Nervous markets scratch their heads over lockdown pain due to confusing China Covid policy November 7, 2022 Despite a big relief rally at the back end of last week, US markets still couldn’t reverse the losses of the previous three days, closing lower for the first time in three weeks, although for European markets it was a somewhat different story. The DAX finished higher for the fifth week in succession, posting its [...]
The West faces copper crisis as China dominates key markets November 7, 2022 The West has fallen behind rivals such as China in the race to secure copper supplies, warns a leading expert.
Exclusive: LSE’s chief of tech swaps markets for climate ratings with BeZero Carbon move November 7, 2022 The London Stock Exchange’s chief of tech has jumped ship to ratings agency BeZero Carbon, swapping the markets for climate technology. As the new CTO, James Turck will be responsible for driving forward the London firm’s investment to build out ratings, as well as the risk and analytics tools that help to scale the voluntary carbon [...]
Exclusive: FCA threatens buy-now pay-later firms with jail time using financial promotion ‘loophole’ November 7, 2022 The City watchdog has written to buy-now pay-later chiefs warning they could face up to two years in jail if they fail to fall in line with financial promotion rules, as it uses a “loophole” to clampdown on the products despite not directly regulating them, City A.M. can reveal.
UK private equity deals slump as firms hold out for bargains November 7, 2022 The number of private equity deals closed in the UK has slumped 20 per cent in the past year as firms sit on cash reserves in anticipation of tumbling valuations, according to new research.
Top investors call on government to boost female climate fight as Cop27 begins November 7, 2022 A group of top investors including Aviva and Legal & General Investment Management have called on governments to ramp up climate action today by enshrining the role of women within the fight against climate change.
Elon Musk fends off daily losses with jobs and ticks November 6, 2022 Musk’s Twitter shake-up continued at pace this weekend, with thousands of employees sacked and paid blue-tick verification firmly on the table for UK users. While Twitter has remained relatively quiet since the Tesla founder completed his $44bn (£39bn) takeover, the social media company confirmed that it would now allow users to buy blue-tick verified status. [...]
Elliott backs Philip Morris’ sweetened £13bn bid for Swedish Match November 6, 2022 Swedish Match’s biggest investor Elliott Management has reportedly agreed to back Philip Morris International’s $15.7bn (£13.8bn) swoop for the firm. Sources told the Financial Times that the deal now had more than 80 per cent of shareholder acceptances, with more expected to be submitted tomorrow. Under Swedish takeover rules, PMI’s offer is conditional on gaining [...]
Weekend exclusive: Slack can’t be blamed for ‘quiet quitting’ says VP November 6, 2022 Tech could be a solution rather than a driver of the ‘quiet quitting’ phenomenon, says Slack vice president Pip White. Working at one of the biggest winners of the pandemic, White is understandably reluctant to admit that the remote working tool contributed to one of the most talked about working trends of 2022. A recent [...]
Global food prices drop to lowest levels since invasion of Ukraine November 5, 2022 Global food prices have fallen to their lowest levels since Russia’s invasion of Ukraine, UN data shows. Food prices have fallen back down to levels last seen at the start of 2022, before Russia’s February invasion of the breadbasket of Europe caused food prices to surge, data from the United Nation’s Food and Agriculture Organization [...]