Treasury must come around to the obvious: The UK needs London December 10, 2021 In the mid-1970s, a bankrupt New York City went begging to the federal government in Washington DC for a bailout. It had got itself into immense financial difficulty; indeed, it was bankrupt. The President, Gerald Ford, effectively said no. The New York Post’s headline the day after was simple, but iconic: “Ford tells City: Drop [...]
City’s dominance looks welcome sign of post-Brexit innovation December 8, 2021 If the capital is a golden goose, it is looking well-stuffed indeed ahead of Christmas. The latest numbers from TheCityUK on the scale of the UK’s financial services industry serve as a healthy reminder of just what a competitive advantage the industry gives both London and the UK more broadly. If anything, the most extraordinary [...]
The City View: December 7: Interest rates and the future of SSE December 7, 2021 In today’s episode, City A.M. editor Andy Silvester sits down with economics and markets correspondent Jack Barnett to read the runes on the latest economic data and what it might suggests about the Bank of England’s next move. Andy also looks at new house price numbers, trouble with activists at SSE and growing activity from [...]
The City View: December 6: Inflation, Labour’s pro-business push and flooding risks December 6, 2021 Today Andy Silvester looks at a warning from a top Bank of England rate-setter, news from the digital ads market, Chinese property firm Evergrande’s latest struggles against its debt burden and more news on the new Covid variant. Andy is also joined by Sascha O’Sullivan and Elena Siniscalco, who offer their views on politics, Keir’s [...]
Learn the right lessons from Australia’s barmy shutdown December 3, 2021 It is hard to say whether history will look warmly, or otherwise, on Australia’s response to the Covid-19 pandemic. When the virus first emerged, the country shut down – and shut down hard. It is only in recent weeks that even Aussies, of whom there are so many in London, were even able to contemplate [...]
Trafalgar Square tree can be a sign of a bright new West End future December 3, 2021 The lighting of the Christmas tree has been a cherished tradition in Trafalgar Square since 1947 – when that first Norwegian spruce was lowered into place, a token of thanks from the Norwegian people for the support Britain gave to the country after they suffered Nazi occupation during the Second World War. The lighting up [...]
The City View: December 1: Variant hopes, Seedrs deal and EY on sustainability December 1, 2021 On this episode of the City View podcast, City A.M. editor Andy Silvester looks at market reaction to news the Omicorn variant may not be as bad as first feared, two big tech deals and new OECD predictions. Andy is also joined by EY Chief Sustainability Officer Steve Varley, who tells us what the Big [...]
The City View: November 29: Variants and markets, Twitter departures and inflation concerns November 29, 2021 In today’s episode of the City View podcast with City A.M. editor Andy Silvester, it’s markets on the mind. Despite variant fears the FTSE shrugged off concerns on Monday in attempts to brush off Friday’s losses. There’s also big news from twitter, updates from travel companies and good news at Irn Bru maker AG Barr.
The City View: November 26: A new variant, the FCA modernises and LinkedIn on proximity bias November 26, 2021 In today’s episode of The City View, editor Andy Silvester looks at European market reaction to the new variant of Covid-19 that has emerged in South Africa, the FCA’s plan to become a more modern regulator, and speaks to LinkedIn’s UK country manager Janine Chamberlin on the future of work.
The City View: November 24: Mulberry, Britvic and short-term rentals November 24, 2021 In today’s episode of the City View, the daily podcast from City A.M., Editor Andy Silvester discusses the morning’s results – from a bumper Asian quarter for luxury fashion brand Mulberry to Britvic getting its post-lockdown fizz back. Andy is also joined by Amiad Soto, the Israeli entrepreneur behind short-term rental firm Guesty, on a [...]