The ICAS public voice – the corporate ecosystem post-covid September 23, 2021 | City Talk As we begin to emerge from Covid-19, a key strand in the public policy work undertaken by ICAS relates to reforming the corporate ecosystem. From a public interest perspective, our role is to share insights, shaped and informed by the views of ICAS Members, into the many complex issues and decisions involved in developing high-quality [...]
Bank of England’s reputation is at stake in the interest rate tragicomedy September 22, 2021 Misplaced expectations often lead to wasted time. Pip, Vladimir and Estragon waiting for Godot, and even England fans crying out for the arrival of Jack Grealish during Euro 2020. These stories teach us that banking on something to happen can lead to opportunities going amiss. The Bank of England could be lumped into that group [...]
British company inks Japan electric aircraft deal worth up to $800m September 22, 2021 A British manufacturer, leading the transition to carbon free aviation, has inked a deal to introduce its flagship electric aircraft to the Japanese market. Bristol based Vertical Aerospace has agreed a partnership with Marubeni Corporation, a leading Japanese trading and investment conglomerate to explore sustainable, emissions free aircraft. City A.M. understands the deal could be [...]
US Fed to rein in bond buying soon but keeps rates steady September 22, 2021 The US Federal Reserve held rates at record lows today, but did formally recognise it will likely rein in bond buying this year. The Federal Open Market Committee (FOMC) kept rates unmoved at 0-0.25 per cent, but said if the economy continues on a positive trajectory, it “judges that a moderation in the pace of [...]
FRC calls for businesses to better report longer-term viability for investors September 22, 2021 The Financial Reporting Council (FRC) has called for businesses to better report their longer-term viability and liquidity to investors – particularly during times of economic uncertainty. It forms part of the financial watchdog’s findings in a review of companies’ viability and concern disclosures amid the Covid-19 pandemic, which has pushed heightened levels of market [...]
Lord Mayor calls on financial regulators to focus on innovation and sustainability September 22, 2021 | City Talk Lord Mayor of the City of London, William Russell, will tonight (22 September) deliver a speech at the City Dinner at The Mansion House to an audience of senior regulators and representatives from across the financial and professional services industry. Lord Mayor William Russell will speak alongside Sam Woods, Deputy Governor of the Bank of England [...]
Debt payment by Evergrande eases market jitters over messy default September 22, 2021 Evergrande said today it will make a payment due on a domestic bond, easing jitters over a messy default, for a little while at least. Watch the full report.
Hours after IPO, Universal Music faces competition inquiry September 22, 2021 Hours after its shares surged by more than a third on its trading debut, Universal Music and other major record labels have been threatened by an official investigation into their dominance of the music market. Government ministers have called on the UK’s competition watchdog to take the first step towards regulatory action and conduct a [...]
Exclusive: Chatrooms and Reddit groups increasingly drive traders’ decisions September 22, 2021 Chatrooms and social media groups are increasingly driving UK traders’ investment decisions, according to new data that was exclusively shared with City A.M. today. UK investors are catching the investment chatroom bug with nearly one in ten regular traders using chatrooms to research ideas, ETP provider GraniteShares has found. Subreddits such as WallStreetBets are increasingly [...]
FTSE 100 tops 7,000 as investors eye Fed rate decision September 22, 2021 London’s FTSE 100 topped the 7,000 this morning as investors shift their focus from the potential impact if embattled Chinese property developer Evergrande collapses to today’s rate decision by the US Federal Reserve. The capital’s premier index climbed 0.87 per cent to 7,041.72 points during early exchanges. The US central bank will announce its next [...]