Accountancy boss sentenced for offering non-existent jobs in the City and Canary Wharf October 1, 2021 The director of a London-based company that offered jobs via an online recruitment website has been given a suspended sentence for his part in a fraud that saw job applicants apply for positions that didn’t exist. Wemba Akobola was sentenced to 18 months’ imprisonment, suspended for 18 months, according to a statement from the City [...]
Sit down: The CEO of the UK’s first-ever space flight regulator October 1, 2021 The UK’s recently unveiled space regulations mark a “really important milestone” for the country as an island emerging from a pandemic following Brexit, the boss of the UK’s aviation watchdog has told City A.M. Civil Aviation Authority (CAA) boss Richard Moriarty – the regulator now responsible for space flight – explained fresh rules governing the [...]
Holiday-goers could fork out as much as £105m on airport drop-off fees next year October 1, 2021 Holiday-goers leaving the UK could fork out as much as £105m in airport drop-off fees once traveller numbers return to pre-pandemic levels, according to new research. Most of the country’s busiest airports charge such fees, with the average cost standing at £3.54 – while Heathrow is set to introduce a £5 fee from November, the [...]
City Moves: Who’s switching jobs in the Square Mile today? October 1, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. L.E.K. Consulting L.E.K. Consulting has elected its next Global Managing Partner – the top leadership position in the partnership. Based in London, Clay Heskett has been elected to the global leadership position from the management consulting firm’s [...]
City of London Corporation may U-turn on decision to remove slaver statues September 30, 2021 Statues of a slave owner and slave trader from the 18th century may remain at the City of London Corporation’s Guildhall headquarters, despite initially deciding to take them down earlier this year. The statues of Sir John Cass and William Beckford were going to be removed in the wake of the Black Lives Matter protests [...]
AA: Fuel shortages hit the capital hardest as Londoners charge to nearby pumps September 30, 2021 The fuel shortages that have gripped the UK have hit London the hardest, according to the president of breakdown cover company AA. With stacking queues and empty pumps, it appears Londoners and those in the South East were the worst for panic buying. “In general terms London and the Southeast have been hit hardest and [...]
City Moves: Who’s switching jobs in the Square Mile today? September 30, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. GAM GAM Investments has hired a former BlackRock Director for its newly created role of Head of Global Consultant Relations. Reporting to Global Head of Institutional Solutions Jill Barber, incoming lead Mary Murphy will help build strategic [...]
City of London elects Vincent Keaveny as next Lord Mayor September 29, 2021 The City of London’s next Lord Mayor, who acts as a global spokesperson for the business hub, has finally been named. Vincent Keaveny has been elected today as the 693rd Lord Mayor of the City, who will step into the role on November 12. During his upcoming one-year term, Keaveny is set to lead business [...]
Spoilt for choice: Mortgage deals below 1 per cent skyrocket 400 per cent in just three months September 29, 2021 Mortgage deals with rates below 1 per cent have skyrocketed by more than 400 per in the last three months, according to new research. In June, just 10 deals with rates below 1 per cent were available, MoneySuperMarket found. But by September, there were 50 mortgage products on the market with rates below 1 per [...]
Today: Former police officer who raped and murdered Sarah Everard faces sentence September 29, 2021 Wayne Couzens, the man who raped and murdered Sarah Everard, will learn today if he will spend the rest of his life behind bars. Couzens, 48, was a serving Pc with the Metropolitan Police when he snatched Everard as she walked home in Clapham, south London, on the evening of March 3. The sexual predator, [...]