FTSE 100 close: Easing in wage growth gives London markets a lift October 17, 2023 London's FTSE indexes climbed in early trade after new figures from the Official for National Statistics showed that pay growth was beginning to ease.
Rolls-Royce slashes up to 2,500 jobs in bid to ‘create more agile business’ October 17, 2023 Rolls Royce has announced plans to cut up to 2,500 jobs in a cost-cutting drive as it looks to streamline the business.
Wage growth ‘past its peak’ in boost for Bank of England’s attempts to contain inflation October 17, 2023 The rate of pay rises slowed from record levels in a boost for the Bank of England, but remained at elevated levels, official figures show. According to figures from the Office for National Statistics (ONS), average wage growth excluding bonuses was 7.8 per cent between June and August, down slightly from last month and in [...]
Higher debt interest payments means government will have ‘no room’ for tax cuts, IFS says October 17, 2023 The government will have "no room" for tax cuts as rising interest payments and slowing growth puts politicians in an increasingly tight fiscal space, the Institute for Fiscal Studies (IFS) has said.
Former Abellio chief: Here’s how to get British rail back on track October 17, 2023 Half a year on from leading a management buyout of the major Dutch rail and bus operator Abellio, Dominic Booth sits down with City AM.
With no wiggle room to cut or raise taxes, it’s time to sweat the small stuff October 17, 2023 When you have no room to make sweeping cuts, every change to taxes becomes hyper-political - like VAT on private schools or inheritance tax, writes Tim Sarson.
‘The death penalty is unhappy customers’: Dott chief on why London has lost control of its e-bikes October 16, 2023 The chief executive of Dott has described London’s e-bike market as “out of control,” after the group withdrew its vehicles from the capital.
New Basel banking rules will ‘advance competitiveness,’ PRA boss argues October 16, 2023 Sam Woods, chief executive of the main banking watchdog, argued that the competitiveness of the UK financial system will be advanced through the latest round of Basel reforms.
Taylor Swift film dominates box office with £6m opening weekend October 16, 2023 Taylor Swift has smashed more records with the opening of her 'Eras Tour' concert film, raking in £5.7m at the UK and Ireland’s box office.
UK law firms see billable hours fall as sector struggles with inflation October 16, 2023 The UK’s biggest law firms are concerned by a fall in billable hours this year as they struggle to cover cost pressures from inflation through pricing, according to a survey obtained by the Financial Times. PwC’s annual law firm survey, which City A.M. understands will be published on Tuesday, reportedly notes a slowdown in mergers [...]