City Moves: Who’s switching jobs in the Square Mile? March 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tilney Smith & Williamson Wealth management and professional services group Tilney Smith & Williamson, which is set to re-brand to Evelyn Partners in the summer, has bolstered its London financial planning with a new director. Francesca Allard, [...]
Sunak wants to be a low-tax Tory but instead he’s following the US and picking winners March 25, 2022 When Frank Sinatra first uttered the words “the best is yet to come”, the UK’s fiscal strategy probably couldn’t have been further from his mind. But the words ring true after a spring statement that did little to make life any easier for those of us who make a living trying to read the Chancellor’s [...]
An Evergreen gift: supply chain plans need to move from the Dark Ages onto our screen March 25, 2022 In March last year, the plight of a ship, stuck in the Suez canal became a fixation for people across the world. The Ever Given became grounded and caused reverberations to global supply chains for weeks. The latest misadventure is that of the ironically named Ever Forward, which grounded in Chesapeake Bay near Baltimore, Maryland. [...]
‘Wall of worry’ knocks UK consumer confidence March 25, 2022 “A wall of worry” made up of a 30-year high inflation rate, the Russia-Ukraine war and looming tax hikes is plaguing UK households, reveals a closely watched survey released today. Brits’ optimism dropped five points to minus 31 this month marking the fourth month in a row consumer confidence has fallen, according to research firm [...]
The public shaming of P&O won’t help us give up the habit of exploitation for good March 25, 2022 We all know the playbook by now. Big corporation does something immoral or illegal, often both. Cue public outcry and calls for “something to be done”. The chief exec is hauled before a parliamentary committee to account for himself (it’s usually a man) and then, well … that’s often where things end. But this time, [...]
Editorial: P&O boss’s performance is a slow motion ferry crash into reputational damage March 25, 2022 If one of London’s esteemed public relations agencies was involved in the briefing of P&O boss Peter Hebblethwaite before his appearance in front of a parliamentary committee yesterday, it would perhaps be wise for said firm not to put it in their next pitch document. In the annals of disastrous select committee hearings, this was [...]
UK car production falls for eighth consecutive month following chip shortages March 25, 2022 The UK’s automotive output fell 41.3 per cent in February as chip shortages don’t seem to end. According to data from the Society of Motor Manufacturers and Traders (SMMT), car production went down to 61,657 units produced, the worst February since 2009. Production for the domestic market went down 35.8 per cent, while overseas markets [...]
Government commits to ten-fold increase in EV public charging by 2030 March 24, 2022 The UK Government committed £500m to increase the number of public electric vehicle (EV) charge points by a 10-fold. Under the new Electric Vehicle Infrastructure Strategy released tonight, EV owners will see public charge points go from 30,000 to 300,000 by 2030. In addition to public infrastructure, the government will also focus on rolling out [...]
What impact is “greenflation” having on commodities? March 24, 2022 Under-investment in the supply of commodities across energy, metals and agriculture, as a result of policies to mitigate climate change, is limiting supply growth and driving prices higher. Commodities outperformed bonds and equities for the first time in almost a decade in 2021. Even before the Russian invasion of Ukraine, these trends looked set to [...]
Top firms mull pension hikes to keep pace with inflation March 24, 2022 FTSE 100 firms are mulling discretionary pension hikes as soaring inflation threatens to outpace the rate of annual growth in payouts, according to a top pensions consultant.
