JP Morgan to lift pandemic office capacity caps in London July 14, 2021 JP Morgan will soon lift its 50 per cent capacity cap for its Canary Wharf office as pandemic restrictions are lifted next week. Employees will still be required to wear masks in common areas and complete health checks, as reported by Financial News. The US investment bank’s return-to-office task force said in an internal memo: [...]
Sharpest inflation increase since 2008 fails to drive Bitcoin demand July 14, 2021 The crypto markets are down again today, with both Bitcoin and Ethereum prices falling to levels not seen since late June.
Tory MPs call for rethink of party’s stance on taking the knee July 14, 2021 Senior Tory backbench MPs have called for a change of attitude from their party over taking the knee in the wake of a racism row with English footballers. Former Brexit minister Steve Baker said the fallout from racist abuse received by three black English players should be a “wake-up call” to the Tory party over [...]
French tycoons plot media buying spree with €250m blank-cheque firm July 14, 2021 Two of France’s best-known business figures have teamed up to launch a new blank-cheque firm that will target deals in the media and entertainment industry. The holding companies of billionaire Francois Pinault’s family and banker Matthieu Pigasse today announced the launch of I2PO, a special purpose acquisition company (Spac) that will list in Paris. The [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 14, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Irwin Mitchell poaches Slater & Gordon employment lead London law firm Irwin Mitchell has poached another Slater & Gordon lead this week as a new partner who will be based in its Holborn office. Deborah Casale, [...]
Aviva warns government on building safety hit to UK property market July 14, 2021 Aviva warns the government that institutional investors could be scared away from the UK residential property market because of its new safety proposals for high-rise buildings, prompted by Grenfell. The UK insurer asked the government to consider how its new “Building Safety Bill” would financially affect their owners last year in a letter in November [...]
Fees rise as Big Four still dominate FTSE 100 audits market July 14, 2021 Long-standing plans to increase competition in the auditing market appear to have been delayed slightly longer, as the Big Four accounting firms continue to dominate. The Financial Reporting Council (FRC), the regulator for auditors, said that KPMG, EY, Deloitte and PwC audited all FTSE 100 companies in a roughly even four-way split. Government-backed reviews had [...]
Liquid Diamond: The only wine celebrating National Emoji Day July 14, 2021 This Saturday 17 July is National Emoji Day – a holiday that celebrates and validates our obsession with the graphic icons invented by Japanese designer Shigetaka Kurita in 1999. This may seem entirely unrelated to the world of oenology, but at least one viticulturist is blending smiley faces, love hearts and thumbs ups with their [...]
Macfarlanes to pay new solicitors £100,000 as salary war grips the City July 14, 2021 Macfarlanes to pay new solicitors £100,000 as salary war grips the City
UK house prices swell 10 per cent year-on-year July 14, 2021 The average price for a home has swelled 10 per cent, according to official data today, as house price inflation continues. London’s homeowners however might not feel the benefit, with prices jumping just 5.2 per cent in the year to May, the Office for National Statistics (ONS) said. Property prices in the capital have the [...]
