JP Morgan braced for economic ‘hurricane’, says Jamie Dimon June 1, 2022 JP Morgan boss Jamie Dimon warned of a coming economic “hurricane” today as he called on the US federal Reserve to implement quantitative tightening and hike interest rates.
Mark Kleinman’s Column: Walgreens needs different prescription for future of Boots June 1, 2022 As an octogenarian with a literary penchant and more than half a century in business behind him, Stefano Pessina will be as aware as anyone of “time’s winged chariot hurrying near”. But is his sense of the passing of time in danger of impairing the judgement of the notoriously dogged and astute Italian dealmaker? The [...]
EP: 133 Cazoo Oaks Day – Epsom June 1, 2022 Day 1 of the Cazoo Derby Festival takes place on Friday at Epsom racecourse featuring the Group 1 Cazoo Oaks over the historical mile and a half course for fillies, plus the Group 1 Coronation Cup, run over the same distance. Holly Doyle has a live chance in this year’s Oaks. She spoke to the [...]
TR Property makes ‘sizeable gains’ from private equity real estate takeovers June 1, 2022 TR Property Investment Trust has been given a leg up thanks to the stream of private equity investment being funnelled into the European real estate market over the past year. Chairman of the London-listed firm David Watson said today that private equity investment into real estate “continues to be elevated” and that the Trust has [...]
Jubilee 2022: what’s changed for savers since 1952? June 1, 2022 It’s 70 years since Queen Elizabeth II took the throne. How have some of our key financial metrics – from longevity to inflation, interest rates to investment returns – moved over the decades? The seven-decade reign of Queen Elizabeth II has seen transformations in many aspects of our lives. That includes sweeping changes to the [...]
Airlines axe hundreds of flights while ‘blame game’ between government and industry continues June 1, 2022 Passengers have seen another day of disruption as airlines continue to axe hundreds of flights while the “blame game” between government and industry shows no signs of stopping. British Airways (BA) today cancelled 124 flights from Heathrow and easyJet axed an additional 31 at Gatwick. According to aviation analytics firm Cirium, easyJet was the most [...]
Amundi chief labels parts of private equity as ‘pyramid’ and ‘ponzi’ scheme June 1, 2022 Europe’s biggest asset manager Amundi has described elements of private equity as a “pyramid scheme” and “ponzi scheme” due to the fact that private equity firms can sell assets onto peers for major profits.
Forbes confirms termination of £500m Spac listing as investor appetite dwindles June 1, 2022 Forbes has ditched plans to list through a merger with a special purpose acquisition company as investor appetite dwindles.
Back to work: Musk tells Tesla staff to return to offices or face the sack June 1, 2022 Elon Musk has weighed in on the working from home debate, urging Tesla staff to get back to the office.
Johnson’s ethics chief threatens to resign over possible breaches of ministerial code June 1, 2022 Boris Johnson has written to his ethics chief rebuffing suggestions that he broke the ministerial code after the adviser threatened to quit over the 'partygate' scandal.
