Exclusive: London holds the crown as the world’s greenest finance hub October 20, 2021 London reigns supreme as the world’s greenest finance hub, racing ahead of its European rivals to claim the sustainability crown. The City leapfrogged Amsterdam to nab top spot in a closely watched index ranking the world’s biggest finance hubs by their green credentials. The capital has the best sustainability standards in the world, hosting a [...]
Competition watchdog clears way for $44bn S&P Global and IHS Markit merger October 19, 2021 The UK’s competition watchdog has cleared the way for a multi billion pound merger between two of the world’s leading data providers. The Competition and Markets Authority said today the $44bn tie up between IHS Markit and S&P Global could be allowed to go ahead if competition concerns were addressed. The CMA uncovered limited competition [...]
London muscles out European rivals to regain listing crown October 19, 2021 London has muscled out its European rivals to regain its crown as the premium listing location on the continent. £3.9bn was raised from 11 listings in the City in the third quarter, blowing its European competitors out of the water. Its closest rival was Burssels, which raised £1.34bn from two listings in the same period. [...]
London markets muted as investors mull Bank of England’s next step October 19, 2021 London markets were muted during the opening session this morning as investors mull whether the Bank of England will hike interest rates next month. The capital’s FTSE 100 index inched down 0.02 per cent to 7,202.55 points during the first hour of trading. Several banking giants yesterday raised their forecasts for when the Old Lady [...]
Strong appetite for customised data lifts YouGov profits October 19, 2021 Strong demand for customised data lifted pollster YouGov’s profits to nearly £20m this year. Pre-tax statutory profits climbed 24 per cent over the last year, driven by robust appetite for in-depth research to feed into clients’ strategies. Revenues rose 18 per cent to £169m, up from £152.4m in the previous year. A 20 per cent [...]
Fiscal watchdog to hike growth forecasts to highest on record at budget October 19, 2021 The government’s independent fiscal watchdog will make the biggest ever upgrade to the UK’s economic growth rate at the budget next Wednesday. The Office for Budget Responsibility (OBR) will hike its forecasts for the British economy’s annual expansion rate to 7.5 per cent, according to the economic think tank the Resolution Foundation. This would be [...]
Government to force big business to reveal green credentials October 18, 2021 The government will force big businesses, large money managers and institutional investors to reveal their sustainability credentials under a fresh green reporting regime launched today. Under the new rules, launched by the Treasury, every investment product must for the first time ever break down the environmental impact of the activities it funds. Businesses will have [...]
Bank of England to hike rates in just over two weeks, warn top international banks October 18, 2021 The Bank of England will scale back the wave of stimulus it unleashed in response to the Covid-19 crisis in just over two weeks. That’s the warning from two leading international banks, who both ratcheted up their expectations for the first rate hike in over three years today. Wall Street giant Goldman Sachs brought forward [...]
Bank of England to hike rates in just over two weeks October 18, 2021 The Bank of England will scale back the wave of stimulus it unleashed in response to the Covid-19 crisis in just over two weeks. That’s the warning from two leading international banks, who both ratcheted up their expectations for the first rate hike in over three years today. Wall Street giant Goldman Sachs brought forward [...]
Weakening Chinese economy weighs on London markets October 18, 2021 A weakening Chinese economy weighed on London markets this morning as investor sentiment soured on concerns the global supply chain crisis will last longer than expected. The capital’s premier FTSE 100 edged down 0.12 per cent to 7,226.20 points during the opening session. China’s economy was dragged down by energy shortages, soaring commodity prices and [...]