Why measuring a business’ intent is essential to valuing its green credentials May 18, 2023 | Sponsored More and more businesses are being asked to report on their sustainability credentials, with calls coming from a range of different stakeholders, including investors, consumers and employees. For businesses that do not have a range of historical data available to prove their sustainable and green credentials, addressing these calls can be challenging. An essential factor [...]
Royal Mail blames strike action for slumping to year loss of more than £1bn May 18, 2023 Royal Mail has blamed strike action for helping send it slumping to a full-year loss of more than £1 billion. The group’s owner, International Distributions Services (IDS), revealed Royal Mail swung to an operating loss of £1.04 billion for the year to March 26, against earnings of £250 million the previous year. On an underlying [...]
Burberry boosted by China re-opening as share price darling reports solid growth May 18, 2023 Burberry boss Jonathan Akeroyd said this morning he was “very pleased” with a set of full-year results that saw reported profit up more than 20 per cent year on year. Revenues topped the £3bn mark in the twelve months to the start of April this year, with the fourth quarter given a significant boost by [...]
Square Mile and Me: Stuart Bedford on dealmakers, desert challenges and Villa Park May 18, 2023 Each week we ask the great and good of London’s finance world to take a trip down memory lane. This week, it’s Stuart Bedford, Head of Law at KPMG What was your first job? It was running a stock room at a wallpaper warehouse What was your first job in financial services? This was when I started out [...]
Mark Kleinman’s must-read column: Apollo, Ofgem and Hargreaves Lansdown May 18, 2023 Mark Kleinman is Sky News’ Business Editor and writes a must-read column for City A.M. on the biggest business stories of the week Apollo’s failed missions will make take-private landings harder Apollo and ground-breaking missions of accomplishment have long been synonymous. Right now, for the US-based investment firm of the same name, simply getting the [...]
Why risk culture could be a competitive advantage for your business May 18, 2023 The recent turmoil in the banking sector has underlined the importance of risk culture as a fundamental component of business resilience. The failures of Credit Suisse, First Republic and other banks are a stark reminder of why we must incorporate risk into governance and strategy. All too often, risk management is associated with compliance and [...]
‘We need to make equities sexy’: Aquis chief Alasdair Haynes talks taking on the London Stock Exchange and boosting the City May 18, 2023 Aquis chief Alasdair Haynes tells Charlie Conchie that 'competitive tension' with the London Stock Exchange would be a good thing for the Square Mile
BCC boss pitches for new members in wake of CBI sexual misconduct scandal May 17, 2023 The boss of the British Chambers of Commerce (BCC) made a bold pitch for new members today after a raft of major FTSE 100 businesses left the Confederation of British Industry (CBI), which has been rocked by allegations of sexual harassment and rape. BCC chief executive Shevaun Haviland stressed “our voice is needed more than [...]
‘We know this has been painful’: Scottish Mortgage board defends strategy after bruising year May 17, 2023 Bosses at Bailie Gifford’s Scottish Mortgage Board Investment Trust admitted the last year had been “painful” today after a 33 per cent plunge in the value of its shares over the 12 months to March.
ASOS share price recovers slightly after Mike Ashley’s Frasers raises stake May 17, 2023 Frasers Group raised its stake in online fashion retailer ASOS, a filing showed on Wednesday, as the Mike Ashley-owned sportswear retailer continues its drive into a more premium market. Frasers, formerly called Sports Direct, increased its stake in ASOS to 7.4 per cent from a prior stake of more than 5 per cent, as of [...]