Retail sales drop as Brits return to venues while cost of living crunch looms March 25, 2022 Retail sales volumes fell 0.3 per cent last month as Brits made the most of Covid restrictions abating. Stormy weather also deterred shoppers from making trips to the high street, with Storm Eunice and Storm Dudley causing travel haovc across the country last month. According to the Office for National Statistics (ONS), shoppers bought less [...]
Exclusive: Competition watchdog to unveil open banking regulatory committee after fintech pressure March 25, 2022 The competition watchdog is set to unveil a new committee of regulators tomorrow to oversee the rollout of open banking technology, after sustained pressure from fintechs.
G7 leaders call on OPEC to raise oil supplies March 25, 2022 The leaders of the G7 nations yesterday urged OPEC to boost oil production following Russia's invasion of Ukraine.
City Moves: Who’s switching jobs in the Square Mile? March 25, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tilney Smith & Williamson Wealth management and professional services group Tilney Smith & Williamson, which is set to re-brand to Evelyn Partners in the summer, has bolstered its London financial planning with a new director. Francesca Allard, [...]
Letters: A return to the City streets March 25, 2022 [Re: £5bn investment turnover for central London office market since start of 2022] Post-Omicron optimism has helped refuel confidence in London’s office market to the tune of £5bn since the turn of the year – and rightly so. Investors have correctly identified the underlying fundamentals of the City. The offices that will continue to attract [...]
Sunak wants to be a low-tax Tory but instead he’s following the US and picking winners March 25, 2022 When Frank Sinatra first uttered the words “the best is yet to come”, the UK’s fiscal strategy probably couldn’t have been further from his mind. But the words ring true after a spring statement that did little to make life any easier for those of us who make a living trying to read the Chancellor’s [...]
An Evergreen gift: supply chain plans need to move from the Dark Ages onto our screen March 25, 2022 In March last year, the plight of a ship, stuck in the Suez canal became a fixation for people across the world. The Ever Given became grounded and caused reverberations to global supply chains for weeks. The latest misadventure is that of the ironically named Ever Forward, which grounded in Chesapeake Bay near Baltimore, Maryland. [...]
Editorial: P&O boss’s performance is a slow motion ferry crash into reputational damage March 25, 2022 If one of London’s esteemed public relations agencies was involved in the briefing of P&O boss Peter Hebblethwaite before his appearance in front of a parliamentary committee yesterday, it would perhaps be wise for said firm not to put it in their next pitch document. In the annals of disastrous select committee hearings, this was [...]
The public shaming of P&O won’t help us give up the habit of exploitation for good March 25, 2022 We all know the playbook by now. Big corporation does something immoral or illegal, often both. Cue public outcry and calls for “something to be done”. The chief exec is hauled before a parliamentary committee to account for himself (it’s usually a man) and then, well … that’s often where things end. But this time, [...]
‘Wall of worry’ knocks UK consumer confidence March 25, 2022 “A wall of worry” made up of a 30-year high inflation rate, the Russia-Ukraine war and looming tax hikes is plaguing UK households, reveals a closely watched survey released today. Brits’ optimism dropped five points to minus 31 this month marking the fourth month in a row consumer confidence has fallen, according to research firm [...]
