City Moves: Who’s switching jobs in the Square Mile? October 26, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Carter Jonas Property consultancy Carter Jonas has a new head of science and technology to help build the firm’s expertise in the UK’s sector. Matt Lee He joins from Manchester University NHS Foundation Trust, where he led [...]
Global health at ‘the mercy of fossil fuels’, says report October 26, 2022 The world’s reliance on fossil fuels is compounding global risks to health following the height of the Covid-19 pandemic, said a new report last night. Risks include air quality, food and energy security, as Brits brace for a tough winter as oil and gas costs soar. The EU-funded Lancet Countdown, an annual report on climate [...]
So Energy seeks tens of millions in extra cash amid UK energy crisis October 25, 2022 So Energy is reportedly seeking tens of millions of pounds worth of additional funding to help navigate the UK’s energy crisis. The energy firm, which supplies power to more than 300,000 households, in August urged the government to act fast, calling the crisis “a state of emergency” in an exclusive interview with City A.M. The [...]
Exclusive: Rival firm urges Octopus and Ovo to ringfence Bulb’s customers October 25, 2022 A rival supplier has slammed the two prospective bids for fallen firm Bulb Energy, labelling them a “significant risk to all energy bill payers.”
EY’s Israeli business opts-out of global split October 25, 2022 EY’s Israeli business will not participate in the accounting firm’s global split, but will instead retain its current structure under which auditors and consultants work together under a single umbrella. The Israeli firm’s managing partner Doron Sharabany told the Financial Times the firm does not see the benefits of EY’s separation plans. “From our point [...]
Juul eyes up investor bailout as it fends off US regulatory hurdles October 25, 2022 JUUL is reportedly in talks with two of its top investors about a potential bailout as the vaping giant fends off US regulators. As first reported by the Wall Street Journal (WSJ), Hyatt Hotels heir Nick Pritzker and Riaz Valani are weighing up whether to cover the firm’s operations and near term legal liabilities. The [...]
HSBC shares sink to bottom of FTSE 100 despite profits topping City forecasts October 25, 2022 HSBC’s profits slid over 40 per cent in the third quarter of the year as it was hit by rising loan losses and hefty charges relating to the sale of its French retail business.
Global financial sector is facing an ‘ethical crisis,’ new book warns October 25, 2022 The financial sector is facing an “ethical crisis” that is undermining the sustainability of the global economy, according to a new book by business ethics professor Dr Atul Shah. The current approach to teaching business ethics, in both academic and professional contexts, is narrowly-focused and detached from real-life, Shah’s new book, Inclusive and Sustainable Finance,says. [...]
Warner Bros Discovery said scrapping content could cost over £2bn October 25, 2022 Warner Bros Discovery said that charges associated with cutting content could reach $2.5bn (£2.2bn), as the media giant continues down its cost-saving path. According to a security filing posted on Monday, the merged firm said restructuring costs could total up to $4.3bn through 2024, including between $2bn and $2.5bn in “strategic content programming assessments”. It [...]
UK must ensure it’s world’s ‘safest place to do business,’ City of London police boss says October 25, 2022 The UK must protect itself against fraud and cybercrime to ensure it is the “safest place to do business in the world,” the head of the City of London police’s authority board said. The chair of the City of London police authority board James Thompson said ensuring businesses and customers are protected is “vital” to [...]