Today: ‘Urgent’ EU meeting on fisheries may signal breakthrough in Brexit talks November 27, 2020 Brussels’ chief negotiator Michel Barnier has summoned fisheries ministers from EU nations, indicating that a major breakthrough in Brexit talks could be about to happen. The “urgent” meeting is reportedly taking place today. Find all our Brexit coverage in one place – simply click here Future fisheries arrangements between the UK and EU have been [...]
Before the bell: Volatility remains low post-Thanksgiving November 27, 2020 It was a subdued session yesterday as the US celebrated Thanksgiving and in turn the US stock market was closed. Dealers in the rest of the world largely sat on their hands while their US-based counterparts enjoyed their turkey. It was a quiet day in terms of news flow and there was little appetite for [...]
Exclusive: Siemens UK chief says pandemic brought ‘helpful’ distraction from Brexit November 26, 2020 Since becoming CEO of Siemens and Smart Infrastructure, the UK arm of German tech powerhouse Siemens, in December of last year, most of Carl Ennis’ job has been dominated by Covid-19. Despite the many difficulties, the pandemic also brought some good, such as a distraction from Brexit, Ennis tells City A.M. in an exclusive interview. Brexit The fact that the virus [...]
Productivity and wellness up among City of London employees working from home November 26, 2020 Financial services employees reported feeling more productive and well while working from home, new research has found. Some seven in 10 financial services employees who usually work in the City of London found home working to be a positive experience throughout the coronavirus pandemic. Research from Deloitte found 38 per cent of employees felt more [...]
Coronavirus set to be ‘way less’ damaging than 2008 crash: IFS November 26, 2020 The hit to the UK economy from the coronavirus pandemic is likely to be “way less” than the impact of the financial crisis should the budget watchdog’s predictions come true, the Institute for Fiscal Studies (IFS) think tank has said. The Office for Budget Responsibility (OBR) yesterday said the economy would likely end up three [...]
Tier 2 restrictions for London confirmed post-lockdown November 26, 2020 The capital will be placed in tier 2 restrictions when England’s national lockdown comes to an end next Wednesday. London will enter tier 2 along with most parts of England. Only a handful of areas will be placed in tier 1, and a significant number will be placed in tier 3, with the toughest restrictions. [...]
Beers in tiers: The new tier rules to stick to when pubs reopen next week November 26, 2020 Beers in tiers: The new rules to stick to when pubs reopen after the coronavirus lockdown
Out of Covid isolation, Johnson to give press conference today November 26, 2020 PM Boris Johnson will hold a press conference later today to explain local Covid-19 restrictions, Reuters reports, meaning he will emerge from self isolation two weeks after attending meeting with a MPs infected with the novel coronavirus. Downing Street announced on 15 November that Johnson, who was admitted to intensive care in a London hospital [...]
Before the bell: Calm day expected as US celebrates Thanksgiving November 26, 2020 Equity markets were relatively quiet yesterday as some dealers banked their profits from the ground that was gained earlier in the week. “The mood in the markets was assisted by the growing feeling that there will be a smooth had over of power from President Trump to President-elect, Joe Biden,” David Madden, market analyst at [...]
Build back better? London won’t be building at all if construction can’t recruit the workers it needs November 26, 2020 “Build back better” has become the government’s mantra as it seeks to lift the country out of its Covid slump. Ever since Boris Johnson announced an “infrastructure revolution” back in the summer, with a raft of commitments on building hospitals, schools and transport projects, the construction industry has been held up as central to the [...]