Shaping and taking opportunities post-Brexit April 8, 2021 CEO Cees Vermaas explores the recent strong financial results of The International Stock Exchange Group – despite COVID-19 – and what he has planned to unlock further growth in the coming years. The last year has been dominated by the COVID-19 pandemic but during this time, we have also seen the end of the transition [...]
Commercial struggles offer open skies to private jet operators April 7, 2021 The global collapse of aviation over the past year has for the most part been one long unrelenting nosedive, with the occasional moment of levelling out as much-needed respite. As in most crises, however, there are both winners and losers, and though the big commercial airlines clearly fall into the latter category, an unlikely group [...]
Flutter hits back at Rupert Murdoch in row over US betting firm Fan Duel April 7, 2021 Gambling giant Flutter has hit back at Rupert Murdoch’s Fox in a legal row over a US sports betting firm, accusing the media mogul of trying to take a stake in the company at a cut-price rate. Fox Corporation last night filed a lawsuit against Flutter, which owns brands such as Paddy Power and Betfair, [...]
Back ‘vital’ work of food charities, City Corporation urges April 7, 2021 The City of London Corporation has provided funding for thousands of meals to be delivered to families in need – and is urging others to follow suit. The £25,000 grant from the City Corporation’s International Disasters Fund to the food distribution charity City Harvest will enable the Livery Kitchens initiative to continue until July. The [...]
Women of the City: Joanne Hannaford at Goldman Sachs April 7, 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: Joanne Hannaford, head of engineering in EMEA and head of regulatory [...]
Enterprise Investment Scheme funds need to be green to cater to younger investors April 7, 2021 This year is exciting for many reasons, and not just because it is not 2020. 2021 marks the first year of a decade that will need to deliver significant social and environmental changes if the UN’s 2030 Sustainable Development Goals are to be achieved. People are starting to think meaningfully about returns on investment in [...]
The multi-billion-pound pot that could be fuelling Britain’s green recovery April 6, 2021 As the Government pushes on to Build Back Greener, capital invested via the investor visa route should be considered as another means of directly supporting the UK’s sustainable recovery. Finding a pound down the back of the sofa used to be one of those small life wins. Now imagine it’s closer to £1bn – and [...]
Joe Biden’s $2.3tn spending spree will stifle competition and make business the bogeyman April 6, 2021 Last month, the White House began to lay out the President’s new economic investment programme, the American Jobs Plan. It is the partner of the American Rescue Plan, the ambitious plan to vaccine the entire population, rebuild the economy and the country after the damage wrecked by the pandemic. The plan pledges to spend $2.3 [...]
Covid-19, a year on: A breakdown of trust between the police and the public April 6, 2021 Dear Editor Sascha O’Sullivan’s article (Covid-19, a year on: A breakdown of trust between the police and the public) shows exactly why police forces can only operate effectively if they have public support. Respect for equality, diversity and human rights are all essential to maintaining trust in our officers. That’s why we have agreed plans [...]
Will ESG turn Bitcoin into a digital ‘stranded asset’ or monetary MySpace? (Part I) April 6, 2021 In this first instalment of a two-part piece, Ben Ashby, Derek Usher and Gerard Fox explain why environmental, social and governance (ESG) factors will undermine Bitcoin’s eye-catching rise, here focusing on the ‘E’. We have many economic reasons for believing that ‘first-generation’ crypto assets will fail to displace either ‘conventional’ money or traditional safe assets [...]