Letters: Here’s a gaming shake up January 21, 2022 [Re: When tech giant becomes gaming giant: Microsoft buys Call of Duty maker Activision Blizzard for a record £51bn, January 18] Microsoft’s acquisition of Activision Blizzard has the potential to make a significant change to the gaming industry. The almost $70bn investment is a significant amount, just coming short of Disney’s $71.3bn acquisition of Fox, [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 21, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. CISI The Chartered Institute for Securities & Investment (CISI) has confirmed that its long serving CEO Simon Culhane will step down. Handing over the reins in September, Culhane will depart the top role after 18 years. Culhane, who grew CISI’s [...]
Firms must explain themselves in this winter of price hikes January 20, 2022 The last time inflation was a hot-button political issue, Whitney Houston was top of the charts, the VCR was the must-have purchase, and a scandal-ridden Tory prime minister was clinging on desperately to power. Some things change, others less so. This marks trouble for business – in two ways. In the most obvious sense, prices [...]
FTSE 100 stocks to watch January 20, 2022 With January underway, we look at two high volume FTSE 100 stocks that you should keep an eye on in the coming months. 1. Lloyds In mid-December 2019, Lloyds was worth a respectable 64p per share. But after the pandemic-induced mini-crash, it had collapsed to 25p by September 2020. But after significant volatility, it’s recovering in the [...]
Exclusive: Most investors could not care less about ESG and sustainability January 20, 2022 With COP26 a few months behind us, more than half of UK investors admit sustainable investing is not a priority for them, with just under 45 per cent saying it is important and it is a priority in their investment portfolio. In fact, less than a third of British investors say COP26 and the UK [...]
Terry Smith rounds again on Unilever and labels failed GSK bids a ‘near death experience’ January 20, 2022 Terry Smith has launched a fresh attack on Unilever’s management as he labelled the failed bid for GSK’s consumer arm a “near death experience”.
Christmas sales at Revolution Bars dip as sector welcomes end of Omicron measures January 20, 2022 Revolution Bar Group has posted its disappointing like-for-like sales over the Christmas trading period, when fresh Covid measures hindered pub bosses’ hopes. Like-for-like sales sales for the six week period ending 1 January were down -23 per cent in comparison to the last Christmas before the pandemic struck. Office parties were cancelled in waves as [...]
Time Finance holds its ground through pandemic turbulence January 20, 2022 Time Finance has remained resilient in the face of pandemic disruption, revealing a steady set of results.
City Moves: Who’s switching jobs in the Square Mile this week? January 20, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. 11:FS Challenger consultancy 11:FS has bolstered its global advisory team with a new senior financial services executive. Maurício Magaldi, who has previously worked at IBM and HSBC, will help fintech firms and banks build their cryptocurrency strategies. “I’m thrilled [...]
The City View: January 19: Inflation and B-Corps January 19, 2022 Today Andy Silvester is joined by Kin + Carta CEO J Schwan, and by Jack Barnett to discuss today’s news on inflation and future rate rises by the Bank of England. Andy also goes through the headlines, which include GSK’s rebuttal of a £50bn Unilever merger, corporate results, and today’s political news as Boris Johnson [...]