Sadiq Khan makes one small step in the right direction May 12, 2016 At the start of the week City A.M. asked – "will Sadiq Khan live up to his promise of being London’s most pro-business mayor?" The victorious Labour candidate may have set himself a tough target, but he has at least started on a positive note by dropping City Hall’s objection to expansion plans at City [...]
City Moves for 12 May 2016 | Who’s switching jobs May 12, 2016 EDM Group Provider of information and business process management technology and services to the UK insurance industry EDM Group has appointed Chris Hall as managing director, Insurance Services for EDM UK. Chris has over 30 years’ IT experience in senior leadership roles. Previous experience includes seven years spearheading Dell’s online presence in Europe; seven years [...]
How new London mayor Sadiq Khan can solve London’s startup funding crisis May 12, 2016 I would like to congratulate Sadiq Khan on becoming London’s new mayor and it is encouraging that he claims he will be “the most pro-business mayor London has ever had”. There is a booming startup scene in the capital which, if supported, will benefit our City for generations to come. But success is by no [...]
Was the European Commission right to block the Three-O2 merger? May 12, 2016 Jacques Lafitte, chief executive of Avisa Partners in Brussels and a former senior EU Commission official, says Yes. The Commission was right to block this merger. The decision appears to be based on robust legal and economic grounds. These are tricky decisions. The Commission vetoes on average one merger a year, and this decision is the [...]
Shadow MPC: City economists agree with Bank of England’s “wait and see” approach May 12, 2016 The Bank of England is set to slash its growth forecasts and ramp up its warnings on Brexit later today, in the latest installment of economic ‘Super Thursday’. The Bank will publish its quarterly Inflation Report – the market-moving dossier of Threadneedle Street’s latest thinking on the state of the UK economy, along with the [...]
London is home to more multi-millionaires than any other city in the world May 12, 2016 London has more multi-millionaires than any other city in the world, new research reveals. The UK’s capital is home to 4,400 “super-rich” people with net assets worth $30m (£20.7m) or more, excluding the value of their main house, figures from data provider Wealth Insight for 2015 show. This is up by 0.8 per cent over [...]
House sales forecast to stay flat as buyer interest drops for first time in over a year – RICS May 12, 2016 Interest from UK house buyers has dropped for the first time since March 2015, as uncertainty plagues the market, according to the latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey. Following the buy-to-let rush that preceded the 1 April tax rise deadline, and with continued uncertainty caused by the EU Referendum, interest from [...]
Companies have become more short-sighted in their approach to investment May 12, 2016 UK businesses' appetite for long-term investments has been curbed in relation to the economy's overall performance over the last few years, a report out today has discovered. The year-long research project by Tomorrow’s Company found that investment in fixed assets has dropped from 11 per cent of GDP in 1997 to eight per cent in 2014, and investment [...]
London house prices broke the £600k barrier for the first time in April, according to the latest House Price Index from Your Move and Reed Rains May 12, 2016 London house prices broke through the £600,000 barrier for the first time in April, while the value of homes in the capital has almost doubled over the past seven years. Property prices in London have risen 11 per cent (£59,605) since this time last year, surpassing all other regions of England and Wales, according to the latest House [...]
UK investor relations firm expands with US acquisition to target “more global and more outspoken and demanding” shareholders May 11, 2016 London-based investor relations firm Sodali has announced the acquisition of a US counterpart, Morrow. The merged entity, Morrow Sodali Global, is now better positioned to target "more global and more outspoken and demanding" shareholders. The company said its deal would create the "largest independent corporate governance, proxy solicitation, investor relations, capital markets and shareholder services firm in [...]