‘Clearance to take off’: Tory majority to propel UK economy, report says December 4, 2019 A convincing Tory majority at the upcoming election will send the pound surging to a three-year high and put rocket boosters under the UK economy, according to asset manager Toscafund. In a new poll shared exclusively with City A.M., Toscafund predicted Boris Johnson’s Conservatives will win a majority of about 30 in the 12 December [...]
Chinese exports unexpectedly drop as trade war takes a toll December 8, 2019 China’s exports suffered a shock fall in November and contracted for the fourth month in a row, official data showed today, as the world’s second-largest economy struggled to cope with the US trade war. Yet imports fared better than expected, suggesting Beijing’s programme of domestic stimulus could yet boost the slowing economy. Read more: US [...]
It shouldn’t take a global pandemic for firms to see the benefits of flexible working February 26, 2020 News that the coronavirus outbreak has sparked the world’s biggest work-from-home experiment in China, alongside advice to Brits returning from Italy to “self-isolate”, will have been met with mixed reactions. Some will be delighted to avoid the risks to their own health and maximise their productive hours from the relative comfort of their own homes. [...]
FTSE 100 hits record high as fears of Donald Trump’s trade war with China wane May 21, 2018 The FTSE 100 has hit record highs this morning, blowing past 7,800 to trade at 7,849, levels not seen since before the financial crisis. The market’s rally comes after news over the weekend that the US and China had reached an agreement in order to avoid an all-out trade war. The trade agreement has also [...]
Spreadbetter CMC Markets forecasts jump in annual earnings October 3, 2019 Spread betting platform CMC Markets forecast a jump in annual earnings in a trading update issued this morning, reporting strong net trading revenue in the first half as it began to recover from the implementation of stricter regulations that hit its business last year. CMC said it expects net trading revenue from its contracts for [...]
M&S finance boss heads for the exit September 22, 2019 Marks & Spencer has confirmed it is parting ways with its finance chief less than two years after he took on the role. The retail giant’s group chief financial officer Humphrey Singer is leaving the business in the latest high-profile departure to rock the company. Read more: UK retail sales unexpectedly fall in August Coming [...]
Audit watchdog calls on firms to improve reporting on climate change issues October 22, 2019 Businesses are falling short of investors’ expectations for clearer reporting on climate-related issues, according to a report published today by the audit watchdog. A report from the Financial Reporting Council (FRC) said that “while reporting on climate change is an evolving practice, expectations are changing rapidly”. Read more: Eco-friendly product sales surge on climate change [...]
DEBATE: As the Big Four firms continue to dominate audit, have government efforts so far to reform the market failed? October 30, 2019 As the Big Four firms continue to dominate audit, have government efforts so far to reform the market failed? David Herbinet, global head of audit at Mazars, says YES. The Financial Reporting Council’s latest figures show that, despite all efforts, the audit market is actually narrowing. A diverse market is vital for audit quality and [...]
Cardano and Solana take the reins as crypto charges on March 24, 2022 The Bitcoin price is up slightly this morning, hovering at just above $43k – up two per cent over the past 24 hours and five per cent since this time last week.
City of London grandees celebrate Conservative majority December 15, 2019 City heavyweights have lined up to express bullish excitement about the Square Mile’s prospects after the Conservatives’ landslide election win. Boris Johnson’s self-proclaimed “stonking” majority means the UKwill leave the EU by 31 January, which pundits say will provide desperately needed clarity for the financial sector. Read more: UK stocks surge after Conservative win ends [...]