Valentine’s Day: The stocks and companies that have stolen City fund managers’ hearts February 14, 2022 As it is Valentine’s Day, City A.M. checked in with several City-based fund managers to reflect on the investments that have stolen their hearts in recent times. For Ken Wotton, co-manager of the LF Gresham House UK Multi Cap Income Fund, Smart Metering Systems (SMS) stands out. The company installs and operates smart meters and [...]
City Lights: Interactive light and sound installations light up Square Mile February 14, 2022 This week the City of London’s historic streets and iconic buildings can be seen in a dramatic new light through a Square Mile-wide series of innovative and interactive sound and light installations, City A.M. was told today. City Lights, a new instalment in the Mayor of London’s ‘Let’s Do London’ programme, offers visitors a free [...]
Former UK ambassador in Nepal found dead in forest while working on Govt Covid task force February 14, 2022 Britain’s former ambassador in Nepal was found dead in a forest vanished from his home after suffering extreme stress while working for the Government’s Covid taskforce at the height of the pandemic, an inquest has heard. Richard Morris worked long hours under high pressure, helping co-ordinate briefings to ministers at a time when the UK [...]
Valentine’s day: Money can buy love as one in three Brits break up when partner goes broke February 14, 2022 They say you can’t put a price on love, but a new study would seem to suggest otherwise, with one in four Brits saying that financial responsibility is the most attractive trait in a partner, above looks or personality. According to new research conducted by digital wealth manager, Moneyfarm, 42 per cent of the UK [...]
Exclusive: What the departure of Lloyd’s of London would mean for the City February 14, 2022 Lloyd’s of London may be leaving its gigantic headquarters in the City. A pandemic-induced hit to office footfall has left it mulling a move to another location. The company told City A.M. recently it is weighing up leaving iconic headquarters’ as it seeks out ways to adapt to shifts in working habits brought about by [...]
Unprecedented: UK petrol prices hit staggering 148p per litre for the first time ever February 14, 2022 The average UK petrol price per litre has surpassed 148p for the first time ever, breaking the record price levels for the third time this year.
Exclusive: Business tax reliefs jump to record £94bn as number of available reliefs grows to 57 February 14, 2022 The value of tax reliefs claimed by UK businesses reached a record £93.7bn last year, up another 5 per cent from the £89.3bn claimed the year before, according to new data shared exclusively with City A.M. today. The growth in the value of business tax reliefs claimed has been driven by the rise in the number [...]
Potential breakthrough as West may concede to Putin: Ukraine to drop NATO to avoid war with Russia, says diplomat in UK February 14, 2022 Ukraine may consider dropping its ambition to join NATO to avoid war with Russia, its country’s ambassador in the UK has suggested. Vadym Prystaiko told BBC Radio 5 that the country would, due to threats and blackmail, consider “serious concessions” including removing the goal of joining the NATO alliance from the Ukrainian constitution. It comes [...]
Covid fraud fiasco widens as plans to recover £6bn are slammed as ‘soft HMRC is rewarding the unscrupulous’ February 14, 2022 In a report published late on Friday, Parliament’s cross party Public Accounts Committee says “HMRC’s unambitious plans” for recovering a total of £6bn it estimates it spent incorrectly in Covid-19 support payments – whether through fraud or mistakes – could lead to government writing off billions of pounds in taxpayers’ money. The PAC said this “risks rewarding the [...]
Hormone-treated beef from Canada to flood UK food chain under CPTPP deal, British farmers warn February 14, 2022 Canada is pushing for hormone-treated beef to be made available across the UK once Britain joins the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). According to the National Farmers Union, the deal would “severely undermine British farmers” and lower the quality of meet sold across the UK. CPTPP – a trade deal among a [...]
