Cost of doing business reaching a crisis
British companies are facing a “cost of business crisis” as a string of controversial government policies have pushed up the average firm’s expenses by 70 per cent in a decade, one of the...
UK equity outflows hit £135bn since Brexit
Investors have had more than £130bn from UK-focused funds in the10 years following the Brexit referendum. According to data from Morningstar, net outflows from UK equity funds stood at £134.8bn at...
Buyers probing wealth firms on organic growth
Private equity money has poured into UK wealth management in recent years, but buyers now want firms to show organic growth after a raft of deals, dealmakers in the sector say. Potential buyers are...
London takes European crown for tech funding
London has reclaimed its position as Europe’s leading tech spot, overtaking Paris after a sharp rise in AI investment and a renewed influx of global capital into its startup scene. New figures from...
Boutique banks eye European growth
Boutique investment banks are expanding in Europe after a bumper period for M&A, even as deal activity has lagged the US. The so-called elite boutiques are eyeing fresh growth in London and other...
Construction in UK falls at fastest rate this year
As the downturn bites, activity in the UK construction sector falls at the fastest pace so far this year impacting on the housebuilding sector which has remained firmly in contraction, according to...
Strong economic backdrop gives new PM ‘room to manoeuvre’
The writer is our foreign correspondent based in the UK. Andy Burnham took office of UK prime minister against the third-strongest economic backdrop of any predecessor in the past 50 years, according...
Three in four London jobs are ‘under threat’ from AI
Three out of every four jobs in London are at risk “now or in the near future” from AI – making it the most exposed city in the developed world to advances in the technology. The UK capital is...
Vacancies drop to 5-year low as firms delay hiring
Vacancies in the UK have slumped to their lowest level in more than five years as firms put recruitment on hold in the face of economic uncertainty and soaring wage costs. The Office for National...
UK services suffer worst shock since January 2023
Companies in the UK’s services industry reported the steepest decline in activity last month for three and a half years, as the Iran war drove up business costs and dampened demand, figures show....
Private equity investors stall as AI deals grow
The impact that Artificial Intelligence (AI) could have on the business models of wealth managers is holding up fresh private equity (PE) investment into the sector. Potential wealth deals have...
Firms are hiring traders, very few are women
Finance firms in London are struggling to boost gender diversity – an important issue in the UK and Europe – in an increasingly lucrative area of finance, as just 9 per cent of Britain’s...
IMF tells Reeves to make ‘fundamental’ tax reform
The UN’s global financial fund has called on Chancellor Rachel Reeves to drop the triple lock pension and draw up ‘contingency’ tax measures to ensure that public debt is reduced as a share of...
Banks aiming a high position in UK’s wealth market
With an eye on a top three position in the country’s wealth market, HSBC UK has shrugged off competition from digital challengers for mass affluent money. Having only recently added features like...
Unemployment creeps up as UK job vacancies fall
Unemployment has ticked up despite a fall in April’s data as it was shown that the UK jobs market weakened in the last quarter. The Office for National Statistics (ONS) said the UK unemployment rate...
Major accountancy firm plans 30% graduate hiring
Grant Thornton accountancy firm plans to increase UK graduate recruitment by 30 per cent this year, reversing a trend among professional services firms under a growth strategy fuelled by private...
Diversity Project rebrands to counter backlash
The Diversity Project, the initiative set up a decade ago to champion inclusivity across the investments and savings industry, has changed its name in response to the global pushback against...
Business groups warn against axing red tape watchdog
Some of UK’s largest business groups have urged the business secretary not to scrap a body responsible for scrutinising business regulation, saying it plays a “fundamental” role evaluating the...
Financial services rebound at fastest rate in 3 decades
Britain’s financial services sector rebounded in the first three months of this year powered by the fastest single-quarter recovery since 1996, a closely watched survey found. According to the...
Support in UK for women entrepreneurs to scale-up
While the spotlight is often on the funding gap facing female founders, one industry veteran is urging a shift in focus. Sam Smith, the former chief executive of Finncap (now Cavendish Financial),...