Chairman of abrdn’s Chinese investment vehicle blames ‘zero-Covid-19’ policy for collapsing returns July 6, 2022 The chairman of abrdn’s Chinese investment vehicle has pinned collapsing returns on Beijing’s controversial ‘zero-Covid-19’ stance and geopolitical woes. While the country is still considered to have significant growth prospects in the long-term, returns on assets in the country have plunged 23 per cent in the six months to 30 April, reversing a nearly 19 [...]
Govt slammed as ‘flat-footed’ as MPs warn famous British goods to suffer under post-Brexit UK-Australia trade deal July 6, 2022 A Commons committee has warned that some famous British goods could lose out under the UK trade deal with Australia. The International Trade Committee Chair criticised “flat-footed” Government negotiating tactics, as cross-party MPs flagged concerns that household-name British products are set to lose out under the first full trade deal to be signed since Brexit. [...]
Abrdn launches £300m share buyback programme July 6, 2022 Asset manager Abrdn announced a £300m share buyback programme this morning as it looks to put excess cash back in shareholders’ pockets.
Stanley Johnson convinced his son will stay on as PM as he accuses Tories of ‘playing the man and not the ball’ July 6, 2022 The PM’s father Stanley Johnson was convinced his son would carry on as he accused of others of “playing the man and not the ball”. The 81-year-old told the Mail: “I am 100 per cent behind him. One hundred per cent and I am absolutely convinced that he will carry on.” The older Mr Johnson [...]
Starry Eyed: Advertising watchdog bans Ellie Goulding’s alcohol ads on Facebook July 6, 2022 Ellie Goulding's Facebook page adverts have been banned after the singer said the drink was low in calories and contains no sugar, implying it was good for you.
Make-or-break day for Boris Johnson as Tory calls for PM to resign grow louder after Sunak and Javid flee cabinet July 6, 2022 Prime Minister Boris Johnson wakes up to growing calls to resign after a wave of Government exits, including Cabinet resignations, are threatening to end his time in No 10. Rishi Sunak and Sajid Javid resigned immediately after the Prime Minister apologised for giving former deputy chief whip Chris Pincher a top job despite knowledge of [...]
‘Game over, Boris’: Papers give merciless verdict after night of drama in Westminster with Sunak and Javid gone July 6, 2022 “Game over”, declares the headline of The Times’ this morning, which adds it “is a mistake” for the Prime Minister to continue clinging to power because he “has lost the confidence of his party and the country”. It is one of the merciless headlines this a.m. as the national mastheads paint a grim picture for [...]
AO World looks to raise £40m amid cash crunch fears July 6, 2022 British electrical retailer AO World revealed it is looking to raise £40m today to shore up its balance sheet just days after its share price plunged amid fears over its cash reserves. It was revealed earlier this week that a third-party credit insurer serving some of the firm’s suppliers had slashed its cover in light [...]
Crypto regulation overlooks sustainability issues July 6, 2022 Discussions around crypto regulation gloss over the negative environmental impacts of crypto, with sustainability concerns overlooked, new research shows. Data from regulatory technology provider CUBE showed that just 0.1 per cent of crypto regulatory issuances in 2022 were focused on sustainability. The data does not take into consideration the EU’s MiCA regulation agreed last week. [...]
M&G snaps up major stake in non-bank lender Finance Ireland July 6, 2022 London-listed M&G revealed it has snapped up a major stake in Ireland’s largest non-bank lender Finance Ireland today, as the international savings and investments firm looks to diversify and expand. FTSE-100 M&G has taken a 41 per cent stake in the firm, bosses said, with the investment made on behalf of the £143bn Prudential With [...]