London retains crown as Europe’s top city for foreign investment – but investment remains subdued May 31, 2022 London has retained its crown as Europe’s most attractive city for foreign investment despite a slower-than-expected recovery from a pandemic slump, fresh data has revealed.
Chief executive pay at FTSE 100 firms bounces back to pre-pandemic levels May 30, 2022 The sums paid out to chief executives at the City’s major listed firms have bounced back to pre-pandemic levels, after jumping 30 per cent over the previous year to five year highs of £3.62m. The pay packages mark a return to levels last seen before the pandemic and a 30 per cent increase on the [...]
MPs set to scrutinise role of UK finance in net-zero transition as ESG debate rages on May 30, 2022 The role of the finance in driving the net-zero transition is set to be examined by MPs as a major debate rages on over the effectiveness of environmental, social and governance (ESG) investment.
Abrdn closes £1.49bn acquisition of Interactive Investor as it readies personal investing push May 30, 2022 Asset management giant Abrdn has completed its £1.49bn tie-up with investment platform Interactive Investor today after getting the greenlight from regulators.
Millions of UK households could face blackouts this winter due to war in Ukraine May 30, 2022 Millions of UK households could face blackouts this winter due to global shortages of natural gas caused by Russia’s war in Ukraine, the UK government has warned. As many as six million British households could be subjected to blackouts, if Russia makes further efforts to cut off the EU’s gas supplies, according to a Whitehall [...]
Woodford named in fresh lawsuit as investors look to recoup £18m three years after fund freeze May 29, 2022 Disgraced former fund manager Neil Woodford will be named in a fresh lawsuit this week as investors look to recoup losses following the collapse of his eponymous equity fund three years ago.
Nationwide boss takes aim at rivals over bank branch closures May 29, 2022 The outgoing chief executive of Nationwide Building Society has taken aim at rivals for shuttering swathes of branches around the country, as he doubled down on the firm's commitment to maintaining its high street presence.
US financial watchdog raises questions around Musk’s Twitter stake acquisition May 28, 2022 The US Securities and Exchanges Commission (SEC) has cast doubts over the legality of Elon Musk’s failure to properly disclose his acquisition of a 9.2 per cent stake in Twitter for $2.6bn, before launching his bid to takeover the social media firm. In an April 4 letter to the richest person in the world – [...]
Iran seizes Greek oil tankers in escalation of Tehran’s spat with Western powers May 28, 2022 Iran’s Revolutionary Guards have seized two Greek oil tankers, after the Iranian government said it would take “punitive action” against Greece over its seizure of an Iranian oil cargo last month. Iran’s Islamic Revolutionary Guard Corp (IRGC) said it had seized two Greek tankers sailing in international waters off the coast of Iran. The seizures [...]
Shell: ‘We understand worry for millions – but windfall tax creates uncertainty’ May 27, 2022 Shell has slammed the government’s windfall tax. It said while it “understands the worry for millions” about the cost of living crisis, the new tax creates “uncertainty” about investment in the UK energy sector. This follows Chancellor Rishi Sunak announcing a so-called Energy Profits Levy, a 25 per cent surcharge on North Sea oil and [...]