Exclusive: Institutional investors and wealth managers increasingly ‘test’ crypto market September 28, 2021 More than six in ten institutional investors and wealth managers from the US, UK, France, Germany, and the UAE that currently don’t have any exposure to cryptocurrencies and digital assets, expect to invest in these for the first time within the next year, according to new data, shared exclusively with City A.M. today. In most [...]
Close Brothers’ operating profit soars 88 per cent in FY21 September 28, 2021 Close Brothers, a leading UK merchant banking group, has seen profits surge in preliminary results for the 2021 financial year, registering growth across all departments. Group income climbed by 10 per cent while adjusted operating profit grew to £270.7m, 88 per cent higher than the previous year. Investors were treated to earnings of 134.8 pence [...]
Pilgrim’s Food Masters starts trading after completing £703m Kerry acquisition September 28, 2021 Pilgrim’s Food Masters, which was created following the £703m acquisition of Kerry Group plc’s Consumer Foods’ Meats and Meals in June, has started trading. Kerry Group agreed to sell its Meats and Meals business in the UK and Ireland, which manufactures food-to-go and meat-free products, to American corporate Pilgrim’s Pride for €819m. Pilgrim’s Food [...]
Lynch extradition trial set for decision by Home Secretary this week September 28, 2021 MIKE Lynch’s battle to fight extradition to the US on fraud charges could come to an end this week, with the Home Secretary due to rule on his case tomorrow. Priti Patel had been expected to opine last week but her decision was delayed by seven days.It marks the latest twist and turn in what [...]
Tom Kelman CA is bringing B-corps to 21st-century business September 28, 2021 For everyone who strived to achieve A grades at school, take heart: B is the new benchmark for 21st-century business. Tom Kelman CA, Consultant Finance Director at B Lab UK, tells Kitty Finstad why the B team is now the one to be on. This article first appeared in ICAS’ CA magazine. Build back better. The [...]
City of London Corporation calls on Labour to support growth of UK financial services September 28, 2021 The City of London’s local authority has called on Labour to give more vocal support to the financial services sectors post-Covid. The City of London Corporation urged Labour “to support and promote the growth of financial and professional services across the UK” to drive the economic recovery. Shadow chancellor Rachel Reeves did not mention financial [...]
Why capex is key to solving the supply chain issues hampering the economy September 27, 2021 There are many incentives for capital expenditure (capex). Companies may invest in new technologies that help boost productivity and allow them to become more efficient. Or there may be inflationary pressures that companies want to offset with less waste, or through new equipment that will allow them to become more productive but will also help [...]
Exclusive: Waterloo and City line set to fully reopen “very, very soon” September 27, 2021 Transport for London’s (TfL) Commissioner has said that crucial commuter artery the Waterloo & City line could fully reopen by the end of the year. “The fact that the City is now getting busier means we are actively looking at when we can increase to full service on the Waterloo & City line so I [...]
Sunak must nurture British business with fair taxes and smart reforms September 27, 2021 London’s famous vibrancy has returned. City streets once again teem with activity, pent up for so long but now unleashed. Yet it would be a mistake to assume the journey ahead is an easy one. London – like the rest of the UK – stands at a crossroads. And the path we choose will decide [...]
Woke young Lib Dems most likely to turn to crypto, study finds September 27, 2021 Crypto is a smash hit with young investors, particularly those with left leaning political views according to a new study. Young people, particularly those with left-leaning views, make up the majority of UK crypto investors with the Liberal Democrats found to be the natural political home of digital asset enthusiasts. A resounding 29 per cent of LibDem [...]