Banker parachuted in to expel Credit Suisse’s scandal-laden reputation quits over ignoring Covid-19 rules January 17, 2022 The man parachuted in to save Swiss bank Credit Suisse’s crisis-struck reputation quit yesterday after breaching UK Covid-19 quarantine rules. Banking behemoth António Horta-Osório, 57, resigned as chairman of the Swiss lender after an internal probe found he broke Covid-19 measures to attend the Wimbledon tennis finals last summer. The departure of Horta-Osório is the [...]
Asset manager Ashmore reports stunted growth as ‘challenging’ conditions plague emerging markets January 17, 2022 Specialist Emerging Markets asset manager Ashmore announced a 4.4 per cent drop in assets under management (AuM) following “challenging market conditions”.
It’s time: diversity must drive innovation within our regions and our organisations January 17, 2022 With the Government’s eagerly awaited levelling up strategy due to be published later this month, the term itself has become a buzzword. A recent YouGov poll found more than half of people did not understand what levelling up means in practice. If the UK is to retain its position as an economic powerhouse, it is [...]
Exclusive: Kalifa calls on pension funds to fill fintech growth funding cap January 17, 2022 The author of a major review of UK fintech has called on pension funds to back British entrepreneurs and fill a major growth funding gap in the sector.
Week ahead: City braces for more eye watering inflation data January 16, 2022 The City’s attention this week will zero in on latest UK inflation estimates published on Wednesday. Although experts expect the rate of price rises to remain broadly unchanged, investors are likely to gulp at inflation remaining at historically high levels. According to the Office for National Statistics (ONS), inflation hit 5.1 per cent in November, [...]
Sir Martin Sorrell eyes up ad-tech with new £110m venture capital fund January 16, 2022 Advertising boss Sir Martin Sorrell is launching a £110m venture capital fund aimed at early-stage ad-tech companies.
BBC to swallow licence fee freeze to buffer cost of living January 16, 2022 The BBC is set to swallow a two-year license fee freeze, which could see the broadcaster having to find savings of more than £2bn over the next six years. Ministers will unveil the plan this week, though it has been reported to be one of a number of announcements being tabled in Downing Street in [...]
How the wine-in-a-can revolution is hotting up thanks to The Uncommon January 14, 2022 Canned wine has had a refresh. The UK market alone is now already worth over £3.5m and has grown 125 per cent over the last two summers. Now the sector has produced the first UK winemaker to achieve B Corp status. The Uncommon has been certified by B Lab, the not-for-profit behind the B Corp [...]
Shares in private equity giant TPG surge after flotation January 14, 2022 Shares in US Private equity giant TPG surged on its first day of trading.
Does mayo need a purpose? It’s time for a corporate governance reset at Unilever January 14, 2022 The City should take heed of Terry Smith’s recent comments on Unilever’s obsession with publicly displaying its sustainability credentials at the expense of focusing on the fundamentals of the business. Last year, chief executive Alan Jope claimed the purpose of Hellmann’s mayonnaise was “fighting against food waste.” It was a symptom of a wider malaise [...]