Hiscox trumps profit forecasts but warns of profit hit from natural disasters July 12, 2019 A spate of natural disasters battered insurance giant Hiscox over the last year, with the insurer’s share price sliding five per cent this morning as it warned of a deteriorating market. The London-listed group’s share price fell five per cent to 1,653p in early morning trading, as investors digested the group’s warning that global catastrophes [...]
FTSE 100 and Wall Street bounce back after week of turmoil February 12, 2018 The FTSE 100 and companies on Wall Street rose today after a week of big losses following global stock market turmoil. London’s blue-chip companies gained more than 1.2 per cent by the mid-afternoon, with highs just short of the 7,200 points mark. The S&P 500, the US benchmark, rose by 1.2 per cent at the [...]
SFO drops probe into how it handled ENRC investigation June 16, 2019 The Serious Fraud Office is dropping an inquiry into its handling of an investigation into former London-listed miner ENRC. Sir David Calvert-Smith has been asked to abandon his work after being appointed to head the independent inquiry last year, the Sunday Times reported. The SFO dropped the inquiry after ENRC decided to sue it for [...]
Does your diversity strategy deliver? September 12, 2019 The need for greater diversity in leadership is well-established. Companies have teams promoting inclusion; training programmes try to ‘fix’ the minorities; and a myriad of inspiring speeches have been made. But has there been any meaningful impact? Sadly, as the Hampton-Alexander Review shows, progress has been patchy. Whilst there has been a steady increase in [...]
European stocks rise after Donald Trump delays China tariffs September 12, 2019 European stock markets have risen soon after the opening bell following US President Donald Trump’s decision to delay tariff increases on Chinese goods by two weeks. Read more: China exempts some US goods from further tariffs ahead of talks Trump tweeted: “At the request of the Vice Premier of China, Liu He, and due to [...]
Nickel soars as Indonesia bans ore exports September 2, 2019 Indonesia today said it would bring forward a planned nickel ore export ban to the beginning of next year, sending prices up to an almost five-year high. The country, which is the world’s biggest producer, said that exports of all grades of nickel ore will be stopped from 1 January 2020, even if companies have [...]
Ashtead profits jump as it cashes in on demand for leasing industrial equipment September 10, 2019 Equipment rental firm Ashtead enjoyed a profit boost of nearly a tenth over the summer, as its US business Sunbelt cashed in on higher demand for leasing industrial gear. The FTSE 100 company has reaped the benefits of construction firms choosing to rent equipment instead of buying in recent years. Read more: Ashtead investors tread [...]
Astrazeneca and Pfizer vaccines under accelerated review by drugs regulator October 30, 2020 The UK’s drugs regulator has reportedly begun an accelerated review of coronavirus vaccine candidates developed by Astrazeneca and Pfizer. Bloomberg reported that the Medicines and Healthcare products Regulatory Agency (MHRA) have already commenced ongoing reviews of both vaccines. A source familiar with the trial confirmed to Bloomberg that Pfizer’s treatment was under review, although this [...]
Bitcoin quietly going about its business as the world returns to normal chaos January 14, 2022 Bitcoin continues to quietly make headway in adoption around the world amid a whirlwind of curious global news, writes Jason Deane.
Take me to your leader: How to stop the spread of bad bosses January 27, 2020 Last week, the business and political elite gathered in Davos for the World Economic Forum. Certainly, these men and women have achieved positions of prominent power, but you might wonder — how many of them are actually trained and competent leaders? There is a concept in management called the Peter Principle, which argues that in [...]