£333m Brexit deal: UK agrees annual fishing quotas with EU June 10, 2021 The UK has today agreed its annual catch limits for the fishing industry with the EU, in a deal which the government said was worth £333m. As a result of leaving the bloc, Britain will have to renegotiate its fishing quotas independently every year. UK fisherman will be able to catch around 160,000 tonnes of [...]
London Calling: Why we back the City June 10, 2021 | Sponsored London remains one of the preeminent financial centres of the world. For some this statement is an outdated notion which forgets the turmoil of recent years. Brexit, relatively unstable governments, and the pandemic have all contributed to a misplaced sense of decline. However, for all the drama of the past few years, if you step [...]
UK competition watchdog ‘to probe Amazon buy box’ June 10, 2021 The UK’s Competition and Markets Authority is planning to formally investigate competition at Amazon, according to reports this morning. The investigation comes amid a similar ongoing one by the EU into Amazon. The UK competition watchdog, which has been analysing the online retailer for months, has focused on how Amazon uses data collected on its [...]
Exclusive: ‘Allow yourself to f*** up once in a while’, says Speak2Impact founder and TED talk writer Susie Ashfield June 9, 2021 Susie Ashfield started out as the voice of middle-class products on day time television; everything from Channing Tatum’s latest blockbuster to Jersey Royal Potatoes. Alongside her voiceover work, she worked as an insurance broker in the City, managing a portfolio of high-net-worth individuals, including celebrities and business high flyers. Seeing a gap in the market [...]
Surge testing deployed in Kingston to combat Delta variant June 9, 2021 Surge testing has begun in Kingston today to combat rising cases of the Delta variant, with those older than 11 advised to get tested even without symptoms. NHS Test and Trace has teamed up with local authorities to launch the additional testing and genomic sequencing in the area. A small number of confirmed cases of [...]
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 [...]