Kwarteng: No grants to energy big boys to take on more customers September 24, 2021 GRANTS to larger energy firms to absorb new customers are “categorically” off the table, the business secretary told MPs yesterday. Speaking in the House of Commons, Kwasi Kwarteng said that there was an existing process to deal with customers of energy firms that collapsed, the supplier of last resort. When a firm fails, customers are [...]
Exclusive: Business bookings up two-thirds as Eurostar gears up for recovery September 24, 2021 Eurostar’s boss hailed the return of the business market as new figures showed a significant uptick in September bookings. Business travel was up 62 per cent in the first two weeks of September on the fortnight before, as a gradual loosening of travel restrictions and the return of in-person meetings drove increased passenger numbers. Jacques [...]
City Moves: Who’s switching jobs in the Square Mile today? September 24, 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. BNP Paribas Asset Management BNP Paribas Asset Management (BNPP AM) has hired Maya Bhandari as Global Head of Multi-Asset, who will join the firm at the beginning of November. Based in the capital, Bhandari will report [...]
The long shadow of Merkel: Germany has a future of delay and gridlock September 24, 2021 The German public have a deep-seated, if misplaced, love for Angela Merkel. It centers around the notion that mutti (or “mommy”, as the Germans somewhat creepily call her) managed, through the skillful use of tactics, to keep many of the perils of her age away from placid Germany. Merkellism’s reliance on managing crises rather than [...]
Virtues of City life hide high-functioning eating disorders in our boardrooms September 24, 2021 Imagine being sat in a conference room with 100 people, picture their faces, their jobs, the conversations that you might have had with some of them, the ones that maybe you had your eye on to network with. Statistically out of that one hundred people in that room, sixteen people will at some point have [...]
Priti Patel’s encryption war is a master key for surveillance September 24, 2021 Priti Patel has put encryption in her sights. The Home Secretary has backed a campaign to prevent Facebook rolling out end-to-end encryption across its many platforms, accusing secure messaging sites of harbouring pedofiles. Patel wants a back door to privacy. This month, the Home Office launched a new fund to combat child sexual abuse material [...]
IoD: Higher wages will stoke inflation September 24, 2021 The chief economist of the Institute of Directors (IoD) has predicted severe worker shortages plaguing the UK economy will trigger a sharp rise in prices. Kitty Ussher, chief economist at the IoD, told City A.M. she expects “a step-change in wage rates for high-demand skills that will put upward pressure on prices in the short-term.” [...]
Anxiety about soaring living costs weighs down UK consumer confidence September 24, 2021 Intense anxiety about sharp rises in the cost of living is weighing down Brits’ confidence levels, according to fresh data published today. Consumer confidence in the UK slid five points to minus 13 in September, driven by Brits sharpening their focus on the spectre of inflation and tax hikes looming over their living standards. Empty [...]
The long shadow of Merkel: Germany has a future of delay and gridlock – CityAM : CityAM September 24, 2021 The German public have a deep-seated, if misplaced, love for Angela Merkel. It centers around the notion that mutti (or “mommy”, as the Germans somewhat creepily call her) managed, through the skillful use of tactics, to keep many of the perils of her age away from placid Germany. Merkellism’s reliance on managing crises rather than [...]
Uber calls for ride-hailing rivals to offer cross-industry pension September 24, 2021 Seven months after a long-running legal battle between Uber and its UK drivers culminated in the Supreme Court ruling that its drivers are workers and not self-employed, Uber has from today begun rolling out its pension plan to its 70,000 people shuttlers. The ride-hailing app said its drivers would be auto-enrolled in a new scheme [...]
