Maximilian Riedel: The 11-generation boss guiding the legendary glassmaker THE INTERVIEW Walking down the street with Maximilian Riedel, the 11th generation chief of the glassware firm that bears his family name, sounds like a demanding experience – at least if you work in his sales team. “I said to Steve (McGraw, Riedel’s UK managing director), when I walk the streets of London, I tend to look [...]
Lloyd’s boss: City has ‘big few months ahead’ to ensure Square Mile vitality BACK TO WORK Lloyd’s of London chief John Neal reckons the City has a “big few months ahead” to ensure the Square Mile retains its pre-pandemic vitality. Speaking to City A.M. this morning after a positive set of half-year results for the insurance marketplace, Neal said that though he recognises that “flexibility is critical” he also said there [...]
Lloyd’s of London to give staff £2,500 helping hand ahead of winter INSURING SUCCESS Lloyd’s of London is to give staff earning less than £75,000 per year a £2,500 one-off payment later this month to help with surging inflation. Chief Executive John Neal told City A.M. this morning that it was set to be a “pretty rotten winter” and “as employers we’ve got an obligation to think, to care [...]
EXCLUSIVE: New PM Liz Truss will protect ‘crown jewel’ City of London September 6, 2022 Liz Truss will “empower the City to drive economic growth” through tax cuts and regulatory reform as Prime Minister, she exclusively told City A.M.. The newly-appointed Conservative leader said, who will be appointed formally by Her Majesty the Queen at Balmoral today, she wanted to maintain the Square Mile’s competitive edge and “supercharge growth and [...]
City stands ready to invest in UK if governments gives it ability – and faith – to do so August 31, 2022 What’s the size of 31 Lake Windermeres, home to 165 steel-and-fibreglass behemoths each taller than the Monument, and 70-odd miles from Grimsby? If your answer was the Hornsea 2 wind farm, ten points to you. The world’s largest offshore wind farm became fully operational yesterday, set to power around 1.4m homes – combined with Hornsea [...]
Sadiq Khan: Next PM must ditch “anti-London agenda” and work with City Hall August 31, 2022 Sadiq Khan slammed Boris Johnson’s outgoing administration as the “most anti-London government in modern times” as he pledged to work with the new Prime Minister to reset relations between the capital and the government. Liz Truss and Rishi Sunak will take part in the final hustings of the contest to be the next PM in [...]
Carbon dioxide shortage: No taxpayer bailout forthcoming this time August 25, 2022 THERE will be no repeat of a taxpayer-backed financial package to tackle the country’s coming carbon dioxide shortage, City A.M. understands. Ammonia producer CF Fertilisers yesterday announced it would be halting production of the fertiliser at its Teesside plant due to too-high energy costs. Carbon dioxide is produced as a by-product of that process and [...]
Simply profitable: Asset finance outfit feels the benefit of specialist SME support July 27, 2022 A FIVE YEAR-OLD London-based asset manager has seen profit grow for the second year in a row as small to medium businesses look for alternative ways of funding game-changing investments. Simply now employs 114 people across the UK and has lent more than £700m to small and medium sized enterprises through a combination of hire [...]
Manufacturers call for EU trading reset to be top of new PM’s to do list July 18, 2022 Industry leaders are urging the new Prime Minister to renew trading relationships with the European Union after new research showed it remained the “dominant” market for manufacturing exports. A study by Make UK and business advisory firm BDO suggested that regions which voted for Brexit have increased their dependence on the EU for manufacturing exports, [...]
Lord Geidt resignation: Ethics adviser quit after being asked for advice on steel tariffs June 16, 2022 The Prime Minister’s ethics adviser resigned after being asked to approve tariffs on steel which the government itself acknowledges would break part of a World Trade Organisation treaty. Lord Geidt resigned last night, and in his letter to the Prime Minister said he was “tasked to offer a view about the Government’s intention to consider [...]
