Pound slumps as City cuts Bank of England interest rate bets after shock inflation fall July 19, 2023 Pound sterling today has tumbled sharply in response to markets reining in their expectations for further interest rate hikes from the Bank of England. Britain’s currency shed nearly one per cent against the US dollar, its largest fall in months, to buy $1.29. It was down a similar amount against the euro at €1.15. The [...]
Some degrees are useless, but it’s the 2:1 obsession we really need to leave behind July 19, 2023 Creeping credentialism reinforces the narrative that a degree is the most reliable route into an ever-increasing number of jobs.
FTSE 100 close: Ocado drags London index into black as markets brace for inflation data July 18, 2023 London’s FTSE 100 squeezed out gains today that have pushed it back into the black in 2023, propped up by shares in online grocer Ocado soaring after a decent set of results. The capital’s premier index jumped 0.64 per cent to 7,453.68 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with [...]
London’s music renaissance is a magnet for tourism – not to mention Taylor Swift fans July 18, 2023 London is coming back as the key European capital for music - and that's good news for artists, for Londoners and obviously for Taylor Swift fans, writes Jamie Njoku-Goodwin
Post Office scandal: Government urged to sort compensation delays for victims July 17, 2023 Sir Wyn Williams, chair of the Post Office Horizon IT inquiry, has called on the government to address compensation issues faced by sub-postmasters affected by the scandal. In an interim report presented to parliament today, Williams recommended legislative changes and stronger support for the Horizon Compensation Advisory Board. He brought forward the investigation of compensation [...]
Ripple notches landmark ruling with XRP as Google Play opens door for NFTs July 17, 2023 Data from CryptoCompare shows the price of the flagship cryptocurrency Bitcoin (BTC) moved sideways throughout the past week.
National Audit Office launches probe into FCA as regulator sizes up crypto and AI July 17, 2023 The National Audit Office (NAO) has launched a probe into the functions of the City regulator as its remit swells to take on oversight of technologies like cryptoassets and artificial intelligence.
FTSE finance chiefs: Rates, inflation and growth squeeze C-suite confidence July 17, 2023 Ratcheting up interest rate expectations and intense fears about sticky inflation has hobbled FTSE finance chiefs’ optimism, a closely watched survey out today shows. Confidence among chief financial officers (CFO) of FTSE-listed companies has tumbled over the last quarter, according to consultancy Deloitte. Optimism among money managers at Britain’s largest businesses has eroded to net [...]
The Square Mile and Me: Paragon Bank CEO Nigel Terrington talks paper rounds, The Lamb and office faux pas July 13, 2023 We dig into the memory bank of the City’s great and good: this week, Nigel Terrington, chief executive of Paragon Bank, takes a stroll down memory lane. What was your first job? I was a paper boy, aged around 14, in Surrey. I had to get up ridiculously early and the biggest challenge was to [...]
Businesses need to stop looking for a public pat on the back and gold stars July 13, 2023 Businesses must realise that just bragging about how good they are is not a great communication strategy. They won't win a gold star for just doing their job, writes Simon Neville