Official document confirms government plans to soften end date for transition period after Brexit February 21, 2018 The UK government has softened its position around how long a Brexit transition period should last, with official government documents calling on the EU to rethink its stance that transition should end on New Year’s Eve 2020. The document, published by the Foreign Office today, states: “The UK believes the period’s duration should be determined [...]
Unilever’s board has now lost the Lynx effect with UK investors, a new era for spin city and a hand from above October 5, 2018 How ironic that one of the world’s great consumer marketing machines – responsible for brands like Lynx, Persil and Magnum – should be making such a hash of a sales pitch to its own investors. Unilever’s insistence that it remains “confident” of winning this month’s vote to scrap its British headquarters sounds more strained by the [...]
TfL bosses stopped claiming expenses during the summer as the Elizabeth Line hit the rocks November 15, 2018 Transport for London (TfL) bosses did not claim any expenses over the summer while it was embroiled in troubles regarding the £15.4bn Elizabeth Line. From July to September, TfL bosses claimed no expenses for work-related activities such as travel costs, dinners and work mobile phones for the first time since 2013, the first year for which data is available. In 2013, [...]
City Moves for 12 September 2018 – who’s switching jobs at WH Ireland, LGB Corporate Finance and Global Processing Services? September 12, 2018 Today's City Moves covers compliance, finance and payment services. Take a look at these movers and shakers: WH Ireland WH Ireland has appointed the highly experienced Susan Brooksbank, as the group’s head of compliance and risk. This appointment comes at a crucial time, as regulatory demands on firms continue to increase and WH Ireland looks [...]
The City helps fuel economic growth right across the country, so be wary of those who want to clip its wings October 28, 2018 One of the most pernicious elements of Labour's current economic platform is the idea that the City is entirely distinct from (and damaging to) the so-called real economy. Jeremy Corbyn and John McDonnell's stump speeches routinely contain attacks on predatory bankers, fat-cats and financial speculators. The labour leader also seems to have a personal vendetta against [...]
UK universities to stick with Huawei despite Oxford university’s decision to suspend funding January 18, 2019 A number of UK universities are standing by their relationship with Huawei despite the University of Oxford's stance to suspend all funding and donations from the Chinese technology firm. Oxford university announced the decision to no longer accept money from the company on Thursday, citing “public concerns raised in recent months surrounding UK partnerships with [...]
Sadiq Khan cuts thousands of homes from Old Oak Common project amid funding pressures October 16, 2018 London mayor Sadiq Khan has slashed thousands of homes from a flagship housing project in Old Oak Common while it waits for approval for more government funding. City A.M. understands that the decision to pull the 2,250 homes was due to concerns around a lack of government funding. In January, the Old Oak and Park [...]
Prime Minister shoots down report that financial services Brexit deal is almost secured November 1, 2018 The Prime Minister today denied reports that a Brexit deal to provide London’s financial services firms access to European markets is almost secured. The City’s access to financial markets in the EU after the UK exits the bloc next year would be based on the EU’s so-called equivalence system, according to a report in The Times this [...]
City Moves for 28 September 2018 – who’s switching jobs at Dynamic Planner, Agilitas and Fladgate? September 28, 2018 Today's City Moves covers risk modelling, private equity and legal eagles. Take a look at these movers and shakers: Dynamic Planner Dynamic Planner has appointed Abhimanyu Chatterjee as its new head of asset and risk modelling. Abhi will head up Dynamic Planner’s asset and risk modelling team reporting to new proposition director Chris Jones, [...]
How to build a creative culture at your business December 3, 2018 Why is it that certain places produce explosions of creativity at moments in time? Nearly 20 years ago, London’s East End was the birthplace for grime music, with Wiley and Dizzee Rascal setting the pace for a cultural movement now led by artists like Stormzy. Pop art, punk, disco and hip-hop all exploded out of [...]