FCA chair: Our growth push will test UK’s risk appetite January 20, 2025 The Financial Conduct Authority’s (FCA) push to slash red tape and unleash growth in the City will test the UK’s appetite for risk, its chair has warned, accepting that two of its new proposals could open the door to more fraud and mortgage defaults. Writing in City AM today, Ashley Alder said the FCA will [...]
‘It’s caused uproar’: Inside the fallout from WPP’s four-day office week mandate January 20, 2025 Earlier this month, WPP’s Mark Read sent an all-staff memo ordering employees back into the office for four days a week. With staff fearing an exodus of talent and a petition calling on the policy to be revoked, reaching nearly 20,000 signatures, Ali Lyon tells the inside story of a firm known for its brand [...]
Starmer’s value for money office might be a waste of money, MPs warn January 20, 2025 Keir Starmer’s new value for money office might be a waste of money, an influential group of MPs have warned in a sceptical report. The newly-established Office for Value for Money (OVfM), which Labour pledged to set up ahead of the election, is supposed to improve government competitiveness and crackdown on waste. But concerns have [...]
‘The Silicon Beach dream was a lie’: Onbuy quits home with parting shot January 16, 2025 Technology company Onbuy has quit its home town of Bournemouth and hit out at the local council saying there is no support for the industry. Chief executive Cas Paton took to LinkedIn to announce the news that the business will now mainly operate from London and New York. He added that while Onbuy “will always” [...]
Trump to ‘save’ Tiktok as RedNote rises ahead of Sunday’s ban January 16, 2025 President Donald Trump has reportedly considered rescuing the Chinese-owned social media app Tiktok from its looming ban. Once in office, Trump may suspend the enforcement of the ban-or-sale law through executive order, reported the Washington Post. He has been exploring unconventional ways in which he could save the app, which now hosts over 170m users [...]
The Capitalist: Traitors, Tories and death to the robots January 16, 2025 Traitors, the Trump inauguration and broken robots in this week’s edition of City AM’s gossip column The Capitalist ROSES ARE RED, TULIP IS THROUGH At around about the same time that Tulip Siddiq was drafting her resignation statement, Labour MP Callum Anderson was hosting former London Stock Exchange colleagues for a chat in Westminster about [...]
Vacancies back to pre-pandemic levels as UK jobs market slows January 16, 2025 The number of vacancies in the UK economy has fallen back in line with pre-pandemic levels, according to new figures from the REC.
Royal Mail IDS owner to return to profit as Kretinsky takes reins January 15, 2025 The owner of Royal Mail is set to return to profit just as its long drawn out sale to Daniel Kretinsky nears completion thanks to a welcome uplift in the number of parcels it delivered over Christmas. International Distribution Services (IDS) said Royal Mail’s “successful Christmas period” saw it process 188m tracked parcels, a 19 [...]
Rape gang victims deserve better than our broken inquiry system January 15, 2025 The debate over whether or not Britain needs a national inquiry into rape gangs is a classic example of asking the wrong question, says Emma Revell Before the start of the year, grooming gangs were probably an issue most people were aware of, but didn’t give day-to-day thought to. Fast forward through a furious bout [...]
UK gilt auction oversubscribed as investors buy through market turmoil January 14, 2025 The auction comes ahead of crucial inflation data tomorrow.