Buyers seek second homes in London to avoid countryside commutes October 4, 2021 Commuters facing the reality of daily journeys into the city are hunting for London homes with a renewed zest. Home buyers are eager to have their cake and eat it too, with some people having settled in the countryside now looking for second homes in the city. The number of new prospective buyers registering with [...]
‘PE to PE’ deals soar as firms rush to offload $2.3 trillion post-pandemic dry powder October 4, 2021 Private equity to private equity deals, whereby groups sell UK companies to each other, have jumped by 44 per cent in the past year, as firms rush to please investors and deploy capital accumulated during the coronavirus crisis. The number of so-called “PE to PE” deals increased by 44 per cent to 85 in the [...]
Interview: IoD’s new chief economist delivers damning verdict on Tory tax hikes October 4, 2021 After just a month or so into the job, the freshly appointed chief economist of the organisation that represents British business leaders is wasting no time in weighing in on the ails of the UK economy, shooting down one area in particular – tax. Kitty Ussher of the Institute of Directors (IoD) has slammed the [...]
UK talent pools will run dry without easier immigration October 4, 2021 The UK’s credentials as a leading global financial centre are undisputed. Our time zone, language, and regulatory system all contribute to this unrivalled status. Over the centuries the sector has combined tradition with innovation and shown openness and willingness to change and adapt. This has made the Square Mile an attractive arena with unique strengths [...]
Going for gold (and copper): Great Southern Copper plots £3.5m London IPO October 4, 2021 Copper-gold exploration company Great Southern Copper (GSC) has told City AM it is targeting a listing on London’s main market in the coming weeks, as it capitalises on copper’s central role in the growing electric vehicle (EV) market. GSC, which focuses on tier-one assets in the largest copper producer in the world, Chile, is seeking [...]
City tilts toward tackling climate change October 4, 2021 Over half of City firms have put climate change at the top of their list of priorities, compared to just a third last year. 59 per cent of UK financial institutions have made addressing climate change the key issue driving their strategic agenda, according to research by Lloyds Bank. One in three financial firms saw [...]
London markets look to put soggy week behind them October 4, 2021 Investors will be looking to put what was a soggy end to last week behind them today and kick off a fresh week in positive fashion. The FTSE 100 tumbled 0.84 per cent to 7,027.07 points last Friday as markets sweated over the global economic recovery from the Covid-19 crisis stalling after Wall Street registered [...]
Hospitality staff shortages: One in six jobs currently vacant October 4, 2021 One in six hospitality jobs are currently vacant while the government doubles down on not relaxing immigration rules to ease labour shortages. The Prime Minister said on Sunday that he would not “pull the lever” of more immigration in the short-term to stop lorry driver shortages while ministers have ruled out extra visas for restaurants. [...]
Exclusive: Chronic HGV driver shortage to persist as successful tests plummet October 4, 2021 The chronic shortage of HGV drivers plaguing the UK economy will not end anytime soon, according to exclusive data obtained by City A.M.. Some 16,000 people passed their HGV vocational driving test this year, down from the annual average of 42,000 in the previous five years. The depressed levels of people passing their HGV test [...]
Editorial: Time for substance not soundbite at Tory conference October 4, 2021 We are, somewhat extraordinarily, about halfway through Boris Johnson’s first term in office. Most Westminster watchers expect an election in 2023 to be at least likely, if not probable. And yet we remain largely unclear about what the administration stands for, and what the PM is trying to achieve with the office that he has [...]
