City AM

By Jack Barnett Liz Truss or former chancellor Kwasi Kwarteng did not tell the Bank of England of their plans to slash taxes £45bn in last month’s botched mini-budget, one of the central bank’s executives said today. Sir Jon Cunliffe, the Bank’s deputy…

By Leah Montebello Over a quarter of a million people visited the new Battersea Power Station last weekend, providing a much-needed boost to the new South London hotspot. Nearly forty years after the lights were switched off in one of London’s most def…

By Jack Barnett Today’s inflation figures may have caused a few chairs to be flung at walls in the Bank of England. Prices are up 10.1 per cent over the year to September, above the City’s expectations and up from August. They were in line with the Ban…

By Michiel Willems London’s business community remembers the life of Tony Berry who has passed away aged 81 after a long illness. Generally considered a leading London businessmen of his generation, Berry’s drive and deal-making took him to the chairma…

By Stefan Boscia Liz Truss has said she is “committed” to increasing the state pension by the rate of inflation, after Number 10 just yesterday refused to back the tripe lock. Truss said during Prime Minister’s Questions (PMQs) that “I am completely co…

By Charlie Conchie Fintech giant Revolut has unveiled a new holiday home rental feature today as it looks to broaden its reach in the travel market and snap up market share from Airbnb. The $33bn valuation firm, headquartered in London, said today that…

By Kimberly Butler WITH his quiet style of jockeyship, Brazilian-born rider Ruan Maia has never really appealed to the excitable local bettors, especially in the all-action racing theatre of Hong Kong. There is no doubt though, that Maia, who was a two…

By Leah Montebello Microsoft continued to cull its workforce this week as the software giant feels the sting of stagnating growth, with sources telling the Business Insider that 1,000 people lost their jobs in a fresh wave of cuts. Impacted teams withi…

By Millie Turner The government should axe its levy on apprenticeships, the head of skills at the Confederation of British Industry (CBI) has said, as the UK wrestles with STEM skills shortages and shrinking talent pools. Speaking to the science and te…

By Michiel Willems Markets have responded positively to the effective cancellation of Kwasi Kwartang’s ‘mini-budget’ from 23 September that new Chancellor Jeremy Hunt announced yesterday. However, it remains clear that the Bank of England is more focus…