UK Plc profits jump as banks and oil and gas prosper August 6, 2018 Profits at listed British companies surged in the last 12 months as the UK’s biggest firms boosted revenues, according to data published today. UK firms listed on the main market of the London Stock Exchange earned £210.8bn in the 12 months to the end of June, the analysis by the Share Centre shows – an [...]
Antisemitism oblivion could push Corbyn’s leadership over the edge August 6, 2018 In the wake of his appointment as Labour leader three years ago, it seemed that Jeremy Corbyn could do no wrong. His controversial history and past parliamentary rebellions were all proof of genuine commitment rather than poor judgement, and were a breath of fresh air in politics. But the decisions he is taking as leader [...]
Threat of ‘no deal’ weighs on UK businesses August 6, 2018 The threat of a ‘no deal’ Brexit is weighing heavily on business optimism as the international trade secretary, Liam Fox, warns that EU “intransigence” means leaving without a trade agreement is now the most likely outcome. A survey of 1,000 senior British professionals by the Institute of Chartered Accountants (ICAEW) will today show that confidence [...]
Sweet farewell: Nooyi to step down after 12 years as Pepsi boss August 6, 2018 Long-serving PepsiCo boss Indra Nooyi will step down in October after 12 years in the post. Sales have grown 80 per cent under her leadership, making Pepsi one of the most lucrative food and beverage companies in the world. Nooyi, who promoted Pepsi’s campaign to reduce sugar content in its drinks, is one of the small [...]
Men shouldn’t be shut out of the diversity debate August 6, 2018 How improve gender representation in business? It’s a challenge the City, with its historically male-dominated culture, has been grappling with for some time. From all-male boards to the debate around gender pay gaps, no firm can afford to be complacent. Some City women have taken it upon themselves to provide space and support for female [...]
Europe stands ground over US-Iran feud August 6, 2018 European leaders hit back yesterday at US President Donald Trump’s decision to reimpose sanctions on Iran, which took effect tonight. A joint statement from the UK, French, German and EU foreign ministers said they “deeply regret” the US decision to pull out of the Iran nuclear deal. Trump has repeatedly railed against the agreement signed [...]
UK Plc profits jump as banks and oil and gas prosper August 6, 2018 Profits at listed British companies surged in the last 12 months as the UK’s biggest firms boosted revenues, according to data published today. UK firms listed on the main market of the London Stock Exchange earned £210.8bn in the 12 months to the end of June, the analysis by the Share Centre shows – an [...]
Antisemitism oblivion could push Corbyn’s leadership over the edge August 6, 2018 In the wake of his appointment as Labour leader three years ago, it seemed that Jeremy Corbyn could do no wrong. His controversial history and past parliamentary rebellions were all proof of genuine commitment rather than poor judgement, and were a breath of fresh air in politics. But the decisions he is taking as [...]
Brexit via the lobby: Cicero’s executive chairman on why City lobbyists are about to focus on extending Article 50 August 6, 2018 The reputation of professional lobbyists – never particularly burnished, it’s fair to say – has gone through the wringer of late, with everyone from Boris Johnson to Greenpeace (itself active in that regard) sticking their oar in. There is a problem, acknowledges Iain Anderson, boss of the newly supersized City lobby firm Cicero, much of [...]
Mifid II loopholes are already paving the way for Mifid III August 6, 2018 | City Talk It has been about eight months since the EU’s implementation of the Markets in Financial Instruments Directive (MiFID II) and some early results are starting to come in. In June, the French market regulator Autorité des Marchés Financiers (AMF) voiced disappointment about the impact of MiFID II on market transparency, one of the directive’s key [...]