Caffe Nero’s future called into question in the event of third wave of Covid-19 June 7, 2021 Caffe Nero’s future has been question in its latest company accounts, after a host of pandemic-related factors made the coffee chain’s future appear uncertain. A fresh wave of temporary closures and a legal challenge by landlords to a recent restructuring of the business have cast “material uncertainties” over its future, directors said it’s the Caffe [...]
UK ranks second in Europe for foreign direct investment June 7, 2021 The UK is ranked second in Europe for total inbound foreign direct investment (FDI), and is still expanding its share of the market. In 2020 the UK secured 975 projects from FDI, down 12 per cent from 2019’s 1,109 despite the pandemic, according to data from EY. France narrowly outranked the UK, securing 985 projects, [...]
City bankers would rather quit than move to European capitals following Brexit June 6, 2021 Bankers in the City of London are prepared to quit their jobs rather than move to other European cities following Brexit. A banker at JP Morgan told the Daily Mail that people were not willing to relocate abroad. “There have been problems – people don’t, and won’t, go to Frankfurt or Paris,” they said. “It’s [...]
Super League debacle shows value of putting purpose at heart of “building back better” June 6, 2021 When the London-based family investment firm I founded, Man Capital, recently acquired Right to Dream, a global football group that includes a premier league club in Denmark and a network of football academies in Europe and Africa, I was asked what kind of a “return” we would be seeking for this “investment”. The framing of [...]
Exclusive: Government set to take ‘gentle’ approach to get people back to the office June 4, 2021 The government is set to take a “gentle” approach in getting people back to the office this summer, with working from home advice also expected to be scrapped on 21 June if the roadmap goes ahead as planned. Government sources told City A.M. that ministers will not take a hardline approach to get people back [...]
UK PMIs: Construction activity grows at fastest rate in nearly seven years June 4, 2021 Construction output grew at the fastest rate in nearly seven years in May as a record increase in new orders spurred on the industry. IHS Markit’s Construction Purchasing Managers’ Index jumped to 64.2 from 61.6 in April, its highest level since September 2014. The reading surpassed economists’ forecasts of 62.3, with anything over 50 signifying [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 2, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Brown Advisory expands London office with senior hires Investment management firm Brown Advisory has bolstered its London office this week with two senior hires as its collection of assets hits $15bn. [...]
EY to centralise power in Europe in break from typical Big Four model June 1, 2021 EY will centralise power in a new European executive team, in a move that breaks away from the typical model employed by Big Four firms. The European executive team will pool resources from across the region, the Financial Times first reported. Big Four firms typically operate a federal model, with profits and resources largely kept [...]
Aisha Ghani CA: My return to work journey May 31, 2021 Aisha Ghani CA, Finance Business Partner at Sue Ryder, discusses her return to work, de-bunks stereotypes of sole carers and shares her advice for those who may be in a similar situation. You have recently returned to work after an extended career break. What influenced you to take this time away from work? Having trained [...]
‘Risky’ FTSE firms could be shunned by worried auditors fearing backlash May 29, 2021 There are worries that the crushing weight of public criticism combined with record-breaking fines could see perceived ‘risky’ FTSE companies shunned by auditors. Following large-scale collapses like Carillion and Patisserie Valerie, the audit sector has faced harsh criticism, having come under both the media and government’s spotlight for failing to do their jobs properly. According [...]