Barclays CEO on the future of the City: ‘Forget Frankfurt and Paris’ February 5, 2021 Jes Staley, the CEO of Barclays, has said the UK financial services industry should focus on competing with the US and Asia, rather than the EU. Staley reportedly said that although jobs that would have been created in the Square Mile may have been moved to the EU, Brexit has given one of the UK’s [...]
Londoners could face tougher face mask rules in transport crackdown February 5, 2021 Tube and bus passengers in London could be made to wear higher-grade face masks to help combat new mutant strains of Covid-19. Mayor Sadiq Khan and Transport for London have both launched reviews of current guidance amid concerns about the rapid spread of the so-called Kent strain across the UK. Face coverings have been mandatory [...]
Corona Impact Series: How an EV charging company in Shoreditch was powered up by a policy change mid-pandemic February 5, 2021 In this series, City A.M. looks at the financial and economic impact of the ongoing pandemic on a range of small and medium-sized businesses across London. This week: How an electric vehicle charging startup in East London was made future-proof by government policies that were introduced at the height of the pandemic. “When the first [...]
Four in five UK nightclubs will collapse within a month, industry warns February 4, 2021 The UK clubbing scene is on the brink of “extinction” with the vast majority of venues unlikely to survive past the end of the month without government support, the industry has warned. A damning report released by the Night Time Industries Association (NTIA) today laid bare the devastating impact of the pandemic on British nightclubs, [...]
David Beckham-backed cannabis firm on course to become LSE’s first CBD listing February 4, 2021 UK-based Cellular Goods is seeking a listing on the London Stock Exchange, which would make them the LSE’s first pure-play CBD business
Square Mile launches rapid Covid test site for City workers February 4, 2021 The City of London Corporation has opened a rapid Covid test site for workers in the Square Mile who do not have coronavirus symptoms to get tested once a week. The site on 80 Leadenhall Street, launched in partnership with the NHS, will allow City workers still going into the office and people living in [...]
New Square Mile rapid testing site for workers without COVID-19 symptoms February 4, 2021 | City Talk The City of London Corporation is calling on workers who do not have Coronavirus symptoms to get regular lateral flow tests to help prevent the spread of the virus to family, friends and colleagues. One in three people with Coronavirus do not have symptoms and could be passing on the virus without knowing. That is [...]
City Moves for 3 February: Who is switching jobs in the Square Mile this week? February 3, 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. New head of UK business for BNP Paribas REIM French firm BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has appointed a new UK business head to manage its multi-billion-pound real estate [...]
Film financier Great Point set for London IPO February 3, 2021 Great Point Entertainment Income Trust (GPEIT) today announced its intention to float on the main market of the London Stock Exchange. The London-based group will offer a target issue of 200m shares at 1 penny each at an initial issue price of £1 per ordinary share. GPEIT is a newly established investment company which will [...]
Landmark report aims to make City more diverse and inclusive February 2, 2021 | City Talk A landmark new report on tackling racism will put diversity and inclusivity ‘front and centre’ in the City of London, its authors have said. A series of ‘comprehensive and decisive’ actions recommended by the City of London Corporation’s Tackling Racism Taskforce have been agreed by the Square Mile governing body’s Policy and Resources Committee. They [...]