London to lose out to New York under draft EU financial services agreement February 26, 2021 The City of London’s finance industry would be worse off than New York under an early draft for a cooperation agreement in financial services between Britain and the EU. An early draft of the memorandum of understanding (MoU), first seen by Reuters, has less substance than a deal the EU agreed with the United States [...]
Covid clubbing: What will a night out look like after the pandemic? February 26, 2021 Boris Johnson this week unveiled the UK’s route out of lockdown, unleashing a jubilant flood of social media memes. With 21 June set as the target date for a full lifting of restrictions, Brits were quick to fantasise about how they’ll celebrate their newfound freedom after 15 months of lockdown. The timeline could still be [...]
Majority of work from home job listings now ‘temporarily remote’, as return to office nears February 26, 2021 Majority of work from home job listings now 'temporarily remote'
Rise in SUVs and car usage hinders net zero targets, spending watchdog says February 26, 2021 An aversion to public transport, made worse due to the pandemic means the UK will have even further to go to reach its net zero emission targets, data from the National Audit Office (NAO) today has shown. The NAO report revealed transport is the UK’s largest contributor to carbon emissions, with cars being the primary [...]
Coronavirus: 40-49 year olds next to be offered Covid vaccine February 26, 2021 People aged 40-49 will be the next group to be prioritised for coronavirus vaccine, the Joint Committee on Vaccination and Immunisation (JCVI) has today announced. For phase two of the programme, some had argued that vaccines should be offered on the basis of how much risk different occupations faced. But the body, which advises the [...]
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. [...]