Lunch markets are back on the menu at Guildhall Yard June 21, 2021 Mouth-watering cuisine from around the world will be on offer when lunch markets return to Guildhall Yard on Wednesday (June 23rd). Stalls will be serving up food from across the globe – covering everything from Turkish wraps to paella, Thai and Chinese dishes to German hotdogs and Mexican burritos. Visitors are being encouraged to take [...]
Goldman Sachs bats off competitors with first UK transaction bank June 21, 2021 Goldman Sachs is set to appear in the UK after the Wall Street-based firm said today it has launched its £35bn transaction bank in the country. The global investment bank expanded its transaction bank business after launching in the US last year, while it eyes steadier revenue sources beyond its investment division. Goldman’s shares sank [...]
Why the Covid Recovery Commission is right to put focus on skills June 21, 2021 The City of London Corporation is urging Square Mile SMEs to get involved in discussions about how to support the recovery from the COVID-19 pandemic and enable growth into the future. The SME Strategy Focus Groups will be used to help inform the City Corporation’s very first strategy aimed at small to medium sized businesses. The new strategy is being developed to identify [...]
The City is resilient but it needs to nurture its small businesses and advocate for a return to the office June 21, 2021 Over the last 12 months, the City has faced twin challenges from Britain’s exit from the European Union and the pandemic. Despite these challenges, the financial and professional services sector has demonstrated remarkable resilience as well as playing a key role in supporting other parts of the economy. We cannot, however, afford to be complacent. [...]
Andy Haldane became the media darling of economics, the Bank of England must continue his legacy June 20, 2021 After 32 years at the Bank of England, the current senior economist at Threadneedle Street – Andy Haldane – is moving on to new pastures. His departure as one of the top dogs at the Bank of England will leave the oldest and first central bank without his valuable experience. But as communication with the [...]
Tensions rise between Boris Johnson and Rishi Sunak behind closed doors over spending June 20, 2021 Tensions are reportedly increasing between Boris Johnson and Rishi Sunak over the Prime Minister’s myriad of recent spending promises. Two recent major spending announcements – of a new Royal Yacht and a new G7 green infrastructure programme for developing countries – were reportedly announced by Johnson without even consulting Sunak or the Treasury. The green [...]
Starbucks UK plummets to £41m loss after year of Covid restrictions June 18, 2021 Starbucks has recorded a loss of £41m in the year to September 2020, after Covid restrictions forced it to shut branches and limit typical trading activity. The coffee chain saw revenues fall to £243m, according to a Companies House report, down 32.7 per cent, largely due to heavy restrictions imposed on the business throughout much [...]
Are we now on the road to net-zero? June 18, 2021 We spoke to climate change specialists Simon Webber and Isabella Hervey-Bathurst for their views on the IEA’s latest report. Climate change and the transition from fossil fuels to sustainable energy is arguably the most pressing issue facing the world today. Addressing the issue of how the world produces and consumes energy, and the measures that [...]
FTSE 100 drops while industrial stocks boost mid-caps June 18, 2021 London’s FTSE 100 dipped this morning after a fall in heavyweight oil majors BP and Royal Dutch Shell dragged down the index. The blue-chips fell by 0.5 per cent at the open, with oil dips offsetting gains in large dollar-earning consumer staples firms including Unilever and Diageo. These companies benefitted from a weaker pound, as [...]
Mindy Lubber, CEO of Ceres, on why the private sector must wake up to the economic impact of climate change June 18, 2021 As President and CEO of Ceres, Mindy Lubber is a world-leading voice on sustainability and finance. She tells Laurence Eastham why the private sector must act now on climate change or risk being left behind. Ceres has been there from the very start. The sustainability advocacy organisation, founded in the wake of the Exxon Valdez [...]