Exclusive: Experian heavyweight on why most UK companies fail to capitalise on valuable data February 21, 2022 Quality data proves critical to business performance but most business are not able to capitalise on data, an executive at consumer crediting reporting giant Experian has told City A.M. City-based Andrew Abraham, global managing director for data quality at Experian, said that “the last year has tested every industry, with a new requirement for business [...]
City watchdog FCA looking to hire hundreds of new staff to get grip on consumer credit market February 21, 2022 The financial services watchdog is recruiting for a number of senior roles in a push to expand its oversight and supervision of the City’s credit space. The Financial Conduct Authority, based in Stratford, is looking for a lead supervisor for credit and debt as well as a director for consumer finance. In the publicly available [...]
Storm Franklin LIVE: Brits told to stay at home * Parts of tube suspended * Motorways closed * Emergency evacuations February 21, 2022 Storm Franklin so far this morning: Brits urged to stay at home Parts of London Overground suspended Multiple emergency evacuations across the UK Some motorways in Northwest closed Emergency 50mph speed restrictions introduced Train operators ihave ssued ‘a do not travel’ warning Train operator Northern has suspended ALL services in north-west England until further notice [...]
While looking for Brexit opportunities: Jacob Rees-Mogg profits directly from Chinese pharma and Russian gas investments February 21, 2022 The government’s new minister for Brexit opportunities, Jacob Rees-Mogg, is directly profiting from significant investments in a pharmaceutical company in China as well as a Russian gas company, according to reports. Somerset Capital, in which Rees-Mogg holds a 12 per cent stake, reportedly invested £5.7m on behalf of clients in a company that potentially faces [...]
Brits told to stay at home and commuters urged not to travel today as storm Franklin reaches the UK February 21, 2022 Brits are urged to stay at home while train operators have warned customers to “avoid travel if possible” today as services are expected to be paralysed by gale-force winds and lashing rain. National Rail has warned anyone making essential journeys once services resume to expect “major disruption” to routes “across most of Great Britain” – [...]
Biden agrees to meeting with Putin while 7,000 more Russian troops arrive on border with Ukraine February 21, 2022 US president Joe Biden has agreed “in principle” to a meeting with Vladimir Putin, provided Russia holds off on what American officials believe is an imminent assault on Ukraine. White House press secretary Jen Psaki said the US administration has been clear that America is “committed to pursuing diplomacy until the moment an invasion begins”. [...]
Disbelief Home Office is scrapping ‘Golden visas’ for wealthy foreign as scheme raked in £17bn February 21, 2022 Industry experts have responded with disbelief to last weeks’ news that the Government is set to scrap a visa scheme that offers investors fast-track residency in the UK as ministers come under mounting pressure to sever economic ties with Russia. The fast-track investor scheme, introduced in 2008, was designed to tempt wealthy investors from outside [...]
Boris Johnson to fly out to Munich today as tensions between Russia and Ukraine refuse to ease February 19, 2022 Prime Minister Boris Johnson is set to join senior Government ministers at a major security conference in Munich today amid rising tensions between Russia and Ukraine. It comes as the UK warned the crisis in the region is at a “critical juncture”, with Russia accused of “manufacturing a pretext” for launching an attack. At a [...]
Saturday sitdown: Whistle king Simon Topman on surviving two world wars and a global pandemic February 19, 2022 With businesses around the world managing the Covid pandemic and each facing their own set of challenges, City A.M. caught up with Simon Topman, managing director of 150-year-old ACME Whistles, to blow the whistle on how this pandemic has differed from two world wars and other global disasters. Since inventing and making the first ever [...]
London house hunters face fierce bidding wars as property market set to become hyper-competitive February 19, 2022 House hunters wanting to buy a property in London this year are likely to face more competitive market conditions than in 2021. Since January, 51 per cent more buyers have entered the market and 35 per cent more property viewings took place compared to January last year, according to data from estate agency Chestertons. This [...]
