United Utilities profits dip as lockdowns hit water usage May 27, 2021 United Utilities saw its annual pre-tax profit dip by 21 per cent to £383m as it navigated its way through the pandemic. The company, one of the largest publicly traded water firms in the world, said that profits were hit by lower water consumption and higher infrastructure spending. The drop in profit was in line [...]
HSBC quits US retail banking as it turns attention to Asia May 27, 2021 HSBC is withdrawing from the US retail banking market and selling parts of the loss-making business as it shifts its focus to Asia. The bank has long been trying to shrink its presence in some North American and European markets because it has struggled to compete with larger domestic players. In February HSBC unveiled a [...]
Sanofi and GSK begin phrase three vaccine trial following up to 100 per cent efficacy win May 27, 2021 Sanofi and GSK begin phrase three vaccine trial following up to 100 per cent efficacy win
Tate & Lyle revenue sinks, but still brought home around £2.8bn May 27, 2021 Food and beverage ingredient supplier Tate & Lyle saw its revenue sink £75m in the year to 31 March, the group said in a statement this morning, but still raked in around £2.8bn. The British-headquartered firm saw strong demand for its new products, with the newcomers raking in 21 per cent more revenue, worth £133m. [...]
Trevor Steven: Thomas Tuchel must be brave if Chelsea are to deny Manchester City their Champipons League moment May 27, 2021 Football is about moments and Saturday’s Champions League final against Chelsea feels like it is Manchester City’s. When City hired Pep Guardiola five years ago it was in order to win this competition and they have never had a better chance than this. Saturday’s clash in Porto is their opportunity to make the step up [...]
Aviva reports highest quarterly insurance sales in a decade May 27, 2021 Aviva has delivered its highest insurance sales in the first quarter for a decade, while savings and retirement flows soared to a new quarterly record. The insurance giant said its core general insurance gross written premiums grew four per cent to £2bn while its core operating ratio fell to 90.6 per cent. Its SME sales [...]
GSK granted US FDA approval for Covid-19 antibody drug May 27, 2021 GSK granted US FDA approval for Covid-19 antibody drug
UK eyes post-Brexit trade deals with Gulf states May 27, 2021 The UK is setting its sights on a trade deal with oil-rich Gulf states as ministers close in on an investment deal with Abu Dhabi. The Government is targeting deals with the six members of the Gulf Cooperation Council, including Saudi Arabia, the international development secretary said. Trade with GCC members was worth £45bn in [...]
Ex-Aston Martin CEO: Britain needs to fight for its place in the electric car industry or risk irrelevancy May 27, 2021 As a proud Brit walking into boardrooms in Tokyo, Chennai, Brussels or California, I was often aware of the preconceptions the natives sat around the table held. The British, of course, are known for being polite, humorous and big tea drinkers. I always viewed these stereotypes as nothing more than an innocent oversimplification. A little [...]
Fee-earning opportunities from sustainability: Is your firm leaving cash on the table? May 27, 2021 The ever-evolving topic of sustainability can create ways to grow your business and further serve your clients. Sustainability comprises the many elements of environmental, social and governance (ESG) topics, that are evolving over time; vary across company, industry and country; and involve such a huge range of different stakeholders, concepts, frameworks and rules. Parking semantics [...]
