Transport for London to face funding squeeze as journey numbers will ‘never hit pre-Covid peak’ March 29, 2021 Transport for London to face funding squeeze as journey numbers will never hit pre-Covid peak
FTSE 100 and Wall Street rise on recovery optimism March 26, 2021 FTSE 100 climbed further this afternoon as Wall Street opened higher on renewed economic recovery optimism. London’s blue-chip index is trading 0.9 per cent higher this afternoon as higher retail sales triggered a new wave of confidence in the economic recovery. Mining stocks including Rio Tinto, Anglo American and BHP pushed higher after a slow [...]
Are US stimulus cheques really going into Bitcoin? March 26, 2021 Persistent reports keep suggesting that Americans are keen to plough their $1,400 stimulus cheques into Bitcoin - but is that really the case?
Covid-19, a year on: the need for a more diverse UK economy March 26, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. The UK’s economy was hit by a 10 per cent drop in GDP [...]
UK knows EU will not grant the City access to financial services: Lord Hill March 26, 2021 There is a growing realisation that the UK should not wait for the EU to give the UK access for financial services but get on with building a more competitive, outward-looking City of London, according to Jonathan Hill. Lord Hill, a former EU Commissioner for financial services who recently authored a report on easing the [...]
DEBATE: Should we have a right to work from home? March 25, 2021 Alison Newton, co-head of real estate at Addleshaw Goddard says No Up until March 16 last year, there was a common view among city firms that those who work from home were in some way slacking off. Coronavirus has given us a great opportunity to bury the presenteeism principle, demonstrating that working from home can [...]
The future of commercial property post-Covid March 25, 2021 Will Fulton, Lead Manager, UK Commercial Property REIT The pandemic has brought real challenges for commercial tenants and landlords Strong asset allocation, prudent negotiation with tenants and strategic portfolio shifts have helped mitigate the impact of the crisis From here, the portfolio is geared into a number of long-term structural changes This has been a [...]
Ministers mull making home and flexible working a legal right March 24, 2021 The government is said to be weighing up an expansion of employees’ rights to work flexible hours or from home after a shift in habits during the coronavirus pandemic. A public consultation is set to be launched later this year on how the flexible approach to office life could be extended so that Brits can [...]
City Moves: Who is switching jobs in the Square Mile this week? March 24, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. BDBF lands former Slater & Gordon’s head Employment law firm BDBF has hired former national head of employment at Slater & Gordon’s as its new equity partner. Most recently a partner at employment [...]
Luxury watchmaker Bremont pumps £25m in new London hub March 23, 2021 Luxury watch manufacturer Bremont is expected to boost the market in the UK with a watchmaking hub in London. The £25m investment is expected to bolster the company’s headcount by 20 per cent, reaching 180 employees within two to three years, in a bid to focus its supply chain in the UK. “For over 60 [...]