PZ Cussons: ‘No rush to go shopping’ for further acquisitions until ‘right brands’ available September 22, 2022 PZ Cussons has said it is “not in any rush” to pick up further brands as the Carex maker saw quarterly sales rise. After snapping up the baby goods brand Childs Farm, PZ Cussons was in “no rush” to add more firms to its portfolio, the consumer goods giant’s CEO Jonathan Myers told CityA.M. on [...]
Playtech registers ‘ahead of expectation’ performance as earnings up 64 per cent September 22, 2022 Playtech’s registered a “ahead of expectations” performance driven by growth in both the Americas and Europe. For the six months ended 30 June, the gambling developer posted an adjusted EBITDA of £178m (€203.8m), up 64 per cent on last year’s levels. The company’s revenue went up 73 per cent to €792.3m, while its adjusted post-tax [...]
Happy Vasil Day! Much-anticipated Cardano upgrade goes live today September 22, 2022 Cardano's long-awaited Vasil hard fork will be implemented today as dawn of a new era begins for ADA's blockchain.
JD Sports’ chair: Governance changes won’t ‘kill entrepreneurial spirit’ of retailer September 22, 2022 JD Sports’ new chair Andrew Higginson has said corporate governance changes will bring the retailer up to pace without being too “heavy handed.” The trainer seller recently created distinct roles of chair and CEO, after the departure of former boss Peter Cowgill earlier this year. After decades at the helm of the London-listed firm, Cowgill [...]
Two BP workers dead after refinery blaze September 22, 2022 Two BP workers have died following a fire at an oil refinery. The unnamed workers were stationed at bp-Husky Toledo Refinery in Ohio, the US. In a statement, BP said: “It is with deep sadness we report that two bp staff injured in a fire at the bp-Husky Toledo Refinery have passed away.” “Our thoughts [...]
UK music biz struggles to keep up with pre-pandemic economic boom September 22, 2022 The UK music industry is still struggling to keep up with pre-pandemic levels, as the sector calls for more support. According to fresh data from industry body UK Music, the sector’s contribution to the UK economy in 2021 was £4bn – up 26 per cent on the £3.1bn figure for 2020, but still down 31 per [...]
From Thatcher to Truss: stop equating female leaders with feminist leaders September 22, 2022 In Liz Truss, we now have our third female prime minister and our second in a decade - a laudable achievement. It is important not to confuse a female body for a feminist mind.
Let’s be honest, stamp duty is a terrible tax killing economic growth and productivity September 22, 2022 Tomorrow’s mini-budget is turning into a super-budget. The changes were already looking drastic, from the energy price freeze and scrapping the bankers’ bonus to reversing the national insurance and corporate tax rises. The latest reports suggest the prime minister and her chancellor are even intending to cut stamp duty. “This is about growing the size [...]
Britain’s millionaires still feel like they are cash poor September 22, 2022 In 2021, global wealth grew by 12.7 per cent according to the latest Credit Suisse Global Wealth Report, published this week. There are now over 60 million millionaires in the world, more than twice as many as in 2011, a mere decade ago. Britain has 4,180 people who are worth over $100m each, and a [...]
London breezes past European rivals to retain finance hub crown September 22, 2022 London has breezed past its Continental rivals to retain the title of Europe’s top financial hub, research shared exclusively with City A.M. today shows. The capital’s deep highly-skilled talent pool helped drive it to the top of the European rankings in the 32nd edition of Z/Yen’s global financial centres index (GFCI). The Square Mile has [...]
