Think-tank calls for ESG regulation to clampdown on ‘greenwashing’ February 21, 2022 A regulatory research body has called on Britain to clampdown on corporate ‘greenwashing’ by regulating sustainability ratings, as investors increasingly seek out sustainable investment opportunities.
While looking for Brexit opportunities: Jacob Rees-Mogg profits directly from Chinese pharma and Russian gas investments February 21, 2022 The government’s new minister for Brexit opportunities, Jacob Rees-Mogg, is directly profiting from significant investments in a pharmaceutical company in China as well as a Russian gas company, according to reports. Somerset Capital, in which Rees-Mogg holds a 12 per cent stake, reportedly invested £5.7m on behalf of clients in a company that potentially faces [...]
PrimaryBid gets backing from SoftBank in $190m funding round February 21, 2022 London-based retail investment platform PrimaryBid has today closed a $190m funding round as readies to ramp up its growth across Europe and the US.
A two-tiered debt capital bond market puts economic equality in the UK in peril February 21, 2022 The pledge to tackle economic inequality across the country is a central ambition of this government. What the financial industry can do in this process is a key question of our times. Finding an answer can help define the City’s legacy and the financial industry’s impact on broader society for generations to come. The City [...]
HMRC rakes in £50bn thanks to new business taxes February 21, 2022 New research released today has revealed that HMRC has collected more than £50bn from firms in the last decade thanks to eight new business taxes. According to data from Thomson Reuters, in the past year alone, eight new taxes raised a total of £7.2bn from businesses, including £300m from its newest tax, the Soft Drinks [...]
The fierce wind of Storm Eunice shows why we must not forget about climate change February 21, 2022 Storm Eunice hit on Friday, bringing disruption across the country and once again focusing minds on climate change and how it may impact our lives in the future. Scientists are often reluctant to blame specific weather events on climate change, but the Met Office predicts that in future the UK will see warmer and wetter [...]
Scandal-hit miner Rio Tinto to unveil historic dividend February 20, 2022 Rio Tinto will reportedly hand $16.5bn to shareholders, in one of the largest ever annual dividends in UK corporate history.
The Analyst: A Silicon Valley report card February 18, 2022 Ian Whittaker has been a City analyst for more than two decades, and what he doesn’t know about media, advertising and the creative services industry isn’t worth knowing. Here’s his monthly column for City A.M. THE YEAR is going quickly. From an analyst perspective, a lot of that has to do with the fact that [...]
Hogan Lovells poaches two of Linklaters M&A lawyers as M&A boom continues February 17, 2022 City of London law firm Hogan Lovells has poached two of Linklaters’ M&A lawyers, as the surge in M&A activity continues. Anglo-American law firm Hogan Lovells, which has headquarters in London and Washington, D.C., said it has hired Peter Cohen-Millstein and Megan Ridley-Kaye to join its New York M&A practice, as it pushes forwards with [...]
Bank of India’s deputy governor is acting like King Canute February 17, 2022 Standing on the sidelines on the issue of cryptocurrencies is an unsettling approach for a senior central banker to take, says Nigel Green.