S&P rises as Biden’s stimulus heads to the Senate March 1, 2021 The news that Joe Biden’s $1.9 trillion stimulus bill had passed through Congress over the weekend helped give investors confidence, pushing markets up round the world. The bill will now move to the Senate, where the Democrats hold the casting vote. The S&P 500 rose 2.5 per cent and the Nasdaq jumped 2.9 per cent [...]
Brits are suffering from home working ‘fatigue’, says Canary Wharf boss March 1, 2021 Brits are ready to return to the office because a year of working from home has left many “fatigued”, a top executive at Canary Wharf Group has said. Howard Dawber, head of strategy at the property giant, said that while working habits may change after the pandemic, people are missing office and city-centre life. “We’ve [...]
London has a new vermouth company just in time for summer March 1, 2021 London now has its own vermouth label, producing three very Home Counties vermouths. The new London Vermouth Company, set up by three life-long friends – Guy Abrahams, Andrew Wealls and Ben Leask – worked with recipe and drinks developer Camille Hobby Limon to produce their No.1 Amber Limon and No.2 Camille’s Red vermouths. The No.3 [...]
London must be a launchpad for Britain’s global Fintech success March 1, 2021 The continuing impact of technology and the unprecedented changes it has had on our lives has only been accelerated by the Covid-19 pandemic. Over the past year, technology has been critical to our lifestyles. It has kept us connected with family and friends, enabled us to work from home, and to carry out those once [...]
Ministers ‘absolutely committed’ to securing future of Vauxhall’s Ellesmere Port plant March 1, 2021 Business secretary Kwasi Kwarteng has said that the government is “absolutely committed” to securing the future of car manufacturing at the Ellesmere Port plant in Cheshire. Over the last week, ministers have been in talks with the plant’s owners Stellantis over whether the company will develop its new Astra model at the plant. Stellantis – [...]
London regains top spot in Schroders’ Global Cities Index March 1, 2021 London has returned to the top spot in the Schroders’ Global Cities Index after scoring highly in its response to climate change in comparison to other cities in the index. This year, the index has introduced a transport score into the ranking, with a particular focus on mass transit systems. As a result, car-reliant Los [...]
Budget 2021: Sadiq Khan calls for funding guarantees for new police officers March 1, 2021 Sadiq Khan has called for Wednesday’s Budget to include specific support for London’s boroughs and a guarantee the capital will see funding for 6,000 new police officers. The mayor of London also asked the chancellor in a letter seen by City A.M. to extend a range of Covid support schemes – including the furlough scheme, [...]
Brits head back to the high street as roadmap out of lockdown boosts shopper numbers March 1, 2021 The number of shoppers on the high street jumped last week, as Brits learned the details of the Prime Minister's roadmap out of lockdown.
Credit Suisse halts redemptions on $10bn Greensill-linked funds March 1, 2021 Credit Suisse has suspended redemptions and subscriptions on a range of investments linked to the Softbank-backed finance firm Greensill Capital. Greensill Capital is the brainchild of former Citigroup and Morgan Stanley financier Lex Greensill and it employs former PM David Cameron as an adviser. Greensill specialises in supply-chain finance where businesses borrow money to pay [...]
Darktrace appoints former BT boss to board ahead of £4bn float March 1, 2021 Darktrace has appointed former BT chief executive Sir Peter Bonfield to its board ahead of a potential stock market float that could value the cybersecurity giant at £4bn. Bonfield has more than five decades of experience in the tech sector, including a six-year tenure as boss of the blue-chip telecoms giant. He currently serves as [...]
