One year to T+1: How should firms get ready for October 2027? Opinion With just a year to go before the final T+1 deadline, Andrew Douglas lays out what UK firms must accomplish to smoothly transition.
HSBC set to axe UK wealth jobs as AI takes hold Banking HSBC is putting a raft of roles in its UK wealth division on the chopping block following a push to slash costs with artificial intelligence. Europe’s biggest lender is consulting on changes to its wealth management operations that would lead to a shake-up for hundreds of relationship managers and financial advisers across the UK. The [...]
Post Office former senior lawyer slammed over remote Tribunal request Legal The Post Office’s former general counsel is “putting her own convenience” first by filing an application to appear remotely from Australia for a Tribunal hearing over alleged misconduct during the Horizon IT Scandal, the legal regulator counsel said. Jane MacLeod, the former Post Office general counsel from 2015 to 2019 and Nicholas Gould, a partner [...]
Reeves beats Kwarteng to ‘worst chancellor’ in new ranking October 6, 2026 Just months after her exit from Number 11, Rachel Reeves has been given the dubious honour of being voted “worst chancellor”, in a new survey. According to an AJ Bell survey, Reeves was the least popular of the last five chancellors, and even ranked below Kwasi Kwarteng, who held the role for just over a [...]
Robert De Niro on $1.3billion hospitality empire: ‘I’m very protective of Nobu’ October 6, 2026 Goodfellas and Taxi Driver legend Robert De Niro talks exclusively to City AM The Magazine about his hospitality empire, which quietly occupies the 83-year-old New York-born actor in-between his film-making. Over the last 40 years, De Niro has been launching Nobu restaurants around the world, a Japanese brand he is fiercely protective of. He speaks [...]
Asos shares crater after ‘hackers’ threaten data leak October 6, 2026 Asos shares have tumbled after customers were told the online fashion seller’s systems had been “fully compromised” by hackers. Users of the Asos app received a push notification on Tuesday morning titled “ASOS HACKED”, in an apparent attempt by the attackers to contact the company’s data protection and IT teams. Asos said on Tuesday afternoon [...]
Rothera Goes Live on Smartstream’s Air to Automate High-Volume Derivatives Reconciliations October 6, 2026 Key Facts - Rothera, a derivatives exchange and clearinghouse regulated by the U.S. Commodity Futures Trading Commission (CFTC), has gone live on Smartstream’s Air, deploying the Cash and Data modules to automate its reconciliation operations. - The new implementation replaces manual processes, enabling Rothera to reconcile circa 1.7 million daily transactions within a fully automated, fully audited environment. - Go-live for two data reconciliations: Exchange-to-Clearing Instruments and Exchange-to-Clearing Trades – with further reconciliation flows to follow.
Milliman launches new business advisory services in the UK with hire of two managing directors October 6, 2026 New practice brings transformation, strategic consulting, and AI expertise to organizations across insurance, investments and retirement
‘It’s a s**t show’ – Legal 500 accidentally publishes damning barrister reviews October 2, 2026 Legal 500 has been forced to take down its site after the firm mistakenly published negative reviews alongside its top lawyer rankings. The publisher, which evaluates law firms, solicitors and barristers across 100 countries, pulled its site on Friday for “maintenance” after it had emerged bad reviews were accidentally accompanying the profiles of those who [...]
UL Solutions Inc. Completes Acquisition of Eurofins Scientific’s Electrical & Electronics Business October 1, 2026 UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced it has completed the acquisition of the electrical and electronics (E&E) business of Eurofins Scientific SE. “This acquisition extends our 132-year commitment to our mission of working for a safer world,” said President and CEO Jennifer Scanlon. “We are thrilled to [...]