BlackRock smashes expectations as economic rebound swells assets under management October 13, 2021 The world’s largest asset manager BlackRock smashed profit expectations, driven by a booming global economy swelling assets under its wing. The US money manager ended the third quarter with $9.46 trillion in assets under management, up sharply from $7.81 trillion a year ago. Money managers have received a bump from investors deploying capital in financial [...]
Insurance broker Howden snaps up Aston Lark from Goldman Sachs in £1.1bn deal October 13, 2021 Employee-owned insurance broker Howden this morning announced it had agreed a deal with Goldman Sachs and Bowman to buy Aston Lark. The deal, thought to be worth more than £1bn according to people close to the broking firms, will give Howden access to the Aston Lark’s complex commercial and private client base. Howden will leapfrog [...]
HGV driver shortage restricts UK trade October 13, 2021 A reduction in trade with the EU drove down British exports as lorry driver shortages scupper the normal functioning of trade flows. Exports were £1.3bn lower in August compared to July, driven by a £600m fall in trade with EU countries, according to the Office for National Statistics (ONS). The contraction in exports was primarily [...]
Seven Mishcon de Reya lawyers jump ship to rival Greenberg Traurig ahead of IPO October 13, 2021 Seven senior Mishcon de Reya lawyers are defecting to rival global law firm Greenberg Traurig, in advance of Mishcon’s plans to float on the London Stock Exchange. The exodus of leavers includes Kathryn Garbett, Jo Rickards, Claire Broadbelt, Annabel Thomas, Martin Shobbrook, Hannah Blom-Cooper, and Matt Hancock who will join Greenberg Traurig as shareholders, the [...]
Dexter, Directors, and Dirt – an interview with Michael C Hall October 13, 2021 Michael C Hall is a busy man. Next month, he returns to his most famous role, serial killer Dexter, in a reboot of the award-winning drama. Before that he stars in John and The Hole, an indie thriller about a family held captive in a bunker by their teenage son. Hall talks getting his hands [...]
Volvo launches world’s first fossil-free steel vehicle October 13, 2021 Volvo Group launched today the world’ first vehicle made of fossil-free steel, announcing that more will follow in 2022 as part of the company’s pathway to reach net zero by 2050. Made in collaboration with Swedish company SSAB – which specialises in transforming raw materials into steel – the load carrier for mining and quarrying [...]
Momentum falters for Bitcoin but alts show fresh signs of life October 13, 2021 Bitcoin’s buoyant start to October is showing signs of flagging, with the price dropping more than four per cent over the past 24 hours from more than $57k to around $55k this morning.
Cryptoization threatens global economic stability warns IMF October 13, 2021 The IMF has said the adoption of crypto currencies as the main national currency carries “significant risks and is an inadvisable short cut.” In its latest global financial stability report the IMF cautioned that while the risks posed by crypto are “not yet systemic” the situation should be “closely monitored” by governments given the “global [...]
KPMG gave ‘untruthful defence’ in tribunal over £13m Silentnight fine October 13, 2021 The UK accounting watchdog has today denounced KPMG for knowingly giving an “untruthful” defence over its conflict of interest in the 2011 sale of Silentnight, for which it was fined £13m. The verdict of the Financial Reporting Council’s (FRC) disciplinary tribunal marks the first time ever that the body has found an accountancy to have [...]
UK economy returns to growth in August amid staycation boom October 13, 2021 The UK economy returned to growth amid a boom in staycation spending and Brits making the most of an easing in self-isolation rules by rushing to pubs, bars and restaurants. The economy expanded 0.4 per cent in August, a resumption to growth after the Office for National Statistics (ONS) marked down July’s figure to minus [...]
