Boris Johnson must follow his own ‘data not dates’ advice and reopen the economy faster April 16, 2021 As few will need reminding, this week marks a crucial milestone for our hospitality sector and our social lives as beer gardens, high streets and outdoor areas open to customers once more. It is uplifting to see our city opening up again, as revellers this week in Soho, London Bridge and Clapham Common will testify. [...]
Live events: UK to launch pilot insurance scheme as part of sport and culture reopening April 14, 2021 Live events: UK to launch pilot insurance scheme as part of sport and culture reopening
Silicon Roundabout: What will London’s tech hub look like after lockdown? April 1, 2021 The cluster of tech companies in East London, also known as Silicon Roundabout, was largely born out of the last financial crisis after soaring rents pushed companies out. This time round the fate of East London may look a little different as tech companies make remote working the norm. Remote working is here to stay [...]
The greatest gift Ever Given: Why we all loved the Big Boat stuck in the Suez April 1, 2021 In a world of extraordinary complexity, at a time of enormous uncertainty, a big boat stuck in the Suez Canal took us back to a simpler time. “The greater our knowledge increases,” said John F Kennedy in the speech that launched the US space programme, “the greater our ignorance unfolds.” So it proved to be. [...]
From coal to hydrogen: an old mode of transport that’s back in fashion April 1, 2021 MyStory: In the second in a new series of stories about looking beyond profit, Schroders’ Nicholette MacDonald-Brown explains how French train manufacturer Alstom changed its spots. In the early twentieth century rail was a dirty business, burning coal and competing with other transport on the basis of speed, price and luxury. Pollution wasn’t a factor. [...]
We must help grassroots sport clubs at risk of collapsing April 1, 2021 While kids across the country could barely contain their excitement this week with the resumption of grassroots sport, the sad reality is that many local community clubs which bring opportunity, escape and structure to the lives of young people are on the brink of financial collapse. Over the last year, young people have felt the [...]
What 175 years of data tell us about house price affordability in the UK March 29, 2021 What we’ve learned from nearly 200 years of housing data – and is property really a better investment than a pension? We dug into the treasure trove that is the Bank of England’s Millennium of data resource to analyse the history of house prices. We found that the average house in the UK currently costs more than [...]
Private markets: the quest for diversification March 25, 2021 By Nalaka De Silva, Investment Manager, Aberdeen Diversified Income and Growth Trust plc Institutional investors have long thought of private markets as a way to boost returns. But the recent challenging economic conditions have further enhanced the role that private market investments can play in portfolios. In particular, investors are now relying on private markets [...]
Covid-19, a year on: How Big Pharma reinvented itself March 25, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. Six years ago, pharmaceutical chief executive Martin Shkreli drew international condemnation when his [...]
Cineworld plunges to $3bn loss as screen closures continue March 25, 2021 Cineworld announced this morning that it has secured $213m (£155.6m) bond from investors to help with reopening costs as it revealed it plunged to a $3bn loss last year. The cinema chain posted a loss after tax of $2.65bn in the year ended 31 December, compared to profit of $180.3m in the previous year. Revenue [...]