Exclusive: A quarter of Londoners fear capital will lose global status April 29, 2021 More than a quarter of Londoners fear the capital will become less important on the global stage as a result of the dual shock of Covid-19 and Brexit. A survey conducted by market research firm One Pulse exclusively for City A.M. revealed 26.5 per cent of Londoners believe the city will lose international clout over [...]
Back in business: Lord Mayor kickstarts Square Mile reopening April 12, 2021 As the City officially reopened this morning, the Lord Mayor embarked on a tour of the businesses that have opened their doors after months behind shutters. While still noticeably quieter than pre-pandemic, it was heartening to see the City return to some kind of normalcy, with the streets busier than they have been for months. [...]
London remains Europe’s major global finance centre despite Brexit hit March 17, 2021 London has held on to the second spot in a respected international study of financial centres, despite the double whammy of Brexit and the Covid-19 pandemic. London sits behind only New York and remains Europe’s only major global financial centre, remaining a number of spots ahead of Frankfurt and Zurich. But Asian competitors Shanghai, Hong [...]
Want to boost UK exports? Help ignored service providers March 1, 2021 | City Talk As the UK economy seeks to recover from the twin disruptions of the COVID-19 pandemic and a new trading relationship with Europe – making sure that we have a robust return of UK trade flows will be a crucial element of this. There are easy wins that the Government and Department for International Trade can secure. Ensuring [...]
City Moves 17 February: Who is switching jobs in the Square Mile this week? February 17, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we see movements across the financial sector, with the City of London Group, BNP Paribas and Gateley Capitus all welcoming fresh additions. BNP Paribas AM gets new deputy CEO BNP Paribas Asset Management appointed a [...]
Brexit gives us the chance to refit our financial regulation for the 21st century February 17, 2021 Britain’s departure from the European Union has created a unique opportunity to re-shape our regulatory framework for financial services; setting the sector up for continued success in the years to come and maintaining the UK’s position as a globally competitive financial centre. With Brexit complete – and many regulatory powers returning to the UK for [...]
Another City skyscraper approved ahead of planning brouhaha February 16, 2021 Another skyscraper is coming to the City of London, with a 33-storey building set to be built at 70 Gracechurch Street. Developers Tenacity – who last month received approval for a similar size development at 55 Gracechurch Street – received the thumbs up from the City Corporation Tuesday lunchtime. It is another welcome vote of [...]
City’s gargantuan tax receipts should never be taken for granted in Whitehall February 15, 2021 By any standards, 2020 was an unprecedented year for businesses and households alike. The uncertainty around our future relationship with the EU and the long shadow cast by the COVID-19 pandemic posed challenges not seen since the second world war. Even with the vaccine rollout well underway, the road to recovery remains uncertain with significant [...]
The City takes fresh Brexit hit as carbon futures trading heads for Amsterdam February 9, 2021 Trading of European carbon futures will move to Amsterdam from London in the coming months, Intercontinental Exchange (ICE) announced last night. The move is another setback for The City and the latest sign of activity leaving London for the bloc following Brexit. The City has been largely cut off from the EU since 1 January, [...]
Is central London finished? International investors think otherwise February 9, 2021 It is a strange experience going into central London right now. Areas that are normally bustling with crowds or chaotic with commuters lie still – even Pret A Manger has reduced its menu and opening times. Those who live outside of Zone 1 and for whom memories of maroon coffee cups, the underground and the [...]