Davos: Reeves defends fiscal rules and says Heathrow expansion is ‘pro-growth’ January 22, 2025 Rachel Reeves has insisted the UK would continue to meet her “fiscal rules”, describing them as the “bedrock” of the stability she aims to restore to the economy and public finances. The Chancellor spoke at a Bloomberg event at the World Economic Forum in Davos, as the Office for National Statistics (ONS) said public sector [...]
UK economy: Borrowing overshoots expectations as interest bill spikes January 22, 2025 The figures come shortly after a bout of instability in the gilt market.
The future is free market populism January 22, 2025 Javier Milei, Pierre Poilievre and, of course, Donald Trump are at the vanguard of a new movement for free-market populism gaining support across the world, says Fred de Fossard The inauguration of President Trump for his second term is the latest development in the trend of a new type of free-market populism gathering momentum across [...]
Why commuter trains are the best place to gather market intelligence January 22, 2025 From overheard conversations to poorly concealed laptop screens, the morning commute is a rich source of leaked information, says Sam Turvey Every year my communications consultancy puts out a global M&A leaks report highlighting where in the world leaks are most prevalent, and speculates on why people leak confidential information. A debate normally ensues about [...]
Waterstones: Return to the office helps profit almost quadruple January 21, 2025 The return of employees to offices in major UK city centres helped profit almost quadruple at Waterstones during its latest financial year. The bookseller cited the trend of the return to work as a key factor in its pre-tax profit surging from £11.2m to £42.9m in the 12 months to 27 April, 2024. In newly-filed [...]
Stuart Rose is wrong: the world has moved on from the shop floor January 21, 2025 Stuart Rose has claimed that remote working is “not proper work”. That may make sense for retail but it’s wide of the mark when it comes to legal and financial services, says John Hayes Stuart Rose, the former head of supermarkets, Asda, Ocado and M&S and one of the most influential retailers of the past [...]
New frameworks and updates to help European companies achieve compliance faster January 21, 2025 To build customer trust, companies doing business in Europe must establish and maintain compliance with cybersecurity frameworks. However, changing regulations and new frameworks make managing compliance even more complex and burdensome for overworked security teams. To stay ahead and compete on a global stage, European companies need the right technology, local expertise, and trusted partnerships. [...]
Sterling suffers as first Trump tariffs set for February introduction January 21, 2025 In response to questions about the potential timing of new tariffs, he said: "I think we'll do it 1 February".
UK court rejects SocGen’s plea to move £118m row with Clifford Chance to France January 21, 2025 The English Court of Appeal has rejected French bank SocGen plea to move its negligent claim against magic circle law firm Clifford Chance a French court
Bridgewater founder Ray Dalio: UK economy at risk of ‘debt death spiral’ January 21, 2025 Ray Dalio, founder of hedge fund Bridgewater Capital, warned that the UK economy was at risk of a “debt death spiral” following the recent bout of bond market instability. In an interview with the Financial Times, Dalio warned that the government faced the prospect of having to borrow more and more from financial markets in [...]