The City View: Aviva CEO calls out City sexism, and recession likely May 11, 2022 Today Andy Silvester talks to City A.M. reporters Leah Montebello and Jack Barnett. Jack takes us through a prediction by the National Institute of Economic and Social Research of a technical recession at the end of the year, and talks inflation worries; and Leah discusses ITV’s new streaming service, and Channel 4’s partnership with YouTube. [...]
Aviva chair hits back at shareholders following ‘inappropriate’ comments at AGM May 11, 2022 The chair of Aviva has said he was left “flabbergasted” by a barrage of “inappropriate” comments targeted towards female board members at Aviva’s annual general meeting (AGM) this week. The Aviva chair hit out at shareholders, after investors subjected female company executives, including Aviva chief Amanda Blanc, to a barrage of sexist comments on Monday, [...]
France dominate semi-final schedule as clubs add to festival of rugby May 9, 2022 It’s no secret that France has been grabbing the headlines in international rugby: Six Nations champions, hosts of the next World Cup and home to the world player of the year Antoine Dupont. But fans the continent over are currently enjoying a golden era of French club rugby, too, with 19 of the possible 40 [...]
Forget a windfall tax, our pension funds need to give up their fossil fuel addiction May 6, 2022 Yesterday, Shell reported their highest ever quarterly profits after raking in $9.13bn. Only days before, BP had similar results, with the largest earnings in more than a decade. Even if you didn’t know much about the industry, with the surging price of oil and gas, you could have easily predicted this. Indeed, many politicians did, [...]
Ollie Phillips: A Leicester Tigers European triumph would be incredible May 6, 2022 If Leicester go on to win the Champions Cup this season I think it will be one of modern rugby’s greatest stories. From an extremely poor season just two years ago to the quarter-finals of Europe, while also heading up the Premiership table, is testament to Steve Borthwick and his ability to nurture a squad [...]
The City A.M. awards: A spectacular night in the Square Mile April 29, 2022 Almost two and a half years since the last City A.M. gala dinner, the brightest lights in the London business community gathered in person once again to toast the Square Mile’s success in what was an extraordinary year. Held for the first time in the Guildhall, the awards recognise those who made the City great [...]
Watchdog unveils plans for fund ‘side pockets’ to shield investors April 28, 2022 The UK’s top financial watchdog has revealed plans for the use of so-called fund ‘side pockets’ today to ring fence assets that have become untradeable in the wake of Russia’s invasion of Ukraine.
Government reveals plans for Solvency II overhaul in bid to unlock funding boost April 28, 2022 The Government has revealed its plans to overhaul EU-era insurance regulation today in a bid to unlock billions of pounds of investment from the UK's insurance giants into UK infrastructure.
Activist investors look to block Deloitte audit appointment over climate failings April 24, 2022 A group of investors including Aviva and Legal & General are readying to move against accountancy giant Deloitte this week in a bid to bar its reappointment as the auditor of FTSE 100 building supply firm CRH. Climate Action 100+, a shareholder activist group of 700 investors with a combined $68tn assets under management, will [...]
Driving seat: Uber picks up former British Airways exec as UK lead April 19, 2022 A former Aviva and British Airways executive has been selected to take a role in the driving seat of Uber's UK division.