UK needs £400bn additional infrastructure spend to meet Net Zero target
Private sector investment is critical for power systems, buildings and industry, transport, and digital infrastructure, PwC/GIIA survey finds.
Europe
Is treasury’s ‘strategic role’ a delusion?
Nordea’s 'Treasury 2025' survey shows treasurers expect a strategic role, but other areas of the business still see it as a specialist function.
Climate-related financial disclosures under the microscope
As a UK Treasury report looks at climate-related disclosures, Scottish Widows divests £440m from corporates posing ESG risk.
Prominent corporates score innovative bank support
Both Unilever and BASF have broken ground on services from banking partners that will support their treasury operations.
Ten Spanish companies partner on digital identity project
Blockchain-based Project Dalion has completed its concept test, and the second phase of the project begins this month.
EBA makes AML and ESG moves
The European Banking Authority has issued guidance on the enforcement of AML rules and launched a consultation on ESG risks.
SIA integrates request to pay services in Europe
The payment method allows beneficiaries to send a payment request in real-time to a payer through several digital channels.
Business growth remains top priority for insurance CFOs
Data taken from an EY survey of CFOs across UK insurers shows COVID-19 hasn't hindered growth plans.
CEEMEA capital markets capturing investor inflows in 2020
A report from BNP Paribas CIB shows a record level of issuance for the region in the first half of the year.
Nearly two-thirds of major UK firms passing the corporate governance test
EY research has found 61% of UK FTSE350 companies are fully compliant with the 2018 Corporate Governance Code.
European fintech facing 2021 fall out
Research from Finch Capital points to a resilient European tech growth engine, but limited exit options beyond IPO exist for unicorns.
UK business confidence rising, but remains negative overall
Business confidence rose for the third month in a row in the latest Lloyds Bank Business Barometer.
Nordics bouncing back
An economic outlook from Nordea has shown that the Nordic countries are seeing a good recovery from the COVID-19 downturn.
UK SMEs outperform Q2 expectations
Research from Barclaycard reveals an average revenue decline of 14%, compared to a predicted drop of 28%.
European short-term MMFs hold limited share of corporate commercial paper
A Fitch report shows that of European CP holdings of €88bn, only €12bn was issued by corporates.
Negative currency impacts on corporates jumped 31% in Q1
A Kyriba report has revealed the FX impact from the start of the COVID-19 crisis on North American and European corporate earnings.
UK businesses battered by COVID-19
Two new reports reveal that UK companies have felt a stronger impact from COVID-19 than companies globally.
IBM Cloud ramps up financial services presence
BNP Paribas, Bank of America, and MUFG Bank are among those to have furthered their relationship with the tech firm.
CFOs anticipate a slow recovery as COVID-19 weighs on risk appetite
Deloitte's latest CFO Survey finds two-thirds expect capex to decrease in the next three years due to the COVID-19 pandemic or Brexit.
FTSE 350 companies issue record levels of profit warnings
33% of the UK’s listed companies issued a profit warning in the first half of 2020, according to an EY report.
Plans for a just transition to net-zero carbon emissions welcomed
The banking and finance industry has responded positively to recommendations for an environmentally sustainable future in the UK.
Eurozone banks break ground on the European Payments Initiative
The implementation phase of the EPI aims to create a new unified payment scheme and solution, as the ECB welcomes the development.
Cash flow forecasting importance highlighted in survey
The survey assesses the priorities of treasurers during the lockdown.
Swedbank doubles down on green bonds
The bank has published its Green Bond Impact Report 2019, while subsidiary Robur invests in Swedish Export Credit green transaction.