Top law firms feel the heat as clients are delaying payment by an average of 130 days, says a study from Edward Drummond July 11, 2017 Top UK law firms are having to wait an average of 130 days to get paid by clients for their work, a new study has revealed. The data, collated by executive search and market research firm Edward Drummond, shows that this payment period for the 100 highest-ranked firms was 19 per cent longer than the [...]
Mayor of London Sadiq Khan wants to make the capital a world leading smart city June 12, 2017 London mayor Sadiq Khan has revealed ambitious plans to tackle climate change in the city with the help of tech startups and make the capital a world leading “smart city”. A new incubator, Better Futures, will help 100 small businesses in the capital with funding and other support to create low-carbon and climate friendly technology. [...]
Editor’s Notes: Tory immigration policy will harm the City and our economy, Corbyn’s deleted Chavez past and City AM founders included in Change Makers series May 26, 2017 Back when George Osborne was chancellor and Theresa May was home secretary, the pair would argue over the wisdom of seeking dramatic reductions in net migration. May was obsessed with the idea, and clearly still is, whereas Osborne was instinctively more comfortable with the view that immigration was nothing to worry about and the benefits [...]
Two-thirds of workers feel unsupported by managers over mental health issues as the City ramps up its efforts to improve | City A.M. May 8, 2017 More than 150 City firms spanning banks, professional services companies and law firms, are teaming up to try and change how mental health in the workplace is dealt with. Thousands of staff in the City of London, and across the UK, will wear green ribbons as part of a campaign, inspired by PwC’s Green Light [...]
Westminster terrorist attack: Four people killed including police officer stabbed by attacker after pedestrians mown down by car on Westminster Bridge March 22, 2017 Four people have been killed and around 40 others injured in a terrorist attack in Westminster, Scotland Yard said. The attack began when a car ran down pedestrians on Westminster Bridge. A police officer was subsequently stabbed and died as a result of the injuries sustained. He was named as 48-year-old Keith Palmer. Police said [...]
Theresa May: The Queen will sign Article 50 into law “in the coming days” March 14, 2017 Theresa May has hinted she is in no rush to begin the process of leaving the European Union, saying the Article 50 Bill, which was passed last night, will receive royal assent "in the coming days". In a speech to the House of Commons in which she signalled a steady approach to negotiating the UK's [...]
London mayor Sadiq Khan says hard Brexit won’t benefit Europe as banks would move to New York, Hong Kong and Singapore March 14, 2017 Sadiq Khan has warned his European counterparts that a hard Brexit wouldn't be beneficial to them, as banks would move to New York and Hong Kong, rather than Paris and Frankfurt. "The point I make to my colleagues across Europe is don't assume so-called 'hard Brexit' benefits you," he said, giving evidence to parliament's Brexit select committee on the UK's negotiating [...]
Budget 2017: The full text of chancellor Philip Hammond’s speech March 8, 2017 Philip Hammond has delivered his first – and last – Spring Budget. Headline announcements included more cash for social care and punishing new rules for the self-employed – plus some vague comments on business rates. Read more: City A.M.'s TL;DR version of the Spring 2017 Budget Here's what he said: Mr Deputy Speaker, I report [...]
Stephen Hawking will be given Honorary Freedom of the City of London today March 6, 2017 Professor Stephen Hawking will be awarded the City's highest honour today, after he is given Honorary Freedom of the City of London. Hawking, whose research into black holes has transformed our understanding of the universe, will be presented with the award by the City of London Corporation at a ceremony at the Guildhall today. Dr Peter Kane, [...]
Leaving the EU without a deal would bring significant tariff and regulatory barriers to trade, the CBI is set to warn at Mansion House March 2, 2017 The CBI has warned that leaving the EU without a deal and reverting to World Trade Organisation (WTO) rules would open a pandora’s box of economic consequences, hurting firms on both sides of the Channel. In a speech this evening to the Lord Mayor’s business and investment dinner at Mansion House, CBI president, Paul Drechsler, [...]