City AM’s Post

SPONSORED || Operational resilience is crucial for the UK market, where Bacs is a primary method for recurring payments.  In part one of this two-part series, Liz Carroll, Senior Product Manager at Finastra, discusses how automation in Bacs payments can mitigate threats and enhance business stability. Learn how automated solutions can reduce errors, improve efficiency, and ensure business continuity. Be sure to check out part two, where we explore security protocols for efficient and secure payments processing. You can read about it here 👇👇 https://rb.gy/mln7rk

The government has angrily hit back at claims that top civil servant Sue Gray declined to be paid less than the prime minister. It was widely reported this afternoon that Sue Gray, the Labour top civil servant who previously ran the infamous ‘Partygate’ report. The BBC claimed that Gray is now paid more than sir Keir Starmer, citing one unnamed source as saying: “It was suggested that she might want to go for a few thousand pounds less than the prime minister to avoid this very story. She declined.” ✍️ Jack Mendel Continue reading 👇 https://lnkd.in/eSeKv_J2

🌟 Calling all trailblazers in ESG and Social Impact! 🌟 The City A.M. Dragon Awards 2024 are now open for entries! This prestigious event celebrates the outstanding contributions of businesses, individuals, and public sector organisations in driving social change and sustainability. 📅 Closing date: 11th October 2024 🏆 Awards ceremony: 18th November 2024 📍 Location: Mansion House, London Don’t miss this opportunity to showcase your impactful initiatives and be recognised for your efforts. Submit your nominations today! 🚨 Enter now: https://lnkd.in/dh2H-xPC #CityAMDragonAwards #ESG #SocialImpact

Some of the most high-profile fashion brands in the UK have been warned to be clearer on their green credentials by the UK competition watchdog as it clamps down on misleading marketing. The Competition and Markets Authority (CMA) has issued a new sustainability compliance guide for retailers and told 17 brands to review their practices. The watchdog has refused to name the 17 brands which it has contacted directly. ✍️ Amber Murray Continue reading 👇 https://lnkd.in/eET7cDWB

Big changes are coming to City A.M. 🎉 After 20 incredible years, we’re unveiling our first major rebrand—something we've been working on for the past six months. We are also starting exciting new partnership with the now weekly London Standard. 70,000 copies of City A.M.’s re-branded print edition will be available from 6am Monday – Thursday, alongside the new weekly edition of the Evening Standard, now called The London Standard. Find out more here 👇 https://lnkd.in/eWVicynM

Fortune has released its first LGBTQ+ leaders list, a ranking of the world’s 25 top business executives who are openly gay. The American business magazine, which runs rankings like Fortune 500, listed the world’s top CEOs, chairs, and co-founders who are openly gay and based on their companies’ revenue. “This definitive ranking underscores the significant contributions of LGBTQ+ leaders in driving business success globally,” Fortune said. Apple’s Tim Cook topped the list, followed by Jim Fitterling, chair and CEO of Dow. George Cheeks and Chris McCarthy, co-CEOs of Paramount Global, were next on the list. Read more 👇 https://lnkd.in/dPNA6e3T

Cutting beer duty by five per cent could create up to 12,000 jobs, a beer and pub association has urged the Chancellor ahead of next month’s Budget. The brewery and hospitality industries are urging the government to continue supporting them to invest and maintain the 1,040,000 jobs across the sector. Jobs could be at risk without government support, the British Beer and Pub Association has argued, as pressure on the Treasury mounts ahead of 30 October. ✍️ Jessica Frank-Keyes Continue reading 👇 https://lnkd.in/duBAYnPr

Inflation remained unchanged in August with some lingering signs of persistent price pressures as the Bank of England considers its next move on interest rates. New figures from the Office for National Statistics (ONS) showed that inflation came in at 2.2 per cent in August, unchanged from July and in line with economists’ expectations. However, core inflation, which strips out more volatile components like food and energy, rose back up to 3.6 per cent. This was in line with expectations but up from 3.3 per cent in July. Services inflation, which is seen as a good gauge of inflationary dynamics in the domestic economy, climbed to 5.6 per cent, up from 5.2 per cent the month before. ✍️ Christopher Dorrell Read the full story here 👇 https://lnkd.in/dzzYKgSz

British businessman Sir Martin Sorrell has said that altering the working week will not boost productivity in the UK, pushing back on Prime Minister Keir Starmer’s pledges to transform Britain’s work culture. Starmer has vowed to “level up workers’ rights” in the UK, proposing a default right to flexible working that, he argues, will make employees more productive and loyal. However, Sorrell, founder of advertising giant WPP and now chairman of S4 Capital, told City A.M.: “What we need is stability and a business environment that fosters investment and drives productivity. Experiments with the working week or working hours don’t help,” he said. ✍️ Jess Jones Continue reading 👇 https://lnkd.in/e-B4jSkC

Former Natwest chief Dame Alison Rose has been hired to work as an adviser at law firm Mishcon de Reya. The law firm said today that she will be advising on the firm’s diversity, equality and inclusion strategy. The position is Rose’s second role she has taken on since leaving the high street lender, after she joined private equity firm Charterhouse as a senior adviser in June. Rose was forced to step down from the top job at Natwest last year over her role in the Nigel Farage debanking scandal. ✍️ Maria Ward-Brennan Continue reading 👇 https://lnkd.in/edwzxtAW