Exclusive: Starmer says UK can be better off outside EU than inside July 16, 2022 Labour leader Sir Keir Starmer has told City A.M. that the UK can have a better economic future outside the EU than inside if the government slashes post-Brexit red tape and diverges from Brussels’ regulations. Starmer, formerly a staunch Remainer and advocate of a second referendum, said this can only be done through greater “flexibility” [...]
City Moves: Who’s switching jobs in the Square Mile? July 15, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Westwind Capital London-headquartered Westwind Capital, a new European private equity real estate investment platform has appointed a chief financial officer and chief operating officer, as it builds out its C-suite. Stepping into both roles, Mark Terry brings [...]
1 in 3 Londoners still working from home as Brits demand flexible hours, casual clothing and in-house gyms July 14, 2022 One in 3 Londoner’s are still working from home, the Office for National Statistics said this week. In fact, there has been a sizeable fall in commuters across the UK following the pandemic. As a result, offices are forced to rethink how they serve their workers, with many feeling the need to resemble a home [...]
Police forces must undergo a serious change to attract the best and brightest out there July 14, 2022 On his first day in office, Boris Johnson stood on the steps of Downing Street and committed to recruiting an additional 20,000 police officers by 2023. The commitment was central to the Conservative Party’s manifesto at the 2019 election. What the government is attempting to achieve is no mean feat. As well as recruiting the [...]
Court freezes bankrupt hedge fund Three Arrows Capital’s assets as founders still missing July 13, 2022 A bankruptcy court in New York has frozen the remaining assets of failed crypto hedge fund Three Arrows Capital as its founders still seem to be missing. Federal judge Martin Glenn granted the emergency motion on Tuesday, which comes as the founders of the fund, Zhu Su and Kyle Davies, appear to be evading creditors, CNBC [...]
PageGroup posts record June as firm benefits from wage inflation and short supply of candidates July 13, 2022 Recruitment firm PageGroup posted a record performance for June, marking the second month where gross profit exceeded £100m.
BT set to nearly double in-house digital talent in the UK and India July 13, 2022 BT announced plans to nearly double its in-house digital talent across the UK and India this morning, growing to 6,300 people by 2024.
Rishi, Penny, Kemi or Jeremy: Meet the Tory leadership runners and riders fighting to replace Boris Johnson July 12, 2022 The Tory leadership race gained momentum over the weekend, with opening gambits coming thick and fast from candidates across almost every wing of the party. Rishi Sunak, who wasted no time on Friday in publicly stating an intention to stand, remains an early favourite. But a host of hopefuls, including Nadhim Zahawi, Grant Shapps and [...]
Johnson’s successor has a chance to rekindle the relationship with City Hall July 12, 2022 Transport Secretary Grant Shapps – now a contender to be the next prime minister – wrote to the Mayor three weeks ago regarding the future funding of Transport for London (TfL). His letter included a call to reset strained relations between City Hall and the government. Last week’s events were probably not quite the reset [...]
Investors strap themselves to real estate debt, pouring £590m into BNP Paribas fund July 11, 2022 Investors have poured more than €700m (£592m) into BNP Paribas’ second senior commercial real estate debt fund. The French asset management giant sailed passed its €500m (£423m) target, with investors keen to strap themselves to sturdy funds with a record of navigating financial crises, such as the pandemic. The second fund has snagged more than [...]