Editorial: Truss lets the cat out of the bag on ruinous NI hike February 16, 2022 Lest there had been any suspicion about the feline characteristics of the four-legged creature in the sack, Foreign Secretary Liz Truss confirmed what we had all suspected last night. The cat, as they say, is out of the bag. In a radio interview with LBC yesterday Truss – when asked about the coming National Insurance [...]
Editorial: Can buy now pay later firms be blamed for consumers’ poor decisions? February 15, 2022 It is tempting to think of buy now, pay later as financial innovation. In truth it is not; it’s merely a new adaptation of an unsecured credit agreement. For all the adverts and branding, buy now pay later operators offer you the chance to pay in three instalments, rather than one. Firms make money from [...]
Exclusive: What the departure of Lloyd’s of London would mean for the City February 14, 2022 Lloyd’s of London may be leaving its gigantic headquarters in the City. A pandemic-induced hit to office footfall has left it mulling a move to another location. The company told City A.M. recently it is weighing up leaving iconic headquarters’ as it seeks out ways to adapt to shifts in working habits brought about by [...]
Marble Arch mound architects slam “nonsensical” premature opening and “barbers” in UK media for negative publicity February 10, 2022 The Dutch architects behind the universally panned Marble Arch mound have hit out at Westminster City Council, the UK media, the builders of the mound, English Heritage and Historic England for the project failing to live up to its promise. In a post on their website, architects MVRDV say “anyone who visited the Marble Arch [...]
Sir AP McCoy joins The Lord Mayor for fundraising event February 9, 2022 | Sponsored The Lord Mayor’s Appeal is galloping into the first of its fundraising events for 2022 with The Lord Mayor, Lady Mayoress, Sir AP McCoy OBE and Lady McCoy joining forces to host an exciting Race Night and Cheltenham Festival preview. The event is taking place on Tuesday 1st March in the spectacular setting of The [...]
The City View with Susannah Streeter and Michael Hewson February 8, 2022 Andy is joined by CMC Markets’ Michael Hewson and Hargreaves Lansdown’s Susannah Streeter to discuss the latest economic developments
The Elizabeth Line in pictures: Our first look at Crossrail February 8, 2022 It’s almost here. Almost fifteen years after being granted approval by government, the Elizabeth Line is set to open in just months. City A.M. Editor Andy Silvester went underground to see the line’s progress – trusty iPhone camera in tow. I THINK people are going to be impressed” are TfL Commissioner Andy Byford’s last words [...]
Editorial: The activists are a welcome sign of faith in the City’s future January 31, 2022 The City is not always portrayed well in the wider media, but a certain kind of Square Mile institution was rather effectively deployed at the beginning of Monty Python’s The Meaning of Life. The Crimson Permanent Assurance, a “once proud family firm fallen on hard times,” fights back against its new ownership by the Very [...]
Poke House looks for stock market boost as it eyes London listing January 31, 2022 Holly Williams, PA Restaurant chain Poke House has revealed plans for a stock market flotation in London and New York after sealing the latest deal to expand its global footprint. The Californian-inspired poke bowl chain, which last year bought Ahi Poke in London to launch its assault on the UK market, is eyeing an initial [...]
Don’t forget the black pound, retailers warned January 31, 2022 High street brands could be missing out on £4.5 billion spent by multi-ethnic shoppers due to lack of diversity in brands, according to new research. The Black Pound report, a survey of 3,500 people, found that black, Asian and multi-ethnic consumers are often forced to spend their money in specialist shops due to limited product [...]