Chancellor hails London tech success as capital beats European competitors again September 20, 2021 Chancellor Rishi Sunak today hailed London’s bounce back from the pandemic as new figures show the capital is sprinting ahead of rival European tech hubs. London has attracted more venture capital investment to its startups than anywhere else in Europe and now boasts more unicorns – firms valued at more than $1bn – than France [...]
City should brace itself for €900bn Brexit hit if Brussels plays clearing politics September 17, 2021 The City and several financial services groups in Brussels are lobbying for an extension to clearing house access beyond June of next year. Yesterday, a trio of major lobby groups for Europe’s finserv sector called on Brussels to extend the EU’s access to London clearing houses amid warnings of financial instability. The groups wrote to [...]
S4 Capital confirms tech merger after Covid-19 pushed ‘digital transformation’ September 17, 2021 Martin Sorrell’s S4 Capital has confirmed its brand Media.Monks’ merger with digital services firm Zemoga, to bolster its technology services across product design, engineering and delivery. The deal forms part of yet another bout of expansion for the advertising company. Sorrell earlier this week credited the Covid-19 pandemic with accelerating “the speed of digital transformation [...]
Flyer girl outside Liverpool Street station becomes LinkedIn sensation September 17, 2021 An intern handing out flyers outside Liverpool Street station in the City has gone viral on social media after posting a picture of herself online. Anya Jackson, who is currently doing a work placement for dating app Thursday, wrote on LinkedIn: “I did say in my CV that I am prepared to go out of [...]
All new London buses to be zero-emission Mayor says September 17, 2021 Sadiq Khan, the Mayor of London, has announced that new Transport for London (TfL) buses will be carbon neutral, as the UK prepares to host COP26. TfL said in a statement that by the end of next year, ten per cent of London’s bus network will be zero-emission as the network has committed to only [...]
BT to hire 1,000 staff outside of London as part of ‘levelling up agenda’ September 16, 2021 BT is set to hire around 1,000 new staff to fill the broadband giant’s flagship Birmingham office, its first major site outside of London. There are currently some 225 positions available, which will grow over the coming months and years, BT said in a statement. The FTSE 100 has been slowly introducing its workforce back [...]
City hiring spree: Financial services sector’s recruitment plans to break records this autumn September 16, 2021 Employers in London have ambitious plans to increase their headcount as they enter the fourth quarter, according to new research shared with City PM this morning. Even though London’ outlook was the lowest of all regions in the fourth quarter of last year, at minus 13 per cent, businesses in the capital now have one [...]
Reshuffle: Grading fiasco brought down gaffe-prone ‘Private Pike’ Gavin Williamson September 15, 2021 Gavin Williamson came under repeated pressure to resign over his handling of disruption to schools during the pandemic and the fiasco around grading of GCSE and A-level students amid cancelled exams. After more than two years in the job, his time as Education Secretary has finally come to an end as he declared he was [...]
Reshuffle: Dominic Raab pays the price for ‘beach is closed’ holiday in Crete September 15, 2021 Foreign Secretary Dominic Raab has been removed as Foreign Secretary, moving to the Justice Department whilst also being formally appointed as Deputy Prime Minister. His demotion from foreign secretary follows widespread criticism of his handling of the Afghanistan crisis. He was on holiday in Crete as the Taliban swept across the country and was seen [...]
Reshuffle Live: Truss becomes Foreign Secretary after Raab is moved and Williamson sacked September 15, 2021 Boris Johnson’s reshuffle is continuing this afternoon with Liz Truss being appointed Foreign Secretary after incumbent Dominic Raab was moved. Raab has been moved to the justice department, whilst also being formally appointed as Deputy Prime Minister. Other reshuffle casualties include embattled Education Secretary Gavin Williamson, Justice Secretary Robert Buckland and Party chairman Amanda Milling [...]
