Investors eye UK supermarkets’ Christmas performance in busy week on London markets January 9, 2022 Investors will be eyeing how the UK’s biggest supermarkets fared over the Christmas trading period in a busy week of corporate announcements on London markets. Traders will be looking for clues in the string of supermarket updates on whether the imposition of plan B measures and soaring Covid-19 cases prompted consumers to divert money that [...]
Labour calls for windfall tax on North Sea oil and gas in bid to cut energy bills January 9, 2022 Labour is calling for a windfall tax on North Sea oil and gas to pay for a series of measures that would cut household energy bills by around £600 per year for the country’s lowest wage earners. The plan, unveiled today, would see every consumer save just under £200 per year and 9m of the [...]
China central bank needs carbon goals in new policies, says ex-IMF lead January 9, 2022 China’s central bank should consider carbon neutrality goals when making monetary policies, a former deputy managing director of the International Monetary Fund has said today. Speaking at the New Financial Forum in Beijing on Sunday, Zhu Min advised the Bank to add carbon neutrality to its monetary goals’ third pillar – which also includes [...]
Apple boss earns 1447 times more than his employees January 7, 2022 Apple chief Tim Cook earned 1,447 times more than the average employee at the tech giant, according to new filings.
DeFi can surpass traditional finance, institutions need to embrace it now January 7, 2022 We imagine partnerships will emerge, and interoperability between traditional and decentralised financial companies will become the norm, says Rob Gaskell.
Cardano Group grows by £18.5bn as it snaps up Dutch sustainability specialist January 7, 2022 Pensions advisory and investment specialist Cardano Group has grown its assets under management (AUM) by over £18.5bn as it completes the acquisition of a Dutch sustainable investing firm today. London-based Cardano has acquired ACTIAM as it looks to broaden its services across investment funds, corporate sustainability analysis and ESG advice. Cardano agreed a deal to [...]
Income of FTSE 100 executives passes median UK worker’s annual salary today despite CEO pay dropping to £2.7m January 7, 2022 New research shows this morning that the pay of top company executives will pass the median annual wage for a full-time worker by Friday morning, sparking outrage from unions. The High Pay Centre said that, by this morning, the median FTSE 100 chief executive (CEO) will have been paid the median UK worker’s annual salary. [...]
BNPL firms welcome regulation as clampdown looms January 7, 2022 Buy Now Pay Later (BNPL) firms have welcomed impending regulation of the sector as the Government prepares to clamp down following a consultation which closed yesterday. Klarna and Clearpay both claimed the time was right for regulation and confirmed they had submitted recommendations on new rules to the Treasury. Alex Marsh, Head of Klarna UK, [...]
Oil prices rise amid escalating unrest in OPEC+ producer Kazakhstan January 6, 2022 Oil prices have risen on both major benchmarks today, following escalating unrest in OPEC+ oil producer Kazakhstan and supply outages Libya.
Mischon de Reya hit with record fine after breaching money laundering rules January 6, 2022 Top City law firm Mishcon de Reya has been slapped with a record £232,500 fine, plus costs, after major breaches of money laundering rules. The prestigious firm has agreed to pay a £232,500 fine, in addition to £50,000 towards investigation costs, after a probe from the Solicitors Regulation Authority (SRA). The regulator concluded that certain [...]