Fill your boots: Dr Martens weathers pandemic storm with six-million shoes sales and £61.3m profits December 9, 2021 Dr Martens has stepped up to the plate amid pandemic uncertainty with strong half-year results in its maiden market statement.
Foresight appoints new infrastructure co-chief on strong demand for sustainable investments December 9, 2021 London-listed sustainable investment manager Foresight has this morning announced the appointment of Ricardo Piñeiro as a new co-head of its infrastructure division, as the group expects the trends driving its rapid growth in sustainable infrastructure investment to continue apace. Assets under management rose 13 per cent to £8.1bn in the six months to 30 September, [...]
BBC Dragon’s Den star launches Flight Story: the FTSE 100 guide to TikTok December 9, 2021 BBC Dragon’s Den star Steven Bartlett, has launched Flight Story- a world-first in-house communication and talent platform that provides public companies with the people, process and technology they need to build a resilient retail investor community around their story.
Square Mile braces for Plan B as businesses say work from home guidance will ‘destroy’ trade December 8, 2021 Businesses in the City of London have said they are preparing for the worst ahead of a reported announcement on a work-from-home message. Multiple media outlets have reported that the Prime Minister is to usher in vaccine passports for large venues and instruct office employees to work from home once more. There will be a press [...]
Central bank of Norway acquires stake in fast fashion firm Boohoo December 7, 2021 The central bank of Norway has acquired a 3.1 per cent stake in fast fashion retailer Boohoo, according to documents filed on the London Stock Exchange. Norges Bank is now the fifth largest institutional investor in the online retailer, following confirmation of the investment this week. Boohoo co-founder Mahmud Kamani is still the largest single [...]
Grassroots ESG: Retail activist investment platform Tulipshare raises $11m December 7, 2021 Tulipshare is targeting the next generation of shareholders by tapping into their booming interest in retail investment and demand for a corporate ESG overhaul. After launching in July, the London-based startup has raised $10.8m in seed funding from investors including Eurazeo, Speedinvest and Frst, and received backing from the co-founders of friend locator app Zenly [...]
Outlook 2022: Global economy December 7, 2021 2022 is set to be another good year for growth, albeit the recovery is likely to remain unbalanced. Anticipated withdrawal of emergency levels of support will play important role in shaping outlook. Risks include higher-than-expected inflation and weaker growth. The emergence of the Omicron Covid variant has reminded us of the uncertainties which remain around [...]
London markets boosted by bullish Omicron outlook December 7, 2021 Investors continue to be bullish about the Omicron variant posing little threat to the global recovery from the pandemic, lifting London markets today. The capital’s premier FTSE 100 index shot up 1.13 per cent to 7,314.33 points during the first hour of trading. The mid-cap FTSE 250 index, which is more aligned to the health [...]
West End landlord points to new signings as proof of post-lockdown recovery December 6, 2021 West End landlord Shaftesbury has signed over 60 new retail and leisure brands since October 2020, in a vote of confidence for central London’s post-lockdown recovery Bosses said this interest highlights the speed of the West End’s recovery following the lifting of pandemic restrictions. Some 33 retail brands including American Eagle and Aerie have set [...]
Experian exclusive: Businesses’ credit scores stabilise as recovery is in full swing December 6, 2021 Businesses’ credit scores are recovering well from the impact of Covid-19, according to industry giant Experian, sharing some of its findings exclusively with City A.M. this afternoon. Business credit score levels were back up to the pre-pandemic average of 44 by September 2021, compared to a score of 40 throughout most of lockdown. Looking at [...]