Exclusive: Saatchi clients demand more ‘European’ presence after Brexit, says CEO September 21, 2021 British advertising giant M&C Saatchi has seen a demand for a greater European presence than Brits in some briefs, the company’s global CEO, Moray MacLennan, told City A.M. this morning. MacLennan, who was appointed global CEO in 2009, said he discovered in a conversation with one Saatchi’s European agencies, that “when it was a pan-European [...]
Exclusive: US firmly on Saatchi’s radar in next two years, says CEO September 21, 2021 Advertising giant M&C Saatchi is firmly zooming in on the US market, the company’s global CEO, Moray MacLennan, told City A.M. this morning. While acknowledging South Asia as a region for growth, MacLennan revealed that “the real opportunity for growth, for us, is the US for one very simple reason.” “It’s not our largest operation, but [...]
Rocky start to the week continues in crypto markets September 21, 2021 The crypto market’s rocky start to the week continues this morning, with the total value falling to its lowest level in over a month at just below $1.9 trillion.
Exclusive: HMRC claw back record £4bn in lost taxes September 21, 2021 HMRC’s investigations and compliance work saved £4bn in taxes from being lost in the last quarter, nearly double the £2.2bn for the same period last year, according to new data shared with City A.M. today. The increase in the amount of taxes saved will be due in part to the winding down of the furlough [...]
Law that creates work-from-home right for UK employees to be confirmed on Thursday – CityAM : CityAM September 21, 2021 Employees will reportedly be able to put in a request to work from home from their first day in a job under new plans due to be announced later this week. Laws which will protect flexible working first put forward before the pandemic will be confirmed on Thursday, according to a report in The Times. [...]
National Express exploring takeover of rival Stagecoach – CityAM : CityAM September 21, 2021 National Express has confirmed reports that it is looking into a possible takeover of its fellow transport heavyweight Stagecoach. The British bus operator has started discussions around buying out its Scottish rival, the UK’s largest bus operator. Also Read: All new London buses to be zero-emission Mayor says Stagecoach shares rose by almost 90 per [...]
Britain needs to sober up from our addiction to gas September 21, 2021 This will be a winter where energy prices seldom stay out of the news. With the combination of cracks appearing in our creaking electricity system, record global gas prices, and the largest overnight benefits cut in history risk colliding in a way that piles yet more pressure on families already struggling. In the short term, [...]
Cardano promises ‘industry-defining announcements’ at its biggest ever summit September 20, 2021 Cardano says it will make some 'industry defining' announcements at its summit this weekend.
Crypto market stagnates despite growing institutional interest September 20, 2021 It was an uneventful week for Bitcoin and the larger crypto market, with the leading cryptocurrency fluctuating between the $43,000 and $48,000 mark.
Labour’s plans to crackdown on private equity are only the beginning of the political dog fight – CityAM : CityAM September 20, 2021 Political interest in private equity has ramped up over the last year. After a string of high-profile political interventions on recent PE deals, from defence to retail, the Labour Party has made it their mission to scrap the carried interest tax rules that PE fund managers benefit from. Returns would no longer be booked as [...]