The FTSE reshuffle teaches us how successful businesses navigate turbulent waters June 7, 2022 As we have come to learn, disruption is the new normal. And every quarter, the FTSE reshuffle serves as a reminder of the increasingly choppy factors that weigh on a company’s fortunes. Having narrowly avoided relegation in March, Royal Mail slid out of the FTSE 100 last week largely because of its failure to adapt. [...]
Letters: From football to fintech June 7, 2022 [Re: Exclusive: ‘Significant barriers’ for female progression in fintech, report warns, yesterday] The gender imbalance in the fintech industry is an important challenge. The EY and Innovate Finance report highlights what is already known – namely the lack of women working in fintech. This is not just a UK issue. Globally, women make up only [...]
Oil markets volatile as Saudi Arabia hikes crude prices June 7, 2022 Oil prices continued to hover around the $120 milestone, after Saudi Arabia raised its July crude prices amid tightening supplies.
Boris Johnson clings on – but with no vision for his premiership, it may not last June 6, 2022 So he’s still there. Now what? That’s the question for Boris Johnson and in truth the rest of the Conservative party. It’s usually the case that a no confidence vote, no matter how easily it is sailed through, is the beginning of the end for a leader. As we know, however, Boris is no usual [...]
Boris Johnson wins close confidence vote to save premiership June 6, 2022 Boris Johnson has clung onto his premiership by winning a tight no confidence vote tonight, but has been severely wounded by the contest. Johnson won over Tory MPs by 211-148 in a result that will lead to questions about whether he still has the authority to govern. The Prime Minister said it was “a very [...]
Private equity firm set to finalise £200m deal to take over government contracts Amey Plc June 6, 2022 The London private equity firm that currently employs ex-Tory minister Philip Hammond is seeking to a finalise a deal to takeover one of Britain’s biggest civil engineering firms, Amey Plc. Buckthorn Partners, which took on Lord Hammond as a partner in 2020, has teamed up with US private equity firm One Equity Partners to buy [...]
LV= chief executive Mark Hartigan faces renewed pressure to stand down after MPs step in June 6, 2022 LV= chief executive Mark Hartigan is facing renewed pressure to step down from his role, after MP’s called on the exec to exit the mutual insurance firm. In an interview with the Mail on Sunday, Tory MP Kevin Hollinrake said: “It is high time Mark Hartigan left the company. Every day he stays he’s earning [...]
Binance hits back at claims it’s a ‘hub for hackers, fraudsters and drug traffickers’ June 6, 2022 Binance, the world’s largest cryptocurrency exchange, has brushed aside claims it is a “hub for hackers, fraudsters and drug traffickers,” after a Reuters investigation accused the Cayman Islands registered firm of serving as a “conduit for the laundering of at least $2.35bn in illicit funds”. In a blog post responding to Reuters’ article, the coin [...]
“Perfect storm” for new car sales as cost of living crisis and supply issues see May figures at historic low June 6, 2022 UK new car sales fell to their second weakest May in the last thirty years as a lack of consumer confidence and supply chain chokepoints took their toll on the big-ticket purchases. Just 124,000 cars were registered in May of this year, the lowest of the last thirty years except for the pandemic-induced lows of [...]
Amazon shares rally following 20-for-1 stock split June 6, 2022 Amazon shares continue to rally after the ecommerce giant went ahead with its 20-for-1 stock split this morning. The move, which took shares down from Friday’s closing price of $2,440 to around $127, is expected draw in new investors and reward current holders with returns. The company first reported the plan in March, which now means that [...]
