Mauricio Preciado-Awad CA: Making a big impact with small change November 22, 2021 This article first appeared in ICAS’ CA magazine. UK social investment has grown sixfold in a decade, thanks in part to Big Society Capital using money from dormant bank accounts. Investment Director Mauricio Preciado-Awad CA tells Kitty Finstad about the big impact of small change If you were living in the UK around the time of [...]
London markets boosted by rallying bank stocks as rate hike bets lift sentiment toward sector November 22, 2021 A rally among banks boosted London markets this morning as sentiment toward the sector improved on strengthening prospects of the Bank of England hiking rates. The capital’s premier FTSE 100 index climbed 0.49 per cent 7,258.91 points, while the mid-cap FTSE 250 added 0.30 per cent to 23,561.92 points. The likes of Barclays, NatWest and [...]
City Moves: Who’s switching jobs in the Square Mile this week? November 19, 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. C. Hoare & Co. Private bank C. Hoare & Co. has posted a former JP Morgan executive to its board as a non-executive director. India Gary-Martin brings some 25 years of experience to the role, from across [...]
City Moves: Who’s switching jobs in the Square Mile this week? November 17, 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. MCF Corporate Finance Corporate finance advisory firm MCF Corporate Finance has hired a mergers and acquisitions (M&A) veteran as a new partner. Joining the firm’s technology practice in London, Atul Monga brings 13 years’ worth of experience from across Big Four firm Deloitte [...]
Revolution Bars cuts losses as young people revive bar chain after Covid-19 revenue drop November 16, 2021 Revolution Bars Group’s (Revolution) revenues are being revived by the return of its young customer base, as it looks to recover from a brutal drop in sales. Sales plummeted by nearly two-thirds this year, falling from £110.1m in the previous year to £39.4m. The premium bar chain suffered restrictions or closures every day during its [...]
Starling Bank CEO: Barclays ‘firmly in our sights’ as we’ll be bigger within five years November 15, 2021 Barclays is firmly on the radar of Starling Bank’s senior management, as the company said it is working to overtake the Canary Wharf-based banking giant in the business banking market within the next five years. The bold predictions come as the digital lending disruptor is getting ready for a stock market float. Starling’s founder and [...]
COP26: China, US, India and Australia absent from global coal pact November 4, 2021 China, US, and India and Australia have not joined 48 nations pledging to phase out coal production. All four countries are collectively responsible for over 50 per cent of coal emissions. The pact was agreed at the COP26 climate conference in Glasgow, and commits countries to ending coal power usage in the 2030s across major [...]
COP26: Global pact will ‘consign coal to history’ says Alok Sharma – CityAM : CityAM November 4, 2021 The end of coal production is in sight, argues Cop26 president and cabinet minister Alok Sharma, as 46 countries agree to phase out the world’s most polluting energy source. Coal is responsible for 46 per cent of carbon dioxide emissions worldwide. The countries have committed to ending coal power usage in the 2030s across major [...]
Top finance brass: City grandees need to show off green stripes to rake in bonuses November 3, 2021 City grandees will need to show off their green stripes to rake in bumper bonuses, some of the finance industry’s top brass said today. The chief of one Britain’s biggest banks, part state-owned NatWest, sent a warning shot to the bank’s top dogs that their environmental track record will be considered when awarding bonuses. Speaking [...]
London markets dip as NatWest tumbles on money laundering charge October 29, 2021 London markets tumbled this morning driven by investors being spooked by NatWest booking millions to deal with the fallout of a money laundering scandal. The capital’s premier FTSE 100 index dipped 0.24 per cent to 7,231.78 points, while the mid-cap FTSE 250 fell 0.37 per cent to 23,113.91. More to follow.