Mayor of London calls for eviction ban extension for private renters January 7, 2021 The Mayor of London has called for an extension of the eviction ban as new figures show reports of rogue landlords have soared amid the pandemic. Despite having no formal powers over the private rented sector, Sadiq Khan is calling on the government to give renters the same protection as commercial tenants who were granted [...]
Snakes and Ladders: Who is moving jobs in the City this week? January 6, 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. Aberdeen Asset Management co-founder joins investment consultancy board Former Aberdeen Asset Management chief executive and co-founder Martin Gilbert has been appointed as deputy chairman of investment consultancy firm River and Mercantile Group. [...]
Mayor of London election to still go ahead in May January 6, 2021 The London mayor election is set to go ahead as planned in May, the government has confirmed. The election, along with a swathe of other local elections across the country, were postponed for a year last May due to Covid-19. The election will pit incumbent Labour mayor Sadiq Khan against Conservative candidate Shaun Bailey. The [...]
Richard Sharp: Who is the surprise new frontrunner for the BBC top job? January 6, 2021 Speculation over the top contenders for the BBC chairmanship has been rife in recent weeks, with a string of well-known names entering (and exiting) the fray. But the race was this week thrown wide open after it emerged a relatively unknown candidate had emerged as the new frontrunner Richard Sharp, a multi-millionaire former Tory party [...]
Yoga, colouring books and maths lessons: How to survive home-schooling (again) January 5, 2021 Homeschooling is back – with all the stresses that can sometimes entail. City A.M. asked the experts at Quizlet for their guide to delivering the best learning experience for children – whilst keeping parents and teachers sane. These are anxious times, but they are also hopeful times: countries are sharing knowledge and know-how; politicians are [...]
Investments climb back to pre-pandemic levels with cash reserves playing key role January 5, 2021 Despite economic pressures and a recession looming, nearly half of corporates and large SMEs expect business investment to return to pre-crisis levels by the end of this year as business gets back to normal. According to a new survey shared exclusively with City A.M. today, just 16 per cent expect to take three years or [...]
Investment body proposes ‘rebranding’ of standard listings January 4, 2021 The City’s leading investment body has proposed an overhaul of London’s standard listing category as the Treasury looks to revamp public listing rules. The former British commissioner to the EU Lord Hill is heading up a government-backed review into rules governing public listings in a bid to lure tech giants to the City. The City [...]
On track: First passenger trains run on Northern line Tube extension January 4, 2021 The extension to the Northern line came a step closer to completion over the Christmas period as the first passenger trains completed journeys through the new tunnels. Test trains entered the 3.2km of new track at Kennington, passing through Nine Elms station before arriving at the extension’s second new station at Battersea Power Station. The [...]
Sunday Talk: Mark Ridley, CEO of real estate giant Savills January 2, 2021 In a wide-ranging interview, City A.M. discusses fundraising challenges, Brexit and the shift to home working with Mark Ridley, who has been the group CEO of Savills since 2019, the London-based, LSE-listed real estate services giant which had a revenue of £1.93bn in 2019 and currently employs around 40,000 people in the UK and across Europe. The [...]
‘I relive pandemic rather than endure lasting Brexit damage,’ says Pimlico Plumbers founder January 2, 2021 With 2020 done and dusted, the coronavirus pandemic caused havoc and helped to put last year down in the history books for the wrong reasons, London’s most famous plumber, Pimlico Plumbers’ founder and CEO Charlie Mullins, told City A.M. “Having said that, I would relive this current crisis rather than endure the lasting damage that we [...]