Sadiq Khan: Time to end ‘vow of silence’ on Brexit business hit – and his plan to fix it January 12, 2023 Mayor of London Sadiq Khan will lay into what he describes as the “selective amnesia” of government ministers who ignore the impacts of Brexit on the British business community. Speaking at a black tie dinner in the City tonight, Khan will say that the “unnecessarily hard-line version of Brexit (ministers have chosen) is having a [...]
City’s Lord Mayor: London isn’t an “evil fairy godmother” dragging rest of the UK down January 12, 2023 The City of London’s Lord Mayor will tonight warn that the capital has been “cast as the villain in our national story” despite being an engine of economic growth for the whole country. Nicholas Lyons, who took on the role in November of last year, will tell a black tie dinner at Mansion House tonight [...]
Mark Kleinman: My bold predictions for 2023 in the City – from Natwest to Spurs January 11, 2023 After the political and economic events of 2022, the idea of being able to predict anything with confidence seems even more outlandish than usual. Nevertheless, with the UK economy precariously balanced less than two years before a general election, these seem – in early January – to be sensible bets for UK plc in 2023. [...]
The Square Mile and Me: Bill Blain on Bear Stearns, the Old Dr Butler’s Head and sailing on the Solent January 11, 2023 Each week we ask a City figure to tell us about what makes the Square Mile special. This week, it’s Shard Capital’s Bill Blain. What’s your first memory of the Square Mile? As a young Scotsman fresh to London, I thought the City was all bowler hats before a university chum invited me for lunch [...]
Breaking: All US flights grounded after FAA computer glitch January 11, 2023 All flights across the United States have been grounded this morning due to a computer glitch at the Federal Aviation Authority. The grounding is being widely reported in the United States. This is a breaking news story and will be updated
The Notebook: Jimmy McLoughlin on data, the honours list and the jobs of the future January 11, 2023 The notebook is a place for interesting people to say interesting things. Today’s author is Jimmy McLoughlin, a former No.10 business adviser and now the host of Jimmy’s Jobs of the Future, one of the world’s fastest growing business podcasts I STARTED Jimmy’s Jobs of the Future as a lockdown project whilst I was a [...]
A year on from Mayonnaise-gate, Terry Smith mounts another attack on Unilever January 10, 2023 Legendary City investor Terry Smith has written another excoriating review of Unilever’s business performance, a year after he made headlines for criticising its focus on the “purpose” of Hellmann’s Mayonnaise. In his annual letter to shareholders, the Fundsmith chief lists a series of complaints about the consumer goods firm, saying it had failed to engage [...]
Double take: Grant Shapps tweets historic photo which edits out Boris Johnson January 10, 2023 There are few comparisons between Grant Shapps and dictators of yore – mercifully – but it appears he may be the beneficiary of a tried-and-tested trick of historical figures. Shapps posted a photo to twitter on Sunday which appeared to show him alongside two officials from Britain’s space programme welcoming the launch of Virgin Orbit’s [...]
Spin Wars: PR outfit Tulchan bought by Teneo as City comms battle hots up January 10, 2023 PR and advisory giant Teneo has bought comms firm Tulchan, it confirmed this morning. It represents a sizable expansion for Teneo, with new UK CEO Nick Claydon – formerly senior partner at fellow Square Mile spinner Brunswick – hailing the pick-up as “strengthening our financial and political offer.” Tulchan – which employs around 70 people [...]
The Notebook: Victoria Scholar on defensive plays, BA’s new uniforms and Elon Musk’s fall from fortune January 10, 2023 The Notebook is a new feature for 2023, allowing the City’s biggest names to get a few thoughts off their chest. Today it’s the turn of Victoria Scholar, Head of Investment at interactive investor It has been widely reported that the UK is on the brink of recession while a third of the global economy [...]
