UK and EU publish draft MOU to improve post-Brexit financial regulatory cooperation May 19, 2023 The UK and the EU’s top body have published the draft of a memorandum of understand, intended to improve post-Brexit regulatory cooperation on financial services. The draft agreement commits the two to “jointly endeavour to pursue a robust and ambitious bilateral regulatory cooperation in the area of financial services”. The MOU was heralded as a [...]
FTSE 100 close: London markets round off the week higher as investors boosted by improved consumer confidence May 19, 2023 Markets closed higher on Friday as investors were boosted by an increasingly positive consumer outlook in the UK. The capital’s premier index jumped 0.40 per cent to 7,773.80 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, remained roughly steady at 19,300.04 points. Investors were [...]
FTSE 100 close: BT and Burberry slump to bottom of London index as easyJet regains ground May 18, 2023 London’s FTSE 100 kicked higher this today, driven by retailers offsetting a sharp sell off in BT shares after it said it will shed 55,000 workers over the next decade. The capital’s premier index jumped 0.25 per cent to 7,742.29 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
‘We need to make equities sexy’: Aquis chief Alasdair Haynes talks taking on the London Stock Exchange and boosting the City May 18, 2023 Aquis chief Alasdair Haynes tells Charlie Conchie that 'competitive tension' with the London Stock Exchange would be a good thing for the Square Mile
‘We know this has been painful’: Scottish Mortgage board defends strategy after bruising year May 17, 2023 Bosses at Bailie Gifford’s Scottish Mortgage Board Investment Trust admitted the last year had been “painful” today after a 33 per cent plunge in the value of its shares over the 12 months to March.
Startup Spotlight: Jnck Bakery May 17, 2023 | City Talk Jnck Bakery was founded by brothers Sean and Alex Brasill in 2021 as a passion project focused on the UK obesity crisis and lack of healthy food innovation. Seeing an opportunity to create something that makes a positive difference – and tasted good – they created the world’s first HFSS-compliant cookie. Now halfway through their [...]
FTSE 100 close: London ends in the red as BoE’s Bailey warns of persistently high inflation May 17, 2023 London’s FTSE 100 index fell on Wednesday evening as Andrew Bailey warned that the UK would face high inflation for months to come. The capital’s premier index closed down 0.36 per cent at 7,723.23 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.30 [...]
Running a business is hard, but Tide makes it easier May 17, 2023 | Sponsored Claire Pedley, a 41-year-old mother of two, has one company with three phone lines. People will ring and expect to speak to a man “because obviously I don’t know anything about concrete”, she says. Claire likes to connect such callers to one of her alternative numbers and to hear the surprise in their voice when [...]
FTSE 100 close: Vodafone tumbles more than seven per cent after announcing 11,000 job cuts May 16, 2023 London’s FTSE 100 gave up gains today as fresh data yielded tentative signs that the UK workforce is rebalancing and telecoms giant Vodafone tumbled quickly. The capital’s premier index fell 0.34 per cent to 7,751.07 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was [...]
Give bosses a pay boost to attract top talent to the UK, says City minister May 16, 2023 The City minister has thrown his weight behind efforts to boost the pay packets of the country’s top bosses today as a debate around pay in the City gathers steam. The compensation of executives at the UK’s top listed firms has been a topic of hot debate in recent weeks as regulators and officials look [...]
