City A.M. Awards 2022: Personality of the Year April 5, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
Ukraine war is dramatically dialling up risk of global recession April 5, 2022 The war in Ukraine has dramatically dialled up the risk of a global recession, according to leading economist. The conflict has thrown a ‘massive monkey wrench’ into what was a gradually improving post-pandemic picture, Ira Kalish, chief global economist at Deloitte told delegates at the World Retail Congress in Rome. And it could have damaging, [...]
Letters: Housing, interrupted April 5, 2022 [Re: House price growth hits highest level since 2004 with record average of £265.3k, March 31] New figures released by the Nationwide house price index defy premature predictions of slowing prices in early 2022. An increase in average house prices of 20 per cent in the last two years is a shocking figure which coincides [...]
Exclusive: The boss of London’s oldest office provider returns from retirement to drive the City’s bounce-back April 4, 2022 As we passed the two-year anniversary of the first lockdown last month, City A.M. sits down with the CEO of London’s oldest office provider, who came out of retirement to drive the business’ post-Covid recovery. Shedding light on how the business and City has suffered, Argyll CEO John Drover reveals to this paper how his [...]
FBI raids £91m luxury yacht of Putin oligarch ally in Mallorca: ‘We are coming for your ill-begotten gains’ April 4, 2022 Spanish Civil Guard officers, together with agents from US intelligence agency FBI, are searching a yacht owned by an oligarch with close ties to the Russian president Vladimir Putin, Spanish media report. They descended on the vessel at the Marina Real in the port of Palma de Mallorca, the capital of Spain’s Balearic Islands, this [...]
Jeremy Vine’s daily talk show taken off air on Channel 5 following bizarre power shortage at ITN April 4, 2022 A “significant” power shortage at ITN Productions prompted the company to take Jeremy Vine’s show off air on Channel 5. The daily talk show was replaced with re-runs of Million Pound Home after power and the back-up generator reportedly failed early on Monday. Staff at ITN Productions received an email at 8.30am which said there [...]
Partygate scandal: Government’s former ethics chief Helen MacNamara reportedly fined £50 over lockdown bash April 4, 2022 Helen MacNamara, who used to be the deputy cabinet secretary and former ethics chief for the government, is said to be among the first group of people to receive a fixed-penalty notice (FPN) from Scotland Yard as part of its investigation into alleged lockdown-breaching parties in Downing Street and Whitehall. The Daily Telegraph reported that [...]
Other half speaks out: David Warburton’s wife thinks Tory MP accused of sexual misconduct has ‘not done anything wrong’ April 4, 2022 David Warburton’s wife and family are reportedly standing by him as the Conservative MP faces an investigation into his alleged misconduct. Warburton’s brother-in-law, Jonathan Baker-Bates, said the Tory and his wife believed he had “not done anything wrong”. Speaking to the Daily Mail, Mr Baker-Bates, brother of Harriet Warburton – the MP’s wife of 20 [...]
Value of serviced office providers’ portfolios drops £1.4bn after Covid April 4, 2022 Goliaths in the office space sector have taken their first hit as the value of their property portfolios has dropped. The value of the largest serviced office providers’ estates have fallen to £24.3bn from £25.7bn in the previous year, according to law firm Boodle Hatfield. Since 2017, the value of office space providers has leaped [...]
Tottenham Hotspur throw down gauntlet to Arsenal with Newcastle thrashing April 3, 2022 Over to you, Arsenal. On a weekend when Manchester United lost more ground in the race for the Champions League places and West Ham United moved to within a win of the top four, Tottenham Hotspur threw down the gauntlet with a 5-1 rout of Newcastle United. Spurs dislodged the Gunners from fourth place on [...]