Mark Kleinman: Inside Gousto’s shareholder spat and the exec not afraid to ruffle feathers on London’s corporate exodus March 9, 2023 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Gousto cash call leaves a sour taste in the mouth A dominant CEO, a board willing to ignore the interests of small shareholders and a spiralling share price: mix the [...]
The Square Mile and Me: Tavier Taylor on Texas, job interviews and Pilates March 9, 2023 We dig into the memory bank of the City’s great and good: this week it’s the Chartered Management Institute’s tech chief Tavier Taylor. What was your first job? I grew up in Texas and my very first “real” job – not counting underage babysitting at the age of 11 – was at Popeye’s Chicken on [...]
Met Police short of 1,000 officers as force admits it faces an uphill battle to recruit quality candidates March 8, 2023 The Met Police is set to be short of more than 1,000 officers this year, the force has said, amid an ongoing crisis in public trust and confidence. Officer numbers will be down by around 1,060 less than the target strength of 34,490, the Met Police has told City Hall. It comes as new commissioner [...]
London businesses shelve hiring plans amid UK recession uncertainty March 8, 2023 London businesses are the most reluctant to take on new staff in the UK due to uncertainty over whether the country will eventually tip into recession, a closely watched survey out today reveals. The capital’s firms are trimming intentions to expand their workforce due to concerns over a looming drop in consumer spending amid the [...]
Almost all London councils set to raise taxes as funding situation becomes ‘unsustainable’ March 7, 2023 More than half of local councils in England are set to make cuts to services while raising council tax by the highest possible amount amid an “unsustainable” funding system. A fifth of London councils say budget cuts will be evident to the public and almost 95 per cent will raise residents’ council tax bills, the [...]
Black cabs: London’s electric taxis overtake diesel for first time with 6,000 now on capital’s roads March 7, 2023 London now has more electric black cabs than diesel powered ones for the first time, following widespread uptake of taxis in line with London’s net zero push. There are now more than 6,000 fully-electric black cabs in London’s taxi fleet, meaning electric taxis are now the most common type of Hackney carriage on the capital’s [...]
The Notebook: Nick Bowes on devolution, LA’s issues and why Lewisham is now home March 6, 2023 ACCESS to opportunities – well-paid jobs and high-quality study – is a major part of the levelling up agenda.Clearly, some parts of the UK don’t have the same access to jobs and education as others. London scores well, being home to amazing universities and colleges and thousands of high-end jobs. Many Londoners can see the [...]
Sadiq Khan criticised for ULEZ cameras for ‘pay-as-you-drive’ charge plans March 5, 2023 London mayor Sadiq Khan has been criticised over plans to use ULEZ cameras for a possible future ‘pay-as-you-drive’ road user charging scheme. Transport for London (TfL) is looking into replacing existing schemes such as the congestion charge and the ultra low emission zone (ULEZ) with a “single, integrated road user” charge. Just 300 of the [...]
Building materials firm CRH set to move London listing to New York March 2, 2023 Building materials giant CRH is planning to shift its main stock market listing from London to New York, in a fresh blow to the UK markets. The world’s largest construction materials firm told shareholders on Thursday that around three-quarters of its earnings came from North America, as it explained the proposals. CRH, which is headquartered [...]
London must be given power to direct its economy to arrest historic productivity decline, study urges March 2, 2023 London must be given greater power to direct its economy by central government to arrest a historic productivity decline, a new report out today has urged. Handing the capital more sway over tax and spending decisions, peeling back onerous planning rules and boosting graduate migration would help London return to being an economic growth engine [...]