Exclusive: Theatre producers mull plans to stream shows amid coronavirus fears March 5, 2020 Theatre production companies behind some of the West End’s biggest hits are considering streaming performances of their shows as the coronavirus sparks fears of mass cancellations. City A.M. has learnt that Delfont Mackintosh, whose shows include Hamilton, Les Miserables and Mamma Mia, has held discussions with broadcasting firms as they ramp up their contingency plans. [...]
Aung San Suu Kyi stripped of City of London award March 5, 2020 De-facto Myanmar leader Aung San Suu Kyi has been stripped of a City of London Corporation award for failing to condemn the ethnic cleansing of her country’s Rohingya Muslim population. The local authority stripped her of its Honorary Freedom award today in a Court of Common Council hearing, for her “close association” with the Myanmar [...]
Gresham House acquires Trade Risks amid strong 2019 performance March 5, 2020 Gresham House announced the acquisition of Trade Risks as it reported a double digit rise in its assets under management. The figures Gresham House reported a 23 per cent increase in assets under management from £2.3bn to £2.8bn. Total income rose 124 per cent from £14.7m to £32.9m, while adjusted operating profit rose 237 per [...]
UK incomes have stalled since 2016, but economists aren’t blaming Brexit March 5, 2020 Incomes have stalled and inequality has risen in the UK since 2016, official figures showed today, highlighting the size of the task the government faces in “levelling up” the country. The Office for National Statistics (ONS) said that growth in median income stalled between the 2016-17 financial year and 2018-19, growing on average 0.4 per [...]
BBC must avoid ‘narrow urban outlook’, warns new culture secretary March 5, 2020 The BBC must avoid a “narrow urban outlook” if it is to survive in the modern media landscape, the new culture secretary has warned. In his first major attack on the broadcaster, Oliver Dowden took aim at the BBC’s perceived bias and its failure to reflect the whole of the UK. “If we’re all honest, [...]
Aviva shares rise on record profit but insurer takes £500,000 coronavirus hit March 5, 2020 Insurance giant Aviva this morning reported a jump in profit but said it had taken a £500,000 hit from coronavirus claims. Shares rose 3.42 per cent as the company announced record profit, but it also warned that the outbreak of coronavirus had exacerbated the “significant uncertainty” at the beginning of the year. So far Aviva has [...]
New Bank governor seems open to battle of ideas March 5, 2020 Andrew Bailey will take the governor’s seat at the Bank of England later this month amid a global health emergency that threatens to undermine the world economy and shape the Bank’s course of action for many months to come. So pressing is the issue that Bailey has effectively started work early, telling the Treasury Select [...]
Women on top: Ex-JP Morgan star Tracey Reddings on how she beat the system March 5, 2020 When you have to work hard for something as opposed to being given it, it means more,” says Tracey Reddings, the former head of JP Morgan’s private banking arm in Britain. She should know. After a glittering career in which she rose from the customer service counter at Barclays bank at age 16 to the [...]
DEBATE: In light of the Barclays protests, are climate activists right to target financial institutions? March 5, 2020 In light of the Barclays protests, are climate activists right to target financial institutions? Adrienne Buller, economist and research fellow at the Common Wealth think tank, says YES. Last week, a leaked JP Morgan report acknowledged that, in a world of accelerating temperature rise, “we cannot rule out catastrophic outcomes where human life as we [...]
Aggressive hiring by US law firms in London winning market share March 5, 2020 The aggressive hiring pursued by US law firms in London is winning them market share at the expense of their UK rivals, research published today said. US law firms operating in the UK averaged 5.8 per cent lawyer headcount growth last year, according to the report from Thomson Reuters and Acritas. Demand for American law [...]