The UK Government has announced new measures around the use of fire and rehire practices after high-profile companies, including P&O Ferries, sparked outrage with their use of the tactic. A …
Estate Planning
Met Police believe body found in the River Thames is Clapham attacker Abdul Ezedi
The Metropolitan Police has said a body found in the River Thames is highly likely to be that of Clapham attacker Abdul Ezedi. The force said detectives leading the hunt …
Distressed commercial real estate debt outweighs reserves at six biggest US banks
Bad loans tied to commercial real estate now outweigh loss reserves at the six biggest banks in the US, raising concerns about the possible consequences of a further deterioration in …
Want to crack the productivity puzzle? Backing small businesses is step one
It’s easier than ever to start a company, but much harder to grow it; the government must act to support small businesses, writes Charlotte Keenan With the Spring Budget only …
UK border chief warns London City Airport is gateway to ‘high-risk’ private jet arrivals in Britain
“High-risk” passengers arriving in Britain on private jets are slipping into the country without security checks via London City Airport, the chief inspector of borders and immigration has warned. In …
Mobico: National Express owner’s shares crater as results delayed amid review into audits
National Express owner Mobico Group’s shares cratered this morning after it announced a review into audits of its German rail business would delay publication of its full-year results. Shares fell …
Challenger Monzo to cement £4bn valuation in new funding round
Monzo is set to cement a valuation of around £4bn in a fresh round of funding, despite growing headwinds in the challenger bank sector, City A.M. understands. The challenger bank …
Barclays chief CS Venkat: ‘We are creating a simpler, better, more balanced bank’
Barclays chief executive CS “Venkat” Venkatakrishnan has announced that the bank will become “simpler, better and more balanced” in a much-anticipated update on its restructuring plans. It revealed this morning …
Petra Diamonds predicts slow recovery in diamond prices
Petra Diamonds now expects a slower recovery in diamond prices, reporting earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $38.9m (£31m) in the second half of 2023, down from …
Scottish affordable house builder Springfield Properties latest to feel the pain of property slowdown
A Scottish house-building company is the latest to be financially bruised by last year’s slowdown in property sales. This morning, publicly listed Springfield Properties said revenue slid by 25 per …