London ranked most optimistic UK city for career prospects April 30, 2021 Londoners have been crowned the most optimistic about their career prospects, according to research by LinkedIn, as the City emerges from a third national lockdown. LinkedIn’s latest research has found that 68 per cent of people in the capital are feeling optimistic about their job chances. Across the rest of the country, 61 per cent [...]
Bank of Ireland sees strong first quarter as capital rises and costs drop April 30, 2021 The Bank of Ireland has reported a strong income for the first quarter of this year today, noting limited impacts on customer loans from longer lockdowns in the Irish market. Ireland’s largest bank by assets enjoyed a stable net interest income throughout its multiple lockdowns, exceeding initial forecasts, as its capital levels rose and its [...]
Barclays faces shareholder revolt over fossil fuel investments as AGM approaches April 29, 2021 Barclays is facing a second consecutive shareholder resolution concerning its position as Europe’s largest fossil fuel financier. Investors are increasingly drawing attention to the shareholder resolution due to be voted on at the bank’s Annual General Meeting next week, on Wednesday 5 May. A letter from investors with more than $4 trillion of funds urged [...]
Indeed: Highest paying jobs are seeing the least competition April 29, 2021 As restrictions ease, the UK’s job market has been slowly pulling itself together after a rocky year and according to jobs site Indeed, some of the highest paying roles are seeing the least competition. New figures by Indeed revealed that while recruitment is picking up speed, job postings are still 10 per cent below pre-pandemic [...]
FTSE 100 leaps as strong earnings drive index higher April 29, 2021 London’s FTSE 100 was boosted by a series of positive earnings this morning as the index shot up by 0.6 per cent. The blue-chips were buoyed by gains in medical products maker Smith & Nephew, who accelerated to the top of the index after revenue growth in the first quarter. The increase was also supported [...]
Paddy Power owner Flutter sees 32 per cent rise in revenues to £1.5bn April 29, 2021 Gambling giant Flutter Entertainment saw its total revenue leap by 32 per cent to £1.5bn in the first three months of the year, the company said this morning. The Dublin-based owner of Paddy Power and Betfair said that sports betting revenues shot up 43 per cent to £896m. Meanwhile, its gaming market grew 18 per [...]
NatWest beats forecasts as bank returns to profit in the first quarter April 29, 2021 NatWest returned to profit in the first quarter of the year after releasing cash it had set aside to cover bad loans due to the pandemic. The bank reported a pre-tax profit of £946m for the first three months of the year, beating an average analyst forecast of £536m. It exceeds the £519m pre-tax profit [...]
Exclusive: Private equity firms strike £10bn of carve-out deals as pandemic drives sale of non-core units April 28, 2021 Private equity firms made £10.1bn of corporate carve-out acquisitions in the UK last year, up from just £765m in 2019 as the Covid-19 pandemic drove more corporates to sell non-core business units, according to new data shared with City A.M. this evening. The economic disruption of the past year has forced many large businesses to [...]
City fund managers discuss post-pandemic opportunities, with NatWest, Lloyds and BP topping the list April 28, 2021 As the economy slowly recovers from what has been a dramatic year, and investors gradually dare to think again about growth and investment, City A.M. checked in with a number of prominent Square Mile-based fund mangers to find out where they spot opportunities as London’s investment community starts to shake off the pandemic. Banking, energy [...]
HMRC set to crack down on tax evaders’ crypto assets April 28, 2021 The recent surge in interest and value in cryptocurrencies is likely to lead to increased scrutiny on its links to organised crime, according to a top accountancy firm. The organised crime ecosystem is becoming increasingly digital and now there are concerns it is being used by tax evaders. HMRC is set to demand data on [...]