Mayor of London election: What did the candidates say about the City of London? May 6, 2021 Londoners are heading to the polls today to decide who their next mayor will be. The pandemic has been particularly hard for the City, with workers, tourists and other visitors vanishing as lockdowns were imposed. Shops, restaurants, and pubs all had to pull their shutters down and offices emptied. Let’s take a look at what [...]
Crunch time for Mayor of London candidates as polls across the capital open May 6, 2021 Today is the day that Londoners will visit polling stations across the capital to vote for the next Mayor of London. Polling stations are open from 7am to 10pm and if you are in the queue at 10pm, you will still be able to vote. The count will begin tomorrow at 9am and continue throughout [...]
Editorial: London has deserved more from an insipid Mayoral contest May 5, 2021 It is fair to say the year-long delay to the London Mayoral election has not increased the appetite for it. Nor have the last few months been a vintage political campaign of sharp differences, eye-catching promises and grand visions for the future. That’s a shame. London is a global city and will reinvent itself post-pandemic. [...]
Mayoral Election: Sadiq Khan primed for a second term with odds 1/50 May 5, 2021 Looking at the odds, Ladbrokes has found that Sadiq Khan appears to be the bookies next Mayor of London, once again. The Labour candidate looks primed for a second term in City Hall with odds at an eyewatering 1/50, as his closest rival Shaun Bailey staggered behind at 25/1. No amount of money looks enough [...]
Janet Yellen denies predicting rate hikes after comments roil Wall Street May 5, 2021 US Treasury Secretary Janet Yellen has downplayed comments that rate hikes may be needed to stop the economy overheating as Joe Biden’s spending plans boost growth. Yellen yesterday said that she sees no inflation problem brewing, after her previous comments deepened a sell-off in tech stocks and pushed longer-dated Treasury yields higher. What has Yellen [...]
Sir Martin Sorrell: ‘Chickens will come home to roost’ with post-Covid tax hikes May 4, 2021 Tax rises are inevitable in order to tackle spiralling pandemic-driven public debt across the world, Sir Martin Sorrell has warned. The S4 Capital advertising mogul told City A.M. that while he expected strong economic growth this year and in 2022, “at some point the chickens do have to come home to roost”. Sorrell said he [...]
S4 Capital hikes profit forecast after strong first quarter May 4, 2021 Sir Martin Sorrell’s S4 Capital today lifted its revenue and profit targets for the full year after posting another quarter of rapid growth. The digital advertising firm reported revenue of £122m in the first three months of the year, up 35 per cent on the same time last year. Gross profit grew by a third [...]
Bill and Melinda Gates to divorce but charitable foundation will continue May 4, 2021 Bill and Melinda Gates, co-founders of the one of the world’s largest private charitable foundations, have pledged to continue their philanthropic work together after filing for divorce after 27 years of marriage. The Bill & Melinda Gates Foundation has become one of the most powerful forces in global public health, spending more than $50bn over [...]
Mike Ashley’s Frasers Group launches £60m buying spree despite recent Covid setbacks May 4, 2021 Mike Ashley’s Frasers Group has announced plans to spend £60m between now and and July despite warning less than a month ago that it would suffer a £200m hit from the Covid-19 pandemic. The company, which includes House of Fraser, Sports Direct, Evans Cycles and Jack Wills, among others, will start the buying spree later [...]
Warren Buffett names Greg Abel as Berkshire Hathaway successor May 4, 2021 Investor Warren Buffett has said that vice-chairman Greg Abel will succeed him as chief executive when he steps down from the role. Buffett, 90, built Berkshire Hathaway from a failing textile maker into a $628bn investment giant. Despite the announcement, Buffet said that he has no plans to step down in the near future. “The [...]