Investec expand rugby portfolio with SOHK kids tournaments March 28, 2025 Investec has strengthened its rugby portfolio, backing education inclusion charity School of Hard Knocks’ (SOHK) girls’ and boys’ spring rugby tournaments. The FTSE 250 bank, whose London office sits on Gresham Street in the Square Mile, featured at the tournament’s on 27 and 28 March at east London’s Eton Manor RFC. It added to their [...]
‘A failed operator’: CrossCountry repeatedly missed own performance targets despite cutting services March 28, 2025 Struggling rail operator CrossCountry has repeatedly breached its own performance targets despite cutting services late last year as part of a recovery plan, City AM understands. The former Transport Secretary, Louise Haigh, approved proposals by the operator to run a reduced timetable for three months between August and November after its performance was labelled “dire.” [...]
New tax rules set to hit crypto in 2025 March 28, 2025 As the UK tightens the screws on cryptocurrency taxation, investors and policymakers find themselves at odds over the future of digital finance. From April, around 12 per cent of UK crypto holders could face a hefty 24 per cent capital gains tax (CGT) rate – part of a broader tax squeeze that some argue is [...]
Spring Statement 2025: Rachel Reeves’ popularity nears Kwasi Kwarteng levels March 28, 2025 Rachel Reeves’ popularity rating as Chancellor has neared Kwasi Kwarteng levels after the mini-Budget, following the Spring Statement on Wednesday. She set out £14bn in welfare and spending cuts in the House of Commons, including a £4.8bn squeeze on benefits, to restore the £9.9bn headroom she had at the Autumn Budget, which would otherwise have [...]
Lloyds sends 200 senior staff to Cambridge University for AI bootcamp March 28, 2025 Lloyds Banking Group has set out plans to send over 200 senior employees on an 80-hour AI bootcamp at the University of Cambridge. The FTSE 100 lender has joined with education technology firm Cambridge Spark for a “bespoke six-month training programme” to enhance AI capabilities across its management. The first cohort of 30 Lloyds leaders [...]
Trump slaps sanctions on WilmerHale over Robert Mueller connections March 28, 2025 WilmerHale is the latest Big Law firm slapped with an executive order over its connections with the man who investigated Russia's election meddling
Rachel Reeves has already lost half of her £9.9bn headroom March 28, 2025 Chancellor Rachel Reeves has had £5bn wiped off her headroom less than 48 hours after she delivered her Spring Statement, a calculation by Bloomberg Economics has suggested. Chancellor Reeves has received several warnings from leading economists at the Office for Budget Responsibility (OBR) and the Institute for Fiscal Studies (IFS) that her headroom risks getting [...]
UK growth nearly stagnant in last quarter of 2024 March 28, 2025 The UK economy barely grew in the final quarter of 2024 as estimates remained unchanged, figures from the Office for National Statistics (ONS) said. Chancellor Rachel Reeves has vowed to deliver growth “further and faster”. But Reeves has faced a rocky start as GDP only grew by 0.1 per cent between October and December. Previous [...]
Retail sales beat expectations as Brits keep shopping March 28, 2025 Retail sales volumes beat expectations in February as British shoppers seemed to loosen their spending habits, according to the Office for National Statistics (ONS). Retail sales rose one per cent month-on-month after rising 1.4 per cent in January. Markets had expected a decline of 0.3 per cent. Annual retail sales growth came in at 2.2 [...]
Has art saved your life? TfL wants to hear March 28, 2025 Art can save lives, sometimes literally (see above), TfL's art scheme is more than worth celebrating, writes James Reed.