Brexit border: UK and EU have ‘months to stop tourist traffic grinding to a halt’ if no deal is reached January 29, 2022 British tourists headed for city breaks in Paris or sunny getaways in Spain in September could be hit by new biometric checks set to be required at the border. In fact, the UK has just months to avoid huge disruption to holidaymakers when new EU rules come into force – despite knowing about the problem [...]
London must not rest on its laurels, it needs strong access to talent to continue to thrive January 29, 2022 The past twelve months have been one of the biggest tests that London has undergone in recent memory, with the twin challenges of Brexit and the Covid-19 pandemic leading some cynics to doubt the capital’s future as a world leading business hub. Even though streets across the City and central London fell quiet at times [...]
Cineworld, Hammerson and Boohoo: The top 10 most shorted UK stocks and fund managers with the most positions January 29, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to new research shared exclusively with City A.M. this morning. Some 8.8 per cent of its stock was held short by six investment firms, with New Holland Capital the largest short position with 2.42 per cent of the company’s [...]
Exclusive: Brexit financial services regulation bonfire set to be in next Queen’s Speech January 28, 2022 An overhaul of the UK’s financial services regulation is set to be included in the next Queen’s Speech as the government speeds up its push to make the City more competitive post-Brexit. Chancellor Rishi Sunak gave an update to the cabinet on Tuesday about the UK’s plans to shed EU rules for financial services, with [...]
Sadiq Khan: London home-building ‘at risk of stalling’ amid hiked construction costs January 28, 2022 Skyrocketing construction materials are slowing house-building progress in London, Sadiq Khan has warned. The Mayor of London warned new-build developments and extension projects were being hit by a cocktail of rising costs thanks to Brexit and the pandemic. Prices for materials, including steel, timber, and concrete, shot up 23 per cent last year, according to [...]
No victory for bull nor bear as Bitcoin dishes up more sideways movement January 28, 2022 Bitcoin’s price – the indicator that everyone focuses on the most – is still entirely directionless and remains incapable of making a move either way
DUP minister plans to halt all port checks in Northern Ireland as Brexit row heats up January 28, 2022 Stormont’s First Minister has said has said a DUP Stormont minister will act unilaterally to halt Brexit checks at Northern Ireland ports. Paul Givan said his party colleague Edwin Poots will order a stop to the controversial checks after a failed bid to secure the wider approval of the Stormont Executive to continue them. The [...]
London is back – but our historic cousin Hong Kong will take a while longer January 28, 2022 What a delightful sight it is to see a busy London train station on our front page today. The world is, slowly, coming back to a new normal. As we wrote yesterday, there is no question the world has changed – and smart employers will have to respond to new expectations. But there is still [...]
Matt Hancock: Britain will be left in the dust with our tepid attitude to cryptocurrencies January 27, 2022 We were already living in an age of change like no other. Now the pandemic has accelerated that change and Britain must embrace the opportunities it brings, or we will lose out. Most obvious is the Zoom revolution. There have been more rapid changes to the way we work in the past two years than [...]
Bitcoin recovery wobbles as US hints at aggressive interest rate hikes January 27, 2022 The Bitcoin price is down three per cent this morning, as the recovery we’ve seen this week across global financial markets wobbled.