London should be the go-to city for green finance as Britain takes on COP26 July 5, 2021 It’s just over four months to go until the UN Climate Change Conference – better known as COP26 – takes place in Glasgow, and few will deny we are at a pivotal moment for our planet, and for the future of finance. With this in mind, we recently held the second of our hybrid Green [...]
Nissan’s £1bn gambit in Sunderland is worth every penny of subsidies for Boris Johnson July 5, 2021 The campaign for the Brexit referendum seems a long time ago. By the calendar, it was only five years ago, and yet we remember it like another world: David Cameron was prime minister, Barack Obama was in the White House, François Hollande was sneaking out of the Elysée palace on the pillion of a scooter [...]
Covid vaccine producers surge ahead of UK and US equity benchmarks July 5, 2021 Shares in companies producing or working on the production of Covid vaccines surged ahead of the UK and US’s equity benchmarks in the first six months of this year, new figures published today reveal. Analysis by FactSet shows that an equally weighted holding of all 13 vaccine producing companies climbed over 45 per cent during [...]
Exclusive: Sub-let workspace market shrinking in win for office culture July 5, 2021 The rate at which occupiers are seeking to dispose of their office space is showing strong evidence of decline, in a win for office culture. At the end of January 2021, almost 500,000 square feet of sub-let space was made available, according to global real estate advisor CBRE. Since then, the amount of space becoming [...]
Transforming private equity with data analytics July 5, 2021 Krekar Kawani CA, Founder of Touchstone Advisory, examines how private equity firms are leveraging game changing advancements in data analytics to their advantage. Data has been an integral part of human culture since the beginning of time. Humans going back as far as 40,000 years have been recorded using sequential markings by etching notches on [...]
Hipgnosis throws $1bn at latest song-buying spree, as TikTok rallies revenues July 5, 2021 Hipgnosis has thrown over $1bn during its latest stint of song-buying which spans 84 freshly bought back catalogues from the industry’s biggest names. Like-for-like valuation for Hipgnosis’ portfolio has grown 10.4 per cent during the year to 31 March 2021. Meanwhile, streaming income has lifted 18.4 per cent in the second half of the year. [...]
One-in-four UK financial services workers want to work from home full-time, says new survey July 5, 2021 Almost one-in-four of the UK’s financial services workforce wants to work at home permanently post-pandemic, according to a new survey from Accenture. The survey found 24 per cent of the country’s 1m financial services workers “would prefer to work entirely from home once a full return to office is possible”, while 69 per cent said [...]
Ladbrokes owner mulls swoop for William Hill’s UK betting shops July 4, 2021 The owner of Ladbrokes and Coral is assessing William Hill’s European business in a potential sign it will make a bid for the bookmakers’ UK betting shops. Entain, which also owns bwin and Partypoker, is reportedly running the rule over William Hill as it looks to sell off its European assets. However, the Sunday Telegraph [...]
Truce in post-Brexit sausage wars only a ‘sticking plaster’, says David Frost July 4, 2021 This week’s three-month truce in the so-called sausage wars between the UK and EU only amounts to a “sticking plaster”, according to defacto Brexit minister Lord David Frost. Frost today maintained the government’s position that the post-Brexit Northern Ireland Protocol is failing to “reflect the balance that was in the Good Friday Agreement” and is “not [...]
Bidding war on the cards after Morrisons accepts £6.3bn takeover July 4, 2021 Rival private equity firms are reportedly considering entering a rival bid to Morrisons’ £6.3bn takeover, which was announced yesterday. The UK supermarket chain’s board accepted a 252p-a-share offer by private equity group Fortress, after an earlier £6bn bid by a different firm was turned down two weeks ago. The total value of the deal is [...]
