City Moves: Who’s switching jobs in the Square Mile today? September 28, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Aviva Investors Asset management firm Aviva Investors has promoted its former head of liquidity and securities finance as its new head of credit. Based in the capital, Caroline Hedges will lead teams across investment grade and high yield [...]
City watchdog puts social media firms ‘on notice’ to bolster consumer protections September 28, 2021 The City watchdog has put social media companies “on notice” to strengthen their consumer protections or face penalties. Speaking at the Financial Conduct Authority’s (FCA) annual public meeting today, Mark Steward, the regulator’s executive director of enforcement and market oversight, said: “All of them [social media firms] need to change their processes or procedures otherwise [...]
London Tech Week: Russ Shaw looks back at a spectacular week September 28, 2021 London Tech Week – the showcase of all things innovative – happened last week and Tech London Advocates and Global Tech Advocates boss Russ Shaw CBE is back writing us reflecting on the jamboree. Here’s he looks back on the week that was. What a week it has been! London Tech Week saw a new [...]
‘Bat from Wuhan’: PwC chief apologises for ‘racist and offensive’ staff event September 28, 2021 The chief executive of PwC Australia has issued an apology for “racist and offensive” behaviour by two human resource staff members during a trivia event hosted by the Big Four company. The virtual game of trivia in which one PwC HR executive allegedly dressed as a “bat from Wuhan”, while another mocked Chinese accents, took [...]
Joy for landlords as renter demand causes stock surplus to evaporate September 28, 2021 A stock surplus in properties available to rent has started to disappear, as demand from tenants is on the up. The rental market stock surplus is now at a lower level than before Covid hit, according to research from buy-to-let specialist, Sequre Property Investment. The level of stock surplus climbed when the pandemic hit in [...]
Aviva Investors has big plans for its newly acquired Hoxton office September 28, 2021 Aviva Investors has snapped up a Grade II listed property in Hoxton as part of the first investment made by the company’s newly launched climate fund. The investment arm of Aviva has today announced its purchase of Curtain House, a five storey Victorian warehouse in the heart of Shoreditch, London’s hub for technology businesses and [...]
People who never wear face coverings more likely to catch Covid September 28, 2021 People who never wear a face covering in enclosed spaces are more likely to test positive for Covid-19 according to ONS data. Infection survey data from the two weeks ending on September 11 found that “people who never wore a face covering in enclosed spaces were more likely to test positive for coronavirus,” than those [...]
Ferguson annual profit rises after lockdowns fuel US appetite for home improvement September 28, 2021 Plumbing group Ferguson has posted higher annual profits, buoyed by strong home improvement demand in the US, but expects the lockdown trend to taper in the upcoming financial year. The FTSE 100 firm, which has a second US listing, said underlying trading profit climbed 32 per cent to $2.1bn in the full year ended 31 [...]
Opinion-in-brief: Brexit barriers are hampering our small businesses September 28, 2021 The energy and ambition of Britain’s start-up community is palpable. According to the latest research from the Global Entrepreneurship Monitor, two-thirds of UK adults are looking to start a business in the next three years. Compared with the start-up ecosystem of a few years ago, today’s firms are forging ahead with an eye to the [...]
FTSE 100 engineer Smiths sees revenue growth return September 28, 2021 British engineering giant Smiths has reported a return to revenue growth, in its first set of results since the appointment of its new CEO in May. Underlying revenue for the Group was two per cent for the full year, with growth seen in the final quarter. Operating profit at the multinational engineering company was up [...]
