As the City readies itself for the future, firms rethink their office downsize January 25, 2022 Moments after Boris Johnson announced the end of Plan B Covid-19 restrictions the order went out to civil servants to lead by example – and head back to the office. The edict will have reflected a desire to get people back into the capital and breathe new life into the economy, not least the hospitality [...]
Milbank ups stakes in battle for talent with $215,000 salaries for newly qualified lawyers January 23, 2022 New York headquartered law firm Milbank is set to pay its newly qualified (NQ) associates $215,000 (£160,000), as the battle for fresh legal talent rages on into 2022. According to a memo seen by City A.M. newly qualified lawyers in Milbank’s London, Sao Paulo, US and Asia offices will receive a $10,000 pay boost [...]
Conservative Party infighting heats up as rebel Tory MPs mull publishing secret recording and ‘blackmail’ text messages January 21, 2022 Rebel Tory MPs are reportedly considering publishing a secret recording and text messages linked to allegations of “blackmail” from the Prime Minister’s supporters as infighting within the Conservative Party is intensifying. Boris Johnson insisted on Thursday he had “seen no evidence” to support the claim made by senior Conservative William Wragg that his critics were [...]
Stratford and Nine Elms enjoy rental market bounceback amid stock lows January 21, 2022 London areas to have enjoyed an especially strong post-pandemic comeback include Battersea/Nine Elms and Canary Wharf. Alongside Kensington, Stratford and the City of London, these areas have marked 7.5% average growth in rental prices. Growth from pre-pandemic levels has ranged from 5.8 per cent to 8.8 per cent, according to research from JLL. The research [...]
Biden’s new UK ambassador accused of being an ‘amateur diplomat’ January 20, 2022 President Joe Biden has been accused of appointing an “amateur” as his ambassador to the UK by a former diplomat. Former ambassador to France and Monaco under the Obama administration, Jane Hartley was last night announced as London’s new ambassador, who will take up a Georgian-style mansion in Regent’s Park during the role. Hartley, 71, [...]
Christmas sales at Revolution Bars dip as sector welcomes end of Omicron measures January 20, 2022 Revolution Bar Group has posted its disappointing like-for-like sales over the Christmas trading period, when fresh Covid measures hindered pub bosses’ hopes. Like-for-like sales sales for the six week period ending 1 January were down -23 per cent in comparison to the last Christmas before the pandemic struck. Office parties were cancelled in waves as [...]
And they’re off! The Tory party looks for alternatives amid Johnson struggles January 20, 2022 ON Tuesday morning of this week, the furore surrounding Boris Johnson’s attendance at a lockdown garden party in May 2020 appeared to be dying down in Westminster. The Prime Minister’s apology in the house had, it seemed, put judgment day on hold until the publication of the now infamous Cabinet Office report from Sue Gray. [...]
How did theme-park giant Merlin weather the pandemic? January 20, 2022 This article first appeared in ICAS’ CA magazine. Diligence, resilience and diversity are the holy trinity when faced with a global crisis. Robert Galbraith CA, Head of Finance at Merlin Entertainments Japan, tells Nick Scott how the theme-park giant weathered the storm to get hearts racing again Read December/January’s CA magazine now “And he read Principles [...]
Global Britain goes on £11bn Brexit spending spree in Ireland as UK imports jump by a fifth January 18, 2022 Goods imported from Ireland to Great Britain in the first 11 months of last year hit £11.2bn, an increase of more than 20 per cent, according to new figures released in Dublin. Ireland’s Central Statistics Office (CSO) said the main changes were increases in the exports of chemicals and related products and machinery and transport [...]
Trade with Ireland takes a £3bn Brexit hit as UK exports drop by more than a fifth in less than a year January 18, 2022 Exports from the UK to the Republic of Ireland crashed by more than a fifth since Brexit, according to new figures coming from Dublin. Numbers published by Ireland’s Central Statistics Office (CSO) show that the value of goods imports from Great Britain fell by almost £3bn from January to November last year. The drop in [...]