Dividend powerhouse: Growth in Asia fastest in the world despite HSBC’s £6.1bn drop October 19, 2021 Looking at income, dividend growth in Asia Pacific has been significantly faster than the global average, up 139 per cent over the last ten years, compared to 109 per cent for the rest of the world. Dividend growth in South Korea has been surpassed only by Russia over that period. And this has continued during the pandemic, which has [...]
Uyghurs: MPs call for parliament pension fund to divest from Chinese firms : CityAM October 19, 2021 A cross-party group of 117 MPs have called for the Parliament Pension fund to divest from Chinese companies linked to Xinjiang – the region where Uyghurs are being ethnically cleansed. The group of MPs – which includes shadow foreign secretary Lisa Nandy, former Tory leader Sir Iain Duncan Smith and former cabinet minister Dr Liam [...]
Green light for South Korea as Squid Game fans flock to the country – CityAM : CityAM October 19, 2021 Travel search engine Kayak has registered a surge in the number of British people searching for flights to South Korea since Squid Game premiered on Netflix. Kayak’s research showed that searches have gone up 50 per cent since the South Korean dystopian drama premiered on 17 September. Under the current travel restrictions, travels from the [...]
Aggressive valuations: London home sellers overprice their properties by 40 per cent October 19, 2021 Home sellers across London are overpricing by as much as 40 per cent when it comes to the price at which they list their homes on the country’s major portals, versus the reality of what buyers will pay, according to new data shared with City A.M. this morning. The figures show that across Britain, the [...]
UK and Bill Gates pledge to spend £400m each on new green technologies : CityAM October 19, 2021 The UK government and Bill Gates have pledged to spend £400m each on new green technologies today at London’s Global Investment Summit. The £800m will go toward research and development of green technologies like green hydrogen, direct air capture and sustainable aviation fuel that are currently not viable for mass use. Also Read: Boris Johnson [...]
Exclusive: City investors know regulation is on the horizon for buy now pay later firms October 19, 2021 The Buy Now Pay Later sector (BNPL) has seen a surge of activity since the start of the pandemic as consumers turned to online shopping and welcomed the option to purchase trending items of clothing, beauty products and other goods without parting with all of their cash up-front. More and more BNPL options, including Klarna [...]
Regulate now or worry about it later: Klarna has rewritten its own rules – CityAM : CityAM October 19, 2021 Covid-19 accelerated the rocketship of Buy Now Pay Later schemes: over 10 million Brits used the service in 2020. This trend was growing before the pandemic though, with consumers drawn to a zero-interest product that saved them £76m in interest fees in 2020 that they would otherwise have paid on credit card interest. Before, consumers [...]
The CA Summit 2021: Grow chapter recap October 19, 2021 | City Talk The CA Summit sponsored by Markel Tax returned for an event split across three days starting on 5 October, which brought together the brightest minds from the worlds of finance, academia, and the technology industry to deliver a series of challenging, thought-provoking and truly motivational seminars to inspire ICAS Members around the globe. Redefining data Vivienne Artz [...]
Tesco opens new check-out free store October 19, 2021 Tesco has launched GetGo, its first checkout-free store in central London. The new store trial will allow customers to shop and pay without scanning a product or using a checkout. It is rolling out the technology to Tesco Express High Holborn. Customers with the Tesco.com app will now be able to check-in, pick up their groceries walk straight [...]
Boris Johnson hails £9.7bn in 2021 foreign investment at UK summit October 18, 2021 Boris Johnson will talk up £9.7bn in foreign investment deals the UK has attracted this year as he opens the three-day Global Investment Summit tomorrow. Johnson will open the summit, before having a “fireside chat” with Microsoft founder Bill Gates as the government continues its bid to increase business investment post-Brexit. However, the Prime Minister’s [...]