AA: Fuel shortages hit the capital hardest as Londoners charge to nearby pumps September 30, 2021 The fuel shortages that have gripped the UK have hit London the hardest, according to the president of breakdown cover company AA. With stacking queues and empty pumps, it appears Londoners and those in the South East were the worst for panic buying. “In general terms London and the Southeast have been hit hardest and [...]
City Moves: Who’s switching jobs in the Square Mile today? September 30, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. GAM GAM Investments has hired a former BlackRock Director for its newly created role of Head of Global Consultant Relations. Reporting to Global Head of Institutional Solutions Jill Barber, incoming lead Mary Murphy will help build strategic [...]
COP26: Standardising climate reporting could slash pension scheme cash burden September 30, 2021 Standardising climate-related reporting could “considerably” slash the cash burden for pension schemes, the Work and Pensions Committee has said. Calling on the UK to up its leadership on fossil fuel-investing pension funds ahead of COP26, the Committee has urged the Government to encourage other countries to make their local pension schemes disclose their climate-related financial [...]
BDO: Hybrid working could bring a needed boost social mobility September 30, 2021 Hybrid working could boost social mobility in the UK, according to new research, as young people from disadvantaged backgrounds favour the pandemic-era model more than those who are wealthier. Over a third of those surveyed from lower-socioeconomic environments think hybrid working can give them a better work-life balance, 10 per cent more than 16 to [...]
Igloo, Symbio, ENSTROGA: Three energy firms collapse in one day September 29, 2021 Three energy firms have collapsed today, leaving some 233,000 customers awaiting a new supplier. The suppliers – Igloo Energy, Symbio Energy and ENSTROGA – join a string of other smaller energy companies that have been battling the weight of record high gas prices, according to energy regulator Ofgem. Ofgem will appoint the customers of the [...]
Government wrangles reserve fleet of military drivers to deliver fuel amid crisis September 29, 2021 The fuel crisis has pushed the government to call in military assistance, wrangling a reserve fleet of tanker drivers to deliver fuel as forecourt’s ran dry over the weekend. “I can confirm the government’s Reserve Tanker Fleet will be on the road this afternoon to boost deliveries of fuel to forecourts across Britain. The trucks [...]
Patel to delay Mike Lynch extradition as she pauses US fraud charges September 29, 2021 The Home Office has delayed the extradition of British businessman Mike Lynch, which means he will temporarily avoid a string of fraud charges in the US. Lynch, who founded software firm Autonomy, is reportedly allowed a two month reprieve on his charges of 17 counts of fraud from US prosecutors relating to Automony’s billion-pound sale. [...]
City of London elects Vincent Keaveny as next Lord Mayor September 29, 2021 The City of London’s next Lord Mayor, who acts as a global spokesperson for the business hub, has finally been named. Vincent Keaveny has been elected today as the 693rd Lord Mayor of the City, who will step into the role on November 12. During his upcoming one-year term, Keaveny is set to lead business [...]
SSE Renewables jumps into Japanese offshore wind with $208m stake September 29, 2021 SSE Renewables has jumped into Japan’s offshore wind farm market with a $208m joint venture with local renewables company Pacifico Energy. The alliance will see the energy firm’s develop offshore wind energy projects in Japan, as the country seeks to become net-zero by 2050. SSE shares dipped 0.5 per cent to 1,586.5p in its afternoon trading. [...]
City Moves: Who’s switching jobs in the Square Mile today? September 29, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Lloyds Bank Lloyds Bank has appointed a new Regional Director for its London SME and mid corporate team, a role focused on bolstering businesses in the capital. With more than 15 years’ experience in financial services, Becci [...]