AS IT HAPPENED – LIVE BLOG: Boris Johnson clings on as Tory rebellion gathers pace July 6, 2022 The prime minister is under increasing pressure to quit amid a series of high-profile cabinet resignations over the last 48 hours. Over the course of Wednesday’s drama, we followed all the latest news, opinion and analysis from Westminster on ourCity AM’s live blog. From resignations and letters of support, to the latest policy changes and [...]
Wounded Boris Johnson in fight of his life after shock resignations: Westminster numb as UK wakes up with new chancellor July 6, 2022 After a night of high drama in Westminster, which saw a pair of Cabinet resignations and a series of Government exits threaten to force the Prime Minister from Number 10, Boris Johnson fights on this morning to save his premiership, or what is left of it. Rishi Sunak quit as chancellor on Tuesday, alongside Sajid [...]
Make-or-break day for Boris Johnson as Tory calls for PM to resign grow louder after Sunak and Javid flee cabinet July 6, 2022 Prime Minister Boris Johnson wakes up to growing calls to resign after a wave of Government exits, including Cabinet resignations, are threatening to end his time in No 10. Rishi Sunak and Sajid Javid resigned immediately after the Prime Minister apologised for giving former deputy chief whip Chris Pincher a top job despite knowledge of [...]
‘Game over, Boris’: Papers give merciless verdict after night of drama in Westminster with Sunak and Javid gone July 6, 2022 “Game over”, declares the headline of The Times’ this morning, which adds it “is a mistake” for the Prime Minister to continue clinging to power because he “has lost the confidence of his party and the country”. It is one of the merciless headlines this a.m. as the national mastheads paint a grim picture for [...]
It’s a strike: Ten Entertainment smashes 2019 sales as families flock back to bowling alleys July 6, 2022 Bowling firm Ten Entertainment posted sales growth of 52.6 per cent in the first half of 2022 compared to 2019 levels thanks to "record-breaking" bank holidays.
Solicitor General Alex Chalk follows Rishi Sunak and Sajid Javid and resigns as Tory MP cannot ‘defend the indefensible’ July 6, 2022 Cheltenham MP Alex Chalk has confirmed his resignation as Solicitor General. In a letter to Boris Johnson, Mr Chalk said it was “with great sadness” he was quitting the post but added he could not “defend the indefensible”. He wrote: “To be in government is to accept the duty to argue for difficult or even [...]
City office provider buys back full portfolio amid record interest July 6, 2022 London office provider Office Space in Town (OSiT) has claimed full ownership of its portfolio, City A.M. can reveal today, as it looks to grow its portfolio into a £1bn powerhouse before the end of the decade. The company, which has a market capitalisation of some £220m, has snapped up the remaining 80 per cent [...]
Nadhim Zahawi hastily confirmed as new Chancellor as Boris Johnson’s cabinet crumbles in front of nation’s eyes July 6, 2022 Nadhim Zahawi is the new Chancellor, Downing Street has confirmed. He will move from the post of education secretary, to be replaced by Universities Minister Michelle Donelan. Boris Johnson has responded to Rishi Sunak’s departure as chancellor, saying he was “sorry” to have received Mr Sunak’s resignation letter and praising his “outstanding service”. In a [...]
Rishi Sunak and Sajid Javid quit cabinet as PM on the brink July 5, 2022 Rishi Sunak and Sajid Javid have both sensationally resigned from cabinet, leaving Boris Johnson’s government on the brink of collapsing. The two resignations may spell the end of Johnson’s premiership as more ministers are now likely to resign in anger with Johnson’s handling of the Chris Pincher sexual misconduct scandal. Johnson’s chief of staff Steve [...]
The next 75 years: will generalists or specialists prevail? July 5, 2022 To generalise or specialise? From the vantage point of 1947, when four financial analyst societies joined forces to create the federation now known as CFA Institute, that question may have had a different answer than it does for investment professionals today. Concentrated in New York and London, finance was hardly the world-spanning sector of 2022. [...]