City AM

By Louis Goss HMRC has filed a High Court lawsuit against EY over alleged misrepresentations to the UK tax authority in relation to British property investor Jamie Ritblat’s tax affairs. The case relates to a broader dispute between HMRC and the Tory d…

By Frank Dalleres Sir Chris Hoy believes the UCI Track Champions League can create new cycling fans when it returns to London next month. The five-date competition, which got its second season underway in Mallorca last weekend, features some of the wor…

By Frank Dalleres Optimism around England’s World Cup hopes has been dented after a new study found Gareth Southgate’s to be one of the most at risk of burnout. The Player Workload Journey report by global players’ union Fifpro identified England as on…

By Andy Silvester THE CITY minister Andrew Griffith yesterday said post-Brexit financial services reforms were on his “to do list” after new figures suggesting Paris’ stock market had overtaken London’s sent a shockwave through the Square Mile. The tot…

By Louis Goss Votes on plans to split EY in two are not set to begin until the start of next year, after being delayed by legal wrangling. The ballots, which were set to start this month, will not take place until early 2023, due to the complexities th…

By Ilaria Grasso Macola Elon Musk is set to appear in a US court as soon as tomorrow as he is bound to take the stand and defend his astronomical $56bn (£47.7bn) pay package. The serial entrepreneur was taken to court by a company shareholder who argue…

By Nicholas Earl OPEC cut its forecasts for global oil demand this year for a fifth time since April – further cutting into next year’s projected figures. The cartel justified its calculations on mounting economic challenges including high inflation an…

By Jack Barnett Inflation has peaked in the UK, but will take a long time to fall, a top investment bank has bet. New data out from the Office for National Statistics on Wednesday will show prices rose 10.9 per cent over the last year, according to Deu…

By Louis Goss New York City law firm Simpson Thacher has hiked salaries for its newly qualified (NQ) lawyers to heights of £170,000 a year in a sign the City pay war is showing no signs of slowing down. The white shoe law firm has given NQ lawyers in i…

By Emily Hawkins E-commerce behemoth Amazon is mulling laying off around 10,000 people, it has been reported. According to a report in The New York Times, redundancies for corporate and technology roles could begin as early as this week, people with kn…