EU financial services chief warns of long road ahead for UK-EU equivalence deal February 12, 2021 The EU’s financial services chief has warned the UK that “there cannot be equivalence and wide divergence” in financial regulation as the battle over the City’s future relationship with the bloc heats up. Mairead McGuinness also confirmed fears held by many in the City that the EU would demand to know the UK’s future regulatory [...]
Flutter: Gambling industry is listening, and responding, to addiction concerns February 12, 2021 This week sees the close of the Gambling Commission’s consultation on customer interaction, which includes proposals to set stricter affordability assessments for UK online punters. It is an important issue for anyone with a view on gambling and will be a significant part of the Government’s review into the Gambling Act which is currently calling [...]
London should double down in its commitment to arriving Hongkongers February 12, 2021 London has a global responsibility to stand up for Hong Kong – for the autonomy of its people
Hongkongers will enrich the UK – and we must make their transition as smooth as possible February 12, 2021 Today is Chinese New Year, marking the beginning of the Year of the Metal Ox. This particular year, the theme of new beginnings will resonate strongly with thousands – as the UK Government’s decision to allow Hong Kong residents to come to the UK looks set to create fresh starts for upwards of 300,000 people, if not more. This is by no means [...]
City Spirits: Champagne and Cognac the perfect recipe for Valentine’s Day February 12, 2021 Several years ago, Joel Harrison and Andy Silvester met in a south London pub discussing lower-league football. Fast forward, and Joel is now the co-author of several books on spirits and one of the world’s leading booze writers and creative consultants, and Andy Silvester is City A.M.’s Acting Editor – with a penchant for cocktails and London’s [...]
Demand for streaming service helps narrow Disney’s losses February 11, 2021 Disney’s nascent streaming platform has helped to offset some of the impact of the pandemic on its wider entertainment business. The House of Mouse beat analysts’ expectations posting $16.25bn in overall revenue down from $20.86bn in the previous quarter. Disney’s parks, experiences and products segment have been closed since the second quarter and predicts additional [...]
Standard Life Aberdeen set for name change after deal with Phoenix Group February 11, 2021 Standard Life Aberdeen is set to sell its flagship brand to Phoenix Group, a significant revamp of one of the City’s biggest asset managers. The fund manager’s new chief executive Stephen Bird, who joined last year, is on the brink of agreeing a deal to sell the Standard Life name, according to Sky News. The [...]
BBC World News banned in China in broadcast retaliation February 11, 2021 BBC World News has been banned from airing in China in an apparent act of retaliation after the UK withdrew the licence of the country’s state broadcaster. China’s National Radio and Television Administration (NRTA) today said it was pulling the service off air due to “serious content violations”, CGTN reported. The regulator claimed the BBC [...]
Sadiq Khan is yet to meet half of his 2023 housing target February 11, 2021 Sadiq Khan has started less than half of the affordable houses he promised to build by 2023, new figures have revealed. Khan was given £4.82bn in 2016 by central government to build 116,000 affordable homes by 2022, however figures from the Greater London Authority show City Hall has only begun 56,239 as of December. The [...]
Big tech must do more on financial fraud, Starling boss says February 11, 2021 The chief executive of Starling Bank, Anne Boden has accused social media platforms of supporting financial fraudsters. “A vast number of people in the world at present are being scammed… some of that scamming is being supported by big tech because they’re hosting these scams,” Anne Boden said. “The world is moving faster and [...]
