CFOs do not expect ‘double whammy’ of labour shortages and supply disruptions to ease before 2023 October 18, 2021 Finance leaders believe that the labour shortages and supply disruptions British businesses are experiencing now are likely to persist for a year, with no meaningful easing until late 2022 or more likely early 2023. The majority of CFOs experienced labour shortages over the past three months with three-quarters reporting some, severe or significant recruitment difficulties. [...]
City bosses warn FCA over listings reform that would ‘undermine’ London market October 17, 2021 Proposed restrictions on the number of smaller companies listed on the London stock exchange as part of the FCA’s shake up of the market could “undermine” the City’s competitiveness rather than improve it, a group of City figures has warned. An increase to the minimum market capitalisation for companies to list on the main stock [...]
Gove the gardener: Are plans for a Tulip tower in London set to bloom again? October 17, 2021 Tulip fever is heading to London, with housing secretary Michael Gove tipped to overule London mayor Sadiq Khan’s decision to squash plans for a flower-inspired skyscraper in the City. Gove is expected to give the plans for a 300m tower the OK, the Telegraph reported, which would overturn Khan’s 2019 decision against the Tulip. At [...]
Operation Reinhard: the anniversary of the Holocaust’s deadliest chapter reminds us of the persecution of Uyghur muslims in China October 16, 2021 Have you heard about Operation Reinhard? It was the most destructive phase of the Holocaust – yet most of us have never heard of it. Why is this? Unlike Auschwitz-Birkenau, the largest of the Nazi concentration and death camps, the three death facilities of Operation Reinhard remain relatively obscure in public consciousness. That is why we write. This week eighty years ago, saw the commencement of a secretive [...]
Exclusive: Most investors believe Brexit will make UK more attractive place to do business October 15, 2021 More than half of all investors from the UK, US and Germany believe Brexit, and the need therefore for the UK to secure new trade deals and support businesses, will make the overall business environment in the country more attractive over the next three years. Only one in five (22 per cent) expect it to [...]
Flutter, Betfred and Ladbrokes owner pile into safer gambling campaign October 15, 2021 The UK’s biggest names in the betting space have piled into a fresh campaign for safer gambling. The ‘Take Time to Think’ campaign, launched by the Betting and Gaming Council (BCG), encourages customers to use safer gambling tools – like deposit limits, time-outs and self-exclusion – offered by its members. Director of corporate affairs at [...]
Tech industry jargon is full of hot air and keeps public valuations sky-high October 15, 2021 It was the presentation that cost £1.85bn. On Tuesday morning, Matt Moulding, the CEO and founder of The Hut Group, addressed his shareholders, attempting to reverse a precipitous slide in the company’s share price. It didn’t go well. Just hours after his presentation ended, the firm had lost another third of its value. The Hut [...]
Membership group launches to support implementation of CBDC October 14, 2021 A new membership body supporting the rollout of the UK's CBDC (central bank digital currency) launches in London today.
Ed Warner: What I would do if I were in charge of English cricket October 14, 2021 This week, Ed Warner writes an open letter to the ECB, which runs English cricket, as it begins its search for a new chair of the governing body. Dear ECB, I see you’ve parted company with your chair, Ian Watmore, after only a year in the job. I’d like to toss my hat in the [...]
City Moves: Who’s switching jobs in the Square Mile today? October 14, 2021 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. McDermott Will & Emery Law firm McDermott Will & Emery has poached the new Head of its London Corporate Tax practice from Deloitte. Kevin Cummings makes his return to the legal market after being a Partner at [...]