City hiring spree: Financial services sector’s recruitment plans to break records this autumn September 16, 2021 Employers in London have ambitious plans to increase their headcount as they enter the fourth quarter, according to new research shared with City A.M. this morning. Even though London’ outlook was the lowest of all regions in the fourth quarter of last year, at minus 13 per cent, businesses in the capital now have one [...]
Brexit: Lorry driver shortages triggered by lack of EU workers September 16, 2021 Shortages of lorry drivers that are driving the UK economy to a grinding halt are primarily the result of a lack of EU workers due to Covid and Brexit, according to official statistics released today. One in four businesses are struggling to fill roles as a result of a sharp reduction in the supply of [...]
18.6m UK adults trust financial advice shared on social media, study finds September 16, 2021 Amid concerns about Kim Kardashian and so called FinTok influencers new research has found that 18.6m UK adults trust financial advice shared on social media platforms. A survey conducted by Skipton Building Society revealed that just two in five respondents would not trust social media stars when it comes to financial management. Young people were [...]
Get rich quick: 78 per cent increase in young money mules September 15, 2021 Money mule activity – people paid by criminals to launder cash – involving people young than 30s is rising rapidly. During the first half of this year, there has been a 78 per cent increase in accounts belonging to people aged under 21 bearing the hallmarks of money mule activity and a 76 per cent [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 15, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Falcon posts City veteran Joe Nally to board Falcon Oil & Gas has posted Cenkos co-founder Joe Nally as a new non-executive chairman to the board of the company with immediate effect. Nally, a City veteran, [...]
Three fabulous jobs that are open at the moment September 15, 2021 If you’re on the hunt for a new job, we have some very good news. There are so many brilliant open positions on our job board at the moment – so go ahead and start your search. As a taster, here’s an idea of what to expect… Recruiting Coordinator, Everbridge Everbridge is seeking a Talent [...]
Thriving in tough times: Keeping your finances in order September 14, 2021 The past year has shown us all the unpredictability of life. No-one could have foreseen the ongoing impact of Covid-19 on people’s health, employment, and the wider economic landscape. Of course, nobody wants to go through another period like this – but we, of course, may. Here, we look at how you can plan ahead [...]
Measuring the real cost of university – and getting ready to fund it September 14, 2021 September is always an emotional month for millions of households – with youngsters leaving the nest to head off to an exciting new chapter of their lives at university. Graduates earn around £10,000 more a year than those who don’t go to university, according to UK government figures1. University students also learn to become independent, [...]
Pension pots: How much is enough? September 14, 2021 As you approach retirement, one of the biggest questions you’re likely to have is, “Have I saved enough?” There’s no golden rule for how much money you’ll need in retirement, as much will depend on when you retire, what you plan to do in retirement, and how long you live. However, having a rough idea [...]
Aston Martin owner Stroll to invest £200m in new HQ for F1 team September 14, 2021 Aston Martin owner Lawrence Stroll will put up to £200m into a new manufacturing headquarters for the marque’s Formula 1 team. In an interview with the FT, the Canadian billionaire said he was aiming to increase the team’s valuation to £1bn over the next five years. The 37,000 square metre campus is located near British [...]
