Keir Starmer proposes UK ‘recovery bond’ and loans for 100,000 new businesses February 18, 2021 Sir Keir Starmer has proposed giving start-up loans to 100,000 new UK businesses and creating a new “British recovery bond” in a bid for Labour to forge a “new partnership with business”. Starmer’s set piece speech outlined his party’s new economic policy direction under his leadership, saying that “for too long Labour has failed to [...]
Exclusive: Brewin Dolphin’s CEO on Brexit, pandemic market sentiment and why ESG is not so clear-cut February 18, 2021 As the City comes to terms with a new post-Brexit reality and slowly looks towards a post-pandemic recovery, City A.M sits down with the CEO of one of the Square Mile’s best-known investment managers, Robin Beer of Brewin Dolphin. Beer, who joined the firm in 2008, initially managed the Nottingham office and was regional director [...]
Remote working will come at a cost, FTSE and S&P 500 hiring execs warn February 18, 2021 Remote working will come at a cost, FTSE and S&P 500 hiring execs warn
The future of cities: The age of urban miracles is not over February 18, 2021 Will the Covid-19 pandemic permanently derail our urban world and end the eminence of the greatest global cities, like London? The answer depends on whether the switch to working from home is permanent. Our city centres are ghostly quiet because so many of us have stopped commuting and are dialling into our jobs. But not [...]
UK house prices grow at fastest pace since 2014 – but London property slumps February 17, 2021 UK house prices grew at the fastest pace in more than six years in December, but property price growth in London slowed, according to the latest official data. The average price of a house in the UK increased 8.5 per cent in the year to December, up from 7.1 per cent in the previous months, [...]
City Moves 17 February: Who is switching jobs in the Square Mile this week? February 17, 2021 Snakes and Ladders provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. This week we see movements across the financial sector, with the City of London Group, BNP Paribas and Gateley Capitus all welcoming fresh additions. BNP Paribas AM gets new deputy CEO BNP Paribas Asset Management appointed a [...]
City of London Corporation approves new ‘green’ tower at 70 Gracechurch Street February 16, 2021 The City of London Corporation today (16 February 2021) approved another tall building development, showing a significant vote of confidence in the future of the Square Mile and a strong start to 2021. Developers Tenacity, who last month received planning permission for a 30-storey development at 55 Gracechurch Street, have now also been awarded permission for [...]
Labour should become the party of AI and tech under Keir Starmer February 16, 2021 Sir Keir Starmer has had a rough start to 2020. The Labour leader has taken a battering in the past few weeks for a perception that Starmerism has no impetus or direction, leaving some pundits to question whether he has cut through beyond the SW1 bubble. While much of this criticism should be dismissed when [...]
EU Brexit chief Maros Sefcovic says Northern Ireland issues to be fixed by 24 February February 16, 2021 European Commission vice president Maros Sefcovic has told Irish lawmakers today that he wants Northern Ireland’s post-Brexit issues solved next week. Sefcovic, who is in charge of UK-EU relations for Brussels, said he wanted the border problems solved by the end of his meeting with Cabinet Office Minister Michael Gove on 24 February. He also [...]
Some City investors are starting to get nervous about inflation February 16, 2021 The UK will release new inflation data later this week, but if recent investor comments and analyst notes are anything to go by, it is becoming increasingly clear that some within the investment community are starting to get nervous about inflation. According to last month’s figures by the Office for National Statistics (ONS), the UK’s annual [...]