Banknote maker De la Rue downgrades profits as Omicron batters turnaround January 24, 2022 De la Rue has announced that it will be downgrading its profit expectations after a tumultuous year thanks to Omicron and supply chain woes.
London has bounced back before and it will do again as Covid-19 rules are dropped January 24, 2022 After a tough economic winter, the lifting of the Government’s Plan B restrictions is a much-needed boost for many Square Mile businesses that rely on footfall traffic from neighbouring offices. These businesses have faced exceptionally difficult trading conditions during the pandemic, with the reintroduction of guidance to work from home last month yet another disappointment. [...]
Aviation chiefs call for ‘new normal’ now with testing ditched for fully-jabbed fliers January 24, 2022 AIRLINE bosses have called on the government to rule out the introduction of border closures even if a new Covid-19 variant emerges. The government last week brought an end to so-called Plan B restrictions, which saw self-isolation rules and work from home guidance scrapped. With the UK believed to be past the peak of the [...]
Bumper year for shareholders as UK dividends rebound to hit £94bn January 24, 2022 Shareholders enjoyed bumper payouts last year as dividends rebounded from a pandemic slump to hit £94.1bn, new figures have revealed.
Activist investor Trian takes stake in Unilever as pressure builds on Alan Jope January 23, 2022 Activist hedge fund Trian Partners has reportedly taken a stake in Unilever as investors continue to pile pressure on beleaguered boss Alan Jope.
Timber titans: City of London bosses mull wooden skyscrapers in sustainability push January 23, 2022 City of London planning bosses are reportedly mulling wooden skyscrapers, as developers look to shrink their carbon footprint by moving away from steel and concrete. The so-called ‘plyscrapers’ are popular in Norway, Sweden, Singapore and Japan, and can reach several hundred feet high. The move could invite a host of new architecture to the Square [...]
Imminent US Fed rate hike cycle to jolt London markets this week January 23, 2022 Strong signals from the US Federal Reserve that a rate hike cycle is imminent at its latest meeting this week could jolt London’s financial markets. The Fed’s Federal Open Market Committee (FOMC), its group of rate setters, are expected on Wednesday to hint that a series rate rises will start in March. The world’s most [...]
UK’s largest ever health research project is looking for 5 million Brits January 23, 2022 A major health study which aims to predict who will get ill in their later years even before they show symptoms needs a record 5m volunteers. Hoped to be the UK’s largest ever health research programme, Our Future Health will track people throughout their lives in a bid to come up with new ways to [...]
Financial services litigation in 2022: Push payments, crypto fraud, ESG and a jump in interest rates January 22, 2022 Push payments, cryptocurrency fraud and a jump in interest rates could lead to more litigation in the financial services sector in 2022, an industry expert discussed with City A.M. this weekend. One of the biggest drivers of financial disputes this year could be authorised push payment fraud. Authorised push payment fraud involves fraudsters duping consumers [...]
Q&A: why tackle harmful deforestation – and how? January 21, 2022 With around 80% of terrestrial biodiversity existing in forests, deforestation poses a critical threat. It also has a broader impact on climate change, human rights and even global health, as the Covid-19 pandemic has brought to light through a suggested link with zoonotic disease (explained below). If tropical deforestation were considered a country, it would [...]