London calling: Landlords raring to return to 2019 rents as tenants battle for places September 8, 2021 Londoners looking for a new place to rent are struggling against a competitive market as the number of available properties has dropped by 58 per cent. While there are less properties available on the market for renters compared to August 2020, there has been a 55 per cent boost in the number of tenants searching, [...]
Amazon paid £492m in UK tax last year despite £20.6bn revenue September 8, 2021 Amazon has revealed that while revenue from UK activities surged 50 per cent in 2020 the company paid just £492m in direct taxes. The company’s total tax contribution from direct and indirect sources was £1.15bn following record revenue from UK activities of £20.63bn last year as successive lockdowns drove shoppers online. In 2019, Amazon raised [...]
Hybrid working: Out of office… forever? September 8, 2021 During lockdowns, many started working from home for the first time. Now, 91% don’t want to go back to the office full-time. With hybrid models of work being adopted by many, Christian Koch talks to leading CAs about the chances of a new workplace revolution… This article first appeared in ICAS’ CA magazine. What does [...]
City Moves: Who’s switching jobs in the Square Mile this week? September 8, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Exclusive: Kin Fund Services poaches secretarial lead from Flutter Alternative investment fund manager and fund administrator Kin Fund Services, part of Kin Group, has poached Deirdre Quinn from FTSE 100’s Flutter Entertainment, City A.M. can reveal. [...]
Exclusive: UK named world’s third best regulatory base, ahead of US and EU September 8, 2021 The UK is the world’s third best jurisdiction for multinational companies to base subsidiaries or ‘entities’ from a governance and regulatory standpoint, according to new research shared exclusively with City A.M. this morning. Singapore takes the top spot, followed by Australia while Kazakhstan came out as the most complex country out of over 160 jurisdictions [...]
Give your business a boost and ‘move on up’ to North East England September 8, 2021 The coronavirus pandemic has seen organisations in all sectors find new, innovative ways of working. From remote and hybrid offices, to the adoption of new digital technologies like video conferencing and cloud computing; the pace of change has been unprecedented. Another significant trend – one that was well established before the pandemic but has continued [...]
IFS: Tax hikes not enough to fix broken social care system September 7, 2021 A leading economic think tank has warned hikes to national insurance and dividend taxes announced by prime minister Boris Johnson today will not be enough to tackle chronic problems in the UK’s social care system. The Institute for Fiscal Studies warned the increase in funding for social care will fall short of reversing deep cuts [...]
Beerfest-Lite set to light up Guildhall Yard September 7, 2021 Cooling beers and fabulous food will be on offer later this week at Guildhall Yard as visitors take a breather from this week’s mini heatwave. The fun-packed event, called Beerfest-Lite, will take place from noon to 9pm on Thursday (September 9). Beers on offer will be supplied by Meantime, Windsor and Eaton, Hook Norton and [...]
Brokers and investment platforms plummet on dividend tax hike September 7, 2021 Shares in investment platforms and brokers plummeted today after prime minister Boris Johnson announced a hike to dividend taxes. Broker, TP Icap, had 9.14 per cent shaved off its share price, plummeting to 179.04p from a day high of 196.60p. Investment platforms AJ Bell and Hargreaves Lansdown both suffered heavy losses, down 2.07 per cent [...]
TfL seeks new partner for cable car with Emirates deal set to end September 7, 2021 Transport for London (TfL) is seeking a new commercial partner for the cross-Thames ‘Air Line’ cable car with Emirates’ decade-long sponsorship set to end next year. Since it opened in 2012 ahead of the London Olympics, there have been over 13m journeys on the capital’s only cable car. The 1km line, which links Greenwich to [...]