Coronavirus: London’s dynamic economy will return May 1, 2020 The Covid-19 pandemic has changed virtually every aspect of the way we live and its awful legacy will be felt for a long time. Above all, the loss of life is clearly the most terrible and important impact – and the reason we must do whatever it takes to reduce and ultimately to prevent transmission. [...]
The City View podcast, from City A.M., with Vivienne Artz May 1, 2020 In this episode Christian is joined by Vivienne Artz, President of Women in Banking and Finance, and Chief Privacy Officer at data giant Refinitiv. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Vivienne reflects on the way in which our attitudes to data have changed during the pandemic and the [...]
Carlsberg sales dip due to pub closures during lockdown April 30, 2020 Carlsberg sales dropped in the first quarter and the brewing giant warned a further decline is expected over the next few months due to the closure of bars and restaurants during coronavirus lockdowns. The brewer said sales dropped seven per cent between January and March, and would continue to fall in the second quarter due [...]
The City View podcast, from City A.M., with Hetan Shah, chief executive of the British Academy April 30, 2020 In this episode of the City View podcast Christian is joined by Hetan Shah, formerly director of the Royal Statistical Society now chief executive of the British Academy – the National Academy for Humanities and Social Sciences. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Hetan discusses the role that economics, [...]
Tory MP calls on government to extend job retention scheme April 29, 2020 A Conservative London MP has called on the government to extend the job retention scheme that pays “furloughed” workers’ wages to help businesses hit by a plunge in international visitors. Nickie Aiken, MP for Cities of London and Westminster, and the Association of International Retail have written to chancellor Rishi Sunak to say that businesses [...]
Hospitality class action group launches to bring business interruption insurance claims April 29, 2020 A group action for the hospitality sector launched today with the aim of bringing claims against insurers which have failed to pay coronavirus-related business interruption claims. The hospitality insurance group action (HIGA) is open to businesses such as pubs, restaurants, hotels and nightclubs which have been forced to close because of the lockdown and are [...]
Martin Gilbert: Coronavirus ‘multiple times worse’ than Black Monday for City April 29, 2020 Veteran asset manager Martin Gilbert has warned the economic fallout from the coronavirus pandemic will be “the most dramatic we’ve seen since the 1930s” as he warned of “a long, slow recovery” for certain sectors of the economy. Speaking to The City View podcast today, Gilbert said that though Black Monday in 1987 was a [...]
The City View podcast, from City A.M., with Martin Gilbert April 28, 2020 In this episode Christian talks to City veteran Martin Gilbert on the eve of his departure from Standard Life Aberdeen, the £550bn investment management giant. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Martin founded Aberdeen Asset Management in 1983 and became co-CEO of SLA after a 2017 merger with Standard [...]
Guinness owner Diageo to raise $2.5bn through bond offering April 28, 2020 Guinness owner Diageo plans to raise $2.5bn through a bond offering, weeks after it was forced to scrap its share buyback scheme due to the coronavirus pandemic. The drinks giant, which also owns Smirnoff vodka and Johnnie Walker whisky, said the bond offering consisted of $750m 1.375 per cent fixed rate notes due 2025, $1bn [...]
Recovery plans must prioritise small businesses April 28, 2020 If the UK economy is to get back on its feet as soon as possible following the extreme lockdown, there needs to be a small business-first exit strategy. While it is right that decision is led by public health concerns, for the sake of our hugely important small business population, we need to understand the [...]