Exclusive: Businesses with poor ESG credentials struggle to attract workers November 29, 2021 Companies that are failing to improve their environmental credentials are struggling to attract talent, according to exclusive figures shared with City A.M. today. Research carried out by business services provider DWF found two in five businesses are failing to find staff due to their environmental, social and governance (ESG) policies being perceived as “weak”. The [...]
Mel Stride MP urges chancellor to slash taxes to ease cost of living crisis November 29, 2021 The chairman of an influential group of MPs that scrutinises the spending plans of the government has told Tory chancellor Rishi Sunak to slash taxes to ease the cost of living crisis looming over Brits. Speaking to the PA news agency, Conservative MP Mel Stride, who chairs the Treasury Committee, called on the chancellor to [...]
Emails between Staley and Epstein are an ‘uncomfortable’ read, warns Barclays chief November 28, 2021 The chairman of British lender Barclays has told shareholders to brace for reading emails between the bank’s former boss Jes Staley and convicted sex offender Jeffrey Epstein. Nigel Higgins has reportedly told investors that emails between Staley and Epstein make for an “uncomfortable” read. The Mail on Sunday first reported the story. Staley unexpectedly quit [...]
All eyes on the open: Investors brace for choppy week as Omicron looms over markets November 28, 2021 Investors are bracing for a choppy week on markets as fears the new Omicron variant of coronavirus could derail the global battle against the disease spread rapidly. London markets capped off last week with a mauling driven by a wave of selling triggered by the emergence of the new Covid-19 variant which may have the [...]
A Black Friday on global markets as new Covid-19 variant engulfs investors November 26, 2021 Global markets tumbled today driven by investors being spooked by a fresh Covid-19 strain emerging in Southern Africa that has been described by scientist as the worst yet. In London, the FTSE 100 registered one of its day’s in months, shedding 3.31 per cent to plunge to 7,068.68 points heading into the final hour of [...]
Foundations laid for rate hike, signals Bank of England chief economist November 26, 2021 The Bank of England’s chief economist has given one of the strongest signals yet that the Old Lady will hike interest rates next month. Huw Pill, Threadneedle Street’s chief wonk, told the Confederation of British Industry’s (CBI) annual conference today that “the ground has now been prepared for policy action”. Pill highlighted a string of [...]
Senior Ofgem hire may have been prevented from taking on other roles by energy watchdog November 26, 2021 A senior figure at a failed energy supplier who has been hired by the energy regulator may have been prevented from taking executive roles at other companies under the watchdog’s own regime. Daniel Norton, who was previously commercial director of Colorado Energy, a supplier that went to the wall last month, could have been barred [...]
Global semiconductor crunch steers British car production to over six decade low November 26, 2021 An ongoing semiconductor crunch has caused British car production to slump to its lowest level in over six decades, reveal new figures published today. Vehicle production dropped 40 per cent over the last month as producers contest with an endemic shortage of chips that has snagged the motor sector for over a year. Mike Hawes, [...]
Three decade high inflation print will force US Fed’s hand, warns Goldman Sachs November 26, 2021 The US Federal Reserve will have to tighten policy much quicker than they want in order to hose-down runaway inflation, a leading Wall Street investment bank said yesterday. Goldman Sachs has bet on the Fed having to double the speed of scaling back its monthly asset purchases from January next year to and hiking interest [...]
Investors bet on global commodity boom continuing as miners lift London markets November 25, 2021 A rally among travel and industrial stocks lifted London markets yesterday as investors bet on betting on commodity prices still having room to climb. The capital’s premier FTSE 100 index added 0.33 per cent to close at 7,310.37 points, while the mid-cap FTSE 250 group of shares finished 0.49 per cent to 23,279.96 points. International [...]