Avanti not ‘out of the woods yet’ as contract renewal decision looms February 6, 2023 Avanti West Coast is not “out of the woods yet”, a top MP has warned, as the government decides whether to renew the operator’s contract. Rail minister Huw Merriman has said he will make a decision on Avanti’s contract soon, with the extension set to expire in April. Merriman said it will be based “on [...]
Big Four look to hire London’s laid-off bankers to bolster their M&A teams February 6, 2023 The Big Four accounting firms – Deloitte, EY, KPMG and PwC – are seeking to hire laid-off bankers to bolster the ranks of their M&A advisory arms in the City. Top execs told City A.M. the world’s biggest professional services firms are seeking to capitalise on the downturn in big M&A deals by poaching talent [...]
EY says it does not owe ‘duty of care’ to taxman in fight over property magnate’s tax affairs February 6, 2023 EY has said it is under no obligation to help HMRC collect more taxes in defending itself against a High Court lawsuit over a British property magnate’s tax affairs. The Big Four accounting firm said it owed no “duty of care” to HMRC to have given it information that could have helped it collect more [...]
China Covid-19 case surge and Brexit disruption worry UK firms most, survey finds February 6, 2023 A surge in Covid-19 cases in China gumming up supply chains threatens to snag the UK economy, a survey out today reveals. Trade flows hobbled by workers in China being too sick to work after contracting the virus or Beijing reimposing lockdowns in response to a rise in cases ranks as the top concern among [...]
City jobs surge in year after Brexit as Barclays, JP Morgan and Revolut accelerate recruitment February 6, 2023 Finance firms ramped up efforts to hire workers in the year after Brexit, with big banks Barclays and JP Morgan and fintech Revolut leading the charge, according to exclusive figures shared with City A.M. London banks, accountants and fintechs led the recruitment charge in 2022, offering more one in two of every vacancy in England [...]
The world’s favourite airline? It’s certainly not British Airways anymore February 6, 2023 British Airways is getting its comms wrong. Banning pilots and hostesses from posting on social media while they work shows the airline prioritises money over its employees, writes Eliot Wilson
Women looking out for Gen Z at work are being burnt out by being a ‘Team Mum’ February 6, 2023 Workplace politics has changed over the last few years, but the Team Mum’s are still there and looking out for Generation Z, writes Eliza Filby.
It’s true, Paris isn’t far behind London but we can still win the race to be the top city February 6, 2023 Since Brexit, Londoners have feared the moment Paris would overtake the city for the crown of financial services, but we can still keep our advantage if we compete with France’s regulatory environment, writes Chris Hayward.
Dragons’ Den reject Trunki to be sold for over £12m February 5, 2023 Trunki, the well-known children’s suitcase brand, has been sold in a deal thought to be worth over £12 million. Founder Rob Law, who was once told his company was “worthless” on the BBC’s Dragon’s Den, has now sold over 5 million Trunki suitcases and built a successful portfolio of travel gear, with the group’s revenue [...]
UK shouldn’t start a ‘regulatory race to the bottom’ to lure Arm into London float, top City group warns February 5, 2023 A top City lobby group has hit out at the UK’s financial watchdog over claims it is planning to bend its own rules to persuade microchip designer Arm to float on the London Stock Exchange. The Institute of Directors (IoD) warned the Financial Conduct Authority’s (FCA’s) offer to waive market rules “undermines the integrity of both [...]
