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Despite its amazing vaccine credentials, GlaxoSmithKline has not had a good war against Covid-19. It has been disappointing for chief executive Emma Walmsley that results from its collaboration with France’s Sanofi have fallen way behind, and it has dropped a partnership with China’s Clover. No one can accuse GSK of despairing. Along with its pre-tax … Read more
ALEX BRUMMER: Andrew Bailey was always onto a hiding for nothing when he took on the top job at the FCA By Alex Brummer for the Daily Mail Published: 22:53 GMT, 2 February 2021 | Updated: 22:53 GMT, 2 February 2021 This is a big moment for Andrew Bailey. The governor of the Bank of … Read more
The raw delight with which Reddit and other chat rooms are taking on hedge funds and the financial establishment is understandable. How enticing it is that for a small retail commitment of cash, there is the promise of great gains at the end of the rainbow. It is not just holders of exchange traded funds … Read more
ALEX BRUMMER: Upsetting the system is one thing, but effecting proper changes which make for a fairer distribution of the spoils is quite another By Alex Brummer for the Daily Mail Published: 21:52 GMT, 29 January 2021 | Updated: 21:52 GMT, 29 January 2021 Parents, locked down teenagers and at-home university students have finally discovered … Read more
Fans of the raunchy BBC series Industry cannot but be astonished about how dealing room culture turns freshly-minted graduates into trading fiends in a matter of days. Now, ‘Generation Y’ is taking its revenge on a Wall Street and City habit of fixing the money-making machine in its favour. The social media site Reddit, a … Read more
Changing the retail guard: Online fashion pioneers come of age with landmark takeovers, says ALEX BRUMMER By Alex Brummer for the Daily Mail Published: 21:50 GMT, 25 January 2021 | Updated: 21:50 GMT, 25 January 2021 Boohoo’s takeover of the Debenhams brands and platform, together with the exclusive talks by Asos to buy Sir Philip … Read more
ALEX BRUMMER: By opening sluice gates of big spending, a huge appetite for ‘more’ – as Dickens caricatured it in Oliver Twist – has been encouraged By Alex Brummer for the Daily Mail Published: 21:59 GMT, 22 January 2021 | Updated: 22:00 GMT, 22 January 2021 Every morning the nation awakes to a cacophony of … Read more
ALEX BRUMMER: UK stages a float fightback to stop our most promising start-ups from heading West By Alex Brummer for the Daily Mail Published: 22:54 GMT, 19 January 2021 | Updated: 22:54 GMT, 19 January 2021 Among the biggest dangers for the post-Brexit City is that too many brilliant British start-ups in biotechnology, financial innovation … Read more
Boohoo, to its credit, has been trying to clean up its supply chain and governance in response to the blistering report from Alison Levitt QC. So it is acutely disappointing that on the same day as its new high-powered monitor, Brian Leveson, was delivering his debut ethics report last week, Boohoo bosses were in Dubai … Read more
ALEX BRUMMER: Economy will remain under restrictions until Easter, but quicker it is brought back, faster tax revenues will flow back to Exchequer The damage to output turns out to be far less than most forecasters predicted Chancellor Rishi Sunak should avoid a Covid measures cliff-edge on March 31 The expensive furlough scheme, the VAT … Read more