23 h. ago Recession odds are increasing as Trump pushes his trade war further, top financial firm says

Recession fears mount as Trump set to begin ‘Liberation Day’ tariff agenda this week

Economics

4 d. ago Thames Water’s finance chief quits as firm continues trying to find a buyer

Alastair Cochran, Thames Water’s chief financial officer, told the firm that he is stepping down on Friday morning, PA news agency understands.

Economics

7 d. ago Comparing deals could become easier for financial customers under regulator plan

The Financial Conduct Authority is exploring how firms’ communications can be simplified.

Economics

9 d. ago China’s ‘red circle’ law firms snap up partners from US rivals

Western firms scale back presence in Hong Kong and China as financial activity slows

Politics

1 week ago Trump tariffs creating ‘high uncertainty’, Bank of Japan warns; Musk’s X ‘valued at $44bn again’ – business live

Rolling coverage of the latest economic and financial newsSavings and investment firm M&G has warned this morning that it faces uncertain times.In its full year results for 2024, M&G points out that:Increased geopolitical uncertainty and market volatility continue to weigh on client sentiment and pose a significant challenge to financial institutions across the globe.The Company has traded well in the first half and delivered strong profit growth. Like other operators in the sector, we face many cost headwinds that will impact us in the second half, following the recent Budget, notably the increase in national living wage and national insurance from April. We estimate that the annualised impact of these two items is £2.6m, with the incremental costs commencing in April and impacting the final quarter of the 2025 financial year.We plan to mitigate the majority of these costs over the next 18 months through price increases and cost efficiencies. Continue reading...

Economics

2 w. ago E2E 100 Female: how Universal Partners are empowering entrepreneurs and driving global success

Universal Partners is a leading financial services firm specialising in cross-border payments and bespoke risk management services. They offer personalised, flexible solutions for women-led businesses, ensuring they have the financial tools to scale and succeed in an increasingly global economy

Politics

2 w. ago Regulator seeks views on scrapping or increasing £100 contactless card limit

The Financial Conduct Authority said one option put forward is to allow firms to set their own limits.

Economics

2 w. ago Diversity quotas for finance firms are abandoned in a victory against wokery

Under the controversial plans by City watchdogs, more than 40,000 institutions would have been forced to provide annual reports on staff numbers by race, religion and sexual orientation.

Economics

2 w. ago UK watchdogs scrap diversity and inclusion rules for financial firms

Decision by FCA and PRA comes as government’s growth push forces regulators to rethink policies

Economics

3 w. ago What the world needs now is more fossil fuels, says Trump’s energy secretary

Chris Wright signals abandonment of Biden’s ‘irrational, quasi-religious’ climate policies at industry conference The world needs more planet-heating fossil fuel, not less, Donald Trump’s newly appointed energy secretary, Chris Wright, told oil and gas bigwigs on Monday.“We are unabashedly pursuing a policy of more American energy production and infrastructure, not less,” he said in the opening plenary talk of CERAWeek, a swanky annual conference in Houston, Texas, led by the financial firm S&P Global. Continue reading...

Politics

3 w. ago Be wary of YOUR personal information being sold to 'data brokers' without your consent

The latest report by UK Finance – the collective voice for the UK banking and finance industry representing around 300 firms – reveals that fraudsters stole £1.17billion in 2023

Events

3 w. ago US law firms’ London expansion drives record number of job moves

US law firms’ London expansion drives record number of job moves  Financial Times

Society

3 w. ago Defence stocks are soaring in value, but ignore the big guns and cash in with our finance expert's guide to these brilliant value hidden gems

Finance expert Joanne Hart reveals how investing in defence firms that provide crucial support for drones, helicopters and submarines can safeguard your funds in a dangerous world.

Economics

3 w. ago Vulnerable customers encouraged to seek support from financial services firms

The Financial Conduct Authority has highlighted examples of good practice by firms dealing with vulnerable customers and areas in need of improvement.

Economics

3 w. ago Edinburgh law firm announces forum to drive innovation in financial services regulation

Edinburgh-based law firm Vialex has committed to support the launch of a RegTech Leadership Forum designed to boost collaboration and the adoption of regulatory technology in financial services and FinTech.

Economics

4 w. ago Elon Musk lays into Oscars as he reveals 'diversity quotas' for best picture nominees

The Academy of Motion Picture Arts and Sciences requires that films must fit one of three diversity and inclusion criteria to be nominated for Best Motion Picture.

Politics