Zahawi: Energy price cap rise will cause ‘stress and anxiety’ August 26, 2022 Chancellor Nadhim Zahawi has acknowledged today’s 80 per cent price cap rise will cause “stress and anxiety” as campaigners urge the government to take action. In a move that will concern millions of Brits, this morning it was announced by Ofgem the energy price cap will rise to £3,549 per year from October. The rise [...]
City Moves: Who’s switching jobs in the Square Mile this week? August 26, 2022 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. Chestertons London’s oldest estate agency Chestertons has recruited a fresh head of sales to oversee the firm’s 31 branches. Matthew Thompson, who launched his career at Foxtons, brings over 15 years’ experience in London’s property markets. The [...]
Elrond listed with Revolut as it seeks exposure to 20 million customers August 26, 2022 Elrond’s EGLD token has been added to the list of cryptocurrencies available on Revolut, exposing it to 20m customers.
A global food crisis could spell a bigger catastrophe than Vladimir Putin’s war August 26, 2022 You always knew you had reached an intellectual dead end when foreign policy grandees sat around a table and recommended sanctions as an all-purpose answer to any problem. While such an initiative almost never practically worked in terms of changing the policy of the offending country, it made political sense in a Washington sort of [...]
Giving up on net zero could cost the Tories an election August 26, 2022 Energy prices are rising to record levels, and households are understandably worried about how they’re going to pay their energy bills. Some opponents of the net zero target have used this as an opportunity to blame green policies for an increase in global energy prices, despite it being clear that high gas prices are the [...]
Letters: Scale-up our scale-up visas August 26, 2022 [Re: From crypto to talent, smarter rules for the City will help an economic recovery, yesterday] There has been a lot of discussion about scale-ups laying off staff due to market turbulence and over-hype over the last couple of years. Whilst this is the case for some, for many of us, we have significant growth [...]
Bank Holiday weekend: Motorists urged to plan ahead as 12.5m trips expected August 26, 2022 Bank Holiday weekend traffic warnings have been issued with motorists urged to plan ahead as 12.5 million trips are set to take place. According to figures published today by the RAC, Friday will be the be the busiest day, with 4.3 million trips planned, followed by Saturday’s 2.3 million and then Sunday and Monday’s 1.3m [...]
Nadhim Zahawi: The next PM will have ready-made options for the energy crisis August 26, 2022 The next Prime Minister will be able to hit the ground running to help people as the cost of living crisis worsens.
Indecision over Nexperia takeover review risks hurting UK semiconductor industry, Paragraf warns August 26, 2022 The government’s failure to complete the security review of Nexperia’s takeover of Newport Wafer Fab risks hurting the UK’s semiconductor industry, CEO of British semiconductor startup Paragraf told City A.M. “Not making the decision is more damaging than making the wrong decision sometimes,” Simon Thomas said. Thomas described the looming national security review as the [...]
EP: 158 Goodwood, Beverley & Newmarket August 25, 2022 The Celebration Mile held at the beautiful Goodwood racecourse has attracted a small field of four runners this weekend, whilst Beverley host their annual Beverley Bullet meeting. Already a classic winning trainer, George Boughey is our special guest today discussing the chances of Hoo Ya Mal who will be a hot favourite in the March [...]
