Danish fund divests from Wizz Air over human and labour rights abuse concerns February 7, 2022 Danish pension fund AkademikerPension has said it will divest from low-cost airline Wizz Air over concerns of human and labour rights abuse. AkademikerPension explained that the decision to divest more than $3m was made after Wizz Air’s management failed to reassure investors about the legality of their labour and human rights practices. “The management’s behaviour [...]
The City thrives on predictability as well as agility and we must protect this post-Brexit February 7, 2022 This week marks a pivotal moment for financial services in post-Brexit Britain. More than two years since the UK formally left the EU, the completion of the Future Regulatory Framework Review consultation on Wednesday will herald long expected changes to the financial service sector framework. The UK’s regulatory regime is widely regarded as one of the [...]
British electric van maker Arrival prepares for unconventional US debut February 7, 2022 British electric van maker Arrival is preparing for its US debut, choosing Charlotte, North Carolina, as its US headquarter. The company’s new offices are set to be inaugurated next month, while production facilities – one for vans in Charlotte and one for buses in South Carolina – will open later this year. The automotive manufacturer [...]
Rishi Sunak’s cost-of-living hand out is a classic example of short-term, overburdened Treasury brain February 7, 2022 Last week, as the cake crumbs were cleared away and the fizz went out of the champagne, there was a serious announcement from the chancellor, Rishi Sunak. There had been an energy crisis looming, prices set to soar, and the government knew that this would feed into a damaging narrative that the cost of living [...]
Second chance at LV= for Royal London February 7, 2022 Royal London is engaged in talks with LV= which could see the two companies merge to become a UK insurance heavyweight.
Top dog: Pets at Home appoints Lyssa McGowan as chief executive February 7, 2022 Pets at Home has poached its new chief executive Lyssa McGowan from Sky UK with the offer of a £580,000 salary.
Board member Jennie Daly to replace Pete Redfern at the helm of Taylor Wimpey February 7, 2022 Jennie Daly, board member and group operations director at housing giant Taylor Wimpey, will replace Pete Redfern as the company’s chief executive. The company announced the appointment this morning, saying it will be effective from the conclusion of the annual general meeting on 26 April 2022. “Jennie has extensive experience in the housebuilding sector and [...]
Exclusive: Ramboll injects multi-million pound investment into city planning platform VU.CITY February 7, 2022 Smart city planning platform VU.CITY has secured series A investment from consulting engineering group Ramboll. VU.CITY offers interactive 3D models to help architects, developers and planners in city design. An investment worth £5m will aid the firm in becoming a cross-market platform for data and solution providers, CityA.M. understands Ramboll joins existing shareholder Grosvenor Hill [...]
Average UK house prices soar to record £276,000 February 7, 2022 The average UK house buyer forked out 9.7 per cent more in January 2022 than they would have done a year ago.
Exclusive: Insight pumps £100m into ThinCats to spur SME recovery February 7, 2022 Asset Management firm Insight Investment will pump £100m into a partnership with business lender ThinCats to spur the economic recovery of small and medium sized businesses (SMEs) across the UK.
