New OBR chief says public debt sensitive to rate moves October 7, 2020 The new head of the UK’s budget watchdog has said the country’s public finances have become more sensitive to changes in interest rates because of a change in borrowing terms. However, Office for Budget Responsibility (OBR) board member Sir Charlie Bean said people should not think there is “great urgency” in closing the government’s budget [...]
London Cocktail Week: The events and takeovers keep coming October 7, 2020 London Cocktail Week has burst into life and the fun won’t stop as the festival continues for the rest of October. City A.M. takes a look at the best events, takeovers and bars that you shouldn’t miss. Access to all the events requires a London Cocktail Week wristband, priced at £15 – a bargain at [...]
Beyond Imagination: What’s next for the scandal-hit British chipmaker? October 7, 2020 Imagination Technologies this week confirmed the appointment of telecoms veteran Simon Beresford-Wylie as its next chief executive, marking a new chapter for the British chipmaker. The Hertfordshire-based tech firm has been no stranger to scandal in recent months, with MPs lashing out at the company’s ties to a major investor linked to the Chinese state. [...]
UK property firms refresh boardrooms to survive coronavirus crisis October 7, 2020 UK property firms have overhauled their leadership teams during the last six months as the sector grapples with the fallout of the coronavirus pandemic, according to the latest reserach. Boardroom changes at listed real estate firms have accelerated 46 per cent to 19 in the last six months, up from 13 executive changes during the [...]
Nicola Sturgeon slaps indoor booze ban on Scotland October 7, 2020 Nicola Sturgeon has banned the sale of alcohol indoors in Scotland’s hospitality venues for 16 days in a bid to curb a second spike in Covid. From Friday, hospitality venues will only be able to open indoors between 6am and 6pm, and will not be able to serve alcohol in these settings. Hospitality venues in [...]
FTSE 100 flat after Donald Trump ends US stimulus talks October 7, 2020 The FTSE 100 flatlined after US President Donald Trump abruptly ended talks between Republicans and Democrats over the next round of fiscal stimulus. London’s blue-chip index was just 0.06 per cent higher at 5,953.6 points as it approached midday. The FTSE 250 was up 0.17 per cent. Read more: US stocks fall after President Trump [...]
City workers committed to the commute despite PM’s working from home u-turn, TfL data shows October 7, 2020 City workers committed to the commute despite Boris Johnson's working from home u-turn, according to new Transport for London
Speculation mounts over further two weeks of Covid-19 restrictions in Scotland October 7, 2020 Speculation mounts about what a fresh Scottish Covid-19 lockdown could look like with the country’s pubs, bars and indoor attractions may be about to close. Fanning the flames has been a document reportedly from the Scottish government, first reported by Guido Fawkes, circulating on social media which suggests “applying a brake to the virus” between [...]
Sir Keir Starmer backs return of Arsenal mascot Gunnersaurus October 7, 2020 Sir Keir Starmer has thrown his weight behind sacked Arsenal mascot Gunnersaurus and called for his return to the club. A spokesperson for Starmer, an Arsenal season ticket holder, said today that the Labour leader was “disappointed” by the club’s decision to axe its iconic mascot and the man who plays him – Jerry Quy. [...]
Government ‘likely to miss’ 2025 full-fibre broadband target October 7, 2020 The government’s promise to provide full-fibre broadband to every home in the UK by 2025 is likely to be missed without sweeping reforms of telecoms policy, according to a new report. Prime Minister Boris Johnson made “levelling up” the country’s broadband provision a key part of his election manifesto and last year pledged £5bn to [...]
