Asset manager Ashmore reports stunted growth as ‘challenging’ conditions plague emerging markets January 17, 2022 Specialist Emerging Markets asset manager Ashmore announced a 4.4 per cent drop in assets under management (AuM) following “challenging market conditions”.
Millions of Brits to be plunged into ‘fuel stress’ as experts downgrade UK economic forecasts January 17, 2022 Millions of Brits are set to be plunged into fuel stress when the energy watchdog hoists the cap on bills, reveals a new study published today. The number of households languishing in fuel stress will treble overnight to 6.3m when the new energy price cap takes effect on April 1, research carried out by the [...]
Patagonia boss calls on businesses to ‘justify’ sustainability claims January 16, 2022 Patagonia’s boss has once again slammed businesses for greenwashing, a practice which sees companies inflate their sustainability to lure in consumers. The outdoors retailer, which has been making fleeces from recycled bottles since the 90s, in 2011 issued a full-page advert in the New York Times urging customers to rethink their Black Friday purchases, even [...]
Nadine Dorries hints at upcoming axing of BBC licence fee as funding is frozen January 16, 2022 Culture secretary Nadine Dorries has hinted the BBC licence fee will soon be scrapped as she oversees a two-year freeze on funding for the public broadcaster. Dorries took to Twitter today to confirm a Mail on Sunday story about the BBC licence fee being frozen for two years, which will lead to an effective funding [...]
Week ahead: City braces for more eye watering inflation data January 16, 2022 The City’s attention this week will zero in on latest UK inflation estimates published on Wednesday. Although experts expect the rate of price rises to remain broadly unchanged, investors are likely to gulp at inflation remaining at historically high levels. According to the Office for National Statistics (ONS), inflation hit 5.1 per cent in November, [...]
BBC to swallow licence fee freeze to buffer cost of living January 16, 2022 The BBC is set to swallow a two-year license fee freeze, which could see the broadcaster having to find savings of more than £2bn over the next six years. Ministers will unveil the plan this week, though it has been reported to be one of a number of announcements being tabled in Downing Street in [...]
Energy Bills: PM mulls bank loan plan with price cap set to hit £2,400 January 15, 2022 The government is reportedly mulling bank loan proposals to smooth a hike in the cost of energy bills expected this year.
JP Morgan hits record annual profits despite fourth quarter slowdown January 14, 2022 JP Morgan has reported record annual profits today despite a slowdown in its trading business and rising costs biting into into fourth quarter profit margins. Profits for the full year hit a record $48.3bn, but the final quarter of the year saw a dip to $10.4bn, a 14 per cent fall on the previous year. [...]
Bitcoin quietly going about its business as the world returns to normal chaos January 14, 2022 Bitcoin continues to quietly make headway in adoption around the world amid a whirlwind of curious global news, writes Jason Deane.
Letters: Time to learn you E-S-Gs January 14, 2022 [Re: Terry Smith has a point – and the rest of the City should listen too, yesterday] Andy Silvester wrote how Terry Smith, one of Unilever’s top shareholders, “has a point” when saying the company has “lost the plot” with its focus on sustainability. Mr Smith told Fundsmith investors this week that Unilever has become [...]