City Moves: Who’s switching jobs in the Square Mile this week? March 3, 2022 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. Knight Frank Property consultancy Knight Frank has appointed a new head to lead sales in St John’s Wood. Also joining as partner, Neir Gigi brings over 23 years’ experience from across central and northwest London property markets. Gigi, who joins the [...]
City minister says UK changes to EU financial services rules will not be a ‘big bang’ March 2, 2022 Overhauling the EU’s financial services rulebook post-Brexit will not be a “big bang” moment and could take several years, according to UK City minister John Glen. Glen told Westminster’s Treasury Select Committee today that the push to reform EU regulation will be an “iterative” process and that any intervention will not “overnight change the competitiveness [...]
Insurers and analysts temper enthusiasm on Solvency II reforms March 2, 2022 Insurers and analysts have warned that the UK government’s plans to reform Solvency II, with a view to lowering the sums that insurance firms must hold in their coffers, may not live up to expectations. After City minister John Glen set out plans to reform the EU’s Solvency II rules, and “unleash” the “benefits of [...]
Bitcoin steady at $44k as crypto continues to decouple from stocks March 2, 2022 The crypto markets have steadied since Monday's buying spree, with the price of Bitcoin hitting a wall yesterday at $44,000.
Subsidies to Wales have made devolution a begging bowl rather than a point of pride March 2, 2022 Did you raise a toast yesterday to the staff of Gwynedd Council in North Wales? They were enjoying their very own special Bank Holiday to celebrate the day of the patron saint of Wales, St David. Gwynedd council proudly declared in January that it would “grant” this extra holiday. All very well and good, except that [...]
Boris Johnson’s political headache isn’t over as the threat to the Union rears its head again March 2, 2022 Boris Johnson has often been both the Houdini and the Heineken politician over the past decade. But if he survives the latest party-gate scandal he may unwittingly walk into a much bigger domestic political headache, with more than just his career on the line – the future of the union. Of course he will do [...]
City minister John Glen outlines changes to ‘liberate businesses’ from EU regulations March 1, 2022 City minister John Glen has said his changes to EU financial services regulations will “liberate businesses” in the UK as he further outlines his package of reforms. Speaking to the Association of Financial Markets in Europe today, Glen said the post-Brexit changes “will remove unnecessary duplication and red tape for firms that want to raise [...]
Park Plaza hotel operator warns of ‘quite severe’ staff shortages in London March 1, 2022 Park Plaza hotel operator PPHE has reported revenue recovering to 39.5 per cent of 2019 levels as it warns of “quite severe” staff shortages in the coming months. Shares in the company dipped slightly on Tuesday morning after PPHE announced a 38.9 per cent total revenue increase to £141.4m for the financial year ended 31 [...]
Bitcoin overtakes Russian rouble as crypto markets buoyant March 1, 2022 The Bitcoin price currently sits at around $43k, having increased more than 12 per cent over the past 24 hours.
Ministers branded ‘snowflakes’ for trying to curtail protests because they ‘cry into their port in the evening’ March 1, 2022 Ministers are “snowflakes” and are trying to curtail protests because they “cry into their port in the evening when people say things that they don’t like”, MPs heard. Labour MP Lloyd Russell-Moyle (Brighton Kemptown) told the Commons: “The Government didn’t like the Black Lives Matter protests when tens of thousands of young people went onto [...]