Martin Gilbert: UK good place to invest but global scene reminds me of 1999 May 25, 2021 City grandee Martin Gilbert has warned global stock markets remind him of 1999 – when the dot.com bubble burst in spectacular fashion. The founder of Aberdeen Asset Management and now Revolut chair said during a panel discussion that active rather than passive investing would come to the fore over the coming years. “When we eventually [...]
Put-in the diary: Biden to meet Russian President in June May 25, 2021 Joe Biden and Vladimir Putin will meet in Geneva for face-to-face talks next month. The meeting will be the first since Biden took the Presidency in January 2021. The White House said the conversation would touch on “the full range of pressing issues,” with relations between the two sour. Biden’s predecessor Donald Trump had a [...]
Adios, Amigo? Sub-prime lender shares collapse in half after court blow May 25, 2021 Subprime lender Amigo Loans has suffered a major blow after a High Court judge knocked down plans to cap compensation payments for historic complaints. A High Court judge ruled in favour of the Financial Conduct Authority who argued that the scheme would place a “disproportionate burden on customers, as opposed to shareholders and bondholders.” The [...]
Barristers warn Government on free speech clampdown in Policing Bill May 25, 2021 The UK’s barristers’ body has warned the Government it risks “criminalising annoying speech” in the Policing Bill currently making its way through Parliament. The Bar Council said that proposals for “harassment in a public place” would render irritating or annoying speech a criminal offence. The provisions go much further than current laws which only criminalise [...]
The City View: Accenture Interactive’s Pritesh Gadhia and Salamanca’s Lord Triesman May 25, 2021 A rare bumper episode of the City View sees two fantastic interviews, with Accenture Interactive boss Pritesh Gadhia and crossbench peer Lord Triesman. Speaking to City A.M.’s Andy Silvester, Pritesh offers his views on the workforce of the future, the role of digital transformation in major corporates, and what businesses can do to futureproof themselves [...]
Eataly boss wants craftsmanship to shine through City’s newest destination May 21, 2021 Travelling remains something of a trial at the minute, as we all know – with PCR tests, border queues, and an ever-changing list of rules and regulations taking much of the fun out of it. A glass of Cortese di Gavi in the sun will have to wait a little while too, judging from the [...]
London unlocks: Lord Mayor toasts return of City hospitality May 17, 2021 The Lord Mayor of the City of London undertook a whistle stop tour of the Square Mile’s reopening hospitality venues this afternoon as London began to unlock. Pubs and restaurants were both able to serve customers inside today for the first time since mid-December. Amongst the Mayor William Russell’s visits were M Restaurant on Threadneedle [...]
Tenth of UK restaurants lost during lockdowns May 16, 2021 A new poll suggests as many as one in ten UK restaurants has gone to the wall since the beginning of Covid-19 lockdowns. The Market Recovery Monitor from CGA and Alex Partners also suggests mid-market venue options have fallen by nearly 20 per cent. Read more: Shopper numbers surge as stores reopen but retail footfall [...]
Beeb rival GB News to launch by summer May 16, 2021 GB News, which aims to be a broadcasting rival to the BBC, is expected to launch in the coming weeks. TV providers are said to be preparing for a May 31 launch date, according to reports in The Telegraph. The channel is currently broadcasting a test signal. Read more: Screenshot: Will GB News’ traditional TV [...]
Surrey Cricket boss to move on after transformative decade May 14, 2021 Surrey County Cricket Club Chief Exec Richard Gould is to leave the south London institution after a decade in charge. Gould will move on to the same role at Championship football club Bristol City. Surrey’s business model has been transformed under Gould’s tenure, with the year before the pandemic delivering record profits. Read more: Surrey [...]