Parts of Liberty Steel ‘challenged’, says finance chief June 22, 2021 Liberty Steel’s UK finance chief has today told MPs that parts of the metals group are “challenged” as Sanjeev Gupta’s company seeks to refinance the business. Since the collapse of chief financial backer Greensill Capital in March, Gupta’s GFG Alliance – of which Liberty Steel is a part – has been racing against its creditors [...]
Vivendi shareholders back $40bn Universal Music Spac deal June 22, 2021 Shareholders in Vivendi today backed the company’s plans to spin-off its $40bn Universal Music Group through a Spac deal, marking a major boost for billionaire owner Vincent Bollore. Pershing Square Tontine Holdings, a blank-cheque company run by Bill Ackman, has signed a deal to buy 10 per cent of the iconic record label for $4bn. [...]
FCA tables new climate disclosure rules to tackle fossil fuel investment chains June 22, 2021 The UK’s financial watchdog has tabled new proposals on climate-related disclosure rules for listed companies and certain regulated firms in the UK today. As climate-conscious commitments and environmental disclosure climb in importance for investors and consumers alike, the Financial Conduct Authority’s (FCA) new rules help ensure climate-related risks are known across the investment chain. “The climate change [...]
US stocks muted ahead of Fed Chair Powell’s testimony while FTSE climbs June 22, 2021 Wall Street was subdued at the open today as investors awaited Federal Reserve Chair Jerome Powell’s remarks for hints on how the central bank is balancing inflation risk with its promise to ensure a jobs market recovery. The Dow Jones Industrial average fell 0.3 per cent, while the S&P 500 lost 0.05 per cent. Meanwhile, [...]
4 fantastic permanent jobs open in London right now June 22, 2021 Now is a great time to make a change. There’s something about the summer air that puts a real pep in your step, so why not really lean into it? You may have been thinking about getting a new job for a while, perhaps now is the time to go for it! If you are [...]
Hong Kong Racing Tips: Last chance saloon for Here Comes Ted June 22, 2021 FOLLOWING horses that have proved unlucky in recent times can be an expensive hobby, but it may be worth giving HERE COMES TED one more chance when he lines-up in Division 2 of the Caine Handicap (3.50pm) over six furlongs. There is little doubt the New Zealand galloper should have won with Joao Moreira aboard [...]
Hong Kong Racing Tips: Hong Kong looks a great Bet June 22, 2021 TRAINER Jimmy Ting hasn’t found it easy saddling winners this season. The former assistant to Francis Lui has had only 26 victories, which is well down on his previous two years since taking out a licence. It hasn’t been all doom and gloom for the yard however, with smart speedster Amazing Star winning the £450,000 [...]
Hong Kong Racing Tips: Conditions should suit Fa Fa June 22, 2021 EXPECT umbrellas to be at the fore when a nine-race cards gets underway at Happy Valley on Wednesday. Heavy rain and possible thunderstorms are predicted at the inner-city track, making finding winners difficult, especially with the majority of gallopers in the territory not used to racing on rain-softened turf. One horse that won’t mind conditions [...]
BoE appoints former Citibank economist Catherine Mann to rate-setting panel June 22, 2021 Britain’s finance ministry has today named former Citibank economist Catherine Mann as the newest member of the Bank of England’s Monetary Policy Committee (MPC). Mann’s three-year stint on the nine-member panel, which sets interest rates and oversees the BoE’s £895bn bond-buying programme, will replace Gertjan Vlieghe on 1 September, who is stepping down after six [...]
Londoners avoid the office but visit parks en masse June 22, 2021 Visits to London’s central parks are back up to pre-pandemic levels but weekday commutes are far less popular, according to new data. Footfall in Regent’s Park has returned to 100 per cent of pre-pandemic levels, while Hyde park has seen 80 to 99 per cent of normal levels, according to provisional figures gathered by City [...]
