Exclusive: Former Home Secretary Amber Rudd to join Finsbury from Teneo October 6, 2021 Amber Rudd, the former home secretary, is set to leave PR firm Teneo to join rival Finsbury Glover Hering. The ex-politician will join as a senior adviser at the company her brother Roland founded in 1994, City A.M. understands. Rudd spent 18 months at Teneo after a nine-year Parliamentary career as the Tory MP for [...]
Canary Wharf skyscraper faces uncertain future as China cracks down on builders October 6, 2021 Many development projects in London are in limbo as Beijing is cracking down on overleveraged firms and casting a pall of uncertainty on their ability to bankroll their ventures. Greenland, a major Chinese real estate developer which rushed to London in post-recession boom along with many others, is reportedly struggling to finish ‘Spire’, which when [...]
Amazon to open its first physical store outside the US in the UK this morning October 6, 2021 E-commerce giant Amazon is opening its first store in the UK this morning, selling items including books, technology and toys, as the online retail behemoth continues its expansion in physical retail. The US company will open the first Amazon 4-star store outside the US on Wednesday at 10am at the Bluewater shopping centre, near Dartford [...]
Fuel prices going up, green energy getting cheap: now it’s time for a flexible energy grid – CityAM : CityAM October 6, 2021 The ongoing gas crisis has highlighted that our current energy system is unsustainable. As fuel prices have tripled in a year, our dependence on it seems more and more risky. It has also become clear that the unhappy history of geopolitics and fossil fuels – brought home by Putin withholding gas supplies into Europe over [...]
Interest in multi-million pound London homes picks up – CityAM : CityAM October 6, 2021 Home buyer interest in London’s market for homes listed at £2m and above has jumped 5.8 per cent. Interest in properties £10m and above rose 1.8 per cent in the third quarter, the Prime London Demand Index by estate agent Benham and Reeves showed. In the £2m and above market, Wandsworth in the city’s south-west [...]
Boris Johnson to say in conference speech that ‘levelling up’ will ‘take pressure off’ London October 5, 2021 Boris Johnson will tomorrow say his agenda to “level up” poorer parts of the country will “take the pressure off parts of the overheating South East”. The Prime Minister will use his Conservative party conference speech to say “levelling up works for the whole country” in an attempt to quell fears that the government’s agenda [...]
Law firms offer wellbeing support to burnt out employees October 5, 2021 Law firms are expanding their wellbeing support for employees as overstretched companies compete for top talent. With the UK experiencing the best year for dealmaking activity since 2015 lawyers have been inundated with a flood of M&A litigation leading to long hours and poor sleep quality for staff. To try and stop fed-up lawyers from [...]
Is Ethereum a drug, and Cardano some kind of fancy Italian hard cheese? October 5, 2021 A new study has highlighted the lack of mainstream knowledge of cryptocurrency, with members of the public believing Ethereum is some sort of illicit drug, and Cardano is a cheese.
Staycations are over: Uber trips to airports soar by 328 per cent after restrictions lift – CityAM : CityAM October 5, 2021 British holidaymakers have increased exponentially their trips to the airport after more than a year of ‘staycations’. Data from Uber showed today that in the UK, trips to the airport increased 328 per cent since the government lifted the Covid-19 travel restrictions on 17 May. The statistics showed that trips booked using the reserve feature [...]
Bank of America commences digital asset research October 5, 2021 The Bank of America has launched digital asset research and said the potential of the crypto space was “difficult to overstate” in a new report. The new research team will be led by Alkesh Shah, head of Global Cryptocurrency and Digital Asset Strategy. It comes after the bank estimated that the sector represents a $2tn [...]