Saudi Aramco beats forecasts as profit jumps 30 per cent on higher oil prices May 4, 2021 State-run oil giant Saudi Aramco beat analysts’ forecasts today as first-quarter net profit rose 30 per cent amid the rise in oil prices. Crude prices have climbed about a third this year due to recovering fuel demand, helping a host of oil firms post improved results. “Given the positive signs for energy demand in 2021, there are [...]
‘I’ve come from the street’: Shaun Bailey makes his last push May 4, 2021 Shaun Bailey is in a buoyant mood when we meet at Westminster’s St John Smith’s Square. With his new campaign battle bus unveiled and ready to set out on a tour of London, the Conservative mayoral candidate happily splays out in the April sunshine as we sit down to chat. His ebullient demeanour is a [...]
S4 Capital hikes profit forecast after strong first quarter May 4, 2021 Sir Martin Sorrell’s S4 Capital today lifted its revenue and profit targets for the full year after posting another quarter of rapid growth. The digital advertising firm reported revenue of £122m in the first three months of the year, up 35 per cent on the same time last year. Gross profit grew by a third [...]
UK PMIs: Manufacturing growth hits 27-year high in April May 4, 2021 The UK’s manufacturing growth gathered pace in April as production increased for the 11th consecutive month. The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index rose to 60.9 per cent last month, marking the highest reading since 1994. The reading also came in ahead of a flash estimate of 60.7. The growth was driven by a [...]
Bill and Melinda Gates to divorce but charitable foundation will continue May 4, 2021 Bill and Melinda Gates, co-founders of the one of the world’s largest private charitable foundations, have pledged to continue their philanthropic work together after filing for divorce after 27 years of marriage. The Bill & Melinda Gates Foundation has become one of the most powerful forces in global public health, spending more than $50bn over [...]
Joachim Klement, CFA: Three Geo-Economics trends to watch May 4, 2021 “Today’s investors need to understand geopolitical trends as a main driving force of markets.” Joachim Klement, CFA Joachim Klement, CFA, has emerged over the last decade as one of the more insightful and compelling voices in finance. Well-reasoned, rigorous, humorous, and occasionally iconoclastic, his perspective, featured either on the Enterprising Investor Blog or on his [...]
Former MP Luciana Berger joins Cazoo’s ESG board May 4, 2021 Online used-car retailer Cazoo has appointed former MP Luciana Berger to its board, once its $7bn merger with AJAX has been completed. Joining as a non-executive director, Berger’s political career last saw her as the Liberal Democrat shadow spokesperson for health, social care and wellbeing in 2019. Currently managing director of advocacy and public affairs [...]
Flexing our mental muscles and putting wellbeing first May 4, 2021 ICAS is making a long-term commitment to mental health and the role of business in taking responsibility for individual wellbeing, says CEO Bruce Cartwright CA. It’s time to not just talk about mental health and wellbeing but to embrace the topic as a conversation that’s central to the way we live and work. Covid-19 and [...]
It’s time for business leaders to be educated about dyslexia May 4, 2021 Emily Cheyne CA, Manager, Transaction Services at KPMG, discusses having dyslexia, comparing herself to others and how it’s time to stop thinking that one way of working is appropriate for everyone. When were you diagnosed with dyslexia? I was in Primary 5 at school – so 10 years old. The reason I was tested was [...]
Now is the time to fight against climate change May 4, 2021 2021 is being billed as a pivotal moment in terms of our fight against climate change, with the global climate change conference, COP 26, due to take place in Glasgow in November of this year. At the moment, there is some uncertainty around the format of the conference, and it is likely that it may [...]
