UK minister warns semiconductor industry cannot ‘recreate Taiwan in south Wales’ August 3, 2023 The UK chip sector cannot “recreate Taiwan in south Wales,” tech minister Paul Scully has said, amid concerns that the UK has not pledged enough investment to compete internationally. Speaking to the Financial Times, Scully said that the UK must focus on advanced manufacturing and design instead of looking to out muscles rivals such as [...]
Reform business rates to keep food prices low, retail sector warns October 31, 2023 The rate at which food prices are increasing sank to its lowest level since last summer this month, as sector heads make fresh calls to the government to slash business rates to ensure the deceleration continues. According to the latest reading from the British Retail Consortium (BRC) food inflation came in at 8.8 per cent [...]
Labour’s employment reform unveiled: Insights for City of London employers from the King’s Speech July 17, 2024 In today’s King’s Speech [17th July 2024], King Charles III outlined the UK government’s legislative agenda for the new parliamentary season, highlighting Labour’s ambitious plans for employment reform, particularly on race equality and workers’ rights. Sir Keir Starmer, in his inaugural King’s Speech, reiterated his commitment to enhancing workers’ rights and empowering trade unions. The [...]
Businesses call on Chancellor to boost regional growth by investing in tourism November 14, 2022 Businesses have called on Chancellor Jeremy Hunt to boost regional growth by investing in travel and tourism. Advocacy group BusinessLDN has called for the reintroduction of VAT-free shopping for international arrivals, as well as ramping up Border Force personnel to speed up queues at airports and ease visa processes for low-risk visitors such as children. [...]
City AM ESG Impact Campaign Welcomes New Partner SIGWATCH, Amplifying its Commitment to Activism. October 30, 2023 The City AM Environmental, Social, and Governance (ESG) Impact Campaign is excited to announce a new addition to its influential partner network. This partnership with SIGWATCH, a data provider and consultancy specialising in activism and NGO behaviour reinforces the campaign’s commitment to addressing key issues of concern to businesses and governments, ranging from sustainability and [...]
We used to overlook tourism in the City, now it must become the key to its recovery June 26, 2023 Can we make the City more than just the business district of London?
Self-driving cars will bring vital innovation to our roads – but we need new laws for it to work April 26, 2023 Self-driving cars will make our roads safer, bringing innovation to the UK. But we need regulation and clarity to ensure the industry can trust us as a place where it can flourish, writes Ben Everitt
Travelodge hits record profits as staycation breaks continue post-pandemic May 15, 2023 Travelodge, the UK’s largest independent hotel brand, has reported results significantly ahead of its previous record year in 2019, as Brits continued to opt for staycation breaks and business travel. The London-listed hotel company, which offers cheap beds in the UK Spain and Ireland said that revenues were up 25 per cent from 2019 to [...]
Close Brothers shares collapse after FCA auto finance probe forces it to scrap dividend February 15, 2024 Shares in Close Brothers have collapsed after it scrapped dividend payouts for the current financial year and put 2025 rewards under review, with the group bracing for potential compensation costs from a motor finance review by the City watchdog. The news sent the group’s shares down 28 per cent in London on Thursday morning. Close [...]
Fibre advancing ‘like fury’ but will £5bn infrastructure spend turn round BT’s share price woes? February 2, 2023 BT reported a solid third quarter of the year in a statement to markets this morning, with boss Philip Jansen hailing a “transforming” firm. Revenue in the three quarters to the end of December crept up to £15.6bn, a small fall on last year which the firm put down to inflationary headwinds and legacy product [...]