Third arrest made as police identify man stabbed to death in Brent Cross shopping centre May 5, 2021 A third arrest has been made as police have identified the 21-year-old man stabbed to death in a north-west London shopping centre. Metropolitan Police officers were called to Brent Cross Shopping Centre at 6.45pm last night following reports of a group of males fighting. The force have said Gedeon Ngwendema, 21, was the victim found [...]
Brexit: UK grants EU ambassador full diplomatic status in end to row May 5, 2021 The UK has today agreed to grant the EU’s post-Brexit ambassador to Britain full diplomatic status in a move that ends a long-running row. In a joint statement, the UK and EU said ambassador João Vale de Almeida would receive “a status consistent with heads of missions of states”. This means he will be given [...]
KPMG staff to leave early in the summer as firm embraces hybrid working May 5, 2021 Staff at KPMG will be able to leave early one day a week during the summertime, as the Big Four firm moves to hybrid working post-pandemic. The Big Four firm has finalised its plans for flexible working in a post-pandemic world. KPMG staff will spend on average just two days a week in the office [...]
Rishi Sunak: Wealthy will be spared from post-pandemic tax raid May 5, 2021 Wealthy families will escape a post-pandemic tax raid earmarked to boost the economy, Rishi Sunak has suggested, as the chancellor praised Britain’s already “very progressive tax system”. Sunak said yesterday that he is “cautiously optimistic” about an upswing in economic growth, as Brits prepare to spare pent-up cash alongside the relaxing of lockdown restrictions. Speaking [...]
Archegos set for insolvency as it braces for legal claims from banks May 5, 2021 Archegos is reportedly planning to file for insolvency as banks seek to recoup their losses after the firm failed to meet margin calls. The collapse of the family office, run by former Tiger Asia manager Bill Hwang, in March saw its brokers take a $10bn hit. Nomura posted its biggest quarterly loss in over a [...]
City Moves: Who’s switching jobs in the Square Mile this week? May 5, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. OneBanks hires ex–Lloyds chief as its first CTO Shared branch banking venture OneBanks has appointed a former Lloyds Bank executive as its first chief technology officer (CTO) this week. Andy Willmot, once [...]
‘I’m somebody who enjoys winning’: Sadiq Khan plots out a second mayoral term May 4, 2021 If the polls are to be believed Sadiq Khan will win Thursday’s mayor of London election by a record margin. Khan’s 20+ point lead has never slipped and his opponents have never laid a glove on him, despite having an extra year of campaigning thanks to Covid. The Labour incumbent has ran an energetic and [...]
Goldman Sach’s London employees to return to the office by 21 June May 4, 2021 Goldman Sachs employees in the UK will return to the office by 21 June, in line with the government’s easing of lockdown that should see the UK largely restriction-free. In an internal memo circulated among staff, and seen by City A.M., chief executive David Solomon said: “We know from experience that our culture of collaboration, [...]
Mayor of London election: Where do the major candidates stand on transport? May 4, 2021 With the 6 May mayor of London election now just weeks away, City A.M. is producing a four-piece series on where the four leading candidates stand on different issues. Today, we look at the transport policies of the candidates from Labour, the Conservatives, the Green Party and the Liberal Democrats. Sadiq Khan Khan said he [...]
Portugal, Israel and Greek and Spanish islands get green light for British holidays May 4, 2021 British holidaymakers have been given the go ahead for international travel to Portugal, Israel and some Greek and Spanish islands ahead of government plans to unveil a travel green list later this week. The Foreign Office this afternoon dropped its advice against non-essential foreign travel to Portugal and the Greek Islands of Rhodes, Kos, Zakynthos, Corfu [...]