Barclays rings the c-suite changes after Staley exit November 9, 2021 British bank Barclays is ringing the changes in the c-suite after former chief Jes Staley decided to leave the lender to fight the findings of a probe into his characterisation of his relationship with convicted sex offender Jeffrey Epstein. The lender has appointed Paul Compton as its new head of investment banking, it announced today, [...]
Haydn Hammond – when bankers go crypto November 8, 2021 Crypto AM writer Jillian Godsil interviews banker-turned-crypto enthusiast Haydn Hammond.
Investors shake off latest outburst from embattled THG boss November 8, 2021 THG shares enjoyed a brief moment in the sun on Monday morning before slumping once again, at the market’s first trading opportunity since CEO Matthew Moulding spilled the beans on Friday about his regrets for the group’s IPO. Topping off what has been a tumultuous few weeks for the ecommerce group, Moulding revealed that he [...]
Barclays, Innocent and Ecotricty named in new ‘sport for good’ index November 8, 2021 Barclays and drink maker Innocent are among five British companies to be named on the inaugural Laureus Sport for Good Index, which will be announced today. Energy providers Octopus and Ecotricity and renewable running shoe brand Hylo Athletics are the other UK companies on the global list of brands that deliver social or ecological impact [...]
Whitehall needs stronger independent regulator, says former top civil servant November 8, 2021 The UK Civil Service is an unaccountable “closed shop” and there needs to be stronger independent regulation of Whitehall, according to a former top mandarin. Lord Nick Macpherson, former permanent secretary at the Treasury, said there needs to be a “dramatic overhaul of the appointments system” to end the era of “personal patronage” in Whitehall. [...]
How finance can help forge a cleaner future for all November 5, 2021 This article first appeared in ICAS’ CA magazine. Finance can help forge a cleaner future for all, and the contribution of accountants will prove essential, says James Alexander, CEO of the UK Sustainable Investment and Finance Association Earlier this year, the UK Sustainable Investment and Finance Association (UKSIF) celebrated its 30th birthday by publishing its policy [...]
ONS: Firms increasingly hiking prices as supply chain crisis bites November 4, 2021 Nearly two-fifths of UK firms reported higher costs across their supply chains in new official data, with many passing on the increase to consumers. New ONS data has seen a significant increase in the number of firms putting up prices, from 4 per cent at the start of the year to 15 per cent in [...]
Mark Kleinman: Will Barclays be able to explain their backing for Staley? November 4, 2021 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Barclays in the headlines again What is it about Barclays and rough-Diamond bosses? In the end, the surprise was not so much that Jes Staley left the British bank mired [...]
More than half FTSE100 firms commit to ending carbon emissions by 2050 November 4, 2021 Almost two-in three FTSE100 firms are now committed to ending their carbon emissions by 2050, after a new group of companies recently signed up to a United Nations campaign. Sixty FTSE100 firms have now signed up to the UN’s Race to Zero campaign, with bluechip companies like Barclays, AstraZeneca, Coca Cola HBC and HSBC all [...]
Ex-Barclays chief Staley to receive £22m bonus windfall November 3, 2021 Former Barclays chief Jes Staley who quit this week to fight the findings of a report into his relationship with convicted sex offender Jeffrey Epstein is in line receive bonuses of up to £22m. The American banker could receive around 11m shares in the bank he headed for six years if it hits performance goals [...]