Economy: ‘Situation critical’ warning after huge spike in on the brink businesses January 22, 2024 Nearly 50,000 UK businesses are in a "critical" financial position, according to a new data, as high borrowing costs and inflationary pressures continue to squeeze firms.
FTSE 100 more than a century away from CEO gender balance, study says January 22, 2024 The UK is more than a century away from achieving parity between male and female FTSE 100 chiefs, according to new research, as Britain lags behind its international peers. Using current appointment trends across 12 stock indexes, advisory firm Russell Reynolds Associates projected it would take 81 years to reach global gender parity among top [...]
Bob Sternfels faces opposition to be re-elected as McKinsey boss January 21, 2024 McKinsey head Bob Sternfels' bid for re-election is reportedly facing internal opposition due to mass layoffs and a slowdown in growth during his tenure.
London-listed fintech says New York will become its ‘natural home’ after US share sale January 21, 2024 The boss of a top London-listed fintech has said New York is likely to be the "natural home" for the firm going forward, in a blow to London as it works to bolster its capital markets.
Brokers warn government against guaranteeing one per cent deposit mortgages January 21, 2024 Brokers have warned that the government could push up house prices even further if it guarantees mortgages for first-time buyers with deposits of just one per cent.
Sunak considering one per cent deposit mortgage scheme in bid to win over young voters: report January 21, 2024 The Treasury is reportedly looking at introducing a scheme guaranteeing mortgages for first-time buyers with deposits of just one per cent.
New Morgan Stanley boss Ted Pick ‘super bullish’ on long-term targets January 18, 2024 The new chief executive of Morgan Stanley, Ted Pick, has said he is "super bullish" on the US investment banking giant's financial targets and predicts an end to the slowdown in dealmaking once interest rates fall.
Chancellor to meet with Lloyds, Barclays and Natwest executives over share slumps January 18, 2024 Chancellor Jeremy Hunt is convening a summit with bosses from the UK's largest banks to discuss concerns that their poor share performance is preventing more lending into the economy.
Time is up for supermarket challenger banks, analysts say January 18, 2024 Sainsbury's announced on Thursday morning that it would undertake a “phased withdrawal” from its banking business following a strategic review. There are no immediate changes for customers.
FCA to probe City firms on bullying and sexual misconduct reports January 18, 2024 City firms will be probed on how they deal with reports of workplace sexual harassment and bullying, including the use of NDAs, the financial watchdog has confirmed, after the limited progress of industry-led efforts.
