Shakespeare: Spoons set to enjoy post-lockdown rush April 7, 2021 Tim Martin, the founder and chairman of the pub chain JD Wetherspoon, has outlined the company’s plans to invest £145 million in expanding and upgrading its pub estate. Over the next 12 to 18 months the 75 planned projects would establish 18 new pubs, upgrade and extend 57 of its existing pubs, and create 2,000 [...]
Cheers: Marston’s prepares to reopen 700 pubs from Monday April 7, 2021 Marston’s is preparing to open around 700 pubs with beer gardens from Monday, when restrictions will be lifted to allow outdoor trading. The pub chain confirmed this morning that around 70 per cent of its managed and franchised pubs in England with outdoor spaces will welcome back punters on or around 12 April. The majority [...]
Women of the City: Joanne Hannaford at Goldman Sachs April 7, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Joanne Hannaford, head of engineering in EMEA and head of regulatory [...]
Net zero front and centre in G7 meeting hosted by Sunak April 6, 2021 Chancellor Rishi Sunak chaired a meeting with his G7 counterparts today, where the importance of achieving net zero emissions targets were the main focus of discussion. The meeting, which Sunak hosted alongside Bank of England governor Andrew Bailey, will be the first in a series taking place this week. In a statement the Treasury said: [...]
Retailers prepare to reopen doors as shoppers look forward to returning to high street April 6, 2021 Retailers are preparing to reopen their doors next week after months of closure, with many consumers looking forward to returning to the high street. Research published this morning showed that 84 per cent of Brits said they are likely to visit their local high street or shopping centre next week, after non-essential stores reopen on [...]
Sunak questioned over Greensill Capital’s links to Covid loan scheme April 5, 2021 Greensill Bank clients get $3bn payout as Labour puhes for tighter lobbying rules after David Cameron lobbying probe
Bank of England targeted by Extinction Rebellion activists April 1, 2021 Climate activist group Extinction Rebellion has this morning targeted the Bank of England, spraying the building with fake oil. The demonstrators were protesting investments in fossil fuels, accusing the Bank of “funding destruction in a climate crisis”. Activists, some dressed as jesters, sprayed the dye at the building, known as “the Old Lady of Threadneedle [...]
Moelis gives young bankers a $10,000 allowance to ‘improve mental health’ April 1, 2021 Young investment bankers working at Moelis & Co will receive a $10,000 payment in a bid to improve their mental health after a gruelling year. The boutique investment bank told employees from analyst level up to executive directors would receive a $5,000 payment followed by $2,5000 instalments to be spent on health and lifestyle. Moelis [...]
Which equity sectors can combat higher inflation? March 31, 2021 Some investors are worried that inflation is set to rise. We look at which equity sectors could prove to be the most resilient. The sharp rise in bond yields over recent weeks has rattled equity markets amid fears that fiscal stimulus and a post-pandemic spending splurge could stoke higher inflation. Five-year inflation expectations, as measured [...]
The final countdown: Are businesses prepared for the Libor transition? March 31, 2021 The countdown to the end of Libor has begun but the scale of the work involved in transitioning to the new rate is immense. For 40 years Libor has been the key benchmark for setting interest rates on various loans and contracts, underpinning trillions of dollars of transactions, before controversy hit. From today no new [...]