There are staycations – and then there’s the Savoy June 21, 2021 Tribal rivalries run strong in London, as we all know. Proper south Londoners don’t go north of the river unless under duress; east Londoners think west London is just the bit you have to fight through to get to Heathrow. But if lockdown has taught us one thing, it’s that no matter how buzzing, lively [...]
Post-Brexit UK should judge financial services climate against New York and Singapore, says City minister June 21, 2021 City minister John Glen this morning said the future regulatory environment for UK financial services should be judged against New York and Singapore. Glen, speaking at The City Week conference, hinted that global growth meant competition with non-European hubs would be a driving force behind regulatory decision-making, rather than focussing on any potential equivalence deal [...]
Blair think-tank: Work from home revolution could see millions of white collar jobs outsourced June 21, 2021 The relative success of pandemic-era working from home could result in as many as 6m white-collar jobs being moved overseas, Tony Blair’s think-tank has warned this morning. The last year has loosened the geographical ties of work, argues a new report from the think-tank, that makes it possible “anywhere jobs” could be done overseas. Read [...]
Ofcom flooded with GB News complaints amid advertising boycott June 17, 2021 Ofcom has been hit with a flood of complaints over GB News’ opening night, piling pressure on the channel amid an advertising boycott. The media watchdog received 373 complaints about a programme hosted by Dan Wootton on Sunday night. During a monologue in his inaugural show, the former Sun executive editor railed against Covid lockdowns, [...]
Exclusive: British Business Bank could target future support towards Covid-battered sectors June 17, 2021 The head of the British Business Bank has intimated that their future loan support could be targeted on parts of the economy which have seen the biggest hit from the Covid-19 pandemic. The Bank has played a key role in the economic response to the pandemic, expanding its balance sheet from £8bn-worth of loans to [...]
Equity investment in small UK businesses increases to £8.8bn in 2020 despite Covid-disruption and Brexit June 16, 2021 Equity investment into smaller UK businesses grew by 9 per cent last year despite the combined headwinds of Covid-19 and the UK’s departure from the European Union. The total of £8.8bn is the highest recorded since the British Business Bank started tracking the data ten years ago. The Bank also revealed that it had supported [...]
Wanted Down Under: UK signs Australia free-trade deal June 15, 2021 The UK and Australia have struck a trade deal that will see a gradual wind-down of tariffs between the two countries and opens up new work visas for youngsters. PM Boris Johnson and his Aussie equivalent Scott Morrison sealed the deal over a Downing street dinner of Scottish smoked salmon and Welsh lamb last night. [...]
Morning Digest: What’s shaping today’s business agenda June 11, 2021 Here’s City A.M.’s look at what the business world is talking about this morning. The bounceback begins:Britain’s economy grew by 2.3 per cent in April as the country took the first tentative steps back to normality. Services unsurprisingly saw the biggest boost and the top-line number would have been higher had it not been for [...]
Morning Digest: What’s shaping the business agenda today June 10, 2021 Here’s what’s shaking up markets and the business agenda today. Still top of the (European) tree: The UK remains the globe’s second biggest financial services centre but Asian markets are closing fast – that’s the verdict of the closely watched index from New Financial. Brexit has punched a dent, but it doesn’t appear to be [...]
City asset managers to decide on first Greek bank raise since crisis June 7, 2021 Two major UK investment managers will play a part in deciding whether the first capital raise by a Greek bank since the financial crisis goes ahead. Somerset Capital Management and Odey Capital Management are both significant shareholders in Alpha Services and Holdings. Read more: City bankers would rather quit than move to European capitals following [...]
