Bank of England boss Bailey rebuffs claims he ‘bottled it’ on interest rate call – CityAM : CityAM November 5, 2021 The Governor of the Bank of England Andrew Bailey has pushed back on criticism that he talked up a interest rate rise, then failed to follow through. Bailey denied the Bank of England “bottled it” yesterday, adding: “We expect interest rates to rise and we are very clear”. The pound sank against the dollar yesterday [...]
British Airways owner IAG sees losses shrink to €2.6bn as Covid travel restrictions ease – CityAM : CityAM November 5, 2021 The owner of British Airways and Iberia, IAG, reported a shrinking €2.6bn (£2.3bn) for the first nine months of 2021, with passenger numbers slowly returning to the skies. For the third quarter, the airlines group reported an operating loss of €452m compared to € 1.9bn for the same period last year. Also Read: Business travel [...]
How finance can help forge a cleaner future for all November 5, 2021 | City Talk This article first appeared in ICAS’ CA magazine. Finance can help forge a cleaner future for all, and the contribution of accountants will prove essential, says James Alexander, CEO of the UK Sustainable Investment and Finance Association Earlier this year, the UK Sustainable Investment and Finance Association (UKSIF) celebrated its 30th birthday by publishing its policy [...]
Mayor of New York reveals he will be paid in Bitcoin November 4, 2021 Soon-to-be Mayor of New York, Eric Adams, has declared he will be paid in Bitcoin when he takes office on January 1.
A happier theme for Christmas 2021 with the release of TK Maxx and Joules’ ads November 4, 2021 The emerging theme for this year's Christmas is a resounding 'better than last year' sentiment, with John Lewis and M&S dropping their heartfelt ads yesterday.
COP26: Global pact will ‘consign coal to history’ says Alok Sharma – CityAM : CityAM November 4, 2021 The end of coal production is in sight, argues Cop26 president and cabinet minister Alok Sharma, as 46 countries agree to phase out the world’s most polluting energy source. Coal is responsible for 46 per cent of carbon dioxide emissions worldwide. The countries have committed to ending coal power usage in the 2030s across major [...]
Bitcoin steadies after Fed announcement November 4, 2021 The price of Bitcoin is down around two per cent since yesterday morning, although it continues to hold above $61k.
A display of innovation and opportunity in the UK’s National AI Strategy November 4, 2021 The UK has published its National AI Strategy representing a step-change in the national industrial, regulatory, and geo-strategic agenda.
Letters: Heathrow on the chopping block – CityAM : CityAM November 4, 2021 [Re: APD tax cut, November 1] Last week’s announcement of a 50 per cent cut to Air Passenger Duty on domestic flights is worrying. Not because we are against flying per se, but because if more people choose to take domestic flights resulting from this cut, as the Treasury predict, then this sets a dangerous [...]
Sainsbury’s boss: We’ll avoid worst of Christmas supply issues November 4, 2021 Supermarket Sainsbury’s said it experienced a boost to profit in its half-year results, thanks to higher grocery sales – and its CEO said it was well-placed for Christmas despite supply chain uncertainty. For the 28 weeks ended 18 September, the grocer reported underlying profit before tax of £371m, up 23 per cent versus the first [...]