Our regulatory cheat sheet needs a post-Covid rewrite September 27, 2021 The success of a financial centre depends largely on the rules it is governed by and the quality of its rulemakers. The UK’s regulatory regime is widely regarded as one of the best in the world due to its transparency, openness and – crucially – ability to evolve. Exiting the European Union and the pandemic [...]
Editorial: Tax-hiking ministers aren’t entitled to demand pay rises, too September 27, 2021 To listen to Government ministers at the moment, one could be forgiven for thinking we were in the middle of an economic boom. Amid an entirely predictable collapse in haulier numbers and knock-on shortages, the response so far has been on the one hand an underwhelming visa scheme and on the other a demand for [...]
Workspace firm IWG considering multibillion pound break-up September 26, 2021 Serviced offices firm IWG is considering splitting into several different companies. Mark Dixon, founder of the Regus and Spaces operator, is examining different options to bring value to shareholders, Sky News has reported. The founder is reportedly looking at options including a US listing for Worka, an app that helps users compare and book workspaces [...]
MPs speak out as Morrisons bidder plans to run grocer from Cayman Islands September 26, 2021 The private equity eyeing supermarket Morrisons has lined up an entity in the tax haven Grand Cayman to run the supermarket giant, bid documents have revealed. Cross-party MPs have urged Clayton, Dubilier & Rice (CD&R) to assure it will pay UK corporate tax rates on Morrisons’ turnover, the Sunday Times reported. CD&R revealed full details [...]
Exclusive: Lib Dem candidate hits out at City of London Corp over China stance September 25, 2021 The Liberal Democrats’ new candidate for the Cities of London and Westminster constituency has launched an attack on the City of London Corporation’s “weakness towards the Chinese Communist Party”. Edward Lucas, a veteran journalist, said the powerful Square Mile local authority “don’t get the threat” from China. The Corporation, which is based in the historic Guildhall [...]
Exclusive:Lib Dem candidate slams City of London Corp over China stance : CityAM September 24, 2021 The Liberal Democrats’ new candidate for the Cities of London and Westminster constituency has launched an attack on the City of London Corporation’s “weakness towards the Chinese Communist Party”. Edward Lucas, a veteran journalist, said the powerful Square Mile local authority “don’t get the threat” from China. Also Read: Exclusive: City of London Corporation chief says [...]
Planes, trains and automobiles – how is Europe’s transport sector curbing its emissions? September 24, 2021 Greenhouse gas emissions in the EU fell by 3.8% in 2019, according to the European Environment Agency, bringing them to 24.0% below the levels seen in 1990. However, the EU is targeting a 55% reduction by 2030 (compared to 1990) with the aim of reaching net zero by 2050. There is still a long way to [...]
EU citizens fund billboards to expose conflicting messages in bloc’s food policies September 24, 2021 A group of European citizens have donated thousands of Euros to protest conflicting messages at the heart of existing EU food policies. The billboard campaign ‘thismakesnosense.org’, launched by ProVeg International, calls out the EU’s efforts to encourage the public to consume more meat and dairy while simultaneously urging people to reduce their consumption of meat [...]
Exclusive: Fund managers say UK equities are still undervalued despite Brexit and Covid bounce back September 24, 2021 Nearly nine in ten professional investors from the UK, US and Germany believe UK equities are undervalued, according to new research shared exclusively with City A.M. this morning. The investors, who collectively manage over $300bn, said in a MBH survey that one of the key reasons for optimism around UK equities is that the country [...]
Prodigy Finance secures $750m to finance international student loans September 23, 2021 Prodigy Finance has secured $750m in funding to support postgraduate education through providing cross-border student loans. The company provides financing to international students who would not otherwise have the opportunity to pursue postgraduate qualifications. A funding deal with CPP investments will allow the scheme to support students in additional countries including China, Bangladesh and Chile, [...]