Jobs market turbulence after furlough fails to rear its head as Brits in work swells 0.6 per cent to over 29m November 16, 2021 An expected wave of job losses after government support measures propping up the jobs market were pulled has seemingly been averted. The number of payrolled employees climbed 160,000 over the last month, or 0.6 per cent, to 29.3m. This is the first period which the Office for National Statistics (ONS) has examined the labour market [...]
Shell moves to UK and ditches ‘Royal Dutch’ name amid lengthy tax dispute and activist pressure November 15, 2021 Royal Dutch Shell is moving its headquarters, top executives, and crucially, its tax residence from The Hague to the UK. The move prompted the Dutch government to overhaul a controversial dividend tax which the energy giant had cited as a reason to unify its share structure and shift bases, according to the Financial Times. Shell [...]
Bailey hot under the collar over price rises as City warns BoE inflation will scale to double its target November 15, 2021 The governor of the Bank of England is deeply agitated by red hot inflation in the UK despite voting in favour of leaving interest rates unchanged at a record low. Responding to a grilling by MPs, Andrew Bailey said he was “very uneasy about the inflation situation”. Inflation is “not of course where we want [...]
City warns Bank of England inflation will soar to double its target November 15, 2021 Inflation in the UK will scale to double the Bank of England’s target, raising fresh questions over the credibility of the Old Lady’s actions, City economists have warned. A toxic combination of soaring petrol, energy and food costs and restaurants hiking prices after the end of a VAT tax holiday will lift inflation to around [...]
Exclusive: LSE’s AIM sub-market sees its biggest growth in 15 years November 15, 2021 The AIM market has grown by a net 13 companies in since last year, its largest increase in 15 years with 62 new companies listing on the junior market, according to data that was exclusively shared with City A.M. this morning. Currently, there are 750 companies listed on AIM, which experienced an overall 8 per [...]
Two charts that show global supply chain issues could be starting to ease November 15, 2021 | City Talk Supply chain issues that have weighed on the economic recovery are showing signs of easing as we approach the end of 2021. This could support growth, which slowed significantly in the third quarter, and provide at least a temporary tailwind for financial markets. For some time now, the global chip shortage has hampered the production [...]
London markets kick off week in positive style on Shell UK commitment November 15, 2021 London markets kicked off the new week in positive fashion today, boosted by oil mega cap Royal Dutch Shell. The capital’s premier FTSE 100 index gained 0.14 per cent to hit 7,358.35 points, while the mid-cap FTSE 250 advanced 0.25 per cent to 23,625.56 points. The City was buttered up by oil giant Royal Dutch [...]
Dividends scale to new heights as companies shake off pandemic hangover November 15, 2021 Companies are rewarding shareholders with record levels of dividends as corporate balance sheets shake off the hangover of the Covid-19 crisis. Firms paid shareholders $403.5bn in dividends in the third quarter of the year, the highest total ever recorded for the three months to September, research by Janus Henderson has found. Dividends are 22 per [...]
Exclusive: More than half of all UK small businesses rely on credit to pay for insurance November 14, 2021 Nearly six in ten small business across the UK rely on credit to pay for their insurance, borrowing on average around £1,832, according to new research that was exclusively shared with City A.M. this weekend. Some 16 per cent of SMEs claim to be using over £3,000 of credit a year to buy their cover, [...]
London markets dip as Darktrace continues to tumble November 12, 2021 Cambridge-based cybersecurity firm Darktrace continued to tumble today, dragging London markets down with it. The capital’s premier FTSE 100 index dipped 0.49 per cent to 7,347.91 points, while the mid-cap FTSE 250 lost 0.07 per cent, falling to 23,557.52 points. Darktrace plunged over four per cent during morning exchanges, extended a brutal period for the [...]