Labour turns up pressure on Rishi Sunak over his role in Greensill Capital scandal April 13, 2021 Labour is calling for Boris Johnson to conduct a more thorough inquiry into the David Cameron lobbying scandal, with Anneliese Dodds today also calling for Rishi Sunak to answer questions over his contact with Greensill Capital. The shadow chancellor criticised Sunak for not answering questions in parliament today about how Greensill Capital was allowed to [...]
Former BP boss Lord Browne joins private equity firm General Atlantic April 13, 2021 Former BP boss Lord Browne has today joined private equity firm General Atlantic to advise it on environmental and social issues, including the road to net zero. The New York firm said that Browne would work with the firm to “find new ways to invest in climate solutions, and help develop corporate strategies for addressing [...]
Andy Haldane quits Bank of England to become chief executive of the RSA April 13, 2021 The Bank of England’s chief economist Andy Haldane will leave the bank to become chief executive of the Royal Society of Arts. After three decades at the central bank and seven years as chief economist, Haldane will succeed Matthew Taylor CBE who announced his intention to step down in December. “I have loved my 30 [...]
The uncomfortable question for Tottenham and their manager: What is Jose Mourinho for? April 12, 2021 “He’s a specialist in failure,” Jose Mourinho said of Arsene Wenger in February 2014. In seven years since, Mourinho has won fewer trophies than Wenger – if, as the Tottenham Hotspur manager likes to, you count the Community Shield – and his old adversary left the dugout three seasons ago. For a coach who has [...]
The Week Ahead: Tesco, Coinbase IPO, JD Sports, JPMorgan, Goldman Sachs April 12, 2021 Some of the biggest banks are set to report earnings this week, with JPMorgan, Wells Fargo and Goldman Sachs all due on Wednesday. On a macro level, Tuesday’s UK GDP figures and inflation data from the US are undoubtedly going to be important. Meanwhile, the largest US cryptocurrency exchange, Coinbase, goes public. City A.M. looks at [...]
Pub time: What Londoners and people across the UK can and cannot do from today April 12, 2021 Londoners can look forward to getting a round in for the first time in months today. Pub gardens and restaurants with outdoor dining are preparing for a surge of customers as lockdown eases, prompting Boris Johnson to urge the nation to “behave responsibly”. While the English are the only ones looking forward to a pub-pulled [...]
Boris Johnson urges people to ‘behave responsibly’ as pubs open tomorrow April 11, 2021 Boris Johnson has urged people to “behave responsibly” as thousands of pubs across England are set to open their doors tomorrow. Covid restrictions will be eased for large parts of the economy tomorrow, with non-essential retail, hairdressers, beauty salons, gyms and outdoor hospitality allowed to reopen in London after four months of forced closure. However, [...]
David Cameron ‘accepts’ contact with government should be done through ‘formal channels’ April 11, 2021 David Cameron has broken his silence on his role in lobbying the government on behalf of failed Greensill Capital, saying he “accepts” communication with the government “needs to be done through only the most formal of channels”. Cameron, who was a senior adviser at Greensill, denied any wrongdoing and said “I was breaking no codes [...]
Greensill lobbying row: Matt Hancock ‘had private drink’ with Cameron and Lex Greensill April 11, 2021 Matt Hancock met former PM David Cameron and financier Lex Greensill for a “private drink” in which the pair lobbied the health secretary to introduce a payment scheme that was later offered by the NHS. The “private drink” took place in October 2019 and the trio were joined by Bill Crothers, the former head of [...]
COP26: Is the City ready for its leading role in the fight against climate change? April 10, 2021 Windows were smashed at Barclays headquarters this week by climate activists who urged the bank to cut its climate destructive investments. Last week campaigners painted the Bank of England (BoE) black in a bid to raise the alarm on the institution’s funding of Big Oil. Where money goes within the City is under more scrutiny [...]