16 years of returns: History’s lesson for investors February 2, 2022 This graphic shows the best and worst performing assets each year since 2006, and shows the powerful benefits of diversifying your investments. The temptation among investors is to stick with what you know. That is no bad thing. It is a strategy championed by successful investment pioneers such as Warren Buffett, a famous devotee of [...]
Amazon adds 25,000 workers amid e-commerce boom February 2, 2022 Amazon added 25,000 British workers to its payroll last year as booming demand for e-commerce led to a surge in recruitment at fulfilment and sorting centres.
UK law enforcement regime not ‘up to the job’ to prevent anti-money laundering, MPs warn February 2, 2022 The UK’s law enforcement regime is not “up to the job” to prevent fraud and money laundering infiltrating the country’s financial system, according to findings by an influential group of cross-party MPs published today. It is far too easy for financial criminals to clean dirty money through Britain and the government needs to urgently strengthen [...]
ExxonMobil records strong profits after cost-cutting measures February 1, 2022 Exxon Mobil has revealed full-year profits of $23bn, following a strong fourth-quarter of trading and successful cost cutting measures.
Blackwell’s puts itself on the sale shelf after 143 years of family ownership February 1, 2022 One of the UK’s oldest booksellers Blackwell’s is looking to sell up after its 143-year history as it scraps plans to hand ownership of the business to its employees. As first reported by Mark Kleinman, the academic bookshop which has been owned by its founding family since its first store opened in Oxford in 1879, [...]
Global ESG ranking of the world’s biggest banks: Which financial giants have the best credentials? February 1, 2022 Banks are increasingly vying to establish their ESG credentials in a very competitive marketplace, in the wake of last year’s COP26 climate talks and as they look to differentiate in the year ahead. For the first time, a full list of banks’ credentials has been compiled, carried out by East & Partners. The report found that BNP [...]
ExxonMobil cuts costs and combines businesses amid activist pressure February 1, 2022 ExxonMobil is cutting costs amid activist pressure, in a bid to boost returns and accelerate its transition to a greener future.
Editorial: The activists are a welcome sign of faith in the City’s future January 31, 2022 The City is not always portrayed well in the wider media, but a certain kind of Square Mile institution was rather effectively deployed at the beginning of Monty Python’s The Meaning of Life. The Crimson Permanent Assurance, a “once proud family firm fallen on hard times,” fights back against its new ownership by the Very [...]
Moody’s withdraws GoAhead’s rating following results delay January 31, 2022 Moody’s has withdrawn Go Ahead Group’s rating following the firm’s announcement last week that its audited results would be delayed until the end of February. The credit rating company has also removed Go Ahead’s Ba1 corporate family rating and its Ba1-PD probability of default rating, after initially reviewing them for a downgrade. Moody’s cited the [...]
The New State of M&A: EMEA January 31, 2022 What does the M&A process look like for practitioners today and in the future, and how much of it can and should be automated and in what areas? These are some of the key questions we asked 860 EMEA-based M&A practitioners from corporates, private equity firms, investments banks, law and professional services firms for their [...]