IFS: Top City brass pocket decade-beating payouts May 4, 2022 Top bosses in the City are pocketing bumper payouts not seen for a decade, reveals analysis published today by a leading economic think tank. Growth in average pay packets in the Square Mile has far outstripped the rest of the economy since just before the onset of the Covid-19 crisis, according to the Institute for [...]
Decade-high BP profit take boosts London’s FTSE 100 May 3, 2022 The best underlying profit take from one of the UK’s biggest oil giants in a decade sent London’s top index higher today. The capital’s FTSE 100 index climbed 0.22 per cent to close at 7,561.33 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped [...]
Patriotic bias: City hedge fund managers believe UK stocks are most successful, but are they? May 3, 2022 A staggering 96 per cent of UK hedge fund managers think that UK stocks are more successful compared to other markets – and as such is where much of their investments can be found. However, when looking into worldwide stocks, this patriotic inclination may be holding hedge fund portfolio managers back from investing in stocks that [...]
Head and shoulders above the rest May 3, 2022 | Sponsored Gail and Matt Waterman’s company is literally a growth business – it specialises in revolutionary products for hair loss problems. A kitchen table business that has blossomed into something quite remarkable, so remarkable in fact that in less than a decade it has gone from selling two items a day to 500,000 each month and [...]
Competition watchdog raises concerns over London Stock Exchange Group’s Quantile takeover May 3, 2022 The UK’s competition watchdog has raised concerns today that the London Stock Exchange Group’s takeover of transaction risk firm Quantile could damage competition in the sector.
Fast growth from slow fashion May 3, 2022 | Sponsored Winning a Queen’s Award for international trade isn’t the first time that Amaia Clothing Ltd has had a royal stamp of approval. The children’s clothing company inspired by owner Amaia Arrieta’s native Spain has long been a favourite of the Duke and Duchess of Cambridge, which has helped in powering the brand’s profile especially in recent [...]
Unimed Procurement Services making a difference in global medical procurement May 3, 2022 | Sponsored Shameet Thakkar is on a mission, a humanitarian mission, and since setting up his company nothing has stopped his drive nor blunted his zeal – not even a global health pandemic. He set up Unimed Procurement Services (Unimed) to “make a difference” in acting as a trustworthy and reliable procurement agent for international aid, charities [...]
Russia avoids first foreign debt default since Bolshevik revolution May 3, 2022 Russia has avoided its first default on foreign debt since the Bolshevik revolution after it paid creditors in dollars, it was revealed today. Holders of Russian eurobonds confirmed they had received payments after the Kremlin rolled back on its decision not to meet debt obligations last Friday. The payment comes before a 4 May grace [...]
Boardroom Diversity supported by eToro May 3, 2022 | City Talk eToro, the social investing network, has launched a new FemaleLeadership Smart Portfolio which features US publicly quoted companies with diversity at boardroom level, especially featuring women in positions of board members. eToro’s Deputy CEO and Global Chief Operating Officer (COO), Dr. Hedva Ber, says: “Female leadership and boardroom diversity have proven advantages, not just for [...]
Artemis Optical are Queen’s Award Top Guns May 3, 2022 | Sponsored Winning a Queen’s Award for international trade during your 70th year of trading is a birthday present never to be forgotten, but that’s precisely what has happened to Artemis Optical. Established in 1952, the Plymouth-based company is now a world-renowned provider of high precision, optical thin film coatings for some ground-breaking hi-tech applications. Yet the [...]