Watch: Anti-vaxxers attempt to ‘serve papers’ on football hero Alan Shearer, only to end up at wrong house December 23, 2021 A group of anti-vaccination activists tried to “serve papers” on footballer Alan Shearer today, but ended up dropping the files off at the wrong house. The former England captain and Newcastle United hero last week urged people to get the booster in a video promoted by the Premier League. In the clip, Shearer said: “We [...]
Lockdowns a blessing in disguise for the City and Canary Wharf: Strict travel restrictions slowed Brexit exodus of bankers December 23, 2021 Three lockdowns in England made relocations for bankers in the City and Canary Wharf impossible, thereby significantly slowing an exodus of finance professionals post-Brexit. Closed borders and harsh travel restrictions imposed on the general public earlier this year led to banks postponing the relocation of some of its professionals, according to professional services firm EY. [...]
Investec: Come new year, confidence in battle-hardened British businesses will return December 23, 2021 It is no secret that global investors have been underweight on the British stock market in recent years. Some have taken a cautious, “wait and see” approach as the economic and geopolitical fog clears, while others highlight more fundamental problems, namely a lack of high-quality technology and high growth businesses poised to thrive in the [...]
Telecom Italia investors in talks over group’s revamp December 22, 2021 The main investors in Telecom Italia (TIM) including the Treasury-owned CDP are discussing a revamp of the ailing former phone monopoly, Italy's prime minister said, pledging to protect jobs and infrastructure assets at the group.
Aptamer IPO: the next Biotech stock to watch? December 22, 2021 Biotech stock Aptamer is launching its IPO on 22 December. Is this the next Biotech stock to watch? At 8am on Wednesday, Biotech stock Aptamer will launch its Initial Public Offering (IPO) on the FTSE AIM Index. The company is pricing its shares 117p and is raising £10.8 million by selling 9.2 million new shares, giving the company a market [...]
The Cathedral: Striking new home of AC Milan and Inter Milan revealed December 22, 2021 Italian football giants AC Milan and Inter Milan have revealed plans for their striking new stadium, called The Cathedral, which will replace their iconic current home, the San Siro. The winning design was drawn up by architects Populous, who also created the new Wembley Stadium, the London 2012 Olympic Stadium, Arsenal’s Emirates Stadium and the [...]
Christmas in Canary Wharf: UK’s largest banks face £8.5bn HMRC bill with £35.8bn of tax under consideration December 22, 2021 Large banks face a potential £8.5bn tax liability from the UK tax authority, according to new figures obtained by Freedom of Information (FOI). The FOI to HM Revenue and Customs (HMRC), carried out by City law firm DLA Piper, showed that, at the end of March 2021, additional tax liability under investigation had increased by [...]
Brexit shift: UK short exposure in Europe declines by a third this year to lowest in five years while France and Italy take over December 22, 2021 The UK’s relative short exposure compared to the rest of Europe has steadily declined by a third to the end of November, its lowest level in over five years. Meanwhile, France and Italy are gaining ground, according to new data shared with City A.M. this morning. The change marks a dramatic shift in the short [...]
Outlook 2022: CIO and markets December 22, 2021 Equity returns will be more muted, but still positive, in 2022, supported by solid corporate earnings. Inflation remains a concern and will put pressure on central banks to start to raise rates. The latest Covid-19 variant – Omicron – is already leading to partial lockdowns, which could lead to slower growth at the start of [...]
Former BT chief Du Plessis selected to take over as audit watchdog chair December 21, 2021 Jan du Plessis, the former Chairman of BT as well as a host of FTSE 100 companies, has been selected as chair of the UK's audit watchdog.