City A.M. TV: A market snapshot September 3, 2021 Following Powell’s dovish speech at Jackson Hole last week, markets have been re-pricing the liquidity environment. In particular, the dollar has been notably weaker, commodity prices have rallied, and equities have pushed out to new highs. In the US that’s been most marked in the S&P500 and the NASDAQ100. The key question therefore, at this [...]
UK food producers push PM to grant 12-month visas to solve supply problems August 27, 2021 Companies from across the UK’s food chain are calling on the UK Government to grant thousands of extra one-off visas to solve Brexit-induced supply chain problems that now threaten to ruin Christmas. Companies and lobby groups representing food production companies from paddock to payment counter want a 12-month visa to be created for HGV drivers [...]
Firefighter wins claim against Fire Brigades Union after suspension for pro-Brexit speech August 5, 2021 A firefighter who sued the Fire Brigades Union (FBU) for unfair dismissal over a pro-Brexit speech has announced he has won his claim. Former FBU executive council member Paul Embery was suspended from his post for giving a speech at a Leave Means Leave rally in March 2019 in London. Embery, now a columnist at [...]
Brexit and Covid impact: More than 90,000 EU workers to have left UK hospitality jobs August 5, 2021 More than 90,000 EU workers left the UK’s hospitality sector in the last year, new figures have revealed. Fresh research from jobs site Caterer.com found that three out of five hospitality employers are now receiving record numbers of applications from UK workers. London was identified as acutely affected by the exodus with the research estimating [...]
Staffline shares pop as recruiter’s profits set to rise despite lorry drive shortages July 28, 2021 Shares in recruiter Staffline popped nearly 10 per cent this morning after it predicted a rise in gross profits for the half year. Revenue for first half is expected to be £450.7m, up from £430.3 million for the same period last year, up 4.7 per cent. Gross profit expected to be £39m, up 14 per [...]
Self-employed: women lost almost double the income than men during the pandemic, survey shows July 28, 2021 Self-employed women lost around 20 per cent of their income during the course of the pandemic, compared to 11 per cent for self-employed men. This is according to a new survey by the insurance provider for small and medium-sized enterprises Superscript, shared with City A.M. The poll surveyed 2,015 male and female sole-traders, freelancers and [...]
Business growth returns across financial services sector in second quarter July 8, 2021 Business volumes across the financial services sector in the second quarter grew at its fastest pace since June 2017, after stalling in the previous quarter. Growth in business volumes across the financial sector in the second quarter was at 40 per cent, its fastest pace since June 2017, and is expected to continue in the [...]
OECD: Covid-19 pushed 22m people out of jobs in advanced economies July 7, 2021 Around 22m more people are now jobless in major economies than before the pandemic, according to new research by the OECD. Of these 22m people living in rich countries that have been pushed out of work during coronavirus, 8 million are unemployed and over 14 million people are classed as inactive. In its annual employment [...]
Former trader at JP Morgan wins case against investment bank over spoofing July 7, 2021 Former trader at JP Morgan wins case against investment bank over spoofing
Page Group shares rise as labour market improves and recruiter predicts £135m profit July 7, 2021 Page Group shares rise as labour market improves and recruiter predicts £135m profit