Bank of England to launch brisk rate hike cycle to tame 40-year high inflation May 18, 2022 The Bank of England will have to launch a cycle of steeper and quicker rate hikes to tame the steepest rise in living costs in four decades, according to City economists. The case for front-loading rate rises is strengthening after new figures published this morning by the Office for National Statistics (ONS) revealed inflation climbed [...]
Japan announces plans to divert LNG supplies to Europe amid Russia-Ukraine tensions February 9, 2022 Japan will divert LNG cargoes to Europe in response to calls for supplies from the West amid continued tensions in Ukraine.
Oil prices to remain high despite ‘unprecedented’ volatility March 10, 2022 Oil prices have gone on a wild journey this week - with prices fluctuating amid escalating conflict in Ukraine.
Kwarteng commits to North Sea oil and gas as UK phases out Russian energy supplies March 9, 2022 Business Secretary Kwasi Kwarteng has said the government is committed to North Sea fossil fuel
Germany rules out energy sanctions on Russia amid spiralling gas prices March 3, 2022 Germany has ruled out the prospect of oil and gas sanctions, with economy minister Robert Habeck warning against the measures.
The entrepreneurial spirit inspired by the pandemic will future-proof our economy January 28, 2022 It is considered almost universally true that “business hates uncertainty”. A lack of predictability stifles investment, scares off backers and gives business owners sleepless nights – but it also gives oxygen to creativity. During the worst of this crisis, while established businesses scrambled to minimise disruption, entrepreneurs went looking for opportunity. A new world emerged, [...]
Investec shareholders protest reappointment of auditors KPMG and EY August 9, 2019 Shareholders at Investec have protested against the reappointment of the group’s auditors at its annual general meeting, which also saw protest votes about directors’ remuneration Just over a fifth (20.1 per cent) of votes cast by shareholders opposed the reappointment of KPMG as joint auditor of Johannesburg-listed Investec Ltd, while 16.6 per cent voted against [...]
Cloudy outlook to prompt MPC to hold fire on rates and QE September 23, 2021 A slowing economic recovery from the Covid-19 crisis, sharp energy price rises and tax hikes squeezing Brits’ household incomes are likely to prompt the Bank of England’s committee of rate setters to err on the side of caution today. The Bank’s monetary policy committee (MPC) will announce its latest decision on rates and the fate [...]
Oil remains well above $90 per barrel amid looming prospect of war in Ukraine February 21, 2022 Oil remains stable with prices hovering near the seven-year highs recorded last week amid continued concerns over supply.
City Moves: Who’s switching jobs in the Square Mile today? November 23, 2021 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. Validus Validus Risk Management (Validus) has appointed an asset management veteran to its London-based chief operational officer position, while it also appoints a new principal in New York. Jarv Ashford joins the financial risk advisory firm from [...]