Liontrust hit by £500m outflows as investor jitters spread July 19, 2022 London-listed asset manager Liontrust revealed it had been hit by £500m of outflows in the three months to June today as investors continue to pull back from markets amid extreme volatility.
Joules: Margins continue to be under pressure as shoppers seek out sale items July 19, 2022 Prestige retailer Joules has said discount-hungry consumers have intensified pressures on margins while expecting yearly profit to surpass expectations. The clothing and lifestyle brand admitted gross margins had “remained under significant pressure” after “consumer appetite” was focused on marked down products. Shoppers have been hunting for reductions amid monster hikes in energy and fuel bills, [...]
Heatwave continues: Britain prepares for scorching temperatures as rail, retail and airports face disruption July 19, 2022 Brits are set to face temperatures of up to 41c today which is likely to be the hottest day on record. The country is struggling to cope with the extreme temperatures, with Luton Airport temporarily grounding all flights yesterday due to the heat, which melted a part of the tarmac. London’s transport network continues to [...]
What a new world order might mean for the global economy July 18, 2022 Russia’s invasion of Ukraine has opened fault lines between nations which will affect trade relations and investment for years to come. The war in Ukraine is already having a significant effect on inflation and activity in the world economy as commodity prices have soared and supply chains have been disrupted. Inflation in the G7 was [...]
Dark clouds gather over the City as staggering 136 London-listed companies issue profit warnings July 18, 2022 As cost inflation bites and more and more Brits start thinking about their spending, a growing number of London-listed companies have issued a series of profit warnings this year. In fact, the number of firms which issued the warnings – always a headache for shareholders – jumped by 66 per cent in the first six [...]
Heatwave: Brits shun high street as businesses close to protect staff from scorching temperatures July 18, 2022 Brits have shunned the high street today as temperatures are expected to hit 40 degrees on Monday, while some businesses in London have closed. Office workers have shunned their workplace air-con and opted to avoid sweltering public transport, Springboard’s footfall figures reveal. Springboard’s ‘back to the office’ benchmark for central London office hubs shows that [...]
Next apologises to staff for underpaying them for months after payroll malfunction July 17, 2022 Next has apologised to staff who have been underpaid for several months after a new IT system malfunctioned. Staff have been underpaid for months after payroll functions were outsourced to the US tech firm Oracle in February, according to The Sunday Times. The London-listed firm has been trying to solve the error for months, with [...]
Brits turn to ice cream, paddling pools, BBQs and fans as temperatures set to break record today July 17, 2022 Sales of paddling pools and fans are soaring and ice cream is set to break a record for the amount bought in a single week as Brits prepare for more heat with temperatures continuing to rise. With an “amber” extreme heat warning in place for much of England and Wales today, tomorrow and Tuesday, Tesco [...]
Time to pour cold water on the FUD and misinformation from Bitcoin doubters July 16, 2022 Crypto AM's Dr Chris Kacher thinks the heat needs turning down on the current crypto FUD spread that reminds him of 2014 and 2018.
City Moves: Who’s switching jobs in the Square Mile? July 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Westwind Capital London-headquartered Westwind Capital, a new European private equity real estate investment platform has appointed a chief financial officer and chief operating officer, as it builds out its C-suite. Stepping into both roles, Mark Terry brings [...]