FTSE 100 close: THG skyrockets 40 per cent while miners edge London index higher April 17, 2023 London’s FTSE 100 kicked off a fresh week in muted fashion today, inched higher by investors snapping up shares in mining giants, while fashion firm THG skyrocketed more than 40 per cent on mounting takeover rumours. The capital’s premier index added 0.1 per cent to close at 7,879.52 points, while the domestically-focused mid-cap FTSE 250 [...]
Ashmore: AUM flatline as asset manager takes hit from ‘stresses in banking system’ April 17, 2023 Ashmore has said the assets under management were broadly stable in the most recent quarter despite high interest rates and ongoing market turbulence. The London-listed asset manager reported a total increase of funds under management of just one per cent for the quarter ending on March 31 on Monday, to a total of £46.4bn ($57.7bn.) [...]
A tale of two markets: ‘Muted’ UK recruitment offset by thriving Europe, says Robert Walters April 6, 2023 Robert Walters said its group profit remained flat in the first quarter of 2023 compared to last year, as a European recruitment drive offset falls elsewhere. Group profit was flat compared to last year on a constant currency basis, although it rose four per cent to £102.4m from £98.4m on a reported level. The recruiter [...]
Ai Weiwei: Making Sense at the Design Museum is a triumph April 6, 2023 There is a saying among locals in the Chinese city of Xi’an that the worst thing that could happen during a trip there would be to miss the world famous Terracotta Army. The second worst thing would be to see the Terracotta Army. You see, despite this lifesize army of clay soldiers being a genuine [...]
Gas prices: How long before they return to pre-energy crisis levels? April 5, 2023 Gas prices will not return to pre-crisis levels for another three years despite the recent drop-off, warns investment group Stifel.
HSBC versus Asian shareholders: Bank’s chiefs warn Hong Kong investors against ‘risky’ break-up April 3, 2023 HSBC’s top brass hit back at shareholder proposals to spin off the bank’s Asian business and pay fixed dividends, as it sought to quieten shareholders’ discontent about the bank’s business model. At a meeting of investors in Hong Kong, Reuters reported that HSBC chair Mark Tucker warned a restructuring or spin-off of HSBC’s Asia business [...]
The must-have accessory for global finance chief execs? A first class flight to Beijing April 3, 2023 A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their relations with Beijing at the start of President Xi Jinping’s new term. Goldman Sachs CEO David Solomon, HSBC CEO Noel Quinn and Standard Chartered boss Bill Winters are among the [...]
China’s undeclared information war with Taiwan is a warning from Beijing April 3, 2023 We can't afford not to care about what happens between China and Taiwan. And it's not a matter of "if" anymore - it's a matter of what we'll do when Beijing challenges Taiwan, writes Eliot Wilson
China ahead in carbon capture race with 73 per cent of patents, while UK filed just 1 per cent March 25, 2023 Chinese scientists filed 73 per cent of all carbon capture and storage (CCS) patents last year, research from Mathys and Squire shows.
Now the BBC has told staff to delete TikTok from any corporate devices March 20, 2023 The BBC has urged staff to delete TikTok from any corporate devices unless they are using it for editorial and marketing reasons. Guidance sent to staff at the broadcaster on Sunday, as first reported by Deadline, said: “We don’t recommend installing TikTok on a BBC corporate device unless there is a justified business reason. If [...]