EU likely to grant the City limited equivalence, says French minister February 26, 2021 The EU may grant the City limited access to its financial services market to allow the UK to do business across the bloc, a French minister has said. A minister close to Emmanuel Macron, Clement Beaune said Brussels may be able to grant limited equivalence by the middle of the year. Speaking to Bloomberg he [...]
Sainsbury’s workers welcome third pandemic bonus and pay rises February 26, 2021 Sainsbury’s is set to award its staff with a third bonus and pay rises for keeping shops stocked throughout the pandemic, the supermarket chain said this morning. The group has also announced a pay rise, which forms part of a 24 per cent increase in wages for store staff over the last five years. Following [...]
EU vaccine passports will be ‘ready by summer’, leaders agree at summit February 26, 2021 EU vaccine passports will be 'ready by summer', leaders agree at summit
City of London’s prospects as global derivatives capital remain bright February 25, 2021 UK-based financial institutions have used the past four years to develop and implement (re)location strategies, working on the assumption of a harder Brexit and lose historic passporting rights, and hence unfettered access to EU markets. As things stand, London does indeed not have any equivalence agreements in place with the EU. This explains why we [...]
Exclusive: Square Mile veteran Joe Nally looks back on 45 years in the City February 25, 2021 Tomorrow, Joe Nally will retire from Cenkos Securities, a firm he co-founded 18 years ago, after a career of more than 45 years in the City. Nally, who was previously a partner at Williams De Broe, is one of the few remaining individual members of the International Stock Exchange of London who is still working. [...]
London Tories slam Sadiq Khan’s council tax rise in rival budget February 25, 2021 City Hall Tories are calling on Sadiq Khan to scrap an almost 10 per cent rise in his share of council tax bills. In January the Mayor of London announced plans to hike taxes to create an estimated £40m for concessionary travel programmes. “Council tax is a regressive tax but the Government have left us [...]
City A.M. TV: Daily Market Snapshot (video) February 25, 2021 City A.M. TV: Daily Market Snapshot (video)
Goldman Sachs boss David Solomon: Working from home is not the new normal February 25, 2021 Goldman Sachs boss David Solomon: Working from home is not the new normal
Exclusive: Purity Hemp CEO on the UK’s fast-growing medical cannabis market February 24, 2021 After losing his sister to cancer and his best man to an opioid addiction, Canada-born, London-based Michael Walker felt he should explore alternative healthcare options so not to rely on Big Pharma. The former head of marketing at Heathrow Express left the advertising industry in 2016 to set up his own company, the Purity Wellness [...]
City Corporation approves third tower in a month as developers back Square Mile’s future February 24, 2021 | City Talk The City of London Corporation has today (24 February) approved a new 38-storey development at 2 Finsbury Avenue, making it the third tall building to receive planning permission in the Square Mile in 2021. The newly approved office-led development, by British Land and GIC, aims to become an innovative, inclusive and sustainable place to work, [...]