Crossrail to renegotiate pay with Bechtel over ‘value for money’ concerns July 11, 2019 Crossrail is looking to renegotiate the pay and incentives of Bechtel, its delivery partner, amid concerns they are no longer offering “value for money”. Crossrail is angling to restructure the pay of Bechtel to “support the delivery of the revised schedule”, TfL board papers released earlier this week reveal. Read more: Crossrail contractors could ask [...]
Business groups blast government’s back-to-work guidance for lack of clarity July 15, 2021 Business leaders in the UK have slammed yesterday’s renewed government back-to-work guidance for its mixed messages that have “done little to dispel confusion” over returning to the office. BEIS officials published new guidance yesterday – a day later than expected – that called for a “gradual return” to the office from 19 July, as the [...]
Commuter numbers rise to highest level since end of lockdown September 3, 2020 The number of people travelling to work rose to its highest level since the end of lockdown, new data from the Office of National Statistics (ONS) showed today, as the government seeks to encourage workers back to the office. According to the ONS, the proportion of working adults who travelled to their place of work [...]
Exclusive: SPACs on LSE will power ‘IPO bonanza’ in London, says Silicon Valley Bank dealmaker May 22, 2021 To make the UK a more attractive place for investors, the government plans to allow Special Purpose Acquisition Companies (SPACs) to list in London and ease a range of share listing restrictions at the LSE, Jonathan Hill’s report. Hill’s report into future financial services regulation calls for a range of deregulatory measures that aim to “ensure [...]
European Medicines Agency loses £500m ruling over bid to cancel lease amid Brexit move February 20, 2019 The European Medicines Agency (EMA) has lost a court battle to break a £500m London office lease in the wake of its planned move to Amsterdam post-Brexit. In a landmark case for the commercial property industry ahead of Britain’s departure from the EU, landlord Canary Wharf has won a ruling that means the EMA must [...]
Gooooood morning Forty! Party time as Bitcoin breaches $40,000 July 28, 2021 The Bitcoin price is back up at around the $40k level this morning after dipping as low as $36k yesterday, as the markets continue to look volatile this week.
Crypto AM Happy 3rd Birthday June 18, 2021 I t’s hard to believe that the first edition of Crypto AM, a double page spread in City AM, was published on 18th June 2018. My mission was to learn about Blockchain, Cryptocurrencies and Digital Assets and share / translate with the traditional square mile and Canary Wharf workers through the City AM newspaper and [...]
Crossrail contractors could ask for more money to meet opening deadline, EY warns June 10, 2019 Crossrail’s contractors are likely to demand more money if they are rushed towards the new 2019/2020 opening date, auditor EY has warned. The big four auditor has warned Transport for London (TfL) that such an outcome could increase pressure on the transport body, which is already battling the costs of the Crossrail delay. Read more: [...]
City Moves: Who is switching jobs in the Square Mile this week? April 21, 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. In this week’s City Moves, we have a host of newly created roles making their way across the Square Mile. From chief data officers to directors of environment social and governance – the [...]
Bank earnings preview: What to expect in this week’s quarterly results April 26, 2021 While the banking sector has recovered somewhat in the past two months this week the issue of bad loans and customer defaults will be front of mind. The sector set aside billions in provisions for bad loans at the start of the pandemic, expecting a huge increase in defaults. However with thanks to government support [...]