Brewin Dolphin total funds exceed pre-pandemic levels January 27, 2021 Fund manager Brewin Dolphin reported record total funds as market sentiment rebounded off the back of the Brexit deal and vaccine rollout. Total funds increased eight per cent to a record £54.1bn in the first quarter with total inflows of £0.6bn Net inflows stood at £0.1bn in the three months to December. It represents an [...]
City of London chief: Brexit impact ‘not at all catastrophic’ as Square Mile will thrive without EU access January 27, 2021 Brexit’s impact on London’s loss of financial business has not been catastrophic, the chief of the City of London Corporation said this morning. Catherine McGuinness, political leader of the Square Mile’s ruling body, insisted the City will thrive even if the European Union “irrationally” blocks access. London has endured business and job losses since the [...]
AstraZeneca CEO: ‘Britain will hit its vaccine targets’ January 27, 2021 CEO of AstraZeneca Pascal Soriot is confident the UK will hit its vaccine rollout targets, and has confirmed AZ will not reconsider its pre-agreed contract with the UK in the face of supply shortages in the EU. Speaking to Italian news site Repubblica, Soriot said the UK will have succeeded in vaccinating 28 to 30 [...]
3i Infrastructure holds dividend despite yearly income slump January 27, 2021 Investment firm 3i Infrastructure remains on track to meet its dividend target after it reported a resilient third quarter on Wednesday. The company secured a total income of £24m between 1 October and 31 December, a 45 per cent drop from the £44m it took home during the same period last year. It is on [...]
UK to start talks with Switzerland on post-Brexit financial services deal January 27, 2021 Chancellor Rishi Sunak will today start formal talks with his Swiss counterpart in a bid to broker a new post-Brexit financial services agreement for the UK. The Treasury said the talks would see the two sides try to deliver “a comprehensive mutual recognition agreement that would reduce costs and barriers for UK firms accessing the Swiss [...]
Poundland sales grow as discount store chain introduces new price points and product lines January 27, 2021 Poundland owner Pepco reported a jump in revenue in the first quarter due to its status as an essential retailer and its introduction of new price points and product lines including clothing and homeware. The discount store chain, which trades as Pepco and Dealz in Europe and Poundland in the UK, said group like-for-like sales [...]
Homeserve appoints ex-DCC boss as chairman January 27, 2021 Homeserve has this morning appointed Tommy Breen as its new chairman, the home improvements firm announced. Breen will replace long-serving Barry Gibson, who has held the role of chairman since 2010. He will step down in May, when Homeserve presents its full year results. Breen, a chartered accountant by training, joins the FTSE 250 firm [...]
Exclusive: Sadiq Khan to bang the drum for City of London at World Economic Forum January 27, 2021 Exclusive: Sadiq Khan to bang drum for EU-City deal at World Economic Forum
Difficult headlines shouldn’t scare firms off admitting they’ve got work to do on equality January 27, 2021 When it comes to equality in business, it’s fair to say that very few companies are truly where they want to be yet – being honest about this is uncomfortable but important. In November 2014 we first published our gender pay gap, and four years ago we published our ethnicity pay gap. While I was [...]
Goldman Sachs boss hit with $10m pay cut due to 1MDB scandal January 27, 2021 Goldman Sachs boss David Solomon took a $10m pay cut last year due to the bank’s role in Malaysia’s 1MDB scandal. Soloman’s pay was reduced 36 per cent, from $27.5m in 2019 down to £17.5m last year, the investment bank said. It had previously confirmed that Soloman’s pay would be cut, along with finance chief [...]
