Counting down to the US election September 24, 2020 US elections are always significant and a point of interest around the world, but many are seeing this November’s as particularly so. Here are the big questions on the minds of investors. Can we trust the polls? Polls, as we all know, are not always correct. This time around they are of particular interest because [...]
UK investments remain resilient in the face of pandemic September 24, 2020 Total investments in the UK are set to near pre-pandemic levels this summer despite a torrid year for global markets amid the coronavirus crisis. Total assets under management (AUM) by members of the Investment Association (IA) reached a record high of £8.5 trillion at the end of 2019, a 10 per cent increase on the [...]
Mars scraps Uncle Ben’s branding over racism links September 23, 2020 Mars has announced its Uncle Ben’s rice brand will be renamed Ben’s Original following accusations of racial stereotyping, as the retail giant joins a list of global brands seeking to brush up their image. Mars today unveiled its revamp for the 70-year-old rice brand, which will see its logo of an African-American man dropped in [...]
Betting firm 888 hires Lord Mendelsohn as chairman September 23, 2020 Betting giant 888 Holdings has hired former Tony Blair adviser Lord Mendelsohn as its new chairman, marking the latest in a series of political appointments within the gambling industry. In a notice filed with the London Stock Exchange this morning, the FTSE-250-listed company confirmed Mendelsohn will replace former chief executive and current chair Brian Mattingley [...]
JP Morgan ‘to move €200bn assets from the UK to Germany’ due to Brexit September 23, 2020 JP Morgan Chase & Co is reportedly set to move €200bn (£184bn) assets from the UK to Germany as a result of Brexit. The US banking giant plans to finish the migration of the assets to a Frankfurt-based subsidiary by the end of this year, Bloomberg reported, citing people familiar with the matter. The shift [...]
Top companies still need to go further in putting women on boards September 22, 2020 As a woman in business and now as a minister at the Department for Business, Environment and Industrial Strategy (BEIS), I know first-hand how difficult it can be to rise through the ranks and establish yourself professionally in the corporate world. My first job was in a shop aged 16. I then went into retail [...]
What the past can reveal about the future of money September 22, 2020 Money is a technology. It may be cultural in nature, but its story is nonetheless one of relentless innovation leading to big changes in society. Today we are in the midst of a change that is as significant as any of the great historical leaps, such as the advent of coins or paper banknotes. The [...]
Lord Mayor’s Show cancelled due to coronavirus September 21, 2020 The coronavirus pandemic has forced the cancellation of one of London’s best known events for the first time in over 150 years. The Lord Mayor’s Show, which dates back hundreds of years, was due to have been held on 14 November, but the decision has now been taken to call it off. Due to the [...]
Trump says US firms must have total control of Tiktok September 21, 2020 US President Donald Trump has said he won’t approve the deal between Tiktok owner Bytedance and US partners Oracle and Walmart if the Chinese tech firm maintains any control. “If we find that they don’t have total control, then we’re not going to approve the deal… We will be watching it very closely,” Trump told Fox [...]
Rio Tinto could destroy another 124 Aboriginal sites September 21, 2020 Mining giant Rio Tinto is expected to destroy another 124 Aboriginal heritage sites in Australia, an inquiry into the destruction of the 46,000-year-old Jukkan Gorge sites has been told. Speaking to a parliamentary panel about the incident, archaeologist Anna Fagan said that the Western Ranges iron ore development project would do much more damage to [...]