Biden asks Democrats for support over $1.75tn spending framework – CityAM : CityAM October 28, 2021 US President Joe Biden has announced he had secured a $1.75tn spending framework to invest in the economy and climate change. Biden expressed his confidence in the plan, saying it could win the backing of all Democrats and pass the Senate, Reuters reported. “Today I’m pleased to announce after months of tough and thoughtful negotiations, [...]
Exclusive: ‘London needs to take a leaf out of Dorset’s book,’ argues veteran City lawyer October 28, 2021 As restrictions have eased, office doors reopened and professionals flock back into the City, life is once again teeming in London. However, as living priorities and sustainability targets have evolved post-pandemic, London must ensure that it remains attractive, liveable and sustainable in the long-run. A formula that has proven to create eco-friendly and community-focused residential [...]
Bob Bob Ricard City reopens – and the pie is still to die for – CityAM : CityAM October 28, 2021 The more things change, the more they remain the same. In June of 2019 I was at the opening of Bob Bob Cité, the sister restaurant to Soho’s Bob Bob Ricard, which I wrote, with no little hyperbole, was the best place to eat in the City of London. It was a wildly expensive venture, [...]
Brexit: UK says France will break international law if it bans British seafood October 28, 2021 The UK has said France’s decision to ban British seafood exports and clamp down on cross-Channel trade next week will break international law and the post-Brexit trade deal. Environment secretary George Eustice said this morning that if France carries out its threats that it “will be met with an appropriate and calibrated response” as the [...]
Share price special: LSE’s best-performing stocks in the last decade, with jumps of 1,000 per cent+ – CityAM : CityAM October 28, 2021 Ocado, Jet2 and JD Sports are among the big-name companies which have seen their share prices jump over 1,000 per cent in the past 10 years. In total, 41 stocks across the London Stock Exchange’s Main Market and AIM have seen their share prices climb by over 1,000 per cent between September 2011 and September [...]
Budget: UK tech and fintech startups face higher bills after tax credit restrictions – CityAM : CityAM October 28, 2021 The UK’s burgeoning tech startup and fintech sector will be hit by the new restrictions on the use of R&D tax credits announced in the Budget, industry insiders warn this morning. From April 2023, businesses will only be able to claim R&D tax credits on research and development work done in the UK. As UK [...]
COP26: Change your diet and fly less to help save the planet, Sir Patrick Vallance warns October 28, 2021 Behavioural changes such as eating less meat and flying less, as well as green technology to tackle the climate crisis, the UK’s chief scientific adviser has said. Sir Patrick Vallance made the comments as he joined senior scientific advisers from around the world to issue a statement ahead of the Cop26 climate talks, calling on [...]
Shell earnings slide as shareholders miss out following £3.4bn pay day – CityAM : CityAM October 28, 2021 Shell adjusted earnings slipped 25 per cent to $4.1bn in its third quarter unaudited results, while its shareholders missed out following their hefty pay day. Shareholders lost $477m in the period, after raking in $3.4bn in the previous quarter. The energy giant’s net debt shrank to $57.4bn in the quarter, while free cash flow increased [...]
Sunak might be teetotal – but he needs to sober up from his super-spending – CityAM : CityAM October 28, 2021 The definition of addiction is the serious, chronic dependence on a substance or activity. After watching the Chancellor spend almost an hour trumpeting eye-watering increases in public spending, we now have every reason to believe that this government is hooked on splashing taxpayers’ money. The next immediate hit – securing a headline about another couple [...]
Before we give London’s transport to the rest of the UK, we should fix it here first – CityAM : CityAM October 28, 2021 The only standout mention of the capital in yesterday’s budget was a promise to bring “London-style transport settlements” to regions across the country. On the face of it, this is an entirely sensible aspiration. Many other cities would love to have London’s mix of cheap, frequent buses with flat fares, a fast reliable and wide-ranging [...]