A healthy dose of FOMO can get London’s workers back to the office December 7, 2020 Covid-19 has made central London unrecognisable — the quiet streets and empty offices of today are a far cry from the bustling metropolis it once was. Despite the end of the second national lockdown, there hasn’t been much improvement since the summer. A recent survey from Arup showed that London is still trailing other British [...]
The Week Ahead: Brexit, ECB rates, Rolls Royce, Ocado and Airbnb IPO December 7, 2020 City A.M. takes a look ahead at the main events shaping the markets this coming week, analysing what is to come with City insider Michael Hewson, chief market analyst at CMC Markets UK. Monday: Ted Baker When Ted Baker announced in June it was looking to raise over £100m at a discounted price of 75p [...]
A new chapter of UK-EU collaboration — and the City stands ready to help December 7, 2020 After long and tortuous negotiations, the UK and European Union are finally reaching the endgame of the transition period. Whatever the outcome, the current global crisis caused by the pandemic has shone a light on how, even post-Brexit, there will be many areas which will require collaboration on both sides of the Channel. The pandemic has [...]
Sadiq Khan launches £1m Resilience Fund for London’s post-pandemic recovery December 4, 2020 The Mayor of London announced the launch of a £1m Resilience Fund, partnering community groups and innovation experts to tackle London’s most pressing challenges. The Resilience Fund will be delivered in partnership with Nesta Challenges, an innovation foundation. Local authorities, public agencies, social enterprise will be asked to identify specific challenges they need solved. Sadiq [...]
Covid-19: This is the London Tube line with the worst rate of wearing face masks December 4, 2020 Covid-19: This is the London Tube line with the worst rate of wearing face masks
Rising private equity star on making it in the City as a woman in 2020 December 3, 2020 Diversity and equality are increasingly on the radar of City firms. Serious priorities or mere marketing spiel? City A.M.‘s Michiel Willems sat down with Sunaina Sinha Haldea, founder and CEO of Cebile Capital, a London-based placement agent and secondaries advisor in private equity and infrastructure. The Harvard graduate is also an angel investor and serves [...]
Salaries to increase next year as companies move to lift pay freezes December 3, 2020 UK private sector workers are set to receive average pay rises of 2.4 per cent in 2021, according to data released by Willis Towers Watson this morning. The number of UK companies expecting to freeze pay is expected to fall sharply next year, in a further sign of cautious optimism for 2021. The more upbeat [...]
Exclusive: Andy Bell warns ‘we’ll all feel the pain of negative interest rates’ December 3, 2020 As the Bank of England mulls the introduction of negative interest rates AJ Bell’s chief executive has told City A.M. customers will suffer as a result. The central bank has already slashed interest rates to a record low of 0.1 per cent to support lending through the pandemic. “We’ve discussed how we’d deal and cope [...]
Only 3,600 households have signed up to Sadiq Khan’s energy company December 3, 2020 Fewer than 4,000 London households have signed up to Sadiq Khan’s green energy company that he set up this year for £3.2m. City Hall figures shows that London Power has just 3,658 customers, meaning City Hall has spent £875 per customer. London Power, which is run by Octopus Energy, was set up by City Hall [...]
Snakes and Ladders: Who is moving jobs in the City this week? December 3, 2020 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. Firms are continuing to adapt to the challenges and opportunities presented by the pandemic as they vie to be in prime position to recover from the economic fallout of the crisis. This week, [...]