The Square Mile and Me: Bill Blain on Bear Stearns, the Old Dr Butler’s Head and sailing on the Solent January 11, 2023 Each week we ask a City figure to tell us about what makes the Square Mile special. This week, it’s Shard Capital’s Bill Blain. What’s your first memory of the Square Mile? As a young Scotsman fresh to London, I thought the City was all bowler hats before a university chum invited me for lunch [...]
Home REIT faces legal threat from biggest tenant over £5.5m rent relief deal January 11, 2023 Troubled social housing investor Home REIT is facing a legal challenge from its biggest tenant after trying to renege on a £5.5m rent relief deal it struck due to the dilapidated state of its properties, City A.M. can reveal.
Here comes the sun: Octopus boosts home offering with solar panels January 11, 2023 Octopus Energy is wading into the solar installation market, bolstering its catalogue of green energy solutions for the home.
Brit chip firm takeover by China risks “national security” warns influential Tory MP January 11, 2023 Grant Shapps has been urged to review the the takeover of fledgling semiconductor firm Flusso following its Chinese takeover.
China’s role in UK nuclear sector poses challenges for net zero push, say think tanks January 11, 2023 China's lingering position in the UK's nuclear energy sector poses headaches for the Government, think tanks warn.
Watchdog woes: One in 10 positions at FCA yet to be filled despite summer hiring splurge January 11, 2023 The City watchdog managed to fill more than 100 vacancies during the summer and autumn, but one in 10 positions still remain empty, new figures show. Data released by the Financial Conduct Authority (FCA) in response to a Freedom of Information request, shows that there were 449 vacancies at the end of November. At the [...]
Royal Mail’s export service hit with major cyber incident and is experiencing ‘severe disruption’ January 11, 2023 Royal Mail is experiencing “severe service disruption” to its international export services following a cyber incident, the company has announced. A statement said it was temporarily unable to despatch export items including letters and parcels to overseas destinations. Royal Mail said: “We have asked customers temporarily to stop submitting any export items into the network while we work hard [...]
FCA to expand guidance for insurers on protecting cash-strapped customers January 11, 2023 The City watchdog has vowed to update guidance for insurers on protecting customers amid the UK’s cost-of-living crisis. The UK’s Financial Conduct Authority (FCA) today set out plans to expand guidance, which was first introduced during the pandemic, to ensure all struggling customers are protected. Under the FCA’s proposed new guidance, insurers will be [...]
Boohoo: Tears as online retailer prepares major jobs cull at London Soho office January 11, 2023 Online fast-fashion retailer Boohoo is preparing to slash over 100 jobs in its London Soho office as it continues to integrate a recent spate of big brand acquisitions. The majority of roles at risk of being cut are believed to be among Boohoo’s e-commerce, buying and design teams,; although the exact number of redundancies is [...]
Cost-of-living crisis will fuel tsunami of cyber attacks in 2023, warns industry insider January 11, 2023 The cost-of-living crisis is fuelling a surge in cyber attacks on UK businesses, a leading fraud expert has warned. Leigham Martin, group head of infrastructure and security at Connectus Business Solutions, shared with City A.M. that cutting costs on security will spell disaster for businesses. “There is increasing evidence that some businesses are looking to [...]