Who’s Who: Top ten earning FTSE 100 CEOs take home £89.5m August 19, 2021 A new report has revealed that the top ten earning FTSE 100 CEOs took home £89.5m between them in 2020. Pascal Soriot, the chief executive of AstraZeneca, topped the list taking home a healthy paycheck of £15.45m. The report, published by the High Pay Centre, noted that Soriot’s earnings were well above the average pay [...]
Alibaba shares sink to record low as China regulations on tech continues August 19, 2021 Alibaba Group shares sank by 5.4 per cent to a record low in Hong Kong on Thursday, following the latest round of regulations on Chinese tech giants by Beijing. The shares fell after China reportedly said it was looking at separate and new regulatory proposals including heightening oversight of the live streaming industry and ensuring the [...]
McBride’s profit warning on lorry driver shortage sends shares lower August 19, 2021 McBride shares sunk at the open this morning after the cleaning products maker said profits would be significantly lower than expectations. The cleaning products maker warned that profits for the year to next June are likely to be 55 per cent to 65 per cent lower than the current market consensus of £19.7m for full [...]
Third vaccine looming as JVCI fear two doses are not enough August 19, 2021 The Joint Committee on Vaccination and Immunisation (JVCI) are discussing a potential booster campaign amidst concerns that two doses are not effective enough. In a JVCI meeting this morning, a government scientific adviser claimed there may be people who “really need” a third dose of the Coronavirus vaccine. JVCI member Professor Adam Finn spoke of [...]
Study finds vaccinated can carry high Delta viral load, but scientists urge people to keep getting the jabs August 19, 2021 Scientists have found that fully vaccinated people carry the same level of Covid-19 as the unvaccinated in a potential blow to the efficacy of the jabs. Previous studies had shown that vaccinated people who caught the Alpha variant carried far lower viral loads than those who had not been vaccinated. However, a study from the [...]
Metals group En+ reaps rewards of commodity price surge with $6.5bn revenue August 19, 2021 Energy and metals group En+ has reaped the benefits of the pandemic-induced commodity price surge as its revenue has jumped to $6.5bn in the past six months. The Anglo-Russian group has seen its revenue climb 31.5 per cent in the six months to 30 June, up from $4.9bn in the same period last year. Shares [...]
Royal London insurance moves head office to EightyFen in heart of the City August 19, 2021 Mutual life insurance company Royal London has this morning announced it has taken up 55,000 sq ft of office space at 80 Fenchurch Street for its new headquarters in the City. The largest mutual life insurance company in the UK, with assets under management of £153bn, will enjoy panoramic views across London from the top [...]
Goldman Sachs doubles managed assets to over $600bn with latest deal August 19, 2021 Goldman Sachs is set to buy Dutch insurance group NN’s asset management division for some €1.7bn – the Wall Street giant’s biggest acquisition since 2018. The deal for asset management arm NN Investment Partners (NNIP) forms part of Goldman Sachs boss David Solomon’s strategy to make the bank’s revenues less reliant on global markets and [...]
Lloyds eyes 50,000 homes in push to become UK’s largest landlord August 19, 2021 Lloyds Banking Group is eyeing up buying 50,000 homes in the next decade to let out to renters as it pushes to become one of the UK’s largest landlords, according to reports. Reports in the Financial Times say Lloyds has launched the Citra Living brand in a bid to move into the private rental market. [...]
Collapsing oil prices sends FTSE 100 plummeting – CityAM : CityAM August 19, 2021 A collapse in oil prices today sent shares in industrials and mining companies plummeting, dragging London’s FTSE 100 down over 1.5 per cent. The capital’s premier index slid to 7,059.58 points in the first hour of trading. Also Read: Lloyds eyes 50,000 homes in push to become UK’s largest landlord International benchmarks WTI and Brent [...]
