Home REIT faces legal threat from biggest tenant over £5.5m rent relief deal January 11, 2023 Troubled social housing investor Home REIT is facing a legal challenge from its biggest tenant after trying to renege on a £5.5m rent relief deal it struck due to the dilapidated state of its properties, City A.M. can reveal.
Here comes the sun: Octopus boosts home offering with solar panels January 11, 2023 Octopus Energy is wading into the solar installation market, bolstering its catalogue of green energy solutions for the home.
LVMH boss promotes daughter Delphine Arnault to top position at Dior January 11, 2023 LVMH chairman and CEO Bernard Arnault has appointed his daughter Delphine Arnault as CEO of Christian Dior in a management shake-up. She succeeds Pietro Beccari, 55, who has headed Dior for nearly 12 years but has also been promoted. He is set to take over as CEO of Louis Vuitton from Michael Burke, who will [...]
City watchdog slaps Al Rayan Bank with £4m fine for ‘egregious’ anti-money laundering failures January 11, 2023 The Financial Conduct Authority issued a £4m fine to Al Rayan Bank on Wednesday for “egregious” failures in its anti-money laundering rules. The FCA said that between April 2015 and November 2017, Al Rayan allowed money to pass through the bank and be used within the UK “without carrying out appropriate checks.” Al Rayan is [...]
How recession in the US is expected to affect bank earnings this week January 11, 2023 US earnings season kicks off later this week with a string of results from some of the country’s largest banks. JP Morgan, Citi Group, Wells Fargo and Bank of America will all release results on Friday in an interesting environment – to say the least. While higher interest rates have led to record levels of [...]
Apple and Samsung smartphone screen supplier expands Vietnamese production capacity January 11, 2023 Chinese technology group BOE, which supplies both Apple and Samsung, is preparing to build two new factories in Vietnam. The smart display company plans to invest up to £330m ($400m) in its expansion, according to Reuters. It wants to rent up to 100 hectares of land in the northern region, 80 per cent of which will [...]
Can British bullishness tackle one of the globe’s biggest climate problems? January 11, 2023 | Sponsored It’s not a myth. Climate change is here and it’s happening — it’s not just happening in David Attenborough documentaries. The effects of climate change are measured and proven — ice caps melting, rainy seasons are getting shorter, vegetation is drying out and dying, more cloud cover, record heat temperatures, the weather is becoming more [...]
NatWest helps firms and customers concerned with ‘cutting back on food and groceries’ January 11, 2023 NatWest has announced new measures to help squeezed businesses and customers in debt after noticed people are cutting back on food and fuel amid decades-high inflation. The banking giant, which was majority owned by the UK Government until last March, said it was extending the repayment period for customers who have missed several payments on [...]
Investing in emerging markets is like sex: For good or bad depends on your position. January 11, 2023 | Sponsored It’s not a bandwagon, Africa’s emerging market is a hotbed for foreign investors; 75% of total investment in 2021 was made by foreign investors. Across all investors, Africa received a significant injection of cash: a grand total of $5.2bn was invested across 604 companies, 4 startups of which are now worth over $1bn. West Africa [...]
Now that you’re asking where your supplies come from, we should talk. January 11, 2023 | Sponsored As the world faces a shortfall of both energy supplies and critical metals, difficult decisions are being made to meet the growing supply gaps without risking new dependencies on unsustainable producers or compromised geopolitical actors. Quite a problem for some; particularly for a range of European countries and firms in light of the Russian invasion [...]