Falling energy prices will help services inflation to “cool significantly” in the months ahead, paving the way for the Bank of England to start cutting interest rates in June, analysts …
Retirement Planning
London insurers failed to move aviation mega-lawsuit out of UK court to Russia
London’s major insurance companies failed to have a multi-billion-pound aviation lawsuit withdrawn from England and flown to a Russian court. Following Russia’s invasion of Ukraine, the country was hit with …
Chronofinder predictions: New Rolex models at Watches and Wonders 2024
For watch enthusiasts, the most anticipated moment of the year is just a few weeks away. Watches & Wonders is when the most prominent luxury watch brands worldwide, such as …
‘Deeply dismayed’ Ajax to sack CEO Alex Kroes for alleged insider trading
Ajax have suspended their chief executive Alex Kroes and say they intend to sack him just two weeks into the job over allegations of insider trading. It is the latest …
Nearly 60,000 tech layoffs so far in 2024 and ‘more pain to come’
The tsunami of tech layoffs that plagued much of 2023 has continued to hit companies of all sizes this year, from startups and mid-size companies to the mega caps, including …
London legal AI firm Luminance secures £32m funding in US expansion push
London-based artificial intelligence (AI) company Luminance has received $40m (£32m) in Series B funding to fuel its expansion efforts in the US. The funding round is spearheaded by March Capital, …
Bank of England examining claim Metro Bank put customers’ money at risk with ‘pirated software’
The Bank of England is examining a claim that Metro Bank “pirated” a US company’s software and put customers’ data at risk, City A.M. understands. The central bank’s regulatory arm …
Gold funds leapt in March as precious metals took eight of the top 10 positions
Gold and precious metal funds swept performance tables in March, taking eight of the top ten positions throughout the month. “There was only one story last month – gold,” said …
Mixed feelings on MoJ plan to increase court and tribunal fees to raise £42m
The Ministry of Justice (MoJ) announced last year plans to raise up to £42m extra a year by increasing some fees for HM Courts and Tribunals Service (HMCTS), but there …
Sadiq Khan plans ‘Bakerloop’ bus route along proposed Bakerloo line Tube extension
Sadiq Khan has announced plans for a ‘Bakerloop’ bus route along the proposed Bakerloo Tube line extension. The mayor of London, who is campaigning for a record third term running …