Boardroom bloody noses: Activist activity surges as FTSE firms feel the heat over pay and director votes December 13, 2021 There were plenty of bloody noses around FTSE boardrooms this year, with new data out today showing a surge in investor activism rattling remuneration committees over pay awards and spooking directors trying to get re-elected to their posts. Investors in FTSE 350 companies are increasingly more activist, with a 29 per cent surge in shareholder [...]
Amazon’s ruthless move to block Visa credit cards forces anxious businesses to make stark choices December 9, 2021 Amazon’s recent decision to block Visa credit cards in the UK caught millions of businesses and consumers in between. As a result, many firms have some serious and fairly urgent choices to make, as industry insiders explained to City A.M. today. Amazon announced in November that it will no longer accept payments made with UK-issued [...]
Omicron hit to economy: New Covid restrictions may cost businesses £4bn in December December 9, 2021 The UK economy should brace itself for a £4 bn a month hit and see taxpayers foot the bill for more emergency support as new Covid restrictions to clamp down on the spread of the Omicron variant come into force, a think tank has warned. The right-wing Institute of Economic Affairs (IEA) said Plan B [...]
Zopa pulls out of P2P consumer lending as it blames cowboy firms for ‘damaging customer trust’ December 7, 2021 Peer-to-peer giant Zopa has started to inform customers it is closing down its P2P consumer investment division, transferring its loan portfolio to its relatively new bank unit. In an email to customers, Natasha Wear, peer-to-peer CEO at Zopa, wrote that “after 16 years of peer-to-peer consumer investments at Zopa, we’ve taken the difficult decision to [...]
An update from Partner, Head of Energy, Jonathan Parr December 6, 2021 | Sponsored To watch the update video in full, visit: https://doceo.tv/funds/triple-point-energy-infrastructure/ The Investment objective of Triple Point Energy Infrastructure is to generate total return for investors comprising sustainable and growing income and capital preservation with the opportunity for capital growth. The Company invests in a diversified portfolio of Eneregy Efficiency investments in the United Kingdom, in sub-sectors [...]
An update from Fund Manager of Alliance Trust, Craig Baker December 6, 2021 | Sponsored To watch the update video in full, visit: https://doceo.tv/funds/alliance-trust/ Alliance Trust has both a modern vision and a rich heritage. Established in 1888, they have successfully navigated many market crises and adapted their strategy over time. Today, they offer a responsibly managed portfolio, which provides individual UK investors with exclusive access to the top stock [...]
Experian exclusive: Businesses’ credit scores stabilise as recovery is in full swing December 6, 2021 Businesses’ credit scores are recovering well from the impact of Covid-19, according to industry giant Experian, sharing some of its findings exclusively with City A.M. this afternoon. Business credit score levels were back up to the pre-pandemic average of 44 by September 2021, compared to a score of 40 throughout most of lockdown. Looking at [...]
PA Awards 2021: The Finalists December 6, 2021 The City A.M. PA Awards was founded in 2019 as a celebration for the too often unsung heroes, who so frequently go above and beyond in their field, helping their companies to achieve the impossible. After this most challenging of years we will be celebrating those men and women who have proven themselves to be an [...]
D-Day for Priti Patel and Boris Johnson as High Court will rule today on Home Secretary bullying claims December 6, 2021 Scrutiny of Boris Johnson’s decision to back Priti Patel following accusations of bullying will reach its climax today as the High Court in London will rule on the matter later today. The FDA union brought a judicial review over the Prime Minister deciding last year to go against the findings of his then adviser on [...]