Nationwide CEO stepping down after five years at the helm September 23, 2021 Nationwide Building Society’s chief executive Joe Garner is stepping down after more than five years at the helm. The lending giant said the plan will “support an orderly transition to new leadership” in what will mark a clean sweep at the top as chairman David Roberts also heads for the exit. Nationwide announced that Kevin [...]
Drill, baby, drill: Arctic set for £230bn oil and gas bonanza with JPMorgan, Barclays and Citi piling in September 23, 2021 Oil and gas companies are set to ramp up production in the Arctic by 20 per cent in the next five years, according to a new report shared with City A.M. this morning. The main Arctic expansionists – Gazprom, Total and ConocoPhillips – are backed by hundreds of billions of pounds from dozens of City [...]
‘Mule’ regret it: Cash-strapped Brits warned to avoid ‘easy money’ adverts September 23, 2021 Cash-strapped students and other people are being warned to watch out for money mule recruiters – as nearly a third say financial concerns would make them more likely to consider offers to make “easy money” – even if they appear suspect. Almost three in 10 students would even risk allowing someone else to use their [...]
Watch as Boris Johnson tells the world to ‘grow up’ September 23, 2021 Prime Minister Boris Johnson pushed the world to “grow up” and tackle climate change during his annual United Nations address to world leaders last night. Watch the full report.
Business minister: Income tax rise and 3p on fuel needed to pay for Universal Credit September 23, 2021 A minister has said income tax would need to rise to keep the £20 weekly Universal Credit uplift. Business minister Paul Scully told Sky News this morning: “The Chancellor… will look at the whole aspect of public finances in the Budget and the Spending Review that is coming up.” He went on to say: “But [...]
DFS struggling with supply chain disruption despite swing to £100m profit September 23, 2021 Furniture seller DFS said this morning it is still struggling with disruption in its supply chain, even as it reported a 47 per cent jump in revenue and swung to a profit. Revenue hit £1.1bn in the year to the end of June, up from £725m a year earlier, and even stronger than the £996m [...]
Brexit-proof: City’s share of European investment management market larger than Frankfurt, Paris and Zurich combined September 23, 2021 The City of London’s share of the European investment management market is larger than the combined total of Paris, Frankfurt or Zurich. It is by far the largest investment management hub in Europe with a market share of 37 per cent, according to new data shared with City A.M. today. The City of London and [...]
Travelodge targeting young parents in drive to fill 750 jobs across UK September 23, 2021 Hotel giant Travelodge has launched an autumn recruitment drive as it looks to fill 750 jobs at its hotels across the UK. The jobs are a mix of full and part-time, offering flexible working hours for posts including receptionists, bar staff and managers. Travelodge said it is targeting parents wanting to return to work now [...]
Tesco warns of panic buying as ’empty shelves will get ten times worse’ September 23, 2021 A shortfall of 800 drivers has prompted Tesco to warn about panic buying in the run up to Christmas if the nationwide HGV crisis is not addressed. The UK’s largest supermarket also called on the Government to temporarily make it easier to bring in workers from abroad to ease the issue. Andrew Woolfenden, Tesco’s UK [...]
Markets today: Fed tilts towards a taper, Bank of England up next September 23, 2021 European markets underwent another strong session yesterday, as concerns about Evergrande diminished further, while markets in the US shook off their early week malaise by finishing close to the highs of the day in the wake of last night’s Fed meeting, which despite what looked like a fairly neutral statement, saw the central bank outline [...]
