UK banks provided over $50bn in financing for coal-exposed firms from 2018 to 2020 May 4, 2021 The UK’s biggest banks provided $56bn worth of financing for firms involved in the coal industry between 2018 and 2020, new research today has found. Of the top five banks exposed to the sector, Barclays provided by far the most financing to firms on the Global Coal Exit list, with $27bn. HSBC and Standard Chartered [...]
Covid-19 gives employees itchy feet as job hunts are on the rise May 4, 2021 Job hunts are rising for those in corporates, consultancies and start-ups, according to figures from Movemeon, as multiple lockdowns have shown bosses under a different light. A third of those working in management consultancies are looking for a new role, alongside nearly a quarter of those in private equity and venture capital (PE/VC). Employees getting [...]
S4 Capital hikes profit forecast after strong first quarter May 4, 2021 Sir Martin Sorrell’s S4 Capital today lifted its revenue and profit targets for the full year after posting another quarter of rapid growth. The digital advertising firm reported revenue of £122m in the first three months of the year, up 35 per cent on the same time last year. Gross profit grew by a third [...]
Former MP Luciana Berger joins Cazoo’s ESG board May 4, 2021 Online used-car retailer Cazoo has appointed former MP Luciana Berger to its board, once its $7bn merger with AJAX has been completed. Joining as a non-executive director, Berger’s political career last saw her as the Liberal Democrat shadow spokesperson for health, social care and wellbeing in 2019. Currently managing director of advocacy and public affairs [...]
Recalibrating the corporate ecosystem May 4, 2021 Atapestry of reform is needed to recalibrate the corporate ecosystem. It’s not just about audit reform. It is time to recalibrate the corporate ecosystem. Prior tothe publication of the BEIS consultation, ICAS issued a paper exploring how various recommendations from the Brydon, Kingman and CMA reviews might be combined to deliver a tapestry of reform [...]
City Recovery Taskforce: innovation and creativity must be at the heart of Square Mile’s restoration May 4, 2021 As history shows, the City of London is nothing if not adaptable and this remarkableability to reinvent itself in response to economic and social trends lies at the heartof its success. Throughout the centuries, the resilience of the Square Mile has meantthat, whatever adversity it is hit with – great fires, plagues or wars – it has alwaysmanaged to [...]
Bitcoin bounces back to $58k level, and Ethereum breaks $3K May 3, 2021 A look back at the crypto week as Bitcoin steadies on $58 while second-placed Ethereum breaks $3k.
The value of vowels: Can Abrdn keep its legacy with its rebrand? May 2, 2021 With corporate and financial institutions, it is vital that all aspects of a brands’ communication evoke trust in that organisation, claim mind and market share, and lend gravitas and confidence to its product. The recent announcement that Standard Life Aberdeen is changing its name to Abrdn is a lesson for us all. Any serious, corporate [...]
We need mentorship at an executive level to achieve greater diversity May 2, 2021 Women have suffered disproportionately during the pandemic. A staggering 40 percent in the UK said they feel worse off than a year ago, according to February data from our monthly consumer sentiment survey, and more than 20 percent said their finances suffered. Efforts to help women recover and relaunch their careers must include mentoring. It’s well [...]
Goldman Sachs in talks to invest £250m in challenger OVO Energy April 30, 2021 A division of Goldman Sachs is reportedly in talks to invest £250m into the UK’s second largest energy supplier OVO Energy. A private investment division of Goldman Sachs’ asset management division is in “advanced” talks with the company, Sky News reported, and the deal could be announced within weeks. It could raise between £250m and [...]