Capital raising in the City picks up despite ongoing Covid disruption as listed firms pull in close to £25bn this year December 29, 2021 UK listed companies have raised more than £12bn in new capital from investors in the second half of the year, bringing the total so far for 2021 between January and November to £24.7bn, according to data shared with City A.M. This represents the second highest total since 2009, following on from 2020 when £34.4bn was [...]
The mining industry enters its most important decade with all eyes on Saudi Arabia in 2022 December 28, 2021 The international mining industry is facing arguably “its most important decade” as the world starts the transition from fossil fuels to renewable energy, the CEO of the International Council on Mining and Metals (ICMM), Rohitesh Dhawan, said in an interview earlier this month. Dhawan emphasized that mining will be at the very center of this transition because [...]
2021: Best year ever for UK tech sector with £26bn in VC, 116 unicorns, record London listings and more jobs December 28, 2021 The UK tech sector looks back on its best year ever, raking in £26bn in venture capital, record London listings, more jobs and the number of British unicorns climbing to 116. Success feeds cities outside London as Cambridge has become the leading regional tech city in the UK thanks to its combination of high levels [...]
Just days until LIBOR switch to SONIA: FCA measures likely to postpone potential wave of litigation, for now December 28, 2021 With the deadline for banks to stop using LIBOR as an interest rate benchmark just a few days away, new measures taken by the Financial Conduct Authority (FCA) mean a possible wave of litigation will likely be avoided for now, though it could be “a problem postponed, rather than solved”, a leading Square Mile lawyer [...]
Energy boss calls out government inaction ahead of crunch meeting December 27, 2021 The boss of Ovo Energy has called for urgent government action warning the current market structure "isn't fit for purpose."
Covid-19: Tory MPs turn on scientific experts in build up to lockdown decision December 27, 2021 Tory MPs have been attacking the government's scientific experts to discourage the Prime Minister from introducing new Covid curbs.
Coronavirus D-Day as Boris Johnson holds emergency meeting to weigh fresh Covid restrictions or even new lockdown December 27, 2021 England is heading for a decisive afternoon as the Prime Minister will hold a crucial meeting later today to assess whether new or additional Coronavirus restrictions are needed to slow the rapid rise in infections as a result of the Omicron variant. Boris Johnson is due to be presented with the latest Covid data today [...]
South Africa demands compensation from UK for economic damage caused by Covid travel red list in response to Omicron variant December 27, 2021 South Africa is calling for compensation from the UK for the economic damage the country suffered after it was placed on Britain’s Covid travel red list in November. South Africa’s Department of International Relations is demanding compensation after the movement of people was severely restricted, saying Africa’s largest economy took a serious beating because of [...]
Half of all UK bank branches have been shut or are scheduled for closure as fintech kills off 736 locations in 2021 alone December 27, 2021 New figures published this morning show that the number of bank branches across the UK is dropping dramatically. In fact, nearly half of all banks’ branches have been lost since 2015, or are scheduled for closure, according to Which? Vulnerable customers are being left at risk of being “cut adrift”, the consumer organisation said after [...]
Binance receives nod of approval from Bahrain regulator December 27, 2021 Embattled crypto exchange Binance has received a nod of approval from Bahrain's central bank amid a push into the Persian Gulf.