Interview: Mike Adams, CEO of Purple, on changing the disability conversation November 1, 2021 Mike Adams, CEO of Purple, shares with Lysanne Currie his mission to change the disability conversation from disadvantage and inequality to one about potential and value. This article first appeared in ICAS’ CA magazine. Mike Adams has a useful exercise for leaders to try with their own company website. He calls it the no-mouse test. When [...]
Publicans loaned £138m to own businesses in battle for survival November 1, 2021 Pub owners injected £138m in loans to their own businesses to keep them afloat during the pandemic. Private equity investment firm Growthdeck found that some 1,730 UK pubs and bar companies ran so short of cash last year that their directors had to make loans to them from their own personal resources. As hospitality venues [...]
Five charts which explain what is going on with inflation November 1, 2021 “Output gap”, “bottlenecks”, “core inflation”, “base effects”, “second-round effects” “labour participation rate”. These are some of the key industry terms essential to understanding what’s going on with inflation. Soaring job vacancies reflect the strong economic recovery of the world’s major economies, as Covid-19 induced restrictions have been gradually eased. Shortages of materials, energy and transport [...]
Which stock markets look cheap? November 1, 2021 The last time I wrote an update of stock market valuations was back in January. A great deal has happened in the world since then, but from a valuations standpoint, precious little has changed. Nothing is cheap. And the markets which were most expensive in January are still the most expensive. And those which were relatively [...]
Can UK handle a rate rise as economy rebounds? November 1, 2021 The UK economy grew by 0.4% in the month of August after latest estimates showed GDP contracted in July by 0.1%. July was disrupted by a spike in infections and tougher restrictions on self-isolation and testing for anyone in contact with those testing positive for Covid-19. This was known as the “pingdemic”, referring to the [...]
Dealmakers brace themselves for 2022 surge in UK M&A November 1, 2021 A survey of top dealmakers has revealed widespread conviction that the number of M&A deals in the UK will surge in the next 12 months, driven by an uptick in distressed deals as well as an expected flurry of activity in the TMT sector. After the number of mergers and acquisitions involving UK companies dipped [...]
Culture Secretary urges public to buy newspapers in fight against big tech misinformation November 1, 2021 Culture Secretary Nadine Dorries MP calls on the public to buy newspapers and visit news sites in a quest to support the British press.
Carlyle charts record earnings on pandemic recovery October 29, 2021 Global investment firm The Carlyle Group yesterday reported its third quarter earnings increased nearly fivefold, fuelled by record assets sales, predominantly from its private equity portfolio. Distributable earnings rose to a record $731m, up from $152m a year earlier. This brought distributable earnings for the year to date to $1.3bn – an increase of 155 [...]
Letters: Stepping into Rishi’s shoes October 29, 2021 [Re: Hey, big spenders, October 28] If I were Chancellor for the day, there would certainly be a long to-do list. While I appreciate it’s a balancing act – starting to seriously address the long term deficit would be a priority. Making a dent in the £304bn black hole (net borrowing at the end of [...]
The party’s over: Pub bosses warn pint prices will rise despite Budget promises October 28, 2021 A major pub boss has swiftly ended the party for cheaper pints, warning prices could creep up by 25p to 30p in spite of the 3p price cut promised by ‘fizzy Rishi’ in Wednesday’s Budget. Speaking to BBC’s Today Programme, Shepherd Neame chief executive Jonathan Neame, whose brewery runs 300 pubs across the South East, [...]