What next for crypto in the wake of the FTX scandal? December 8, 2022 Temple Melville looks over the fallout from the FTX scandal and points to historical data for signs of potential hope for crypto's future.
DS Smith pumped £100m into pension scheme amid mini-budget crisis December 8, 2022 Box maker DS Smith revealed it was forced to pump £100m into its pension scheme in September as the market was shaken by the fall out of Liz Truss’s disastrous mini-budget.
‘I won’t soak the City’: Starmer promises not to hike bank taxes if elected December 8, 2022 Sir Keir Starmer has promised not to carry out a tax raid on the banks if he is made Prime Minister as he continues his electoral pitch to the City. The Labour leader said he would not slap a windfall tax on City financial services firms or hike the banking surcharge during Labour’s business conference [...]
Incorporating business purpose into corporate social responsibility: how and why December 8, 2022 Consumers, candidates and society, in general, seek to live in and create a much fairer world where the organisations they purchase from or are employed by mirror their personal values and purpose. This fairer world benefits all of us – especially young people facing a rapidly changing world. More and more organisations are placing social [...]
UK risks green ambitions with levies and planning hurdles, warns Siemens Energy December 7, 2022 The UK's planning restrictions and levies on renewable producers threaten what should be an attractive market for green projects.
Exclusive: Planned redundancies in financial services up 46 per cent in last quarter December 7, 2022 Redundancies in financial services are up 46 per cent in the last quarter as employers look to save money amid the prospect of a bleak economic winter. Recessionary headwinds have “caught up” with hundreds of firms, forced to move on from desperately filling a shortage of staff, to letting existing employees go. In figures exclusively [...]
City Moves: Who’s switching jobs in the Square Mile? December 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. The Bank of London The Bank of London has poached its new chief financial officer from Metro Bank. Banking veteran Marc Jenkins, who will also join the executive management committee, spent two years as deputy and acting [...]
M&A slumps as UK dealmakers sit out rocky markets December 6, 2022 Mergers and acquisitions in the UK have slumped back to pre-pandemic levels this year as dealmakers play the waiting game amid wild swings on the markets, official figures have revealed. A total of 459 domestic and cross-border deals were completed in the third quarter of the year, nine down on the previous quarter and 159 [...]
Harry and Meghan, welcome to the Monochrome Set December 6, 2022 Harry and Meghan have fallen for the PR trap of turning pictures black and white in a bid to make them 'arty'.
‘The power of And’: Toyota launches new strategy to reach net-zero in EU by 2040 December 5, 2022 Toyota has launched a new strategy to achieve carbon neutrality in Europe by 2040 at the latest. The Japanese marque will focus on driving down the environmental costs of its operations as well as ramping up its electric vehicles’ production, as it aims for its fleet to become net-zero by 2035. To do so – [...]