Exclusive: Home improvement boom gives SME construction a 35 per cent lockdown boost September 9, 2021 The home improvement boom experienced during three strict lockdowns has led to a 35 per cent increase in sales for SMEs in construction, according to new data that was shared exclusively with City A.M. today. Figures from almost a quarter of a million invoices recorded by 915 trade SMEs has shown that the average invoice value [...]
I am so sorry: Exiled president Ashraf Ghani apologises to people of Afghanistan September 9, 2021 Former Afghan President Ashraf Ghani, who fled Kabul as Taliban forces reached the outskirts of the city last month, apologized on Wednesday for the abrupt fall of his government but denied that he had taken millions of dollars with him. Watch the full report.
Exclusive: City investors increasingly pay attention to ESG reporting and transparency September 8, 2021 Professional investors in the City and across the UK are expecting a greater focus on Environmental, Social and Governance issues in small and micro-cap companies, according to new data that was shared exclusively with City A.M. today. Just over 87 per cent of all investment managers MBH Corporation spoke to said they believe the focus [...]
Watch as thieves dress up and make off with £10m worth of Bulgari jewels September 8, 2021 Thieves struck a Bulgari store on Paris’s plush Place Vendome, making off with nearly £10m-worth of jewels. They were dressed in smart suits to pass as customers. Watch the full report.
Boeing board faces shareholder lawsuit over two fatal 737 MAX crashes September 8, 2021 A Delaware judge has ruled that Boeing’s board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Watch the full report.
Exclusive: Haulage firm insolvencies highest since January 2019 as Brexit and driver shortages bite September 8, 2021 June 2021 saw 31 haulage firm insolvencies, the highest in a single month since January 2019 as Brexit and driver shortages bite, according to data from Tower Bridge-based audit firm Mazars that was shared exclusively with City A.M. this afternoon. The fall in shipments between the UK and EU and between Great Britain and Northern Ireland since Brexit has [...]
Tax hike: National Insurance increase likely to trigger redundancies once furlough ends September 8, 2021 With the furlough scheme being withdrawn at the end of this month, the increase in National Insurance will make the cost of keeping jobs more expensive for employers, tax experts and accountants told City A.M. today. Yesterday, Brits were told they will be hit with £12bn-a-year tax rises to pay for increases in NHS and [...]
Exclusive: UK named world’s third best regulatory base, ahead of US and EU September 8, 2021 The UK is the world’s third best jurisdiction for multinational companies to base subsidiaries or ‘entities’ from a governance and regulatory standpoint, according to new research shared exclusively with City A.M. this morning. Singapore takes the top spot, followed by Australia while Kazakhstan came out as the most complex country out of over 160 jurisdictions [...]
Exclusive: Share price drops and less access to capital loom if supply chain issues persist, City insiders warn September 8, 2021 Investment managers in the City and across the UK warn that companies without sustainable supply chains will attract less investment and see share prices fall, according to a new report shared exclusively with City A.M. this morning. Nearly 85 per cent of investment managers believe that businesses who do not fix supply chain sustainability initiatives [...]
Exclusive: National Insurance hiked by 135 per cent in 20 years, much faster than any other tax September 7, 2021 The government announced a new Health and Social Care Levy earlier today, which will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022. So how often are NICs used to pay for government investments and additional public spending? City A.M. studied the last twenty years. Tax receipts from [...]
