Liontrust: Investors pull £2bn in three months – but pre tax profits set to beat expectations April 19, 2023 Asset manager Liontrust said it had been a “challenging” year today as it reported heavy outflows in the final quarter of the year and a tumble in its managed assets.
Just Eat: Takeaway giant embarks on £132m share buyback scheme after 14 per cent dip in orders April 19, 2023 Just Eat will undergo a €150 million (£132m) share buyback scheme after the takeaway giant posted a 14 per cent loss in orders in the first leg of the year. The Danish company said that it was impacted by a “difficult pandemic comparison” as an end to lockdowns and a tightening on consumer spending pushed [...]
Tony Danker says CBI have thrown him “under the bus” in TV interview April 19, 2023 The ousted boss of the CBI Tony Danker has hit out at the business body’s decision to fire him, saying his reputation has been “totally destroyed.” Danker was given the push after a series of allegations that he made some staff feel uncomfortable and complaints about his behaviour. He stepped aside during the course of [...]
Credit Suisse in High Court tomorrow: Bank sued over securities linked to 2008 crisis April 19, 2023 Credit Suisse is set to appear at the High Court in London on Thursday to defend itself against a $160m (£129m) claim over allegations the Swiss bank made “fraudulent misrepresentations” related to the sale of residential mortgage-backed securities. The claim, brought by Loreley Financing, a subsidiary of German bank IKB, argues it was misled by [...]
AI better than our staff, reckon half of business leaders – so what does that mean for jobs? April 19, 2023 NEARLY half of business leaders reckon AI could replace humans, new data out today shows, but experts think job losses caused by mass adoption of tools such as ChatGPT would be limited. Some 44 per cent of C-suite executives think AI could perform tasks to a similar or better quality than humans, according to a [...]
City firms rush to hire sustainability experts to handle incoming ESG rules April 19, 2023 Over half of City firms expect to hire sustainability experts in the next 12 months as firms prepare to face tighter environmental regulations over the coming years. According to a report shared exclusively with City A.M. from recruiter Hays, 52 per cent of firms surveyed will hire experts in sustainability reflecting the growing importance of [...]
Top fund management group launches in London after ‘attack’ from US regulators April 19, 2023 A major US fund management body has announced a push into the UK today as its members come “under attack” in the US and look to capitalise on a more friendly regulatory environment.
We asked ChatGPT to write today’s headlines. We’d give it a B minus. April 19, 2023 ChatGPT can write a half-decent headline and turn out good news copy. But it lacks a certain flair and creativity.
Bennett on Business: The CBI must demonstrate value for money April 19, 2023 When it was founded in 1965, the Confederation of British Industry was intended to disrupt the cosy dialogue between the Wilson Government and the Trades Unions. Back then the Unions called the shots – they were invited into Number 10 to discuss industrial and economic policy, leaving assorted company leaders out in the cold. As [...]
Is Britain too squeamish for OnlyFans? April 19, 2023 When they talk about OnlyFans in the US, they talk about the business model. In the UK, they can't get past the fact it's making money off of sex.
