Europe’s biggest lender, HSBC, has named a new chair following its tumultuous recruitment programme after the departure of Sir Mark Tucker. HSBC tapped KPMG veteran Brendan Nelson, who has also served …
Investing
Whitehall was ‘shambolic’ in dealing with collapsed China spy case
Whitehall officials presided over “shambolic” proceedings in the prosecution of two alleged Chinese spies, a report has suggested, with both government officials and prosecutors coming under fire over the collapse …
Bank of England sounds alarm on leveraged hedge fund bond bets
The Bank of England has sounded the alarm on international hedge funds snapping up record levels of UK government debt, warning that their highly leveraged bets leave Britain increasingly exposed …
Sheffield Wednesday: Joint bid could win £30m fight for crisis-hit club
A number of the six bidders for Sheffield Wednesday are considering joining forces as competition to buy the Championship club hots up. Administrator Begbies Traynor has set an initial deadline …
FTSE 100 Live: Bank of England sets off AI bubble fears
Good morning and welcome back to the City AM liveblog. Are we on the verge of another financial crisis? It’s quite the eerie question but it was one of many …
Why are all the burgers slutty?
Fifteen years ago, we didn’t seem to think of our food as leading a life of sexual promiscuity. Today, casting your eye over a burger menu can feel like you’re …
AI powers UK’s startup surge as founder numbers soar
While Britain is trudging through another tax-heavy Budget, LinkedIn data has revealed signs of a founder boom, with AI doing much of the heavy lifting. As Rachel Reeves attempted to …
‘Why I’ve spent £50m to take my company global’
The chief executive of a travel company has revealed why he has decided to spend £50m on acquiring a Canadian counterpart. Steve Byrne, who leads Manchester-based Travel Counsellors, told City …
Labour is making it more expensive than ever to hire young workers
Increases to the minimum wage alongside increases in employer NICs have pushed up the costs of employing an 18-year-old by 26 per cent. No wonder youth unemployment is soaring and …
The public is running out of patience with this Labour government
People believe freezing income tax thresholds was an unfair breech of Labour’s manifesto and think Kemi Badenoch would make a better Prime Minister, according to new polling for City AM, …