Sport is guilty of shutting its eyes to Russia’s geopolitical ambitions February 27, 2022 Roman Abramovich’s near 20-year ownership of Premier League club Chelsea has been shrouded in mystery and therefore subject to constant scrutiny and speculation. Indeed, until the weekend, it remained unclear why he is there and what he is seeking to achieve. The oligarch has denied having direct links with Vladimir Putin but has been seen [...]
Week ahead: Russia-Ukraine conflict to drive market swings in City February 27, 2022 Wild market swings are expected to characterise the week ahead in the City as investors respond sharply to developments in the Russia-Ukraine conflict. Last week, the FTSE 100 registered its worst day in 20 months on Thursday, the day Russian troops flooded into Ukraine, before staging a comeback on Friday to end the week down [...]
Weekend Exclusive: Lloyds banker turned charity guru Bernie Hollywood OBE on mental health in the City February 27, 2022 Londoner Bernie Hollywood OBE spent nearly a decade as a corporate banker at Lloyds Banking Group’s HQ at 25 Gresham Street in the City. These days, he is determined to make a difference: next year, the 63-year-old is rowing the Atlantic to raise funds for youth mental health. City A.M. caught up with him to [...]
Is it time a decentralised world created a scoring system for accurate information? February 26, 2022 Dr Chris Kacher examines how our industry can help to purify accuracy in the freedom of expression we crave.
Darktrace: Dips and Dives February 24, 2022 For a cyber security firm Darktrace’s reputation has been anything but secure. As Jack Stockdale, CTO and founding partner, told City A.M.: “One minute you can be the tech darling, the next minute you’re not. Then, suddenly, you are again!”
What’s behind value’s recent renaissance? February 24, 2022 The debate over the value and growth investment styles has been intense in the opening weeks of this year. Value’s relative outperformance has been eye-catching, with the MSCI World Value index returning -1.3% in January compared to -9.3% for MSCI World Growth. In some ways though, this is just a continuation of last year’s oscillations [...]
Businesses have the power to fix their own board diversity problems without quotas February 24, 2022 The business case for creating diverse leadership teams based on people’s experience, hard-work and achievements, rather than their background or gender, is obvious. You would find it hard to track down any credible academic, researcher or business expert across the world who disputes this. Put simply, businesses are more innovative, prosperous and profitable, when they [...]
Rishi Sunak to outline argument for tax cuts in keynote speech February 23, 2022 Rishi Sunak will promise to cut taxes in a keynote speech today, with the chancellor to hit out at “flippant” calls for him to slash taxes immediately without considering the effect on planned spending. The chancellor will say at the annual Mais lecture that “I am going to deliver a lower tax economy, but I [...]
Camden and Chelsea among London areas to see biggest rent increases February 23, 2022 Average London rents are predicted to grow 14 per cent over the next five years, according to data exclusively shared with CityA.M. Desirable areas including Kensington and Chelsea, City of London, Camden and Hammersmith and Fulham saw the largest rental increases, with prices jumping around a third for each borough. Data from CBRE found that [...]
Rio Tinto unveils whopping $16.8bn dividend with surging iron ore demand powering profits February 23, 2022 Rio Tinto has paid out a monster $16.8bn dividend to shareholders, the second biggest in the history of the FTSE 100.