Omicron optimism: Covid anxiety attack on the financial markets shows signs of alleviating November 29, 2021 The anxiety attack on the financial markets shows signs of alleviating, as investors pause for breath and spot signs of optimism while scientists race to establish the severity of the new variant. The FTSE 100 opened up 1 per cent in early trading, recovering some of Friday’s dramatic losses and the FTSE 250 was 1.5 [...]
Nissan bets heavily on electric cars as it pours £13.2bn into 23 new models with key role for Sunderland plant November 29, 2021 Car giant Nissan said this morning it plans to spend more than £13bn on developing electric vehicles. At a news conference in Japan the car manufacturer, which has a major plant in Sunderland, revealed it will develop 23 new electric models by 2030. By that time, the firm aims for half of its global output [...]
D-day for Jeffrey Epstein’s ex-girlfriend Ghislaine Maxwell as sex trafficking trial begins in New York City November 29, 2021 The sex trafficking trial against disgraced financier Jeffrey Epstein’s ex-girlfriend Ghislaine Maxwell is set to begin in New York. The British socialite denies recruiting teenagers who were not yet adults for Epstein to sexually abuse from 1994 to 2004. Maxwell, the daughter of late media mogul Robert Maxwell, has been in a US jail since [...]
Former Yorkshire Building Society chief Mike Regnier becomes Santander UK’s new CEO November 29, 2021 Santander UK announced this morning that Mike Regnier will become the bank’s new chief executive officer.. Regnier joins Santander from Yorkshire Building Society, where he has been CEO since 2017 and prior to that Chief Commercial and Chief Customer Officer. Santander said in a statement he has over 25 years’ financial services and retail experience [...]
Markets digest Omicron: After worst equity day of the year on Friday, we are in for a bumpy ride this week November 29, 2021 The wider question with respect to Friday’s market collapse and the worst day for equity markets this year, as well as the 13 fall in oil prices, is not so much as to whether it was justified or not, but whether it marks a sea change in market sentiment when it comes to the economic [...]
Brussels told to extend EU firms’ access to City’s derivative market November 28, 2021 A host of influential European banking groups have called for continued access to London’s lucrative derivatives market – weakening Brussels’ hand in negotiations over post-Brexit financial services. The European Union has so far only allowed temporary access to London for companies housed within the bloc, but over the weekend a letter emerged from groups including [...]
Emails between Staley and Epstein are an ‘uncomfortable’ read, warns Barclays chief November 28, 2021 The chairman of British lender Barclays has told shareholders to brace for reading emails between the bank’s former boss Jes Staley and convicted sex offender Jeffrey Epstein. Nigel Higgins has reportedly told investors that emails between Staley and Epstein make for an “uncomfortable” read. The Mail on Sunday first reported the story. Staley unexpectedly quit [...]
Police in Kenya refuse to release post-mortem report into death of murdered BBC staffer Kate Mitchell November 28, 2021 Calls are growing in Kenya for the police to release the post-mortem report into the death of Briton Kate Michell, the BBC staffer who was murdered in her Nairobi hotel room just over a week ago. Dan Mauti, the father of the prime suspect implicated in the killing, Tamati Mauti, told various media in Kenya [...]
Saturday Read: Two sustainable fashion gurus on a mission to make soil sexy in London November 27, 2021 Far from providing a pivotal road map, COP26 has at least uncovered a few tangible solutions for multiple industries to move forward. For the first time ever, fossil fuels have been noted and added to the final agreement, albeit rather half heartedly, with a little help from India and China. Another key take-away [...]
Brexit has made our life more difficult, say two thirds of all small businesses across Britain November 27, 2021 Around half of UK SMEs believe that Brexit has had a negative impact on the UK’s society as a whole awhile 64 per cent believe that it has negatively influenced the UK economy. Moreover, one in four said Brexit has affected their business directly, according to new data shared with City A.M. this weekend. Cloud [...]