Fiat and Vauxhall owner Stellantis warns EV costs will lead to job cuts December 1, 2021 Stellantis NV Chief Executive Carlos Tavares said external pressure on automakers to accelerate the shift to electric vehicles potentially threatens jobs and vehicle quality as producers struggle to manage the higher costs of building EVs. Governments and investors want car manufacturers to speed up the transition to electric vehicles, but the costs are “beyond the [...]
BT launches new manifesto to ‘enact real change’ December 1, 2021 BT Group has launched a new business-wide plan to focus and accelerate its efforts to build a better business for its customers, the economy and society at large this morning.
Crypto.com snaps up two exchanges from IG Group for $216m December 1, 2021 Crypto.com plans to purchase two exchanges from London-listed fintech IG Group in a $216m deal expected to close in the next six months.
Peel Hunt revenue and profit sink from pandemic highs in its maiden results December 1, 2021 Peel Hunt, the London broker for mid and small-cap companies, said its revenue dropped by almost a quarter in the six months to 28 September, immediately prior to its £280m listing on London’s AIM market at the end of that month. Revenue sank 23.4 per cent to £71.4m, down from £93.2m in the same period [...]
Brickability revenue soars by 197 per cent amid construction boom December 1, 2021 Brickability benefitted from the recovery of the housebuilding market in the six months to September 2021 with revenue up 197 per cent.
House prices jump 10 per cent in a year amid buoyant market December 1, 2021 House prices are 10 per cent higher than they were last November, and grew 0.9 per cent compared to October, according to an index.
City Moves: Who’s switching jobs in the Square Mile today? December 1, 2021 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. Two Magnolias UK-focused venture capital investor Two Magnolias has posted the former UK head and European president of BP to its board. Peter Mather, who will chair the board, will help Two Magnolias close its new £50m sustainability [...]
Kin + Carta Chairman John Kerr CA on becoming the first London-listed B-Corporation December 1, 2021 This article first appeared in ICAS’ CA magazine. Kin + Carta helps clients undergo digital transformation. But, crucially, its strong ethical underpinning means it’s set to become the first London-listed B-Corp. Chairman John Kerr CA explains why it’s blazing the trail. Kin + Carta describes itself as a transformative business. At first glance, this refers to [...]
Activist investor pushes Glencore to spin off coal business November 30, 2021 Activist investor Bluebell Capital Partners has called on commodities titan Glencore to spin off its thermal coal business.
UK financial regulator proposes near doubling of fees November 30, 2021 The Financial Conduct Authority (FCA) has proposed a near-doubling of the fee it charges authorised firms for supervision services.