Rees-Mogg made minister for ‘Brexit opportunities’ in mini-reshuffle February 8, 2022 Jacob Rees-Mogg is now minister for “Brexit opportunities” in the Cabinet Office after he was moved from his post as House of Commons leader in a mini-reshuffle today. He will still attend cabinet in the newly created role, which will also include a remit to oversee “government efficiency”. Mark Spencer, former chief whip, replaces Rees-Mogg [...]
Share boost for Joules as boss warns of ‘severe’ cost increases February 8, 2022 Lifestyle retailer Joules saw its shares soar on Tuesday, although it warned of “the severe inflationary cost environment.” In interim results ended 28 November 2021, the Leicestershire-based company posted a pre-tax profit of £2.6bm. This was double the £1.3m profit in the comparable period last year. Revenue soared 35 per cent to £127.9m, up from [...]
Boris Johnson faces calls to apologise over Jimmy Savile smear from own party after Starmer abuse February 8, 2022 Tory MPs are urging Prime Minister Boris Johnson to apologise for the Jimmy Savile smear he levelled at Sir Keir Starmer after police had to rescue the Labour leader from a mob. Sir Keir was bundled into a police car for protection near Parliament on Monday as he faced baseless allegations of “protecting paedophiles” and [...]
Court attempts to end Brexit chaos in Northern Ireland by ordering immediate end to end of food checks February 4, 2022 The High Court intervened in the ongoing Brexit chaos in Northern Ireland this afternoon after a judge issued an interim order suspending a decision by Agriculture Minister Edwin Poots to direct a stop to Brexit agri-food checks at Northern Ireland ports. Mr Justice Colton said he was making the temporary direction until a judicial review [...]
BlackRock enters the TikTok fray with ‘financial wellness’ account February 4, 2022 The world’s biggest asset manager BlackRock has joined the TikTok craze with an account dedicated to “financial wellness” tips.
Which metaverse stocks should you watch? February 3, 2022 Following a bearish January, are metaverse stocks set to recover? Investors who are feeling a strange sense of déjà vu over January’s market sell-off are not alone. With tech stocks shattered, and CNN reporting Warren Buffett as ‘having the last laugh’, a new era of tightening monetary policy has seen investors reassess outlandish growth prospects. But this [...]
Interview: Zoom beyond lockdown February 3, 2022 Zoom CIO Harry Moseley talks to Leah Montebello about the firm beyond Covid-19
It’s a myth that ETFs are eating the world February 2, 2022 ‘Software is eating the world’: so wrote the US venture capitalist Marc Andreessen back in 2011. From today’s perspective, with companies like Alphabet, Microsoft and Meta dominating the stock markets, Andreessen’s observation seems to have held up. Had BlackRock chief executive Larry Fink made similar comments about exchange-traded funds (ETFs) 11 years ago, he likewise [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 2, 2022 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. finnCap Group finnCap Group has posted an HR veteran to its board, who has joined as a non-executive director. Annette Andrews brings some three decades worth of experience to the role, from across Lloyd’s of London, which [...]
Why the world’s whisky fans can’t get enough of Scotch February 1, 2022 Scottish whisky is selling fast in every corner of the globe as drinkers and collectors embrace the ‘wee dram’. In fact, in 2020, 36 bottles of Scotch were shipped every second to 166 global markets, totalling 1.1bn a year. Emerging Asian consumers are spending more than ever on Scotch, with Singapore and Taiwan now ranking [...]