A two-tiered debt capital bond market puts economic equality in the UK in peril February 21, 2022 The pledge to tackle economic inequality across the country is a central ambition of this government. What the financial industry can do in this process is a key question of our times. Finding an answer can help define the City’s legacy and the financial industry’s impact on broader society for generations to come. The City [...]
Exclusive: One in every four shops in Cheapside are empty February 21, 2022 Oone in every four shops in Cheapside are empty, reveals research shared exclusively with City A.M. The shop vacancy rate in the shopping precinct between Bank and St. Paul’s stations has shot up from just 3.4 per cent in 2019, before the pandemic, to nearly 25 per cent this year, according to Colliers. Retailers’ income [...]
Clipper confirms £947m takeover offer by GXO logistics February 20, 2022 Clipper Logistics has confirmed it is being courted with a £947m takeover offer by suitor GXO, a US logistics giant.
West End to fully recover in just two years following Covid-19 decimation, says report February 17, 2022 The West End will have fully recovered in just two years, according to a new report, after Covid-19 restrictions decimated London’s entertainment and hospitality industries. Some £8.6bn is expected to be pumped into the retail and theatre district, nearly double the £4.6bn it pulled in in 2021, property consultancy Colliers has forecast. It signals the [...]
Westfield extends Disney media collaboration until 2024 February 17, 2022 Westfield have agreed a three-year extension to its long-term collaboration with Disney UK – tying the media company to Westfield London and Westfield Stratford City until December 2024. The new agreement will see 360 integration into Westfield’s media and experiential inventory, including event sponsorship, branded experiences, and co-branded digital and static media, as well as print and digital amplification. [...]
Barrister Jolyon Maugham QC apologises for falsely claiming court victory against Matt Hancock February 17, 2022 The well-known London-based barrister Jolyon Maugham QC made a rare apology yesterday for falsely claiming he had won a High Court case against former Health Secretary Matt Hancock. Maugham said his office was “under-staffed” when a Twitter user wrote that his campaign group – The Good Law Project – had falsely claimed victory. On Tuesday, [...]
Sadiq Khan proposes £10m London tourism cash pot to lure back visitors February 16, 2022 London mayor Sadiq Khan has proposed a £10m tourism investment pot, to be used to lure people back to the capital. Some £3m will be pumped into Khan’s £6m ‘Let’s Do London’ campaign, which City Hall claims has pulled £70m back into the city along with 280,000 visitors. Another £7m will then be used for [...]
Payments fintech Storfund lures in Amazon executive to ramp up product development February 16, 2022 UK payments fintech Storfund has lured in an Amazon payments executive as it looks to accelerate its product development and ramp up growth into new markets this year.
City Moves: Who’s switching jobs in the Square Mile this week? February 16, 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. Puma Investments Puma Investments has poached its new marketing director from Legal & General and is the fifth key appointment in the past few months. After holding the same position in the insurance giant’s retail retirement division, [...]
Meet the hackers helping people recover lost crypto assets February 15, 2022 Would you trust hackers you met over the internet to break into your crypto account and recover lost funds?