Exclusive: City’s venture capital guru on Brexit, ESG fundraising and impact investing August 31, 2021 With Brexit just behind us, and the pandemic gradually being brought under control, it seemed like a good time to measure the temperature of London’s venture capital investment space. City A.M. sat down with David Hall, for his first major interview as chairman of the Venture Capital Trust Association, since succeeding Stuart Veale in January [...]
Ryanair to create 500 new London jobs in winter expansion August 31, 2021 Ryanair will create more than 500 new jobs across its London airports this winter as the budget airline looks to take advantage of the recovery from the Covid-19 pandemic. The carrier will launch a combined 14 new routes over the season from Stansted, Luton, and Gatwick to a number of European destinations. Chief executive Michael [...]
Pension vehicle strikes £67m affordable housing deal with Bromley council August 31, 2021 The Pension Insurance Corporation (PIC) has invested £67m in an affordable housing deal with the London Borough of Bromley. The investment vehicle is aiming to help alleviate local emergency homelessness in the South London borough. The investment will be used to purchase up to 300 affordable properties outright. Through this it aims to reduce the [...]
Benchmarking has become circular August 31, 2021 | City Talk Time and again throughout my career I have ranted about the nonsense of benchmarking in all its forms. By now I have given up on the hope that business and investing will ever leave the practice behind, so I don’t expect this post to change anything except to make me feel better. I spoke recently [...]
Ofgem launches £450m energy innovation fund August 31, 2021 Energy regulator Ofgem today said that it would offer firms hundreds of millions of pounds of funding over the next half-decade to develop innovative new solutions for the electricity grid. In all the watchdog will make £450m available to network companies, system operators, and businesses to help accelerate the UK’s push towards net-zero. It added [...]
Dame Helena Morrissey on how the business rulebook is being rewritten August 31, 2021 | City Talk Baroness Helena Morrissey tells Laurence Eastham how economic uncertainty, flexible working and the growth of soft skills are combining to rewrite the business rulebook. This article first appeared in ICAS’ CA magazine. Baroness Morrissey has an enviable track record when it comes to predicting the future. As CEO of Newton Investment Management, her keen eye [...]
500 new jobs: Heineken to inject £38m into its UK pub business Star August 31, 2021 Beer giant Heineken is planning to invest £38m into its UK pub and bar business, in a move set to create 500 jobs. The Dutch beer giant said the cash injection will benefit around 700 pubs in its Star Pubs & Bars operation by the end of 2021. It comes as the group seeks to [...]
Range of investors circle Teesside superport as offers could hit £2bn August 30, 2021 The battle to win a £2bn takeover of Britains fifth largest port, Teesside’s PD Ports, has gained the attention of numerous investors. The site which was recently awarded a low-tax freeport status has become a target for the Duke of Northumberland’s Northumberland Estates, Legal & General, Credit Suisse joined with the Pension Insurance Corporation. Teesport [...]
Dividend payments threatened by new pension rules August 30, 2021 New rules could force blue-chip companies to allocate spare funds to pension schemes instead of increasing dividend payments after the pandemic. Actuarial firm LCP warned that companies should not underestimate the significance of the new Pension Schemes Act 2021, speaking to The Times. The fresh legislation was drawn up to avoid situations like the Carillion [...]
Post-Brexit: UK named best European country to start a business August 29, 2021 The UK has been named as the best country in Europe to start a business, according to new research shared with City A.M. this morning. Thanks to the UK’s large economy, low unemployment rate, and ease to start and run a business here, the UK ranks number one. The UK also topped the list of [...]
