Exclusive: Royals recruited to help fight post-Brexit rivalry with Emmanuel Macron March 31, 2021 The Royal Family have been drafted in by the government to help attract more firms to the UK post-Brexit and to help fight a growing rivalry with Emmanuel Macron, after the French President put on a series of events aimed to steal investment away from the UK. The Royals will co-host a green investment summit [...]
London business confidence ticks up in first quarter of 2021 March 31, 2021 Business confidence in London improved during the first three months of 2021, after reaching its lowest point since the 2008 global financial crisis. A new survey by Savanta ComRes/the London Chamber of Commerce and Industry has revealed that 29 per cent of business leaders in the first quarter of 2021 said London’s economic prospects will [...]
Exclusive: FCA continues hiring spree with former Blackstone and Treasury man March 31, 2021 The City regulator has added another big name to its senior team with the hire of former Blackstone and HM Treasury man Ramesh Chhabra. Chhabra will serve as FCA boss Nikhil Rathi’s Senior Adviser. It is the latest in a series of senior appointments made by Rathi as he seeks to put the body on [...]
UK insurers have more work to do on environmental policies March 31, 2021 Insurers in the UK have more work to do on the environmental and social aspects of ESG, though they are global leaders in governance. The UK is underperforming many of its European peers on environmental processes and reporting across a number of areas, research by Big Four consultancy firm EY has found. EY carried out [...]
Hiring for bankers reaches three-year high March 31, 2021 Recruitment for bankers has hit a three-year high according to new data despite the double whammy of the pandemic and Brexit. Last month Britain’s top banks posted 1163 professional banking vacancies, according to research by Morgan McKinley and Vacancysoft, a 43.9 per cent rise on the same period last year. Overall vacancies in the sector [...]
UK and EU financial services pact sets up two meetings a year between regulators March 30, 2021 The new post-Brexit financial services agreement will ensure regulators from the UK and EU meet twice a year, but will stop well short of implementing any new access arrangements. Officials from the Treasury have been speaking with Brussels about a financial services Memorandum of Understanding over the past three months, after there were no provisions [...]
Exclusive: Govt policy shows UK tech is ‘guiding light’ in pandemic recovery, says Beacon CEO March 30, 2021 Despite the upheaval that the pandemic has caused for many individuals and businesses across the UK, the tech sector has been relatively resilient over the past 12 months. The industry’s continued strong performance is reflected by recent data compiled by Tech Nation and the government’s Digital Economy Council, which shows that 10 per cent of [...]
Strong West End recovery vital for City of London’s future, says Khan March 30, 2021 The UK’s financial services sector will be irreversibly damaged if the West End does not have a strong recovery and Frankfurt is left to scoop up City of London jobs, according to Sadiq Khan. Khan today called out the government for not providing targeted funding for central London, which has been adversely affected by Covid-19, [...]
Post-Brexit: City investors look beyond Europe as bounce back optimism grows March 30, 2021 Investors searching for stronger returns post-Brexit are increasingly zooming in on the Far East, with Japan and China currently being the most attractive markets for UK investors. According to new data that City-based bank and brokerage firm Charles Schwab shared with City A.M. this morning, around 68 per cent of investors in a recent survey [...]
Biotech firm Oxford Nanopore plots London listing March 30, 2021 The Oxfordshire-based scale-up helping to track coronavirus mutations has announced plans to list in London later this year. Oxford Nanopore, which specialises in DNA sequencing technology, today said it had started preparing for a London float but disclosed no further details. “Oxford Nanopore Technologies Limited has today informed its shareholders that it has started the [...]