St James’ Place boosts inflows by £4.69bn in latest quarter January 27, 2022 Wealth manager St James' Place has beaten expectations, ending the year with a record £154bn of assets under management.
Experts about record $90: Shareholders may face ‘catastrophic levels of value destruction’ if oil price drops January 27, 2022 Based on current surging prices oil giants should think twice about investing in new oil projects or they could risk wasting billions, a new report has warned. The price of Brent crude oil has increased by nearly 40 dollars (£29) per barrel in the last year, and hit 90 dollars (£66) yesterday for the first [...]
Mike Cherry interview: Now is not the time to saddle small businesses with higher taxes January 27, 2022 The pandemic has been a bumpy ride for Britain’s entrepreneurs and small businesses. Trying to navigate the choppy waters of the government swinging between tougher and looser restrictions to tame Covid-19 has been fraught with risk and uncertainty. But, one thing seems for sure: the looming heavier tax burden will weigh heavily on small firms, [...]
M&G gobbles up responsAbility in ethical investment push January 27, 2022 British investment giant M&G has taken a majority stake in sustainable investor responsAbility amid a string of recent takeovers.
Appetite for convenience food boosts Greencore revenue by a quarter January 27, 2022 Convenience food maker Greencore saw robust revenue growth in the latest quarter driven by a strong appetite for food to go.
Upskilling workforce can save City firms millions January 27, 2022 Piling money into upskilling existing employees can save banks, brokers and fund managers millions of pounds, reveals a fresh study published today. Investing in improving staff’s skills can generate cost savings of up to £49,100 per employee compared to hiring new talent, according to a report by the Financial Services Skills Commission (FSSC) and consultancy [...]
Swelling tax burden to highest level since 1950s is ‘understandable’ January 27, 2022 The government’s decision to saddle Brits with the heaviest tax burden since the 1950s is “understandable,” according to a group of cross-party MPs. A ramping up of government spending announced at the October budget to deal with the ongoing fallout of the Covid-19 crisis is needed “given that the country is still in the midst [...]
HSBC pushes further into Saudi Arabia: Canary Wharf approves $10bn loan so mass polluter Saudi Aramco can expand January 27, 2022 HSBC is in line to finance a $10bn revolving credit facility to one of the world’s biggest polluters, the Saudi Arabian Oil Company, or Saudi Aramco, despite the bank’s commitment to ‘Net Zero emissions by 2050’. HSBC’s latest venture in the Middle Eastern kingdom, in partnership with Standard Chartered, is likely to draw scrutiny from [...]
US Federal Reserve tells markets to buckle up for end of stimulus January 26, 2022 The US Federal Reserve yesterday told investors to strap in for a rapid unwinding of the wave of cheap cash that has flooded global financial markets. The most influential central bank sent the strongest signal yet that the era of ultra-loose monetary policy is coming to end. The Fed’s committee of rate setters said they [...]
London markets fly out of the blocks as travel stocks surge January 26, 2022 London markets flew higher yesterday driven higher by travel and leisure soaring on booking volumes climbing. The capital’s premier FTSE 100 index closed 1.33 per cent higher at 7,469.78 points, while the domestically-focused FTSE 250 index, which is more aligned to the health of the UK economy, climbed 1.05 per cent to finish at 21,873.08 [...]
