City Moves: Who’s switching jobs in the Square Mile this week? June 9, 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. Chairman trades The Restaurant Group for the FA The Restaurant Group (TRG), which host brands like Wagamama and Frankie & Benny’s, has confirmed this week that its chairman will be stepping [...]
CMA to investigate British Airways and Ryanair over lockdown flight refunds June 9, 2021 The UK’s markets watchdog has begun an investigation into British Airways and Ryanair today, to find whether they broke the law in not offering refunds for flights struck by lockdown laws. The Competition and Markets Authority (CMA) will be looking at a potential breach in consumers’ legal rights when they were left out of pocket [...]
Twenty-somethings join thousands-long vaccine queue, with 500,000 jabs booked June 8, 2021 Over 25s have hopped onto the back of a thousands-long vaccine queue, after health secretary Matt Hancock confirmed yesterday that the age group was able to get jabbed. The NHS said half a million COVID jabs had been booked by 12pm today, likening the rush for bookings to the annual scramble for Glastonbury tickets. The [...]
Seven thousand Londoners download scooter app as trial launches June 8, 2021 Some 7,000 Londoners signed up for e-scooter operator Lime’s app over the weekend as the capital’s e-scooter trial kicked off in earnest. The largest micro mobility operator in the UK said they saw an average of at least three rides per each of their 200-strong fleet as Londoners to find and hire Lime e-scooters using [...]
London property developer slapped with 14-year ban for £13m ‘ponzi’ scheme June 8, 2021 A fraudster property developer who promised investors comfy returns but instead used a £13m ‘ponzi’ property scheme has been slapped with a 14-year ban. While transferring funds abroad, Chelmsford-based Mitchell Mallin targeted investors with the promise to do up dilapidated properties in the capital and Essex before selling them for a profit. “As the period [...]
Rishi Sunak promises to protect the City from Brussels’ financial services bid June 8, 2021 Rishi Sunak, the Chancellor, promised that the City will remain “competitive and dynamic” even in the face of Brussels’ bid to unseat it from its crown, in a private call with banks. Sunak described the financial services industry as a “crown jewel” and, according to reports, said the country will fight to protect it. The [...]
UK fraud watchdog seizes dirty money tied to nearly £500m global metal scam June 7, 2021 The UK’s fraud watchdog has seized £247k of dirty money from an account linked to Virendra Rastogi, a puppeteer in an around £493m global fraud case. Once one of the UK’s richest men, Rastogi was one of three former directors of RGB Resources convicted of running an international metal trading scam that cost banks dotted [...]
London’s launch of e-scooters in the Square Mile to be postponed until July June 7, 2021 The launch of London’s e-scooter rental trial today is set to be delayed across the Square Mile as the City Corporation has postponed its involvement until July. The City Corporation, the local authority for the Square Mile, said it would not be joining the scheme until 5 July, apparently due to administrative setbacks rather than [...]
Normalising ‘speaking up’ and learning how to ‘listen up’ June 7, 2021 | City Talk Catriona Paisey reports on the key findings from her Speak Up? Listen Up? Whistleblow? research funded by ICAS. ICAS’s business ethics initiative, The Power of One, emphasises that the importance of trust in business must not be understated. Trust is the key to the long-term sustainability of organisations. To ensure trust, there is a need for [...]
EU not needed: Germany, France and Italy vying for post-Brexit deals with UK June 5, 2021 The EU’s three biggest countries – France, Italy and Germany – have started negotiations with the UK aimed at striking bilateral post-Brexit security and intelligence agreements. Discussions are taking place at ambassadorial and ministerial level, focusing on defence cooperation and intelligence sharing, according to multiple news reports in Germany and France, as well The Guardian. [...]