputy governor Sir John Cunliffe and is the largest since the sector was privatised in the late 1980s. [...]
Mastercard: Fraud attempts jump as retailers feel cyber attack sting June 3, 2025 The head of artificial intelligence at Mastercard said the payment giant had seen a surge in fraud attempts, which follows a string of cyber attacks on major retailers. Greg Ulrich, chief data and AI officer at Mastercard, told City AM the payments network is “attacked perpetually” by fraudsters. The payments network recorded a 40 per [...]
JP Morgan launches risk-rated investment portfolios June 3, 2025 JP Morgan plans to scale up its UK investment offering after fresh research revealed a huge frustration among UK retail investors. The lender found nearly one in six UK investors were unsatisfied with the income they received from investments, despite two-thirds saying the income from investing was important. The firm is using its Asset Management [...]
Don’t rely on the FCA to stamp out toxic workplace culture June 3, 2025 City bosses shouldn't wait for the FCA to stamp out toxic workplace behaviour, writes Lucy McNulty in today's Notebook.
Gone phishing: the rise of retail cyber crime in three charts June 2, 2025 In the past month alone, cyber attacks have gone from occasional headlines to near-daily national news fixtures. Marks and Spencer’s, Co-op, Harrods – along with international names like Dior and Coinbase – have all recently fallen victim to cyber incidents. Retailers in particular have found themselves in the cross hairs, and while not every incident [...]
Lloyd’s of London new CEO sets out vision and new executive team June 2, 2025 Patrick Tiernan kicked off his first day as Lloyd's new chief executive with a letter, telling the market his aim "is to make working at Lloyd's always feel special"
Non-dom exodus could blow ‘black hole’ in public finances June 2, 2025 At least 10 per cent of the UK’s non-doms left the UK last year following Rachel Reeves’ crackdown on the tax status, new research claims, a rate which if continued into this year would wipe out the Chancellor’s fiscal headroom. According to the Chamberlain Walker study, conducted by former Treasury economist Chris Walker, a minimum [...]