Ithaca Energy announces fresh shareholder payout after £175m windfall tax hit August 23, 2023 Ithaca Energy has announced fresh dividend payments for shareholders in its half-year trading update, despite a hefty windfall tax hit.
Trade bodies warn Bank of England economic data ignores small business fears August 22, 2023 The proportion of businesses that will struggle to pay back debts due to rising interest rates could increase to the highest level since the financial crisis, the Bank of England has warned. In a blog post published today, the central bank said the proportion of firms that are seeing debt-servicing distress is projected to increase [...]
Coinpass acquired by OANDA August 22, 2023 OANDA Global Corporation has acquired a majority interest in London-based crypto asset firm Coinpass Limited.
Stepping Stones to Sustainability – Improve your supply chain in 5 steps August 22, 2023 Introduction Sustainability is increasingly high on people’s agenda and has become a buzz word in business circles. Measurable performance and tangible outcomes are becoming the standard across all sectors. But what does this really mean in practice, and how do you make your business more sustainable in a meaningful way? We break sustainability challenges down [...]
FTSE 100 bosses got a £500,000 pay hike last year – but guess who got paid the most? August 22, 2023 The salary of FTSE 100 chief executives surged by 16 per cent in 2022, according to new figures out today. The figures, collated by think tank the High Pay Centre (HPC), revealed the median pay for the bosses of the UK’s top 100 firms reached £3.91m in 2022, a £500,000 jump from £3.41m in 2021 [...]
Let them join AGMs! Retail investors shouldn’t be stuck on the sidelines forever August 22, 2023 The tide is turning. For decades, influence over large company decision-making has been dominated by a handful of institutional investors. But recently, the number of everyday people who trade for themselves in small quantities – retail investors – has been steadily growing. Fuelled by the availability of DIY investing apps, the percentage of UK shares [...]
‘Clouds are lifting’: UBS looks back to the stock market as recession risks recede August 21, 2023 The “clouds have started to lift” on the global economy and investors are beginning to warm to the idea of backing stocks again, according to a UBS executive.
Horizon 22: London sky-high viewing gallery set to elevate the capital August 21, 2023 London is preparing to level up its skyline game with the unveiling of Horizon 22, Europe’s highest free public viewing gallery. Set to open its doors this September, Horizon 22 is perched on Level 58 of the towering 22 Bishopsgate – City of London’s tallest building. Horizon 22 is “yet another huge vote of confidence” [...]
Citi eyes shake up to give Brit-born boss more influence August 21, 2023 Citigroup boss Jane Fraser is reportedly contemplating a major corporate shake up, potentially dissolving the bank’s largest division, the Institutional Clients Group (ICG). Under this plan, according to the Financial Times, the ICG would be divided into its core segments: investment and corporate banking, global markets, and transaction services. In what would mark the most [...]
Take back control? We need to repurpose the slogan for climate change and green jobs August 21, 2023 Even the UN Secretary General Antonio Guterres has said "climate change is out of control" - we need to take it back, writes Chris Hayward.