The City takes fresh Brexit hit as carbon futures trading heads for Amsterdam February 9, 2021 Trading of European carbon futures will move to Amsterdam from London in the coming months, Intercontinental Exchange (ICE) announced last night. The move is another setback for The City and the latest sign of activity leaving London for the bloc following Brexit. The City has been largely cut off from the EU since 1 January, [...]
A message from the City of London Police: Top tips on National Internet Safety Day February 9, 2021 | City Talk Today [9 February] is National Internet Safety Day. Marking this date feels more important than ever this year due to the impact the COVID-19 pandemic has had on the way we all communicate with others. We are now in the midst of our third UK lockdown with schools closed for the second time in a year [...]
London loses carbon futures trading to Amsterdam, in Brexit hit to City February 8, 2021 Intercontinental Exchange (ICE) today said it will move its trading of European carbon futures and options to its Netherlands-based exchange in Amsterdam from London during the second quarter, in the latest sign of financial activity leaving Britain for the bloc due to Brexit.
Napster set for London listing after MelodyVR deal February 8, 2021 Napster is reportedly preparing to list in London later this month following the $70m (£53.8m) reverse takeover by startup MelodyVR. Napster will start trading on Aim from 26 February, according to the Guardian, the first time it has ever had its own IPO. Virtual music tech company MelodyVR, which launched in 2018, announced it had [...]
Don’t expect sharp post-Covid rebound for UK economy, warn Niesr economists February 8, 2021 Don't expect sharp post-Covid rebound for UK economy, warns Niesr
British entrepreneur Mike Lynch gears up to fight US extradition attempt February 8, 2021 Mike Lynch, the British businessman facing accusations of fraud, will this week fight attempts to extradite him to the US. Lynch is facing charges of securities fraud, wire fraud and conspiracy in the US related to the 2011 acquisition of his former software firm Autonomy by tech giant Hewlett Packard. Following the sale, HP wrote [...]
Cheaper rent draws tenants to central London locations February 8, 2021 Lower rents in prime central London locations are grabbing the interest of prospective tenants, suggesting urban living still has strong strength of demand despite the pandemic. The number of new prospective tenants registering in prime central London (PCL) who came from outside the area was 35 per cent between June and December 2020, according [...]
Majority of adults in UK to be offered Covid vaccine by May February 5, 2021 Most adults in the UK will receive a Covid vaccine by the end of May, according to a senior government adviser, in a major boost for hopes of a return to normality by the summer. Samuel Kasumu, a senior adviser to the Prime Minister on ethnic minorities, revealed the target in a resignation letter leaked [...]
London bankers dominate top M&A deal rankings for Europe February 5, 2021 London bankers dominate top M&A deal rankings for Europe
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 [...]