Financial services industry is one of the UK’s biggest contributors to climate change May 25, 2021 Financial institutions are under fire for not doing enough to tackle climate change in the UK, despite the recent focus on green financing. UK banks and asset managers were responsible for financing 805m tonnes of carbon in 2019, equivalent to 1.8 times the annual net emissions of the UK as a whole. The research by [...]
UK ramps up preparations for India trade deal negotiations May 24, 2021 International trade secretary Liz Truss is set to begin a 14-week consultation with businesses on what to prioritise in soon to begin UK-India trade deal negotiations. Truss has said this mean the UK was “firing the starting gun on a free trade deal with India” before negotiations officially begin later this year. The UK’s trading [...]
Culture Corner: The City’s back – here’s what’s on in June May 24, 2021 It’s happening! Culture has exploded and doors are finally open! Six million pounds has been allocated by the Mayor’s office to support ‘Let’s Do London’ and industry is contributing a further £1m. The campaign will include a major advertising push supported by London & Partners and TfL, alongside new content on the Visit London website [...]
Brexit exclusive: UK-Norway trade deal close to collapsing as Christian-Democrats block pact to protect farmers from British beef and cheese May 24, 2021 A comprehensive free trade deal between the UK and Norway is at risk of collapsing as the Christian Democrat party fears such a pact would hit farmers in Scandinavia’s richest country too hard. The Christian Democrats party (Krf), part of the current coalition government, plans to block opening up the Norwegian market to British beef [...]
Exclusive: SPACs on LSE will power ‘IPO bonanza’ in London, says Silicon Valley Bank dealmaker May 22, 2021 To make the UK a more attractive place for investors, the government plans to allow Special Purpose Acquisition Companies (SPACs) to list in London and ease a range of share listing restrictions at the LSE, Jonathan Hill’s report. Hill’s report into future financial services regulation calls for a range of deregulatory measures that aim to “ensure [...]
Exclusive: City commuters lives in Walton-on-Thames at risk as fourth Grenfell anniversary nears May 21, 2021 City commuters lives may be at risk nearly four years on from the Grenfell disaster after an official dossier uncovered a major housing association failing to carry out key remedial works. Official documents seen by City A.M. reveal that PA Housing Association in Walton-on-Thames, Surrey, a commuter hotbed for brokers, bankers and consultants, has so [...]
The next step of England’s gradual return to normal May 21, 2021 | Sponsored England has now entered ‘Step 3’ of the roadmap out of lockdown. From this past Monday, people in England have been able to eat inside restaurants, meet friends and family in groups of 6 or two households indoors, and some lucky folks have even been able to enjoy live music and live sport in person. [...]
Trump calls criminal probe ‘corrupt’ and claims he is ‘unfairly attacked and abused’ May 19, 2021 Former US President Donald Trump said he was “being unfairly attacked and abused” in response to reports that New York’s attorney general has launched a criminal probe into his family business. “There is nothing more corrupt than an investigation that is in desperate search of a crime,” Trump said in a statement. He added that “we will overcome” any [...]
Airbus to shut a Spanish production plant May 19, 2021 Airbus SE have announced plans to merge the activities of its two plants in Spain since the end of the production of A380 superjumbos has left the factories without enough work to sustain them both. The French company has already held discussions with the Spanish government and unions and aims to avoid forced layoffs, according [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG May 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]