Bank of England governor Andrew Bailey predicts drop in inflation allaying recession fears October 20, 2023 UK inflation is set to drop markedly for October amid continued efforts to tackle the higher cost of living, the governor of the Bank of England has said. Andrew Bailey indicated inflation will return to its recent pattern of slowdowns after the Office for National Statistics (ONS) recorded a surprise pause last month, leaving inflation [...]
London routes disrupted by extreme weather as Storm Babet batters Scotland October 20, 2023 London transport routes were disrupted on Friday, as severe adverse weather and heavy rain continued to cause problems on the rail network. Network Rail told City A.M. there was severe disruption on services to and from King’s Cross, due to flooding in Grantham. According to National Rail’s website, other routes affected by the bad weather [...]
Gaucho raises the steaks in the City with multi-million pound makeover October 20, 2023 Argentinian-inspired steakhouse Gaucho is re-opening its subterranean Square Mile hotspot after a months-long makeover.
Sale process to secure new owners for Telegraph and Spectator is launched October 20, 2023 The Telegraph Media Group and The Spectator magazine have launched the sale process to secure new owners for the business. The long-awaited sale to gain control of one of the UK’s largest newspaper groups has already seen a wealth of interest from potential buyers. The board of the parent companies behind the Telegraph and Spectator [...]
Big London firms lost up to £50k from crime last year as calls mount for Met to step up October 20, 2023 Almost a fifth of larger businesses in London impacted by crime said they have lost up to £50k in the last year as a result, as fresh calls are being made to up skills officers to prevent further offences. According to a new study by the London Chamber of Commerce and Industry (LCCI), a further [...]
Tax receipts: Five things we’ve learnt from today’s data October 20, 2023 Total HMRC receipts for April to September came in at £392.5bn, up £23.1bn from the same period last year.
Watch: Lord Hammond on Tories’ ‘populist turn’, post-Brexit financial services and his crypto vision for the future October 20, 2023 Former chancellor Lord Hammond tells City A.M. of his vision of crypto and blockchain as the future of the UK’s post-Brexit financial services sector – as well as sharing some damning criticism on the “populist turn” of the Conservative party. Now serving as chair of and shareholder of blockchain firm Copper, Hammond joined City A.M. [...]
LIV Golf: $50m purse up for grabs in Team Championship finale October 20, 2023 Talor Gooch may have wrapped up the LIV Golf Individual Championship last weekend in Saudi Arabia, and banked £17m in the process, but the season is set for its climax over the next three days at the Trump National Doral in Miami. Because on the Florida greens this weekend the LIV Golf Team Championship finale [...]
FTSE 100 live: London ends week deep in the red on back of Israel-Gaza war, borrowing and retail figures October 20, 2023 London’s FTSE 100 ended the week deep in the red following disappointing retail figures and falling but still very high, public borrowing stats. The capital’s premier bluechip index was 1.31 per cent down by the close, at 7,401.30, while the FTSE 250, which is more aligned with the domestic market, dropped to 0.9 per cent, [...]
Fully remote workers are least satisfied and most Brits would take a pay cut for flexibility October 20, 2023 Fully remote workers are the least satisfied with their jobs while nearly two thirds of Britons would take a pay cut for more flexibility, according to a new survey. A poll of more than 5,000 UK employees by hiring platform Indeed found just 15 per cent of all workers think more remote working would make [...]