Tell Sid 2.0: Archie Norman’s plan to rebuild shareholder capitalism in a digital age April 3, 2023 THE M&S chair Archie Norman wants digital AGMs and a more streamlined approach to investor communications as part of an effort to bring shareholder capitalism into the digital age. Norman has written to business secretary Kemi Badenoch on behalf of the ‘share your voice’ campaign, supported by the Quoted Companies Alliance and shareholder lobby groups. The City grandee [...]
Recession fears see Brits stock up on own-brand kitchen staples April 3, 2023 THE COST of living crisis is beginning to be felt in the pockets of ordinary punters – with more than one in three turning towards own brand products to keep the kitchen cupboard stocked. New research from KPMG suggests more than half of UK consumers have reduced ‘non-essential’ spending amid recession fears, with eating out top of [...]
No firms charged with ‘failure to prevent’ tax evasion in 6 years – here’s why April 3, 2023 The UK taxman has not charged any British firm with the ‘failure to prevent tax evasion’ offence since it was introduced six years ago, HMRC has confirmed. Under the offence, introduced in 2017, a British company can be criminally prosecuted if it was found to have not put adequate checks and systems to prevent its [...]
Ithaca Energy hesitates over stake in controversial Rosebank oil field April 3, 2023 Ithaca Energy is hesitating over plans to develop Rosebank, unless a price floor is brought into the windfall tax, City A.M. understands.
UK’s major listed companies given ESG scorecards – and it doesn’t look good April 3, 2023 ‘Management of emissions’ and ‘air pollution’ are the biggest ESG risk factors for the UK’s largest listed companies, according to new research by reinsurance firm Chaucer. On average the UK’s largest listed companies scored just 13.7 and 14.3 out of 100 for ‘management of emissions’ and ‘air pollution’, respectively. On the positive side, listed companies [...]
James Watt: I want to help young entrepreneurs learn from Brewdog mistakes April 3, 2023 Most public figures who have found themselves embroiled in the number of scandals that James Watt, the chief executive of craft beer firm BrewDog, has managed would by now surely have retreated from the public spotlight. However, that is not Watt’s style. The outspoken founder of the Punk IPA brand is once again generating his [...]
Home REIT: Key tenant slips into arrears as shareholders say it’s getting “worse” April 3, 2023 The boss of Home REIT’s now-bankrupt biggest tenant controlled nearly a quarter of the firm’s rental income via three different companies – none of which have paid rent to the firm, City A.M. can reveal. Gurpaal Judge, the chief of Home REIT’s collapsed biggest tenant Lotus Housing, also ran tenants Redemption and Eden Safe, which [...]
We can’t allow New York or Paris to further chip away at London’s competitive edge April 3, 2023 Competitors, such as New York, are continuing to make great strides in areas such as tech investment - one of London's key strenghts.
A six month pause on new artificial intelligence won’t stop the race for dominance April 3, 2023 Elon Musk and more than a thousand other tech experts want a pause to new AI development, but there's no real incentive for a ceasefire, writes Chris Mallows.
China’s undeclared information war with Taiwan is a warning from Beijing April 3, 2023 We can't afford not to care about what happens between China and Taiwan. And it's not a matter of "if" anymore - it's a matter of what we'll do when Beijing challenges Taiwan, writes Eliot Wilson
