Laws won’t make modern slavery any more illegal, investors must put their foot down for businesses to change March 17, 2021 The first laws passed in the UK to abolish the slave trade date back to 1833. The global treaty banning slavery came into force in 1927. We are fast approaching 100 years of human history in which the trade in people has been as illegal as it could possibly be. And yet in the UK, [...]
Ithaca Energy hesitates over stake in controversial Rosebank oil field April 3, 2023 Ithaca Energy is hesitating over plans to develop Rosebank, unless a price floor is brought into the windfall tax, City A.M. understands.
Where next for the Rolls-Royce share price? August 9, 2022 Rolls-Royce shares (LON: RR) sunk by 10% to 83p on Friday after half-year results spooked investors over long-running problems with supply chain issues and inflation. The FTSE 100 engineer has struggled to gain traction after the pandemic crash in 2020 saw its shares collapse from 236p in February 2020 to just 39p by October 2020. And after recovering to 147p [...]
Regulator gives green light on Big Four plans for audit separation February 23, 2021 The Financial Reporting Council (FRC) has given the go ahead for the Big Four firms to press on with the next stage of separating their audit divisions from the rest of the business. The Big Four – Deloitte, EY, KPMG and PwC – were asked by the regulator to submit their plans for operational separation [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG May 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
Ukraine fears building: Markets hold their breath after Monday wiped off £43bn of London shares February 15, 2022 Billions were wiped off the stock exchange in London yesterday after global markets were thrown into turmoil in the second Monday collapse in less than a month. Nearly £58bn had been removed from the value of London’s top 350 companies just a couple of hours after markets opened on Monday. However, the companies clawed back [...]
Coronavirus breakthrough as Pfizer vaccine ‘more than 90 per cent effective’ November 9, 2020 Coronavirus breakthrough as Pfizer vaccine ‘more than 90 per cent effective’
Cladding repair bill hits £1.5bn as Redrow and Barratt latest builders to sign up to fire safety pledge April 6, 2022 The total cost for cladding works for the big nine listed housebuilders has hit £1.5bn, as London-listed firms sign up to a government fire safety pledge. According to analysis from AJ Bell, the country’s biggest builders are planning to set aside another £802m in total to tackle unsafe buildings in the wake of the Grenfell [...]
FTSE 350 defined benefit pension scheme deficit soars at close of 2018 amid falling stocks January 7, 2019 Defined benefit pension scheme deficit among FTSE 350 firms surged to £41bn by the end of 2018, up from £32bn the previous year, driven by falling asset prices. The figure, a 28 per cent increase, came at the end of a volatile year which saw pension schemes in surplus for five months from May to [...]
AIM and FTSE Small Cap firms ‘falling behind’ on board diversity February 3, 2020 London’s FTSE Small Cap (SMC) and AIM exchanges are lagging behind their larger peers when it comes to diversity on company boards, according to a new report. A mere 15 per cent of AIM directors are women, while over a third of companies listed on the market have all-male boards, according to a study by [...]