Turn off Zoom: London City airport exec bullish on the return of business travel August 23, 2021 Business travel is expected to quickly rebound in 2022, as executives ditch Zoom calls and return to Europe, the US and beyond to press the flesh, a London City airport executive said today. So far, business travel has lagged behind leisure travel in recovery, as technological alternatives has proven cheaper and more resilient to the [...]
BBC set to tap Jess Brammar as news chief despite ‘bias’ row August 23, 2021 The BBC is poised to appoint Jess Brammar as its new head of news despite an online backlash against so-called ‘left-wing’ views. Brammar, former editor-in-chief of Huffpost UK and previously deputy editor of Newsnight, is expected to be appointed to a new role overseeing the broadcaster’s news output. It comes despite criticisms that the news [...]
Global Britain must pivot towards Asia but it must also ensure polluting countries take climate change seriously August 23, 2021 If the Government’s Global Britain vision is to be a success, the UK must strengthen ties with the most populous continent in the world: Asia. An agreement to boost cooperation with the Association of Southeast Asian Nations (ASEAN) – ten member countries in the Indo-Pacific, home to nearly 10 percent of the world’s population – [...]
Sara Glass CA: From the private sector to CFO of the Scottish Parliament August 23, 2021 This article first appeared in ICAS’ CA magazine. Sara Glass CA left a successful career in the private sector to become CFO of the Scottish Parliament. She tells Ryan Herman why the two roles are more similar than they appear. It is less than a year since Sara Glass CA became Chief Financial Officer for the [...]
The award for London’s least hygienic borough to eat goes to… August 21, 2021 Waltham Forest is the most unhygienic London borough in which to eat, according to new research shared with City A.M. this afternoon. The area tops the list as London’s least hygienic borough for food as 13.2 per cent of its businesses received a rating of 2, meaning improvements are necessary, while 1 which means major [...]
US markets shake off Delta variant jitters as investors seek to end volatile week on a high August 20, 2021 Wall Street shook off concerns that the rapidly spreading Delta variant of Covid could halt the global economic recovery from the crisis to end the week on a high. The blue-chip S&P 500 jumped 0.69 per cent to 4,436.26 points during early trading, while the Dow Jones added 0.5 per cent to 35,06776 points. The [...]
Weak UK retail sales drags FTSE 100 lower – CityAM : CityAM August 20, 2021 London’s FTSE 100 extended yesterday’s sharp losses into this morning as weak UK retail sales figures weighed on market sentiment. The capital’s premier index slipped 0.22 per cent to 7,043.22 points during the first two hours of trading on Friday. The blue-chip index is on track to register its worst week since January. Also Read: [...]
Apple postpones office return amid Delta fears August 20, 2021 Technology giant Apple has reportedly told its corporate employees that their return to the office will be delayed until January due to a surge in Covid-19 cases. The iPhone maker said in a memo to employees that it would confirm its reopening timeline around December, Bloomberg reported. The fresh delay comes just a month after [...]
Exclusive: ‘When I started, diversity didn’t really exist’, says Bank of America’s international head of ESG August 19, 2021 In this series, City A.M. zooms in on a range of successful women in the Square Mile, some being movers and shakers in their respective fields – rule makers, not rule takers – while others are rising stars worth keeping an eye on. Today: Andrea Sullivan, international head of ESG at Bank of America. An M&A [...]
Widening deficit lays bare difficulties of Scottish independence August 18, 2021 The response to the Covid crisis has inflicted severe damage on Scotland’s public finances, according to official figures released today. Scotland’s fiscal deficit swelled to 22.4 per cent of GDP in the year to April 2021, more than eight percentage points higher than the same ratio for the UK as a whole. In 2019/20, Scotland’s [...]