Card Factory posts revenue growth thanks to store recovery and occasion boom May 3, 2022 Card Factory posted 28 per cent revenue growth this morning to £364.4m thanks to the steady recovery of stores following the easing of lockdown restrictions, alongside an online performance significantly ahead of pre-pandemic levels.
Finncap tops broker rankings amid intense market competition May 3, 2022 Mid-market advisory firm Finn Cap remains the top broker in the Broker AIM Client Rankings, despite losing nine customers.
Jefferies offers stipends to allow staff to adopt or go through surrogacy May 3, 2022 Investment bank Jefferies has upped the stakes in the war for talent by offering a stipend of around £20,000 to staff looking to adopt or to go through the surrogacy process. The firm said in an internal memo that it was “enhancing our wellness benefits” with the stipends, which would be available to all staff. [...]
Suspicion remains that Rathi is annoying all the right people at the FCA May 3, 2022 An industrial dispute at the City regulator is always going to make good copy for financial journalists, and this week’s planned strike at the Financial Conduct Authority is no different. Scratch a little deeper, though, and it appears Unite the Union’s industrial action is more student politics than the first signs of revolution in Stratford. [...]
Westminster has much to learn from the resilience of post-pandemic London May 3, 2022 Last week the City AM Awards 2022 were held in the Guildhall, the ancient seat of government for the City of London. There was an air of celebration, and many dinner jackets and evening gowns were being worn for the first time in months, if not years. There was unanimity on the message which everyone [...]
Swingers’ CEO: Offices splash cash on crazy golf with pent up budgets May 3, 2022 Corporate bookings have returned with a bang as bosses are eager to spend two years’ worth of social budgets, the CEO of Swingers said. The crazy golf chain has seen business come “roaring back” since Covid restrictions eased, co-founder Matt Grech-Smith told CityA.M. Work bookings make up 45 per cent of Swinger’s trade, its chief [...]
A withering trade relationship with Latin America should be restored for the planet May 3, 2022 Diplomats from across the world gathered at the Mansion House last week for the Easter Banquet – the first to be held since the pandemic – amid the escalating crisis in Ukraine. The occasion underlined how much the City of London is part of the UK’s diplomacy, its international influence and its soft power. It [...]
Green energy boom could be windfall for London insurers May 3, 2022 THE MASSIVE boom in energy projects required by a global shift twoards ‘net zero’ could double the London insurance market, according to a brokers’ body. The estimate of the amount of investment required in green energy to hit the zero emissions target by 2050 is around $5trn. Research by the London and International Insurance Brokers’ [...]
Investors brace for more US Federal Reserve and Bank of England rate hikes May 3, 2022 Traders in the City and Wall Street are this week bracing for their respective central banks to push on with more rate hikes in response to a historic inflation crunch on either side of the pond. The US Federal Reserve and Bank of England announce their next interest rate decision tomorrow and Thursday respectively. Both [...]
Exclusive: Londoners absorb heaviest national insurance hike hit May 3, 2022 Londoners have suffered the worst blow to their finances in the UK in the first month the national insurance hike has been in effect, reveals exclusive research shared with City A.M. today. Workers in the capital have absorbed a near £300m blow to their budgets from higher national insurance bills, the biggest jump in the [...]
