Clear targets are needed to make the Square Mile a more inclusive workplace November 8, 2021 If you take a walk through the Square Mile’s streets you will see people coming together from a range of backgrounds, and will hear a vast spectrum of accents and languages. This diversity and openness are major assets for the City. They help create a melting pot of different ideas, encouraging innovation and an entrepreneurial [...]
First-time buyer price inflation nears 10 per cent as London house prices shoot past £500k November 6, 2021 First-time buyer annual house price inflation is now at a five-month high, at 9.2 per cent, and has pushed ahead of the equivalent measure for home movers, at 8.1 per cent, according to property experts. In London, the average house prices have shot passed £500k. The average UK house price hit a record high of [...]
Firms hike pay at record print to lure workers amid labour squeeze November 5, 2021 Businesses are being forced to hike pay at the fastest pace on record to lure talent amid severe worker shortages. Hot competition for fresh staff, compounded by a paucity of available candidates, has led to employers raising starting salaries at the steepest rate since records began, research by KPMG and the Recruitment and Employment and [...]
Investors warn Big Four of AGM rebellions over climate accounting November 2, 2021 An investor group managing around $4.5tn worth of assets have issued a warning to the top four auditing giants to start including climate risk into their audits, or risk rebellions at AGMs, according to reports. In a letter seen by Reuters, which first reported the news, the investors told the Big Four auditors that unless [...]
London titans fear business rates relief cap will leave them with ‘same old headache’ October 28, 2021 Central London businesses and landlords have been left disappointed after a cap on a new business rates discount. At the dispatch box on Wednesday, Chancellor Rishi Sunak announced a one-year discount of 50 per cent for businesses in the hospitality, retail and leisure sectors. Eligible businesses will be able to claim a discount on their [...]
Awards 2016 October 26, 2021 The City A.M. Awards for 2016, held at the glitzy Grange hotel opposite St Paul’s Cathedral, saw 14 individuals or businesses collect gongs in front of a star-studded audience of around 500 City figures. Our congratulations go to all the winners who stood out during 2016 for their exceptional work. The event, however, is not [...]
Categories October 26, 2021 Categories 2022 Interested in sponsoring a category this year? Email our team at awards@cityam.com for more details. Insurance Company of the Year The insurance sector has had an extraordinary year, not just coming out of a pandemic but amid a host of natural disasters. This year we’re looking not just at insurers who are delivering for shareholders [...]
The power of inspirational leadership October 26, 2021 The CA Summit sponsored by Markel Tax returned for an event split across three days starting on 5 October, which brought together the brightest minds from the worlds of finance, academia, and the technology industry to deliver a series of challenging, thought-provoking and truly motivational seminars to inspire ICAS Members around the globe. Power to the people [...]
Senior KPMG partner responds to Sadiq Khan’s COP26 call for London to get more powers October 22, 2021 Anna Purchas, a senior Partner at KPMG in London, wrote to City A.M. today as she responded to our article ‘Sadiq Khan will use the upcoming COP26 to vouch for cities like London to have greater powers and funding.’ Dear City A.M., I read with interest that our London mayor Sadiq Khan will use the upcoming [...]
BDO faces FRC investigation over audit of collapsed construction firm October 21, 2021 Accountancy firm BDO is being investigated by the UK accounting regulator over its audit of collapsed construction company NMCN. The Financial Reporting Council confirmed on Thursday it was examining the BDO’s audit of NCMN’s financial statements and its final set of accounts before it filed for administration on October 4. BDO resigned as the group’s [...]