Google feels lucky in London: Tech giant bets big on London office space in major boost for capital’s global status January 14, 2022 Google is set to pump almost three quarters of a billion into London in a major vote of confidence in the capital’s post-Brexit future. The tech giant has snapped up the entirety of the Central Saint Giles development in which it currently leases office space, marking a major step change in the firm’s commitment to [...]
Energy price crisis: What can the government do to protect the poorest households? January 13, 2022 City A.M. looks over some of Downing Street’s potential options to reduce the cost of energy bills for the UK's poorest households.
Green is the colour as markets recover overnight, with Bitcoin closing in on $44k January 13, 2022 The Bitcoin price continues to recover this morning, with the largest cryptocurrency by market cap rising to more than $44k overnight.
The art of the Boris apology: I’m sorry for everything but also for nothing January 13, 2022 If you have ever played monopoly, you’ll know there is a certain flex in the rules – unless they’re being used against you. Sure, it’s fine if your incarcerated opponent doesn’t collect rent when you land on their property because they’re under the mistaken belief you can’t earn money in jail. But when the tables [...]
City Moves: Who’s switching jobs in the Square Mile this week? January 13, 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. Aon Professional services firm Aon has hired an ex-HSBC director as its new enterprise client leader for financial institutions team. Pete Rutherford, who has held positions at Abrdn, the Royal Bank of Scotland and Clydesdale Bank, brings [...]
The UK can reap the rewards of Brexit if digital trade is at the heart of our strategy January 13, 2022 Digital trade has soared to prominence and with it comes the need to negotiate new rules for this wildly different market. It’s estimated the digital economy accounted for 22.5 percent of worldwide GDP last year, and with significant challenges facing international travel for both people and goods, this is set only to grow. Fortunately, it [...]
City blows away gloomy Brexit forecasts as profits soar at fastest rate since 2015 January 13, 2022 The City is blowing gloomy forecasts that Brexit would hit its financial services industry out of the water, reveals a fresh study released today. Profits at the Square Mile’s biggest banks, brokers and insurers are accelerating at the hottest pace since before Brexit, according to the UK’s leading business group. City firms’ resurgence will help [...]
UK and India launch trade negotiations for post-Brexit deal January 13, 2022 The UK will officially launch negotiations for a post-Brexit trade deal with India today at an event in New Delhi. International trade secretary Anne-Marie Trevelyan will make the formal announcement alongside Indian minister of commerce and industry Piyush Goyal, with the two set to outline parameters of the talks. A trade deal with India, one of [...]
Northern Ireland Protocol is unique opportunity for businesses, says expert January 12, 2022 An international trade expert has encouraged UK businesses to capitalise on Northern Ireland's continued EU access post-Brexit.
All eyes on PMQs as Boris Johnson’s premiership is ‘hanging by a thread’ January 12, 2022 Boris Johnson’s premiership is hanging by a thread today, as angry Tory MPs and outraged Brits await Prime Minister’s Questions to see whether he will come clean over a party during lockdown. Reports that Johnson and his then fiancé Carrie Symonds attended a “bring your own booze” party in the No 10 garden during lockdown [...]