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 [...]
5 Myths about Women and Investing June 29, 2021 I recently participated in a lively podcast with two fellow women in investing, Jane Barratt, who is chief advocacy officer of the fintech MX, and Meredith Jones, author of ‘Women of The Street: Why Female Money Managers Generate Higher Returns’. Our conversation, hosted by alternative investment platform YieldStreet, explored some of the misconceptions about women and investing. These are abridged [...]
Workers expect to boost revenue after in-person meetings resume June 29, 2021 Workers expect to boost the amount of revenue they generate once they are able to meet face-to-face with clients again, new research published today has revealed. According to hospitality group Accor, workers expect to make a quarter more in revenue when they are able to communicate with clients in person. Professionals predict they will make [...]
LIVE: Blaze in Elephant & Castle under control, roads in area reopened June 28, 2021 Station commander James Ryan just told City A.M. the huge fire at Elephant & Castle train station is under control, nearly four hours after it started. Dozens of police and ambulance crews were still on the scene at 7.15pm this evening. The cause of the fire is unknown and is being investigated, he added. The [...]