Schroders assets under management reaches a ‘new high’ of over £730bn March 3, 2022 Schroders assets under management (AUM) have reached new heights, swelling by 10 per cent last year to £731.6bn. The asset manager enjoyed a profit before tax jump of 25 per cent, reaching £764.1m, the first announced in its full year results today. The “strong” financial performance prompted the board to recommend a dividend of 122.0p [...]
Revenue soars for London estate agent Foxtons as ‘hustle and bustle of city life’ returns March 2, 2022 London estate agent Foxtons has posted buoyant revenue of £126.5m, up on pre-pandemic levels. The company reported revenue up 35 per cent against 2020 and up 18 per cent against 2019, in financial results published on Wednesday. The boosted results come as renters have flocked back to London with the scrapping of Covid restrictions. The [...]
A friend of Putin: Former German chancellor’s staff quit March 1, 2022 Former German chancellor Gerhard Schroeder has reportedly watched all the staff in his taxpayer-funded office walk away, while he resists growing pressure to cut his ties to the Kremlin. It comes amid the Kremlin-backed invasion of Ukraine, which has seen Schroeder – a long-time friend of Putin – fall under scrutiny. Leaders of Germany’s Social [...]
Johnson accuses Putin of ‘indiscriminately killing children’ as Russia accused of war crimes March 1, 2022 Boris Johnson has accused Vladimir Putin of indiscriminately “sending missiles into tower blocks to kill children” as evidence of widespread Russian war crimes against Ukrainians begins to mount. The Prime Minister today said after a meeting with Polish PM Mateusz Morawiecki that “I’m more convinced than ever as this hideous conflict progresses that Putin will [...]
McKinsey and BCG face calls to cut ties with Russian businesses, after pledging to sever links with Putin government March 1, 2022 Consultancy giants McKinsey and Boston Consulting Group (BCG) are facing calls to further sever their links to Russia, after both firms said they would stop working with the Russian government. The calls come after the UK government called on City of London firms to cut ties with Putin’s regime. Consulting giant McKinsey is facing calls [...]
Belarus joins invasion of Ukraine as troops cross border while 40 mile long Russian convoy nears Kyiv March 1, 2022 Mad March begins in Moscow: ICC to open war crime probe while Shell pulls $3bn out of Russia and Ukraine applies for EU membership.
Real estate giant JLL reports record revenue for fourth quarter February 28, 2022 Real estate giant JLL has reported record revenue and fee revenue for the fourth quarter. In results published on Monday, the Chicago-based firm reported record revenue of $5.9bn and fee revenue of $2.8bn for the quarter. Revenue shot up 23 per cent while fee revenue jumped 42 per cent. The real estate and investment management [...]
GSK chief ‘extremely confident’ of July listing for consumer division February 28, 2022 GlaxoSmithKline chiefs said today they are lining up a July spin off for the firm's consumer health division Haleon, as they remain positive that they can shrug off market volatility in the coming months.
City Giving Day is the opportunity for everyone to get involved February 28, 2022 The City of London is a global leader in financial and professional services, but not everyone knows that it also invests significant sums in communities and causes to change lives and make a wider positive impact on society. For companies, City Giving Day is an opportunity to showcase their charitable and community work, and let their staff and visitors know about the [...]
Ukraine war day three: Kyiv under curfew as Russia continues advance to the capital February 26, 2022 Day three of the Russian invasion of Ukraine marks another day of upsetting scenes for many across the world. After a night of gunfire and explosion, Ukrainian President Volodymyr Zelensky posted a self-shot video walking around the streets of the capital. As it stands this evening, Ukrainian forces remain in control of the capital city [...]