The next 75 years: will generalists or specialists prevail? July 5, 2022 To generalise or specialise? From the vantage point of 1947, when four financial analyst societies joined forces to create the federation now known as CFA Institute, that question may have had a different answer than it does for investment professionals today. Concentrated in New York and London, finance was hardly the world-spanning sector of 2022. [...]
Martyn’s law: Counter-terrorism legislation for venues to be published early next year December 19, 2022 Venues will be required to draw up preventive action plans against terror attacks under new legislation nicknamed Martyn’s law in memory of one of the victims of the Manchester Arena bombing. The family of Martyn Hett have campaigned for stronger protections against attacks in public places, after the 29 year old was killed in an [...]
Next sales ahead of expectations as analysts warn ‘worst still to come’ November 2, 2022 Fashion stalwart Next posted better than expected full price sales while analysts have warned the full impact of market volatility is yet to be seen. The retailer shared a 0.4 per cent boost to sales in its third quarter versus last year. The London listed chain reiterated full year guidance for profit before tax of [...]
FTSE 100 close: London index slips ahead of Bank of England interest rate decision as Next jumps June 19, 2023 London’s FTSE 100 slipped today ahead of a huge week for the UK economy, pushed lower by a resurgent pound knocking sentiment toward Britain’s biggest companies. The capital’s premier index fell 0.71 per cent to 7,588.49 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Deloitte rejigs half of UK top team to nurture ‘next generation’ November 3, 2022 Deloitte has axed half its UK top team in an unexpected leadership overhaul today as it looks to nurture younger executives to take over from chief executive Richard Houston in 2027.
Hunt for next Natwest chair begins as Howard Davies says he will step down by July 2024 April 25, 2023 The hunt for Natwest’s next chair is underway after Howard Davies told shareholders today he will be stepping down. Speaking at the bank’s AGM in Edinburgh, Davies said he expects a replacement to be found and handover completed by July next year. Noting that nine years was the maximum recommended tenure under the UK corporate [...]
FTSE 100 live: London markets close lower on strong pound ahead of Fed and ECB next week June 9, 2023 Markets in London closed lower on Friday as a stronger pound and uncertainty over the global economy weighed on investor sentiment. The FTSE 100 closed 0.5 per cent lower while the FTSE 250 finished the week 0.1 per cent lower. Caution was the watchword in London today ahead of next week, which will be big [...]
Sir Frederick Barclay facing next round of High Court divorce fight with ex wife March 6, 2023 Retired businessman Sir Frederick Barclay is to face the next round of a High Court fight over money with his ex-wife. A judge ordered Sir Frederick, 88, to hand Lady Hiroko Barclay, 80, lump sums totalling £100 million in May 2021 following the breakdown of their 34-year marriage. Sir Jonathan Cohen said at the time [...]
Bank of England to shun interest rate hike for first time since November 2021 next month April 18, 2023 The Bank of England will keep interest rates unchanged at its next meeting on 11 May, marking the first time the central bank has not hiked borrowing costs since November 2021, a new survey out yesterday predicted. According to a survey by Bloomberg, more than half of City economists suspect Governor Andrew Bailey and the [...]
Dan Azeez interview: Britain’s next boxing superstar on swapping financial services for the fight game March 7, 2023 Dan Azeez was planning for a career in the City when an encounter with Anthony Joshua in 2011 changed his life. The south Londoner’s parents, first generation Nigerian immigrants, impressed upon him the importance of education and a profession, so Azeez took a degree in accounting and finance at Essex University and set his sights [...]