UK government to set out plans for audit watchdog overhaul imminently after years of delays February 14, 2022 UK government ministers will set out their plans to reform regulation of the UK’s auditing industry within the coming weeks, after calls for an overhaul first emerged in 2018 in response to the collapse of UK construction contractor Carillion. The proposals are currently being circulated and are set to be signed off imminently, according to [...]
Exclusive: What the departure of Lloyd’s of London would mean for the City February 14, 2022 Lloyd’s of London may be leaving its gigantic headquarters in the City. A pandemic-induced hit to office footfall has left it mulling a move to another location. The company told City A.M. recently it is weighing up leaving iconic headquarters’ as it seeks out ways to adapt to shifts in working habits brought about by [...]
Exclusive: Business tax reliefs jump to record £94bn as number of available reliefs grows to 57 February 14, 2022 The value of tax reliefs claimed by UK businesses reached a record £93.7bn last year, up another 5 per cent from the £89.3bn claimed the year before, according to new data shared exclusively with City A.M. today. The growth in the value of business tax reliefs claimed has been driven by the rise in the number [...]
Police watchdog tells Met to revisit complaint by Caroline Flack’s mother February 14, 2022 The police watchdog told the Metropolitan Police to revisit Caroline Flack’s mother’s complaint that her daughter’s fame impacted police behaviour two years after the Love Island host’s death. A spokesman for the Met told the BBC that the Independent Office for Police Conduct (IOPC) has instructed the police to reinvestigate an aspect of the old [...]
Business travel: What does 2022 hold for your work trips? February 14, 2022 A combination of factors will determine how often we will be packing a suitcase this year. Firstly, heightened sensitivity around carbon footprints will drive businesses to be more responsible and look carefully at the number of flights employees are taking. When Zoom will suffice, that lunch in Brussels may not cut the mustard (although there [...]
Week ahead: City’s gaze turns to fresh inflation figures February 13, 2022 All eyes in the City this week will be on fresh inflation figures as investors brace for another shocker of a print. Most economists expect inflation to firm even further, jumping to 5.5 per cent in January from 5.4 per cent in December. That would still leave the cost of living at around a 30-year [...]
Saturday review: Samsung has created a compelling experience with new S22 February 12, 2022 Samsung’s new flagship smartphone, which combines features from its two biggest ranges for the first time, is the result of the tech giant listening to the customer to create a compelling experience. On Wednesday, the phone maker unveiled the S22 range, which includes the S22 Ultra, the top-of-the-line device which includes Samsung’s S-Pen stylus built [...]
Letters: not so green with envy February 11, 2022 [Re: Hardly any Brits plan to stick to climate goals, Jan 17] A report conducted this week by NewClimate Institute and Carbon Market Watch revealed that climate pledges made by 25 of the world’s largest companies are, in fact, misleading. Companies analysed in the report include giants like Google, Amazon, IKEA, Apple and Nestle. Only [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 11, 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. essensys Flexible workspace software and technology company Essensys has found a new CEO for its UK and European business. Stepping to the helm after a stint at British Land, James Lowery will report to founder and group CEO Mark Furness. “James’ [...]
As chief execs traverse the world of sustainability, they must keep investors onside February 11, 2022 Mayonnaise. The humble condiment is now at the centre of a broader debate about the purpose of business. Last month, Fundsmith’s Terry Smith argued Unilever “had lost the plot” for attempting to define the purpose of Hellman’s. While Smith’s comments on sandwich fillers grabbed headlines, the more revealing point made by Smith was that Unilever [...]