Consumer confidence drops further as cost of living concerns intensify due to skyrocketing bills February 7, 2022 Consumer confidence dropped further in the fourth quarter of last year as Brits concerns about the cost of living intensified. Skyrocketing bills resulted in UK consumer confidence falling one percentage point at the end of last year, to minus 11 per cent, according to the latest Deloitte Consumer Tracker. Cost increases for utilities and groceries [...]
New campaign champions £11tn UK asset management industry February 7, 2022 The City of London Corporation is working with the government on a campaign promoting the UK as a leading global investment management centre.
Our regulators can protect high standards and deliver strong competition in the UK February 7, 2022 The UK’s banking and finance markets are fiercely competitive, with firms fighting for business and customers every single day. At the same time, the UK competes with financial centres around the world to secure business and attract new investment and talent. Late last year, the Treasury set out a range of proposals to help ensure [...]
Govia Thameslink hires more women and BAME as part of diversity push February 7, 2022 Rail operator Govia Thameslink has registered a surge in the uptake of women and Black, Asian Minority Ethnic (BAME) recruits as part of its diversity push. The group – who operates Great Northern, Southern and Thameslink – has reported that in 2021 34 per cent of new recruits were women while 27 per cent were [...]
Kindred Group lowers revenue from high-risk players ahead of government white paper February 7, 2022 Kindred Group has lowered the revenue derived from high-risk players in the UK ahead of a government’s white paper on gambling. Data showed that UK revenues from high-risk behaviours fell at a rate of 16 per cent. In the first quarter of 2021, the group’s UK earnings obtained through harmful gambling was at 5.5 per [...]
Abrdn forced to delay £1.5bn Interactive Investor takeover due to global paper shortages February 6, 2022 Edinburgh headquartered asset manager Abrdn has been forced to delay a shareholder ballot on its plans to launch a £1.5bn takeover of online investment platform Interactive Investor, because of an international paper shortage. Abrdn had hoped to let shareholders vote on its plans to takeover Interactive Investor ahead of its results. However, the Scottish asset [...]
Bailey should leave the commentary to the commentators February 6, 2022 It used to be said that the Governor of the Bank of England could keep the City of London on an even keel with the slightest flicker of an eyebrow. Andrew Bailey took a different tack last week – raising the entire nation’s eyebrows with a somewhat ill-advised suggestion to the nation’s workers that they [...]
More than 1,000 London buildings require emergency fire measures including waking watches February 6, 2022 More than 1,000 buildings in London necessitate emergency measures, including security patrols, because of fire safety defects, five years on from the Grenfell Tower disaster. A total of 1,149 buildings in the capital need measures including ‘waking watches’, according to the latest data from the London Fire Brigade, which was first reported by the Evening [...]
Truss: Russian assurances they will not invade Ukraine are ‘false’ February 6, 2022 Russia’s assurances that they have no plans to invade Ukraine are “false”, according to foreign secretary Liz Truss. Truss last night warned against Russia’s “attempts to subvert and threaten” its neighbour in the wake of new US intelligence suggesting Vladimir Putin could invade Ukraine in just days. New US intelligence assessments found Russia is close [...]
Private equity firms circle embattled retailer THG February 6, 2022 Troubled e-commerce retailer THG is being circled by private equity firms for a potential buyout. Representatives from Advent International have reportedly visited the firm’s Manchester headquarters while LA-based Leonard Green is understood to have also expressed an interest. Shares leapt 16 per cent on Friday following speculation about private equity interest in a Betaville blog [...]
