EU Sustainability Taxonomy: It’s not easy being green, or is it? January 31, 2022 | City Talk In the ongoing debate around environmental, social and governance (ESG) issues and rising demand for sustainable investments, one major topic of conversation has been taxonomy – defining what does and does not qualify as ‘sustainable’ or ‘green’ investing. Classification to help investor confidenceRegulators in Europe have been at the vanguard for many ESG-related matters and [...]
Guinness owner Diageo plots £73m London microbrewery January 31, 2022 Diageo has revealed plans to build a £73m Guinness microbrewery in a sign that London's hospitality industry is making a post-Covid comeback.
‘Brexit has failed to deliver a single benefit while communities bear the brunt’, angry Scottish minister tells UK govt January 31, 2022 Scotland has not seen any benefits from Brexit, a minister has said ahead of a meeting with the UK Government. Scotland’s Rural Affairs Secretary Mairi Gougeon hit out at the UK leaving the EU two years on from the finalisation of a deal to leave the bloc. Ahead of a meeting of the inter-ministerial group [...]
Brexit: UK share of EU export and import trade tumbles further as cross-Channel trade declines January 31, 2022 The UK’s share of EU27 goods exports fell from 6.2 percent in 2019 to 5.2 percent last year, while its share of EU27 goods imports fell from 3.9 percent to 2.6 percent over the same period, according to new figures published in Germany today. The decline comes after Britain’s share of exports dropped from 7.1 [...]
Six in ten FTSE 350 companies fail to fully comply with governance code January 31, 2022 Sixty per cent of FTSE 350 companies are not fully compliant with the UK’s Corporate Governance Code, according to new research from Thomson Reuters.
Steel sales slump at Evraz amid Russian export pressures January 31, 2022 Global steel and mining giant Evraz reported a slump in sales of its steel products last year after new rules on exports of its Russian products put a squeeze on production.
Upbeat investors are knocking on February’s door after end of month rebound January 31, 2022 After a wild and turbulent week, which saw European markets close lower for the third week in succession, and US markets hit seven-month lows, before closing the week higher, January has been a month which has proved to be hugely challenging to define a narrative for more than a day. While markets in Europe [...]
Levelling down London will hamstring the rest of the country, report warns January 31, 2022 The levelling up agenda will hamstring the UK economy if it moves business outside of London, reveals a fresh study published today. The government will fail in its ambition to narrow regional inequalities by pushing to stimulate economic activity across the UK “at London’s expense,” according to consultancy EY. Choking London’s contribution to the British [...]
Furlough scheme protects route back to work for young Brits January 31, 2022 The furlough scheme shielded young Brits from the worst economic impact of the pandemic, allowing them to return to work rapidly, reveals a fresh study released today. Despite fears over a wave of redundancies after the furlough scheme was wound down at the end of September, three in four young people who were unemployed during [...]
Typical British household pays over £1m in taxes in their lifetime… before national insurance hike January 31, 2022 The average household in the UK pays over £1m in taxes in their lifetime even before the national insurance hike comes into effect, reveals a fresh study released today. The new research underlines the heavy tax burden Brits are already shouldering even before the 1.25 percentage point national insurance hike takes effect in April. According [...]