Around 500 farmers with UK visas are trapped in Belarus after the flight ban May 28, 2021 Around 500 farmers from Belarus, who were recruited under a government visa scheme, have been left trapped in Belarus after the UK banned flights from the country this week. Trying to help the UK with its summer harvest, farmworkers have been trying to find indirect flights from neighbouring countries to get to the UK, after [...]
Franco Manco owner Fulham Shore sees post-restrictions revenues soar 103 per cent May 28, 2021 The company behind Franco Manca saw its group revenues soar 103 per cent in its first full week of dining with minimal restrictions, it said in a statement today. While loyalty scheme user numbers have doubled since the beginning of the first lockdown, to over 220,000 – the Fulham Shore group, which also owns The [...]
Small ‘dirty cash’ fortune of £5.1m found in Fulham flat – stashed under beds May 28, 2021 A small fortune of £5.1m in “dirty cash” was found in a Fulham flat – stashed under beds, in cupboards and strewn on the floor, police have said today. Three money launderers are facing prison following the Met police’s largest single cash seizure last summer. Police said it was left across the flat because the gang [...]
Exclusive: Meet the former UBS and JPMorgan heavyweights shaking up private banking May 28, 2021 As the economy is slowly switching into recovery gear, activity in the City and beyond is starting to pick up again. That is also the case for Vestrata, a relatively new fintech player that is taking the wealth management and private banking space by storm by bring machine learning and automated risk metrics into the [...]
UK business optimism hits five-year high, so why has London slipped? May 28, 2021 Economic optimsim across the UK has reached its highest level in five year, but for some London businesses the reopening enthusiasm has waned.
Post-Brexit listing: Czech payment giant Eurowag planning £1.4bn IPO in London May 27, 2021 Private equity firm TA Associates is planning to list Czech Republic-based W.A.G. Payment Solutions, better known as Eurowag, on the London Stock Exchange, two sources told Reuters this evening. If the listing goes ahead, it would be seen by many as a reaffirmation of London’s attractiveness to European companies in the aftermath of Brexit. The [...]
Exclusive: Canada Police’s asset forfeitures jump by 3,600 per cent as priority shifts to higher-value fraud May 27, 2021 Canada Police issued Account Freezing Orders and Account Forfeiture Orders against assets worth £36m last year, compared to less than £1m in 2019, a jump of 3,600 per cent, according to research by law firm RPC, exclusively shared with City PM this evening. Account Forfeiture and Account Freezing Orders allow authorities to [...]
UK cases of Indian Covid variant double to nearly 7,000 in one week May 27, 2021 A total of 6,959 cases of the Indian variant of coronavirus have now been confirmed in the UK, Public Health England said. The figures are up to 26 May, and represent a rise of 3,535 on the previous week. The Government said a further 10 people had died within 28 days of testing positive for [...]
Global Britain: China overtakes Germany as UK’s biggest import market post-Brexit May 27, 2021 Germany is no longer Britain’s most important import market. For the first time since modern records began, the UK imported more goods from another country: China. During the first quarter of this year, the UK spend £16.9bn on Chinese goods, a jump of 66 per cent in the last three years, according to newly released [...]
Brexit: ECB to crack down on ‘desk mapping’ in London to drive more bankers and capital to the EU May 27, 2021 The European Central Bank is ramping up efforts to push more management and capital out of the City and Canary Wharf, into the EU. The central banking authority plans to scrutinise and crack down on so-called ‘desk mapping’ – or ‘back-to-back booking’ – to determine whether banks’ key staff, capital and book trades used by [...]
