The material consequences of choosing sustainable fashion April 29, 2019 The textile industry – primarily the business of cloth and clothing – produces close to 100 million tonnes of fibres every year. This number is only set to grow as purchasing power in emerging markets rises. The industry – and its growth – has huge consequences for the environment and climate change, producing some 1.2 [...]
City Moves for 29 April 2019 – Who’s switching jobs at Hambro Perks, Cushman & Wakefield and Relendex? April 29, 2019 Today's City Moves includes Hambro Perks, Cushman & Wakefield and Relendex. Hambro Perks The London-based venture firm, Hambro Perks, has announced the appointment of Svenja Grundmann as investment associate. Svenja Grundmann has joined the company to work alongside portfolio manager Jemma Bruton and Richard Tufft, venture partner and co-head, in building out the Access Fund. [...]
The left is upping its campaign against the free market – and the City in particular April 28, 2019 John McDonnell and the Labour party have long talked of the need to “democratise” our economy. Their plans for sweeping nationalisations, a state-run investment bank and the forced reallocation of shares to the workers are all couched in the language of taking power from the fat cats and making finance a servant of the public, [...]
Philip Hammond to give verdict on future of 1p and 2p coins April 28, 2019 The Chancellor Philip Hammond is set to decide on the future of 1p and 2p coins this week, after much speculation that they could be axed. Read more: Scrapping 1p and 2p coins would have "no significant impact on prices" City A.M. understands that the two copper coins are likely to be saved by a [...]
London Marathon 2019: Start times, road closures and where to watch the race April 27, 2019 Thousands of runners will take to the streets of the capital tomorrow to take part in this year’s London Marathon. Around 40,000 participants will set off between Greenwich Park and Blackheath in south-east London tomorrow, in the 39th annual event. Start times 9:00 – Elite Wheelchair Races 9:10 – World Para Athletics Marathon Championships Ambulant Athletes [...]
The new Bank of England chief will have plenty to keep them busy April 26, 2019 There was a time when running the Bank of England was a family affair. The inaugural governor Sir John Houblon (1694-1697) was followed a few years later by his younger brother Abraham Houblon, who took charge of the Old Lady from 1703 to 1705. There have been 116 governors since Houblon Jnr, and all of them [...]
Labour’s top Trotskyites want to crash the economy and spark a revolution April 25, 2019 In the wake of the political chaos, with the government fixated on Brexit, there is a credible threat of two Trotskyite Marxists becoming Prime Minister and chancellor. While the likelihood of a General Election this year remains low, it cannot be ruled out. This means that there is no greater task for the government at [...]
What the next Bank of England governor’s CV needs to look like April 24, 2019 With less than a year until Mark Carney steps down, the government today kickstarted the search for a new Bank of England governor. We’ve already compiled a list of candidates tipped to replace the American when he departs the post in January 2020, but chancellor Philip Hammond has put out a job ad anyway. Read [...]
Runners and riders: Meet the candidates who could replace Mark Carney as the Bank of England governor April 24, 2019 Speculation has begun over the next governor of the Bank of England after the Chancellor Philip Hammond launched the hunt for Mark Carney’s successor this morning. Carney’s tenure began amid post-crisis reform of financial system regulation but his latter years have been characterised by Brexit, which his successor will also have to navigate through. Read [...]
The coming squeeze on US profits April 24, 2019 Progress on US-China trade talks has seen investors’ concerns about a trade war fade, and be replaced instead by worries about economic growth and politic risks. The real concern for equity investors, ultimately, is how slower growth will be reflected in company profits. In 2018 markets were driven by stronger corporate earnings, but share prices [...]