It’s happened: Global M&A hits all-time record of $5 trillion in 2021 November 18, 2021 Dealmaking has reached new heights this year, as the momentum seen each quarter continued unabated and propelled the global M&A market to a new all-time record of $5 trillion in deals – with still one month to go. As of yesterday, global transactions have topped $5 trillion so far this year – already 40 per [...]
Treasury needs to play nice with regulators to make a success of post-Brexit rules November 18, 2021 Uncertainty is a killer for businesses. Too bad it is everywhere you look. Unknown unknowns are impossible to root out, but firms have developed coping strategies to allow them to live in a deeply fragile world. The underlying factors that triggered the financial crisis were unknown unknowns to (almost) everyone, even if they seem obvious [...]
Shortage warning: Greggs stores ‘may not have’ vegan sausage rolls November 17, 2021 Fast food chain Greggs has warned its popular vegan sausage roll is among products to have experienced “temporary interruptions” in supply. “Some shops may not have them or may not have them throughout the day. It varies,” a Greggs’ spokesperson told news agency Reuters. The vegan alternative has become a beloved staple of the bakery [...]
Retailers slam rocketing interchange fees as UK firms face £36.5m increase November 17, 2021 UK and European Economic Area (EEA) retailers are facing a cost increase of around £150m a year to accept cross-border card payments. UK businesses may be forced to take on an additional £36.5m, according to research by retail payments advisory firm CMSPI, alongside the British Retail Consortium (BRC). The BRC has called on ministers and [...]
Want a contract? Flash your green credentials on your way in, please November 17, 2021 Mining magnate Brian Gilbertson once recalled a results day at the turn of the Millennium. Ready to take City analysts through impressive figures on iron ore production he was somewhat surprised when asked: “What’s your internet strategy?” The South African spent the rest of the morning hurriedly writing down a dot com plan on an [...]
Trevelyan unveils roadmap to boost UK exports post-Brexit November 16, 2021 The government will tomorrow publish its 12-point plan to boost UK exports post-Brexit, with a series of initiatives launched to help businesses learn more about sending goods and services overseas. The new Made in the UK, Sold to the World plan will reintroduce an old target, first touted by David Cameron in 2012, to almost [...]
Reeves says Labour still committed to post-Brexit equivalence for the City November 16, 2021 Labour is still committed to getting a post-Brexit equivalence deal for the UK’s financial services sector if elected, shadow chancellor Rachel Reeves has said. Reeves told TheCityUK’s national conference today that, if elected, Labour will “fix some of the holes in the patchwork Brexit deal with the EU”. The UK’s financial services sector has not [...]
Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
‘It’s a pivotal time’ November 16, 2021 Interview with Simon Kenyon, Group Ambassador for London, Lloyds Banking Group Taking the pulse of London’s financial health is not easy: for every business that’s thriving, or at least showing ‘bouncebackability’ from the pandemic, there are others struggling to keep the wolf from the door. But the economic pulse is beating a little faster inside the [...]
Johnson says ‘internationalism failed us’ during Covid as he takes shots at EU November 15, 2021 Boris Johnson has tonight claimed “internationalism failed us” during Covid-19 as he takes shots at the EU for its reliance on Russian gas and its threats to ban vaccine exports earlier this year. The Prime Minister said at the Lord Mayor of London’s banquet in Guildhall that the UK was a “victim” of “the crazy [...]