UK high street faces shareholder backlash over low pay July 2, 2024 UK high street shops like Sainsbury’s, Marks & Spencer and JD Sports are facing a shareholder backlash after failing to commit to pay all their staff and third-party contractors a real living wage. Big financial names backing a campaign against low pay include LGIM, HSBC Asset Management, Aviva, and Scottish Widows. In total, the institutions [...]
Good news doesn’t last as UK funds return to the red June 24, 2024 Investors withdrew £1.3bn from UK funds throughout May, ending the month of strong performance that the sector saw in April.
FTSE 100 close: Prudential results give London markets a boost after US jobs data August 30, 2023 London markets finished higher on Wednesday with the capital’s premier FTSE 100 index given a lift by strong results from Prudential. The FTSE 100 index climbed 0.1 per cent to close at 7,473.67 while the mid cap FTSE 250 index rose 0.5 per cent to end at 18,564.52. Prudential was among the FTSE 100’s top [...]
Referee Brace: We have responsibility but players like Sexton can’t abuse us December 6, 2023 Irish referee Andrew Brace wants tougher punishments for those who set a bad example.
FTSE 100 close: London markets rally after ‘blockbuster’ Nvidia results as investors bet rates are nearing peak August 24, 2023 London markets stood out among global peers as investors bet that the Bank of England was nearing the end of their rate hiking cycle. The bluechip FTSE 100 index climbed 0.24 per cent to trade at 7,338.16 The midcap FTSE 250 index slipped 0.11 per cent to 18,206.37. Indexes in Paris and Frankfurt fell, having [...]
Socially conscious insurer Lemonade makes first entry into UK market October 3, 2022 New York insuretech company Lemonade Inc today launched in the UK market with a view to disrupting Britain’s centuries-old insurance sector with its socially-conscious, AI-driven business model. The digital insurer aims to break the “cycle of distrust that plagues the insurance industry” with its pledge to cap its margins at 25 per cent by donating [...]
La Rochelle need heroics to emulate Toulon three-peat in Champions Cup April 5, 2024 When La Rochelle reached last year’s Champions Cup final at the Aviva Stadium they became the third team – alongside fellow French Top 14 sides Toulouse and Toulon – to feature in three consecutive finals. Toulouse and La Rochelle managed to win two of their three appearances while Toulon’s Galacticos – featuring the likes of [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 10, 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. CPW CPW has hired a new apprentice to its London office, as the consultancy firm looks to upskill the next generation of engineers. Joining the firm’s apprenticeship programme, which was set up over 20 years ago, Joshua [...]
CBI: New boss Rain Newton Smith doesn’t take crisis-hit group’s future ‘for granted’ May 12, 2023 The new head of the crisis-hit CBI, Rain Newton Smith, has said she does not take the future of the group “for granted” and warned the task of winning back trust from businesses is “as big as it is urgent”. Newton Smith, who was parachuted in to head Britain’s biggest business group last month, made [...]
Direct Line shares rocket higher after rejecting £3.1bn offer from Belgian peer Ageas February 28, 2024 This morning, Bloomberg reported Ageas had been working with advisers to put together an offer for Direct Line, but had seen its most recent offer rebuffed.