Travis Perkins: Toolstation owner slashed 400 jobs and 19 branches as slowdown hit construction sector February 28, 2023 Builders’ merchant Travis Perkins has revealed it axed 400 jobs and shut 19 branches at the end of last year as a slowdown in the construction sector hit its bottom line. The group, which owns the Toolstation chain, said it was forced to take some “difficult decisions” to slash costs by £25 million this year. [...]
Reasons to be positive about the Chancellor’s Mansion House Reforms July 13, 2023 Lord Holmes examines this week's Mansion House reforms where he welcomed significant potential, and reasons for optimism.
Victoria Scholar: The economic clouds are parting – for housebuilders, at least February 8, 2024 Victoria Scholar is head of investment at interactive investor and writes a fortnightly notebook for City A.M. In a surprise announcement, Britain’s largest homebuilder Barratt Developments has offered to buy smaller FTSE 250 rival Redrow in a £2.52 billion deal. The announcement skyrocketed shares in Redrow, while Barratt extended its year-to-date declines. The new ‘Barratt [...]
Sexism in the City: MPs to investigate barriers for women and ‘alpha male’ culture in finance July 14, 2023 MPs are set to investigate barriers faced by women in finance, in a new probe into sexism in the City of London. The treasury committee is calling for evidence for its inquiry into progress on ending gender pay gaps and how firms, government and regulators can tackle misogyny and harassment. Harriett Baldwin, treasury committee chairwoman, [...]
Labour or Conservative, all of our plans for the housing crisis are an anachronism July 31, 2023 All of our plans for the housing crisis focus on old-school analogue solutions in a digital age, writes Michael Beckerman.
Legal sector talent war drives boom in London office market December 5, 2022 Britain’s top law firms are driving a surge in demand for City office buildings in their efforts to win over talent and meet their ESG goals. Law firms have taken up a record 1.5m square foot of office space in 2022, following a series of big deals involving Britain’s top firms, data from Knight Frank [...]
FT undergoes B2B subscription rebrand in growth drive July 10, 2023 The Financial Times (FT) has given its B2B service a makeover in a bid to attract more subscribers and boost revenue. Rebranded as ‘FT Professional’, the British broadsheet has freshened up its infamous pink palette with a splash of mint green. Catering to over 8,000 businesses, governments and educational institutions worldwide, FT Professional aims to [...]
Keeping the crown on: the drive for social mobility in financial services May 4, 2023 Who has been watching ‘The Gold’ on BBC iPlayer? Aside from it being a great bit of TV, there was one quote that stuck in my mind. “I do a lot of reading, Micky, about England, about the way it was. And the funny thing is, right, this country, it wasn’t always like this, there [...]
HS2 will not reach Euston without private investment October 5, 2023 HS2 will not be extended to Euston unless enough private investment is secured.
Exclusive: Tech chiefs look to win over pension funds on UK ‘sovereign wealth fund’ plans March 6, 2023 Tech and fintech industry chiefs have met with some of the City’s top pension funds as part of plans to create a UK “sovereign wealth fund” that could help unleash a wave of funding into the UK’s tech startups, City A.M. can reveal.