City patience over Brexit wears thin as DUP impasse continues while Davis admits no impact assessments, Hammond admits no “end state” discussions December 7, 2017 City chiefs are rapidly losing patience with the government’s handling of Brexit negotiations, as the deadlock on the Irish border continues to hold back talks. There was no end to the deadlock on the Irish border proposal yesterday, despite a “constructive” phone call between Theresa May and Arlene Foster, leader of power-brokers the DUP. The [...]
City Moves for 1 October 2018 – who’s switching jobs at Deloitte, Cambridge Economic Policy Associates and Bailey Montagu Executive Search? October 1, 2018 Today's City Moves cover advisory, consulting and executive search. Take a look at these movers and shakers: Deloitte Deloitte has appointed Chris Graves as a partner in its advisory corporate finance practice. Chris will lead the firm’s technology, media and telecoms (TMT) mergers and acquisitions (M&A) team. Chris joins Deloitte today from GP Bullhound, the [...]
The battle for London’s business: Behind the scenes, European cities are on a charm offensive to attract City jobs October 24, 2018 Behind the scenes, European cities are on a charm offensive to attract City jobs, finds Jasper Jolly WITH Brexit negotiations reaching fever pitch, all eyes are fixed on the politicians wrangling over the UK’s new place in the world. But behind the scenes another battle is going on, with well-funded campaigns vying to attract business [...]
Farewell Fairburn: Persimmon boss asked to leave after £75m bonus backlash November 7, 2018 The fate of under-fire Persimmon boss Jeff Fairburn was finally sealed this morning, with the chief executive resigning in the wake of one of the most heated corporate pay rows since the financial crash. Fairburn, who was the UK’s highest paid boss in 2017, is to leave at the end of the year “at the [...]
We’re switching on the superfast Square Mile and connecting the City to the future October 23, 2017 We’ve all been there before, when our internet connection drops out or is constantly buffering. That is why it is hardly surprising that London ranks twenty-sixth out of 33 European capitals in terms of broadband speed. Two decades ago, in 1997, wifi was invented and first released for consumers at a speed of two megabits [...]
Q&A: Adam Tooze on the financial crisis, Trump and the City of London after Brexit September 25, 2018 Ten years after the start of the financial crisis, Columbia University historian Adam Tooze’s epic work of economic history, Crashed, describes a world still coming to terms with its aftermath. He spoke to City A.M. about the US, the City of London, and where the next crash could come from. Why write this book [...]
City watchdog boss rejects calls for financial services deregulation post-Brexit October 2, 2018 The chair of the Financial Conduct Authority today said that the City regulator will not engage in a “race to the bottom” after Brexit in a bid to preserve the UK’s position among global financial centres. Charles Randell said calls for deregulation from some quarters of the financial sector show that “some memories are beginning [...]
Brexit deal live: UK would vote to remain in EU in a second referendum January 17, 2019 Hello and welcome to our Brexit vote live blog. Stay tuned for reaction to Labour's no confidence vote yesterday, after Theresa May's Brexit deal slumped to a historic defeat in parliament on Tuesday night. Please manually refresh this page for the latest updates What you need to know: The Prime Minister’s deal was defeated by [...]
Editor’s Notes: Predictions are for fools, but here are a few to mull over, may the bitcoin ride continue in 2018 and the best statistic of the year December 22, 2017 Winston Churchill once said “I always avoid prophesying beforehand because it is much better to prophesy after the event has already taken place.” Wise words, which were roundly ignored at a City lunch this week where we went around the table to offer our predictions for 2018. Contributions ranged from the sensible to the more [...]
City Moves for 4 September 2018 – who’s switching jobs at Hyperoptic, Brown Rudnick and Eve Sleep? September 3, 2018 Today's City Moves cover telecoms, legal eagles and mattress retail. Take a look at these movers and shakers: Hyperoptic Boris Dragovic has been appointed as chief strategy and transformation officer at Hyperoptic, the UK’s largest gigabit broadband provider. Boris will be responsible for ensuring that Hyperoptic has a winning strategy to bring cutting-edge broadband services [...]