Scrapping no-fault eviction is a start, but Generation Rent deserves more April 16, 2019 Britain’s renters may well be celebrating the government’s plan to scrap Section 21, a landlord’s legal right to evict a tenant on a so-called “no fault” basis. The announcement on Monday is a step towards making tenants more secure in their homes, following recent research from Royal London, which found that nearly half of children in [...]
Corbyn is as much a threat to the City as a no-deal Brexit April 16, 2019 The Prime Minister is currently on a walking holiday in Wales, while parliament is on Easter recess. This would be a moment for calm, except that Theresa May’s infamous walking holiday in April 2017 ending in her calling an unexpected General Election. Avid Westminster watchers are nervously wondering whether another snap poll is imminent. While [...]
British data bosses fear mass retraining of key tech staff April 16, 2019 Eight in 10 chief information officers at major British companies have voiced concerns about the need to re-train staff as technology progresses. Seventy-eight per cent of data executives surveyed by Barclaycard worried about the need to continually provide tech staff with new skills, a report said today. Almost 70 per cent of bosses said they view [...]
City Moves for 16 April 2019 – Who’s switching jobs at the FSCS, DeVere Group and Braemar Shipping Services? April 16, 2019 Today's City Moves includes the Financial Services Compensation Scheme, DeVere Group and Braemar Shipping Services. The Financial Services Compensation Scheme The Financial Services Compensation Scheme (FSCS) has announced that former RBS and ABN Amro executive, Caroline Rainbird, will become its next chief executive. Caroline brings a wealth of global experience from a career spanning 30 [...]
Fire at historic Notre-Dame cathedral April 15, 2019 France's Notre-Dame is engulfed in flames and smoke this evening as firefighters battle to control a devastating inferno at the historic cathedral. Parisians and tourists watched on in horror as the fire raged at the Gothic cathedral, with smoke billowing out from the top of the medieval building. Emergency services desperately tried to salvage priceless [...]
Shamima Begum: accused or outlaw? April 15, 2019 The Legal Aid Agency has announced that Shamima Begum, the so-called “IS Bride”, will receive financial assistance to contest the removal of her UK citizenship which home secretary Sajid Javid decreed earlier this year. The decision to grant Ms Begum legal aid has been controversial, with the foreign secretary Jeremy Hunt saying that it makes [...]
Alibaba co-founder defends controversial 12-hour working days and calls overtime a ‘huge blessing’ April 15, 2019 Alibaba co-founder Jack Ma sparked controversy this afternoon after defending the 12-hour working day. Read more: Ecommerce billionaire named China's richest man The billionaire tycoon, who has a personal wealth estimated at roughly $40bn (£30bn), has doubled down on his view in favour of the “996 system”, which refers to a working schedule of 9am [...]
Bonus round: Take our salary survey to find out how your pay compares to your peers April 15, 2019 How much was your bonus? We want to know. At City A.M., we’re working with salary benchmarking site Emolument.com to track the state of pay across the Square Mile. We’ll compare asset managers to dealmakers and analysts to associates in a bid to paint a picture of the different levels of remuneration among sectors and [...]
UK tops global ranking for top investment destinations for first time April 15, 2019 The UK has been ranked as the top investment destination in the world, knocking the US off the top spot. It is the first time the UK has taken the top spot in the rankings by professional services firm EY in the survey’s 10-year history. In 2018 the UK accounted for 10 per cent of [...]
London house prices: How Brexit hit house prices in every London borough April 15, 2019 Asking prices in Greater London have edged down by 2.2 per cent in the last year, with values falling to £614,250 on average. Read more: DEBATE: Should we be concerned about falling house prices? But new research released by Rightmove today underlines just how varying prices within London’s housing market are, with high end areas such as [...]