London Stock Exchange owner downplays extent of listing exodus February 27, 2025 The owner of the London Stock Exchange dismissed the gloom that is plaguing London’s public markets, pointing to its solid performance relative to European counterparts. Speaking alongside his firm’s full-year results, David Schwimmer, the veteran boss of the London Stock Exchange Group (LSEG), reiterated his view that UK IPOs would pick up this year, saying [...]
Ratcliffe calls on Europe to ditch carbon tax to save chemicals industry February 26, 2025 Sir Jim Ratcliffe has warned that Europe’s chemicals industry “faces extinction” and called on European Union leaders to ditch their carbon tax and increase tariffs to preserve it. In an open letter published on Wednesday, the founder and owner of chemicals giant Ineos launched an excoriating assessment of the EU’s approach to the chemicals sector, [...]
BP ramps up fossil fuel spending and rows back on green targets February 26, 2025 BP will dial up its spending on oil and gas by $10bn (£7.9bn), slash its investment into renewable energy and offload $20bn of underperforming assets as part of a major strategic overhaul that aims to boost its beleaguered share price. In a much anticipated – and delayed – announcement from boss Murray Auchincloss, the British [...]
‘We will not give in’: Farmer tax fury is not going away February 26, 2025 Gripping his lectern on stage in Birmingham, Keir Starmer was attempting to win over the ever-sceptical delegates at the National Farmers’ Union congress. The then-leader of the opposition told attendees of the 2023 iteration of the annual jamboree that he understood their pain, and promised to reset government relations with farming were he fortunate enough [...]
Andy Haldane steps back from role at RSA February 21, 2025 Andy Haldane is stepping down from his role as chief executive of the Royal Society for the Encouragement of Arts (RSA) to take a career break. The former chief economist at the Bank of England will stay on at the charity, one of the UK’s leading arts and innovation third sector bodies, until half-way through [...]
Workers’ rights: A third of small firms plan to cut jobs February 20, 2025 A third of small businesses expect to cut jobs in the near future due to fears that the government’s upcoming workers’ rights package will leave them facing painful tribunals and a higher sick pay bill. A fresh survey from the Federation of Small Businesses (FSB) shows that in the fourth quarter of last year, 33 [...]
UK government should be more like Trump, says top entrepreneur February 19, 2025 The government’s tax squeeze on businesses and ministers’ lack of private sector experience shows that the “political system is broken” in the UK, a top entrepreneur has claimed. Edward Lovett, founder of luxury online auction house The Collecting Group, launched a damning assessment of the business environment in Britain under Labour, telling City AM that [...]
Farmer ‘fury’ after Treasury meeting February 18, 2025 Farmers will be angry and furious at the government’s refusal to reverse its planned changes to inheritance tax at a crunch meeting between officials and farming groups on Tuesday, the National Farmers Union president has said. Tom Bradshaw claimed ministers and civil servants “don’t care about the human impact” of the controversial tax plans announced [...]
James Howells: The man hoping to buy a rubbish dump in his search for £750m of bitcoin February 18, 2025 In 2013, James Howells’ ex-partner threw away a hard drive containing 8,000 bitcoins, now worth in excess of £750m. Having pleaded with – and sued – Newport council to let him comb through the rubbish dump where he believes it’s located, he is now considering a radical new option: buying the landfill. IT-worker James Howells [...]
Bill Browder: ‘Bad bet’ to return to Russia after ceasefire February 17, 2025 Firms that choose to re-open operations in Russia after a peace agreement has been reached would be “making a bad bet” and “deserve to lose their money”, a former hedge fund manager dubbed ‘Putin’s number one enemy’ has said. Speaking to City AM from the Munich Security Conference (MSC), Sir Bill Browder launched a scathing [...]
