City Moves: Who’s switching jobs in the Square Mile this week? January 18, 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. Knight Frank Real estate giant Knight Frank has posted a new partner to its London office leasing team, who will work closely with the capital’s landlords. Mike Voller, who re-joins the firm after six years, will advise [...]
The future of tax in the UK, an expert view January 18, 2022 This article first appeared in ICAS’ CA magazine. Young businesses have the potential to drive post-pandemic recovery – but is the UK’s ageing tax system a help or a hindrance to entrepreneurs? Fraser Allen asks four experts to share their thoughts Earlier this year, the Institute for Fiscal Studies published a blunt assessment of the way [...]
Post Office introduces EasyID digital identity app following Home Office policy change January 17, 2022 Post Office and Yoti have announced the availability of digital identity apps, following the permanent government policy change regarding the use of Digital Identity for Right to Work (RTW) as well as Basic, Standard and Enhanced Disclosure and Barring Service checks.
Banker parachuted in to expel Credit Suisse’s scandal-laden reputation quits over ignoring Covid-19 rules January 17, 2022 The man parachuted in to save Swiss bank Credit Suisse’s crisis-struck reputation quit yesterday after breaching UK Covid-19 quarantine rules. Banking behemoth António Horta-Osório, 57, resigned as chairman of the Swiss lender after an internal probe found he broke Covid-19 measures to attend the Wimbledon tennis finals last summer. The departure of Horta-Osório is the [...]
Record waiting time: Brexit triggers tsunami of trade mark applications as UK firms rush to protect intellectual property January 17, 2022 Brexit has triggered a record number of applications for trade marks in the UK, with 195,000 registered in the past year, up 54 per cent from 127,000 the year before, according to data shared with City A.M. today. Waiting times for trade mark applications reached three to four months in the early part of 2021, [...]
Best and the brightest welcome? Home Office tells Canary Wharf couple to move to China January 17, 2022 The Home Office has told a British Canary Wharf computer expert that he should move to China and live with his PhD-studying girlfriend’s family in Shanghai, after rejecting her visa application. Robert Evans, 30, from Aberdeen met his girlfriend, Lisa Li, 31, from Shanghai, whilst studying for a master’s degree in computer science in the [...]
Week ahead: City braces for more eye watering inflation data January 16, 2022 The City’s attention this week will zero in on latest UK inflation estimates published on Wednesday. Although experts expect the rate of price rises to remain broadly unchanged, investors are likely to gulp at inflation remaining at historically high levels. According to the Office for National Statistics (ONS), inflation hit 5.1 per cent in November, [...]
Google feels lucky in London: Tech giant bets big on London office space in major boost for capital’s global status January 14, 2022 Google is set to pump almost three quarters of a billion into London in a major vote of confidence in the capital’s post-Brexit future. The tech giant has snapped up the entirety of the Central Saint Giles development in which it currently leases office space, marking a major step change in the firm’s commitment to [...]
Asos shares jump after posting ex-Paddy Power boss to board January 13, 2022 Asos has posted the former boss of Paddy Power to its board today, in a move which helped pushed the retailer’s share price up over 10 per cent. The online retailer also announced this morning that it would be shifting to London’s main market, after two decades on the junior AIM index. Patrick Kennedy, who [...]
Nightcap eyes portfolio expansion as CEO ‘proves critics wrong’ after pandemic-launch January 12, 2022 Bar operator Nightcap hit £15.5m in net sales during its first full year of trading, as it lines up 25 new site openings this year. Boss Sarah Willingham, whose group owns Tonight Josephine and the London Cocktail Club, told CityA.M. she had “never been prouder” to work in hospitality than during the pandemic. The company [...]