How boosting social mobility can broaden the talent pipeline September 21, 2021 New research backs up the importance of higher education in boosting social mobility and broadening the talent pipeline. Anna Melville-James hears how the ICAS Foundation is playing its part. This article first appeared in ICAS’ CA magazine. Education is a key factor in social mobility. It has the power to change lives and liberate potential. Recent [...]
Oil prices lifted in US storm aftermath September 21, 2021 Oil prices are on the up, having experienced sharp losses in the previous session, amid a supply squeeze caused by the destructive impact of Hurricane Ida. Today, the NYMEX Crude Oil contract was lifted by 1.04 per cent climbing $0.73 to $71.02 and MCX Crude Oil jumped by 0.44 per cent to $5,233. Brent Crude [...]
‘Quality losses’ matter more to investors than ‘quality gains’ September 21, 2021 People dislike losses more than they like gains. Known as loss aversion, this phenomenon, or behavioural bias, serves as a cornerstone of prospect theory, developed by Daniel Kahneman and Amos Tversky more than 40 years ago. A forthcoming paper, which I co-authored with Didem Kurt, Koen Pauwels and Shuba Srinivasan, applies this theory to product [...]
Exclusive: Saatchi clients demand more ‘European’ presence after Brexit, says CEO September 21, 2021 British advertising giant M&C Saatchi has seen a demand for a greater European presence than Brits in some briefs, the company’s global CEO, Moray MacLennan, told City A.M. this morning. MacLennan, who was appointed global CEO in 2009, said he discovered in a conversation with one Saatchi’s European agencies, that “when it was a pan-European [...]
Pernod Ricard to acquire The Whisky Exchange September 21, 2021 Global drinks giant Pernod Ricard will acquire the online spirits retailer The Whisky Exchange. The drinks producer signed an agreement to acquire The Whisky Exchange – which also operates a trio of central London stores – for an undisclosed sum, it announced on Tuesday. The brands will collaborate on private sales and online auctions of [...]
Universal Music IPO shares surge as Lucian Grainge spies £105m payday September 21, 2021 Universal Music, which landed on the Amsterdam stock exchange today, had shares surge by more than a third in its first few minutes. The well-anticipated initial public offering (IPO) could secure the world’s largest music label group a valuation close to $46bn. Shares were initially listed for €18.50 each but have since jumped to around [...]
British businesses return £300m in furlough cash as spectre of Covid recedes September 21, 2021 UK businesses returned £300m in furlough cash, triggered by the spectre of Covid-19 over the British economy receding, according to official figures released today. The repayment now takes the total amount of money returned to the public coffers to £1.3bn since July last year, the Treasury said. Rishi Sunak, chancellor, said: “This Government stepped in [...]
Jennifer Arcuri to give evidence to London Assembly today September 21, 2021 Boris Johnson’s alleged former lover Jennifer Arcuri will later today give evidence to the London Assembly over her dealings with the ex-mayor of London. Arcuri, an American tech entrepreneur, will face the assembly’s oversight committee over her presence on three foreign trade missions while Johnson was mayor. Her relationship with Johnson, and the £126,000 she [...]
Exclusive: US firmly on Saatchi’s radar in next two years, says CEO September 21, 2021 Advertising giant M&C Saatchi is firmly zooming in on the US market, the company’s global CEO, Moray MacLennan, told City A.M. this morning. While acknowledging South Asia as a region for growth, MacLennan revealed that “the real opportunity for growth, for us, is the US for one very simple reason.” “It’s not our largest operation, but [...]
Rocky start to the week continues in crypto markets September 21, 2021 The crypto market’s rocky start to the week continues this morning, with the total value falling to its lowest level in over a month at just below $1.9 trillion.
