IAG shares surge as British Airways owner launches new buyback November 8, 2024 IAG shares jumped 7.5 per cent in early deals this morning after the British Airways owner unveiled its third-quarter results for the three months to 30 September today. The company reported an increase in total revenue for the period of 7.9 per cent and an increasing operating profit of 15.4 per cent to adjust over [...]
The ESG Imperative: Why finance leaders must move beyond tradition November 8, 2024 ESG is no longer optional; it’s a necessity for long-term viability. The ESG Future Growth Forum London offers a vital platform for leaders ready to look beyond the quarterly numbers and fully embed ESG into the organisation’s DNA, says Joel Blake The London finance sector is no stranger to disruption. We’ve navigated seismic shifts, from [...]
A heartfelt thank you to Lady Mayoress Elisabeth Mainelli November 8, 2024 As the City of London prepares for the Lord Mayor’s Show on Saturday, marking the transition to a new mayoral year, we would like to thank the outgoing Lord Mayor Michael Mainelli and his wife, Lady Mayoress Elisabeth Mainelli, for their significant contribution to making our City safer. The Prevent Violence against Women and Girls [...]
Thames Water backers table £3bn debt offer in scramble to shore up finances November 7, 2024 A group of Thames Water’s bondholders have tabled a £3bn debt offer to the beleaguered firm today as it scrambles to shore up its finances.
Jersey RFC: The club resetting how rugby can be done November 7, 2024 This Saturday, while England take on Australia in the Autumn Nations Series, Jersey RFC will be hosting London Welsh in a top-of-the-table clash in Regional 1 South Central, the fifth tier of English rugby. A decade or so ago this could have been a Premiership fixture, but rugby finances in south London and in the [...]
Salesforce cuts over 450 UK jobs as profit spikes November 7, 2024 The UK arm of cloud-based software giant Salesforce cut more than 450 jobs in the year its profit jumped by over 70 per cent. The London-headquartered division of the US group decreased its headcount from 3,427 to 2,964 in the 12 months to 31 January, 2024, newly-filed accounts with Companies House have revealed. The new [...]
Dell sales slump by £500m as it sheds hundreds of jobs November 7, 2024 Sales at the UK arm of technology giant Dell were cut by almost £500m during its latest financial year as it shed hundreds of jobs, it has been revealed. The London-headquartered division of the US group has reported a revenue of £3bn for the 12 months to 2 February, 2024, down from £3.5bn. Newly-filed accounts [...]
Ed Warner: Chair the football regulator? No thanks, not even for £130k November 7, 2024 The job ad for the chair is being circulated widely by opponents of the concept of a regulator in the hope that a moderate rather than a zealot will land the role.
Square Mile and Me: Together’s Ryan Etchells on going from intern to CCO November 7, 2024 Each week we dig into the memory bank of the City’s great and good. Today, it's Together CCO Ryan Etchells, with a northerner's perspective on the Square Mile.
Trump’s back and the world must learn to deal with him November 6, 2024 Having won a decisive victory, Donald Trump is very unlikely to change tack when it comes to complex geopolitical issues. World leaders should show some humility and instead of criticising his views, try to find their own opportunities within them, says Michael Martins One of my strongest memories from my nearly six years working at [...]