Square Mile to celebrate Queen’s platinum jubilee with Commonwealth Games baton relay May 24, 2022 The Square Mile will celebrate the Queen’s platinum jubilee this weekend with a baton relay ahead of the Commonwealth Games. Her Majesty will be honoured during an afternoon of sport-themed activities hosted at Paternoster Square, next to St Paul’s Cathedral, on 4 June. The event, beginning at midday, marks the closing stages of the baton’s [...]
IAG shareholders revolt against ‘excessive’ share award to boss Luis Gallego May 24, 2022 Shareholders at British Airways’ parent company IAG have revolted against the “excessive” share award given to boss Luis Gallego. Proxy voting agency Glass Lewis told investors to vote against the policy at IAG’s annual general meeting next month, as the proposal to increase Gallego’s share award from 100pc of his salary to 150pc under IAG’s [...]
Bailey bats away claims Bank of England has fuelled inflation May 23, 2022 Governor of the Bank of England Andrew Bailey today snapped back at criticism he and the central bank’s committee of rate setters have fuelled inflation in the UK. The governor dismissed accusations the Bank has contributed to the current living cost spike by over-flooding the UK economy with money during the Covid-19 crisis. “What I [...]
What does a weaker yen mean for investors in Japan? May 23, 2022 Changing economic circumstances could alter the market impacts of currency weakness explain experts Masaki Taketsume, George Brown and Robbie Boukhoufane. It’s a been a difficult first third of 2022 for markets generally, which is perhaps unsurprising given the many sources of uncertainty and discord in the world. A very sharp depreciation in the value of [...]
I can’t believe it’s not Gazprom! Gas giant’s UK division seeks rebrand as it severs ties with Putin May 23, 2022 Gazprom Energy is planning to rebrand its UK supply business as it looks to distance itself from Putin's regime and Russia's invasion of Ukraine.
Send poorest Brits a cheque and don’t hike corporation tax, George Osborne tells Rishi Sunak May 23, 2022 Former Chancellor of the Exchequer George Osborne is convinced a windfall tax is coming, despite the squabbling between Numbers 10 and 11, while also saying he would put a cheque in the post to the poorest families in the UK. Moreover, he disagrees with present Chancellor Rishi Sunak over the proposed rise in corporation tax. [...]
The City should be a 24/7 destination outside of the Thursday evening drinks rush May 23, 2022 Tomorrow, Londoners will get their first chance to ride on the Elizabeth line as it finally opens in a major boost for the capital. Coming hot on the heels of the reopening of the Northern line’s Bank branch, the Elizabeth line will provide an economic shot in the arm – bringing an extra 1.5 million [...]
Boris Johnson should take a lesson from Emmanuel Macron to boost UK’s economic growth May 23, 2022 Boris Johnson should follow in the footsteps of Emmanuel Macron by ensuring Britain is made a “natural home for investors,” the Centre for Policy Studies (CPS) has said. In launching a new 10-point manifesto to boost Britain’s economic growth, the CPS published new researching showing investors are worried about the UK’s trajectory and concerned about [...]
Windfall tax talk rattles Tories as Rishi Sunak reportedly backs the levy May 22, 2022 The prospect of a windfall tax on large energy firms has provoked a fierce Tory backlash, after it was revealed yesterday Rishi Sunak is in favour of a levy.
Eni plans €2.5bn investment into UK energy sector as calls for windfall tax escalate May 22, 2022 Italian oil major Eni will spend at least €2.5bn in the UK over the next four years, amid growing calls for a windfall tax.