Exclusive: Business group urges government to launch Covid bonds in ‘war-style’ recovery plan May 7, 2021 The government should issue Covid recovery bonds to finance the UK’s “war-style” post-pandemic recovery, according to family business organisation the Independent Business Network. The business group, which represents family owned or run firms across the country, said the government should abandon inflationary Quantitative Easing and introduce the bonds instead. In a letter to the Prime [...]
FTSE 100 rises slightly after Bank of England decision May 6, 2021 The FTSE 100 rose slightly this afternoon after the Bank of England monetary policy committee decided to hold interest rates at 0.1 per cent. Across the Atlantic, trading was also stagnant, with Wall Street’s main markets flat at the open. By the early afternoon, London’s premier index was up 0.1 per cent down at 7,047.31, [...]
Has Covid changed the shape of London forever? May 6, 2021 After a rollercoaster year and a half, our economy is preparing to burst back to life. Fuelled by the joint success of the vaccine rollout and our effort in the third lockdown, we are now fighting back against our invisible foe that has, and continues, to wreak havoc around the world. Yet, life as we know [...]
No full-time return to the office for over a million British workers May 6, 2021 Almost all of 50 of the UK’s biggest employers have said they do not plan to bring staff back to the office full-time. Some 43 of the firms told the BBC that they would embrace a mix of home and office working, with staff encouraged to come into work for two to three days a [...]
Mayor of London election: What did the candidates say about the City of London? May 6, 2021 Londoners are heading to the polls today to decide who their next mayor will be. The pandemic has been particularly hard for the City, with workers, tourists and other visitors vanishing as lockdowns were imposed. Shops, restaurants, and pubs all had to pull their shutters down and offices emptied. Let’s take a look at what [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]
Return on property value: Is it time to sell if you live in this part of London? May 5, 2021 Recent ONS figures suggest that UK house sales have increased by 160 per cent since January, and show no sign of slowing down any time soon. Average house prices across the UK increased 8.6 per cent in the year to February, the highest house price growth recorded in the UK since October 2014. One of the trends that [...]
5 incredible companies that are hiring in London right now May 5, 2021 Summer is here (finally!), and it’s a great time to make some changes. For many people, that might mean a wardrobe cleanout or a new workout routine, for others, it might mean a new job. Today, let’s deal with the job thing. It can be a bit daunting to start a job hunt, especially during [...]
Mayor of London election: Where do the major candidates stand on the Covid recovery? May 5, 2021 With the 6 May mayor of London election just one day away, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at Covid recovery policies from the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan The incumbent mayor [...]
Hipgnosis buys up Dua Lipa and Justin Bieber songwriter’s back catalogue May 5, 2021 Hipgnosis has bought the catalogue of songwriter and producer Andrew Watt as the music investment firm continued its spending spree. Watt recently won producer of the year at the 2021 Grammy Awards for his work with artists including Justin Bieber, Miley Cyrus and Dua Lipa. Hipgnosis’ acquisition binge shows no sign of slowing down, after the [...]