New report outlines how to deepen UK-India capital market links July 1, 2021 A new report released today [1 July 2021] calls for the development of a deep, liquid corporate bond market in India to fund the country’s large infrastructure investment needs and its transition to a low carbon economy. Unleashing the potential of the Indian Debt Capital Markets is the first report by the City of London Corporation [...]
Culture Corner: Your guide to summer in the City July 1, 2021 Culture in the City this month kicks off with Alexander Sitkovetsky performing on 1 July with the London Concertante Orchestra in Southwark Cathedral. The London Concertante have a full and varied programme which you can watch and stream at your leisure too. Alexander and his world renowned trio, the Sitkovetsky Trio, have a new album [...]
CEOs who weighed into GB News learnt a valuable lesson on the power of politics July 1, 2021 If CEOs learn anything from the campaign to boycott GB News and the fallout generated by companies’ responses, it is that they ignore politics at their peril. Over the last half-century, one of the most important shifts in the business world has been corporate leaders recognising they have wider responsibilities to society as well as [...]
Sunak reveals new climate impact disclosure rules July 1, 2021 Chancellor Rishi Sunak has today announced plans to introduce new rules to force firms to reveal their impact on the climate. Speaking at Mansion House, Sunak announced that businesses across the economy will have to report on the impact they are having on the climate and environment. “We’re launching new requirements for businesses and financial [...]
Micro Focus narrows loss as software group slashes costs July 1, 2021 British software firm Micro Focus today reported a narrower loss for the first half of the year as it reaped the rewards of a cost-cutting plan. The London-listed company, which helps customers maintain and update legacy IT systems, posted an operating loss of $154.8m (£112m) for the six months to the end of April. This [...]
Polar Capital profits surge 49 per cent July 1, 2021 Asset manager Polar Capital posted a robust set of results this morning, driven by strong inflows into its funds. Pre-tax profit climbed 49 per cent to £75.9m in 2021, up from £50.8m in the previous year. The firm recorded net inflows into its funds of £517m in the quarter to 25 June 2021. Assets under [...]
Editorial: Quarantine exemptions for CEOs must be part of wider travel plans to fulfil the Global Britain promise June 30, 2021 In December 2019, Boris Johnson vowed to fight for a Global Britain as the nation prepared to leave the European Union. He promised to ensure the United Kingdom would remain a hub for international business and would be even more attractive on the world stage once it was unshackled from the bureaucracy of Brexit. Over [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 30, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. IoD’s chief economist departs for Fitch Ratings The Institute of Director’s (IoD) chief economist will step away from the role next week to become director of economics at US credit rating [...]
Exclusive: O2 exec on the £31bn mega merger with Virgin Media and why mobile is the future June 30, 2021 O2’s recently approved £31bn tie-up with Virgin Media will speed up investment in telecoms infrastructure and bolster the UK’s post-pandemic recovery, the mobile network’s boss said recently. The mega-merger, agreed last year by O2 owner Telefonica and Virgin Media parent Liberty Global, received final approval last month after an in-depth probe by regulators amid concerns [...]
Three exciting jobs in London right now June 29, 2021 After what feels like a lifetime of lockdowns, restrictions and hitting pause on life, things are slowly returning to normal. And frankly, we couldn’t be happier. During this global pandemic, countless businesses all over the world introduced hiring freezes, furlough schemes and had to make some tough decisions. But there has been a shift, and [...]