Alternative investments: predictable uncertainty in private markets April 19, 2022 With experience, investment professionals acquire a better understanding of markets, become more confident of their abilities and conclude that they can interpret the world more precisely. The philosopher Karl Popper offered his take on the main issue with such determinism during a 1965 lecture titled ‘Of Clouds and Clocks: An Approach to the Problem of Rationality [...]
Cost of living crisis: High earners with salaries of at least £50k offered more and greater pay rises April 19, 2022 High earners are most likely to have been offered pay increases as the rising cost of living begins to bite, according to new research shared with City A.M. this morning. As inflation grew to its highest level in three decades and 22 million households brace themselves for soaring energy bills, a YouGov survey carried out on behalf of global [...]
Wayne Rooney blames Candy Crush tycoon Mel Morris following Derby relegation April 19, 2022 Manager Wayne Rooney has pointed the finger at former Derby owner Mel Morris after the club’s relegation to the third tier was confirmed. The former English champions, who were penalised 21 points for financial infringements, can no longer avoid the drop following Monday’s defeat at Queen’s Park Rangers. Derby have played most of the season [...]
Jacob Rees-Mogg: Civil servants must ‘rapidly return’ to offices April 19, 2022 Ministers are reportedly being told to send a “clear message” to civil servants for a “rapid return” to offices. Up to three quarters of staff are still working from home, according to The Telegraph, as Whitehall sources accuse a “silent majority” of officials of not “pulling their weight. Jacob Rees-Mogg, the minister for government efficiency, [...]
Commuter belt office space surges in popularity as workers flex hybrid options April 19, 2022 The commuter belt has become the new worker hub as people opt for co-working spaces rather than longer commutes. New data from office space provider IWG, which manages brands Regus and Spaces, found that there was a 91 per cent rise in attendance in Maidenhead in March compared with the month before. Meanwhile, homely towns like Hemel Hempstead [...]
Bosses who shelve flexibility should prepare for ‘a wave of departures’, says study April 19, 2022 Bosses who put flexibility on the back burner are “setting themselves up for a wave of departures”, a new study shared exclusively with City A.M. today has revealed. Non-executive staff are nearly twice as likely as their bosses to be working from the office five days a week, according to the study by Future Forum, [...]
Non-EU migration increase paints a positive picture – but not the whole story April 19, 2022 At points over the past few years – amid apocalyptic warnings of Brexit’s impact on the capital and then Covid-19’s actual impact on our streets – there have been moments when you’d be forgiven for wondering about the future prosperity of the Square Mile and the wider London area. As life has returned to our [...]
Champions Cup two legged ties introduced new spark to European rugby April 18, 2022 Some said the past fortnight’s two legged ties would kick the life out of European rugby. Others said it would be one of the best changes the governing body, EPCR, could make to liven up the continental season. Well, after the weekend’s second leg matches, it’s clear that the latter opinion has won out. It [...]
Brits face more travel chaos as they flock home after Easter break April 18, 2022 The UK is bracing for more travel disruption as millions of Brits are expected to return today from their holidays. According to the RAC, around 3.96 million motorists will get on the road, causing delays of many major arteries, while thousands of people reported “nightmare queues” at Paris Gare du Nord’s Eurostar gates following an [...]
New law to protect family savings set to be unveiled this week April 18, 2022 New laws to protect shoppers’ money in savings clubs are to be announced by the government this week. Savings clubs allow shoppers to pay for goods and services in instalments throughout the year, instead of in one go. These savings are currently not protected as they would be in a bank account by the Financial Services Compensation Scheme. However, [...]