Utmost grows assets under administration to £38.1bn in H1 2021 September 3, 2021 Utmost Group has reported strong results for the first half of the year, growing assets under administration to £38.1bn. The company, a leading provider of insurance-based wealth solutions, grew its asset base by 7.9 per cent year on year and wrote record new business of £1.3bn in H1 2021. The company reported an operating profit [...]
A carbon tax will allow capitalism to save the climate September 3, 2021 The Extinction Rebels are back at their barricades. This week, they smashed windows at JP Morgan’s offices and blockaded London Bridge. Speaking to LBC in the aftermath, Sadiq Khan worried they are alienating the public from their cause. They are certainly an uncompromising lot. Arla, the milk-maker, was a target of their ire. Even the [...]
A carbon tax will allow capitalism to save the climate – CityAM : CityAM September 3, 2021 The Extinction Rebels are back at their barricades. This week, they smashed windows at JP Morgan’s offices and blockaded London Bridge. Speaking to LBC in the aftermath, Sadiq Khan worried they are alienating the public from their cause. They are certainly an uncompromising lot. Arla, the milk-maker, was a target of their ire. Even the [...]
Another Goldman banker or a much needed hawkish voice: Who is Huw Pill? September 2, 2021 Much has been made over whether the corridors of the Bank of England will resemble a Goldman Sachs office following the appointment of Huw Pill as the Old Lady’s new chief economist. It does follow a string of high-profile appointments at the Bank in recent years from the pool of Goldman alumni. Mark Carney, who [...]
Freeports face delay due to ‘lack of tax detail’, experts say September 2, 2021 Tax experts have warned that the opening of England’s eight new freeports would likely be delayed because the government had yet to reveal details of the tax regime for the programme. After the locations for the new free trade zones were announced during March’s Budget the Treasury said that the programme could be up and [...]
Melrose shares pop as firm returns to profit September 2, 2021 Shares in industrialist Melrose jumped 5.0 per cent this morning as the FTSE 100 firm returned to profit after the pandemic. For the first half of the year the firm company that it had made an operating profit of £223m, back in the black after an £11m loss a year ago. Revenue crept up to [...]
Al fresco dining in London should be a staple part of an innovative hospitality industry September 2, 2021 London may have had its worst summer weather in a decade but it has nonetheless been one of the best when it comes to al fresco dining in our capital. The sights and sounds of our city streets packed with people catching up with much missed family and friends this summer has been genuinely heart-warming, [...]
Huw Pill succeeds Andy Haldane as Bank of England’s chief economist September 1, 2021 The Bank of England has appointed Huw Pill as its new chief economist, ending a prolonged search for Andy Haldane’s successor, it announced today. Pill joins the Bank of England from Harvard Business School, where he has been a senior lecturer since 2018. Prior to teaching, he was Goldman Sachs’ chief European economist and has [...]
Severe shortages clamp down on UK manufacturing growth September 1, 2021 Severe shortages of raw materials and workers and transport delays have compounded to clamp down on growth in the UK manufacturing industry, according to a closely watched survey published today. The latest IHS Markit / CIPS purchasing managers’ index edged down to 60.3 in August, a five-month low, dropping from July’s reading of 60.4. Despite [...]
Exclusive: Meet the serial entrepreneur on a mission to close the UK’s digital skills gap – CityAM : CityAM August 31, 2021 Businesses across the UK are increasingly sounding the alarm about the growing digital skills gap in the UK and, according to some, the failure of the government to address this issue properly. Earlier this summer, a group of London businesses called on Education Secretary Gavin Williamson to tackle London’s growing skills shortage, warning that the [...]