More fintechs secure UK banking licences as Revolut struggles to get approval September 7, 2023 Two new challengers succeeded in securing banking licences from regulators today, raising more question marks for Revolut as it struggles to get approval from the City watchdogs.
British American Tobacco completes long-awaited exit from Russia, just 18 months late September 7, 2023 Around 2,500 people are employed in Russia, where the firm has 75 regional offices and a manufacturing facility.
UK risks losing £100bn of energy projects unless it cuts high taxes and red tape September 7, 2023 The UK risks missing out on as much as £100bn of investment in domestic offshore energy projects, an industry body has warned.
Tory mayoral hopeful Susan Hall says work has moved to a three-day office week September 6, 2023 Tory mayoral hopeful Susan Hall says work has moved to a three-day office week, despite many City bosses urging staff back into offices full-time.
SVB collapse and rising rates help fintech Clearbank double deposits in six months September 6, 2023 Clearbank has doubled its deposit base in six months as it benefited from rising interest rates and attracted new clients in the wake of Silicon Valley Bank's (SVB) collapse.
Darktrace lowers earnings forecast as sales commission changes September 6, 2023 "The macro-economic backdrop has been a headwind for many businesses over the past year, and we have not been immune from its impact," said chief executive Poppy Gustafsson.
Halfords revenues rise as consumers sniff out budget auto care September 6, 2023 Halfords reported a 14.1 per cent hike in revenue for the first five months of the year as the retailer was bolstered by demand for “basic needs” services such as motoring. The motoring and cycling retailer said that revenue in its autocentres division grew 34.6 per cent and retail rose 3.7 per cent. Halfords has [...]
The Notebook: Tim Rodber on the office of the future, English rugby’s warm-up campaign and the biggest workplace trend September 6, 2023 Tim Rodber is CEO of The Instant Group, a workspace consultancy, and played rugby union for Northampton, England and the Lions The future office exists, but it’s had a makeover We are in the midst of a workplace revolution and the traditional world of office landlords and tenants operating in an almost feudal relationship is [...]
N Brown: Online retailers will ‘kick on’ again in new year following cost of living lull September 5, 2023 N Brown chief executive Steve Johnson said he expects online retailers to “kick on” again in the new year, following a lull period driven partly by customers returning to physical stores in order to shop around amid the cost of living crisis. Speaking to City A.M., Johnson, who heads up the business behind popular online [...]
Darren Jones: Keir Starmer moves rising star to Labour’s shadow treasury team September 4, 2023 Labour MP Darren Jones has been appointed shadow chief secretary to the treasury, in Sir Keir Starmer’s reshuffle of his top team. Jones made headlines and viral TikToks as he clashed with Royal Mail, Amazon and P&O bosses in his role as business and trade select committee (BTC) chairman. He will now serve alongside shadow [...]