EU set to introduce quota for women on company boards to boost equality June 7, 2022 The EU is gearing up to approve a groundbreaking quota for women on company boards as the continent strives for greater equality at its top companies.
Gloomy skies: London’s FTSE 100 set for a rocky start to 2023 January 1, 2023 FTSE 100 could benefit from China re-opening but global headwinds threaten The London market kicks off 2023 with a gloomy backdrop as the UK is forecasted to plunge into recession and economies globally wrestle with sky-high inflation amid the energy and cost crisis. After the extreme volatility of 2022, the FTSE 100 Index is expected [...]
One in five FTSE 350 firms warned about gender diversity February 29, 2020 A fifth of FTSE 350 firms have been warned about the lack of gender diversity in senior positions. The Hampton-Alexander review has written to 63 companies asking how they plan to improve gender balance. The government-backed review wants to see a third of board-level roles at the UK’s top businesses held by women by the [...]
Peel Hunt revenues slump to £22.8m as IPO slowdown hits July 7, 2022 Investment bank Peel Hunt said a slump in the IPO market was weighing on performance today as revenues hit £22.8m in the three months to the end of June.
Small British businesses leave larger rivals riding their coattails December 30, 2021 Small British businesses are leaving their larger listed rivals behind by growing rapidly over the last half a decade, reveals new research released today. Revenue at privately owned and medium-sized UK companies jumped around a quarter over the last five years, compared to just four per cent growth at all FTSE 350 firms, according to [...]
Mark Kleinman: The inquest into Wilko’s demise has only just begun September 14, 2023 Mark Kleinman is City editor at Sky News Inquest into Wilko’s demise has only just begun Few things elicit British consumers’ sentimentality like the imminent disappearance of a once-proud high street name. For Woolworths in 2009 and BHS in 2016, read Wilko in 2023. The sad fate of more than 10,000 employees at the family-owned [...]
Female executive director numbers drop amid so-called ‘sea-change’ on FTSE boards February 22, 2022 The number of female executive directors in FTSE 100 firms has dropped in the past year, according to a new report, despite government-backed quotas. Figures slipped to 25.9 per cent from women making up 26.5 per cent of FTSE 100 Executive Committee’s in 2020. While almost 40 per cent of FTSE 100 board positions are [...]
Big Four auditors up advisory fee incomes as challengers capture larger share of audit work August 5, 2022 The UK’s challenger auditing firms are increasingly capturing a larger share of Britain’s audit market, as the Big Four increasingly generate their revenues through non audit work, new data from the UK’s accounting watchdog shows. The research shows smaller auditors upped their audit fee incomes at almost twice the rate of the Big Four, as [...]
BA’s owner IAG commits to 40 per cent female management by 2025 March 1, 2022 British Airways’ (BA) owner IAG extendeded today its gender equality commitments, pledging to reach a 40 per cent female management target by 2025. While female representation on the group’s board stands currently at 42 per cent, since 2021 women have occupied a 33 per cent of all senior management positions in the company. The new [...]
Mark Kleinman: Wilko’s demise, the FTSE chair merry-go-round and Bink’s breakup with Barclays September 14, 2023 Mark Kleinman gets the Square Mile talking in his weekly column for City A.M.