Exclusive: How London’s prime property financing space weathered Brexit, Covid and market mayhem October 24, 2022 Prime property finance is experiencing a boom in demand but battling falling prices. Yet, as the most resilient part of the market shows it can insulate itself from Brexit, the pandemic and current financial woes. While not immune from external shocks, its ability to recover faster than the rest of the industry makes it a [...]
City bonuses rise at more than twice the rate of wages since 2008, study says October 14, 2022 The City has proved its resilience to challenging economic headwinds, with bonuses increasing at more than twice the speed of wages since the financial crash. The rapid growth in bonuses reflects the continued activity in the Square Mile and the lack of real-terms growth in people’s salaries. While most workers’ salaries had effectively plateaued, TUC [...]
One march that paved that way for social reform October 12, 2022 With World Sight Day just around the corner, taking a look back to a moment that helped shape the nation’s support of visually impaired people seems fitting. In ancient times, blindness was associated with intelligence and creativity – take Homer for example, one of the most celebrated authors of all time. There are blind characters [...]
Kyiv rocked by series of explosions in reported retaliation for Crimea bridge blast October 10, 2022 Ukraine’s capital Kyiv was hit by a number of explosions on Monday morning, as the Kremlin hit back in wake of the alleged sabotage of a bridge in Crimea. The blasts just after 8am in Kyiv hit near its old town and government offices, days after Russia blamed Ukraine for a huge explosion on a [...]
Summer of discontent: Lost working days surge up to 78 per cent amid strikes September 29, 2022 The number of working days lost has increased amid the summer of discontent, according to data published today. Figures from the Office for National Statistics (ONS) reported that lost working days amounted to 70,500 and 87,6000 in June and July respectively – up 72 and 78 per cent on the 2019 monthly average of 19,500. [...]
London breezes past European rivals to retain finance hub crown September 22, 2022 London has breezed past its Continental rivals to retain the title of Europe’s top financial hub, research shared exclusively with City A.M. today shows. The capital’s deep highly-skilled talent pool helped drive it to the top of the European rankings in the 32nd edition of Z/Yen’s global financial centres index (GFCI). The Square Mile has [...]
Scrapping bankers’ bonus cap is only a signal, but it is a signal nonetheless September 21, 2022 AN UNPOPULAR politician is usually a short-lived phenomenon. It appears Liz Truss is hoping that by the time the impacts of her unpopular decisions will be felt, the benefits will be so obvious the electorate will forget their initial teeth-gnashing. She may well be right. Even this column would accept that removing the bankers’ bonus [...]
Further rail strikes to take place on 1 October September 20, 2022 Further rail strikes are set to take place on 1 October, as workers at 14 train operators will walk out in a dispute over job security, pay and conditions. The union RMT said the walkout will bring the country’s network to “an effective standstill,” especially as it takes place ahead of the Conservative Party conference [...]
Truss believes City is ‘growth engine’ of the economy, says former minister September 8, 2022 Liz Truss believes the City is the “best growth engine in the UK” and is preparing to lean on the financial sector to achieve her political agenda, a former minister said today.
Ed Warner: Kicked off, tipped off, switched off September 8, 2022 One of the joys of writing Sport inc. is the flow of suggestions from readers of subjects to cover. In the past week alone: the highly leveraged balance sheets of Premiership rugby clubs ahead of the new season, the continuing scandal of the lack of financial support for Britain’s international basketball teams, the prohibitive cost [...]