‘We talk about the three Cs now: cost of living, climate and conflict’ December 9, 2022 KPMG’s ESG chief, John McCalla-Leacy, discusses the scale of the challenge ahead ESG is a mercurial beast to grapple with at the best of times. Standards and regulation are yet to be consistently drawn up; definitions swing from a governance tool to an all-encompassing by-word for impact investing; and businesses and political leaders have begun [...]
The Power of FinTech: Delivering on the ESG Agenda December 9, 2022 Many point to the 2008 financial crisis as the birth of the current fintech movement. At a time of economic turmoil, innovators and new entrants stepped in to rebuild trust and resilience in the financial sector and provide better, easier, and cheaper services to the end consumer. Nearly 15 years later, the world is facing [...]
Regime shift: investing into the new era December 9, 2022 As this economic cycle ends, we shouldn’t expect to see the patterns of the past decade repeated. A new regime in policy and market behaviour is unfolding which investors need to understand if they are to find the best opportunities and safeguard their portfolios. The re-opening of economies after Covid sparked a phenomenon investors have [...]
ITVX launch: The streaming service that hopes to win youngsters back December 8, 2022 ITVX has officially launched today, replacing the broadcaster’s clunky Hub and welcoming a flurry of new viewers – or so ITV hopes. The man behind this fresh new streaming platform is ITV’s managing director Rufus Radcliffe, who has made it his task to draw in youngsters and advertisers. The platform rebrand was first announced back [...]
RMT accuses government of torpedoing rail negotiations December 7, 2022 The union RMT has accused the UK Government of torpedoing negotiations, pushing a resolution of the rail dispute “further away.” Union bosses claimed today the Rail Delivery Group – which is negotiating on behalf of train operators – was instructed by the government to take on the strikes. “It is now absolutely clear that the [...]
UK risks green ambitions with levies and planning hurdles, warns Siemens Energy December 7, 2022 The UK's planning restrictions and levies on renewable producers threaten what should be an attractive market for green projects.
All Bar One owner Mitchells & Butlers complains of ‘significant uncertainty’ over energy bills next year December 7, 2022 Mitchells & Butlers has said “significant uncertainty” remains over the heftiness of its energy bill next year, as pub bosses have called for more financial aid. The All Bar One and Toby Carvery owner said its trading environment “remains very challenging,” as cost inflation headwinds were expected to be as much as 12 per cent [...]
Dragons’ Den star Levi Roots on Brixton being the ‘sauce’ of entrepreneurial spirit December 7, 2022 In Brixton, the “heartbeat of the community” is its market, Dragons’ Den star and the businessman behind Reggae Reggae sauce, Levi Roots, tells CityA.M. The south London district has been Roots’ home ever since he moved to the UK as a young child from Jamaica, so it’s no surprise it is close to his heart. [...]
Exclusive: Planned redundancies in financial services up 46 per cent in last quarter December 7, 2022 Redundancies in financial services are up 46 per cent in the last quarter as employers look to save money amid the prospect of a bleak economic winter. Recessionary headwinds have “caught up” with hundreds of firms, forced to move on from desperately filling a shortage of staff, to letting existing employees go. In figures exclusively [...]
Wall Street banks shed staff as global slowdown bears its teeth December 7, 2022 Wall Street banks are laying off workers to offset the damage inflicted on their finances by a slowing global economy. US lender Morgan Stanley yesterday became the latest firm to announce redundancies, shedding two per cent, or around 1,600, of its workforce. Goldman Sachs earlier this year also slashed staff and its chief executive, David [...]