London beats Euro rivals to retain tech investment crown (yes, despite Brexit) January 12, 2023 London sailed past European rivals to retain its crown as the top destination for tech investment last year as nearly $20bn was pumped into the capital’s start-ups, new data has revealed.
London holding off UK recession but businesses sweat over inflation January 12, 2023 London appears to be withstanding the UK’s wider economic decline, with businesses hiring at a record pace and expecting their finances to fatten up over the coming year, a new survey out today reveals. The capital’s jobs market is running at red hot levels, according to the London Chambers of Commerce and Industry’s (LCCI) latest [...]
Global cost-of-living crisis risks ‘dire consequences’ for planet as firms ditch climate concerns January 11, 2023 The global cost-of-living crisis threatens to railroad efforts to combat climate change, “potentially leading to dire planetary and societal consequences,” the World Economic Forum (WEF) warned today. Soaring energy and food prices are forcing governments and private businesses to turn to cheaper, often dirtier resources to produce goods and services. As a result, “the risks [...]
Can British bullishness tackle one of the globe’s biggest climate problems? January 11, 2023 It’s not a myth. Climate change is here and it’s happening — it’s not just happening in David Attenborough documentaries. The effects of climate change are measured and proven — ice caps melting, rainy seasons are getting shorter, vegetation is drying out and dying, more cloud cover, record heat temperatures, the weather is becoming more [...]
Is ESG facing an existential crisis? What could be next for sustainable investing… January 11, 2023 It’s been a rough year for ESG – Russian oil companies qualify as sufficiently environmentally and socially responsible to receive ESG funds. Sam Bank-Friedman’s bankrupted FTX crypto enterprise has a higher ESG score on ‘leadership and governance’ than Exxon/Mobil. In light of the discovery of controversial ESG fund allocation, it is vital ESG undergoes a significant [...]
To ESG or not to ESG, why bother? January 11, 2023 There’s no denying the bombshell declaration of $9.5bn of “socially conscious funds” from ESG investments being tied up in Russian oil companies has come as a predictable shock. Or when ESG ratings company Truvalue Labs gave Sam Bank-Friedman’s FTX crypto enterprise a higher score on ‘leadership and governance’ than Exxon/Mobil. Being neither environmentally nor socially responsible, [...]
Stop blaming lazy landlords for empty shops and look for the cause not the symptom January 11, 2023 We're blaming landlords for empty high streets because we're too scared to look at the real problem underneath, the falling incomes across the country putting retail in a binds, writes Dominic Curran.
Andrew Bailey and Jerome Powell play down central banks’ climate change role January 10, 2023 Andrew Bailey and Jerome Powell, two of globe’s top rate setters, have today said central banks should only have a limited role in tackling climate change. The chiefs of the Bank of England and US Federal Reserve, speaking at a summit hosted by the Swedish central bank, the first in the world, played down their [...]
Clawback: How Barclays is chasing down Covid-19 business loan cash January 10, 2023 Barclays has teamed up with a specialist insolvency practitioner to recover money loaned to small businesses through the UK’s Covid support schemes. The British bank has joined forces with insolvency firm Manolete Partners to recover emergency loans paid through the UK government backed Bounce Back Loan Scheme (BBLS), the Financial Times first reported. The UK’s [...]
Pantheon: Investment slump on Bank of England’s rate hikes will deepen UK recession January 10, 2023 The UK recession is set to be powered by businesses slashing investment due to higher interest rates squeezing their finances, City economists have warned. Finance chiefs are “despondent” amid a rapid acceleration in borrowing costs caused by the Bank of England scrambling to tame sky high inflation, Samuel Tombs, chief UK economist at Pantheon Macroeconomics, [...]