Exclusive: As Aviva sacks its fund managers, how to communicate such changes to shareholders? June 17, 2021 In this 2-part series, City A.M. zooms in on the relationship between investment boards, asset managers and shareholders. In the first instalment, a number of Square Mile-based investment managers discussed why and when investors come to realise the asset managers needs to be replaced, and how such decisions come about. Today, the City insiders debate [...]
Latest Crypto findings paint a positive and yet terrifying picture as dark underbelly lurks June 17, 2021 An estimated 2.3m adults hold cryptocurrencies, up from 1.9m last year, according to the City of London’s financial regulator. While ownership of cryptocurrencies has increased, understanding of them appears to have gone down, according to the findings from the Financial Conduct Authority, published earlier today. Attitudes towards cryptocurrencies, or cryptoassets, appear to have changed, according [...]
Investors are balancing crypto volatility with lower-risk bets, study shows June 17, 2021 Investors are offsetting crypto risk by diversifying their portfolios with lower-risk bets, according to new research. The digital currency has seen a period of intense popularity recently due to increased savings during the pandemic, as well as through endorsements from big corporations and influential public figures. Money management fintech Plum today published new data on [...]
UK and US agree to end long running Airbus-Boeing trade dispute June 17, 2021 The UK and US have agreed to a truce over the 17-year Airbus-Boeing trade dispute, with both sides set to suspend tariffs for five years. International trade secretary Liz Truss and US trade representative Katherine Tai agreed to create a new working group to consult on subsidies given to the aviation sector and non-market practices [...]
Storage firm Safestore posts jump in profit, driven by UK June 17, 2021 Safestore, the self-storage firm, this morning reported strong growth in profit for the first half of the year, and forecasts full-year earnings at the top end of the guidance range. Group revenue was up 11.1 per cent and like-for-like sales were up 8.3 per cent, with a 13.9 per cent surge in UK sales. [...]
Halfords reports boom in cycling sales during lockdown, but faces ‘acute’ supply shortages June 17, 2021 Halfords reported a continued surge in pandemic-inspired cycling sales but warned that supply shortages were a risk to its growth projections, in its annual results this morning. The retailer, which was classed as an essential retailer and was allowed to remain open during the lockdown, reported annual profits grew by 72 per cent, rising from [...]
US Open prize money 2021: How much can the stars of men’s golf win at Torrey Pines? June 17, 2021 US Open prize money reflects the event’s reputation as perhaps the most difficult of the four men’s majors. Whoever triumphs at Torrey Pines this week will take home a winners’ prize of $2.25m from a total pot of $12.5m. Those sums – frozen from last year – mean that US Open prize money remains the [...]
Change Starts Together June 16, 2021 | Sponsored The Lord Mayor’s appeal has launched a new storytelling campaign ‘Change Starts Together’ which aims to tackle the pressing issue of social mobility. Right now, Social Mobility has become a timely and important issue, as we see the huge impact the pandemic has had on those from lower socio-economic backgrounds. According to the Social Mobility [...]
‘Confident’ in vaccine supplies: Health department denies reports of Pfizer shortage June 16, 2021 The Department of Health has denied reports of supply shortages of the Pfizer vaccine as the Covid jab rollout extends to over-21s, after the government delayed “Freedom Day” by four weeks to vaccinate more people. “We are confident in our vaccine supplies as we rollout to younger age groups,” a spokesperson for the Department of [...]
Downing Street denies reports that working from home is here to stay June 16, 2021 Downing Street has denied reports that working from home will be encouraged even after the next round of restrictions are eased next month, saying that no decisions had been made yet. Politico reported today that ministers will advise people to still work from home where possible in the long run under plans being drawn up [...]