Big Four giant EY UK has seen a bounce back after its fee income grew by 2 per cent over the last financial year to £3.78bn, with the majority of …
Are we heading for a 1980s-style inflation spike?
What lessons should policymakers from the Lawson Boom and subsequent recession? Asks Daniel Mahoney High inflation, unreliable data and a government banking on growth. While this sounds familiar, it was …
Thousands of jobs at risk as Petrofac appoints administrators
North Sea oil and energy services group Petrofac has appointed administrators, putting thousands of jobs at risk. The company said it took the decision after one of its customers, TenneT, …
HSBC makes $1.1bn provision after Madoff fraud ruling
FTSE 100 banking giant HSBC has set aside just over a billion pounds following the resolution of an investment fraud case in Luxembourg. HSBC faced a lawsuit from Cayman Islands-based …
These are the City’s four key recommendations for the Budget
Financial services should remain VAT-free. The bank levy and surcharge should be phased out over time. And stamp duty on UK shares should be abolished, says Chris Hayward A month …
How to make it: The value of ‘coachment’
This National Mentoring Day, every leader should remember that, in business, you can’t do it alone, says Richard Harpin You probably don’t realise it but today is one of the …
FTSE 100 Live: HSBC takes $1.1bn Madoff hit, Petrofac enters administration
Good morning from the City AM liveblog team. Rachel Reeves likes to insist that she will “never play fast and loose with the public finances.” It’s a phrase she deploys …
Almost two thirds of charities axe jobs and services over financial strain
Almost two thirds of charities have axed workers and vital services as they come under pressure from falling income, staff burnout and declining public donations, according to new research. The …
JD Gyms eyes UK expansion after putting millions into refurbs
JD Gyms is set to open its 100th gym in the UK as the chain muscles in on the 24-hour fitness sector and sets its sights on further expansion. The …
On this day: Big Bang hits the Square Mile
On this day, 27 October 1986: Big Bang hits the Square Mile, and changes the City forever. Eliot Wilson takes us through the financial revolution By the autumn of 1986, …