Heineken meets Coronation Street: ITV vows to normalise alcohol-free beer with new ad deal April 26, 2022 ITV and HEINEKEN have announced a ‘first of its kind’ partnership that will see a real-world beer go on tap at two of TV’s most famous pubs.
UK judge rules against Qatar Airways in latest episode of $600m corporate divorce saga April 26, 2022 A UK judge ruled today against Qatar Airways, in the latest episode of a bigger divorce battle between the airline and Airbus. London’s High Court denied a request by the Doha-based carrier to force Airbus to keep building A321neo jets, after plane maker slashed Qatar Airways’ order for 50 planes in January. The Toulouse-based plane [...]
Sombre faces in Canary Wharf as HSBC profits nosedive on Ukraine war and inflation worries April 26, 2022 It’s not the best of mornings for HSBC as the banking giant saw its first-quarter profits tumble by more than a quarter after taking a hit on expected bad debts due to the Ukraine war and soaring inflation. The lender posted a 28 per cent drop in pre-tax profits to £3.3bn for the first three [...]
The City View: Musk on cusp of Twitter buy, and global markets down April 25, 2022 Today Andy Silvester talks to Jack Barnett, City A.M.’s Economics and Markets reporter. They go through the global market dip and why China’s zero-Covid lockdowns are concerning investors; bank earnings for Q1; and new ONS data showing that 9 in 10 households have recorded an uptick in their cost of living. And in the news, [...]
Taking ‘real action’: InPost founder Rafal Brzoska sends 500 tonnes of humanitarian aid to Ukraine April 25, 2022 One of Poland's richest men Rafal Brzoska sent a train carrying over 500 tonnes of food and medical supplies to Ukraine this weekend, in what he calls taking "real action".
City political chief hits back at London ‘laundromat’ label April 25, 2022 The City’s political chief has rebuffed claims that London has become a “laundromat” for dirty cash after scrutiny has ramped up in the wake of Russia’s invasion of Ukraine.
The Square Mile’s efforts on sustainability must be grounded in real action – not claims April 25, 2022 Earlier this month, the City saw the familiar banners and heard the recognisable chanting of Extinction Rebellion, who made their way across the Square Mile. Protests like theirs have become commonplace globally. Whether you agree with their tactics or not, it is impossible to deny that their actions reflect a shift in the public mood. [...]
English football to get independent regulator to oversee finances, Government confirms April 25, 2022 The Government will today confirm plans to introduce an independent regulator for English football to oversee the game’s finances and prevent more clubs from going bust. It will have legal powers to investigate and sanction teams, and will also be tasked with drawing up and operating tougher tests for anyone wanting to own English clubs. [...]
Week ahead: City eyes cladding bill impact on house builders’ bottom lines April 24, 2022 Signs of the negative impact of the government turning to home builders to fix the cladding crisis is likely to draw City traders’ gaze in a week of jam packed corporate and economic announcements. London’s capital FTSE 100 index dipped 0.78 per cent to 7,521.68 over the last week, while the mid-cap domestically-focused FTSE 250 [...]
The Airbus v Qatar Airways’ feud: All you need to know about the $1bn corporate divorce saga April 23, 2022 The latest chapter in the Airbus v Qatar Airways’ saga took place earlier this month when the corporate divorce battle reached judges in the UK. Qatar Airways and Airbus faced each other in a London court on 7 April, for the first since the airline filed a $1bn lawsuit after it was forced to ground [...]