Recession jitters drive FTSE chiefs out of the top job April 24, 2023 Chiefs of the UK’s top companies have been exiting their roles at a doubly quick pace over the last year, driven by boards trying to insulate their firms from the economy being whacked by rising prices and interest rate hikes with a change in leadership, a new study out today shows. Some 38 chief executives [...]
FTSE 100 close: Markets end in the green before Easter weekend despite US recession fears April 6, 2023 London’s blue-chip index approached the Easter weekend higher as oil giant Shell lifted markets despite fears that the US economy might be slowing. The capital’s premier index ended 1.03 per cent higher at 7,741.56 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, closed 1.05 [...]
FTSE 350 firms up spending on ‘carbon offsets’ in race to net zero January 8, 2023 The UK’s top listed companies are increasingly using carbon offsets to achieve their net zero goals, new research shows. The vast majority (96 per cent) of Britain’s FTSE 350 companies have already upped expenditure on carbon credits over the past 24 months, while almost half (47 per cent) intend to increase spending dramatically over the [...]
London’s FTSE 100 kicked higher by Ocado skyrocketing 38 per cent November 1, 2022 London’s FTSE 100 kicked higher today, driven by middle class favourite and online supermarket Ocado being goosed after it said it was partnering with a South Korean retailer. The capital’s premier index climbed 1.29 per cent to 7,186.16 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the UK economy, added [...]
Exodus of London bosses as FTSE 350 CEO departures triple in just one year October 18, 2022 There has been a sharp increase in the number of FTSE 350 CEOs leaving their businesses. In fact, chief execs stepping down jumped by 162.5 per cent this year, compared to a year ago. The figures by advisory firm Russell Reynolds Associates are more extreme than those seen in the US where year to date [...]
More than 50 per cent of FTSE 350 board appointments in 2021 were women April 19, 2022 More than 50 per cent of board appointments to FTSE 350 firms last year were women, bringing the gender ratio closer to an even split. New figures from recruitment company MBS, show boardrooms are becoming more equal places, with a gain of 200 women in 2021, and men constituting 75 per cent of those having [...]
London Stock Exchange’s FTSE 100 plunges by more than 200 points as Ukraine war heats up rapidly February 24, 2022 The London Stock Exchange’s leading FTSE 100 index plunged more than 200 points, or 2.7 per cent, within moments of opening in reaction to Russia’s invasion of Ukraine. In response to the situation in Ukraine, Boris Johnson is leading a crisis meeting of senior ministers and officials to consider how to respond to Vladimir Putin’s [...]
FTSE: Markets heading for higher open today after NASDAQ recovers from 10-week lows January 11, 2022 Of the six trading days so far of 2022 the Nasdaq 100 has declined for four of them, falling to a 10-week low yesterday and into correction territory in the process, although it was able to finish slightly higher on the day, as buying interest started to come back in. On that score it was [...]
The year of the activist shareholder: Vocal investors rebel more as FTSE companies struggle to get directors re-elected and pay approved December 30, 2021 Investors in FTSE companies are becoming more activist, with a 29 per cent jump in shareholder votes against the re-appointment of directors, according to new data shared with City A.M. In total 42 directors have been subject to major dissenting votes against their re-election, compared to 30 in 2020, according to a new report from [...]
Boardroom bloody noses: Activist activity surges as FTSE firms feel the heat over pay and director votes December 13, 2021 There were plenty of bloody noses around FTSE boardrooms this year, with new data out today showing a surge in investor activism rattling remuneration committees over pay awards and spooking directors trying to get re-elected to their posts. Investors in FTSE 350 companies are increasingly more activist, with a 29 per cent surge in shareholder [...]