Cop29 draft finance deal rejected as negotiators walk out of UN climate talks Politics The latest rough draft of a deal on climate finance is thought to have been soundly rejected by developing economies at Cop29, a day after the UN summit was scheduled to finish. Negotiators from rich and poor nations are huddled in one room as the talks to reach a deal on money for developing countries [...]
Square Mile and Me: Farmer J boss Jonathan Recanti on his career (and what salad he orders) Opinion In this week's Square Mile and Me, Farmer J founder Jonathan Recanti tells us about his career from City banker to Square Mile salad tycoon.
Consumers will pay for Starmer’s green targets The City View It’s easy to be cynical about a climate conference that sees plutocrats flying their private jets to a petrostate claiming they’re going to save the world. That’s certainly the position of Greta Thunberg, who has dismissed COP29 as an exercise in greenwashing Azerbaijan’s human rights violations, a view shared – in City AM recently – [...]
Inside the Paris hotel straight out of a Wes Anderson film November 13, 2024 THE HOTEL: Now that the buzz from Paris’s Olympic summer has settled, this is the perfect time to visit the City of Light. The city’s infrastructure is in top form, primed for visitors who want to experience Paris without the high-season crowds. And if you’re looking for a stay that boldly proclaims “We’re in Paris, [...]
Inside the ‘arms race’ for a private stock exchange – and why it’s dividing the City November 13, 2024 At a private workshop at the London Stock Exchange in September, a room full of investors and City bosses were split into separate groups and told to talk amongst themselves. Spread among them were officials from the Treasury, the Financial Conduct Authority and the London Stock Exchange, scribbling down the thoughts of those speaking and [...]
Just Eat shares spike after it announces Grubhub sale November 13, 2024 Delivery platform Just Eat has agreed to sell its American arm, Grubhub, to the US takeaway startup Wonder. Shares in Just Eat rose 19 per cent in early trades on the news. Just Eat sold the platform for $650m (£500m), a 90 per cent discount on the $7bn it paid in 2021—or, adjusting for inflation, [...]
Premier League in Jersey? If the Springboks went, anyone could November 9, 2024 Jersey played hosts to South Africa’s Springboks earlier this month with the world champions following in the footsteps of the Lions and England in picking the Channel Islands as a training location. But why are the facilities so popular? “I am never washing my hands again,” exclaimed a youngster after a high five with Rugby [...]
M&S set to buck retail trend and see a bumper golden quarter November 6, 2024 After reporting a set of results far ahead of analysts’ expectations for the third quarter, Marks and Spencer is set for a bumper Christmas period as its turnaround continues to bear fruit. Its food division is particularly well-placed to deliver, with sales already up more than seven per cent in the third quarter. M&S’ food [...]
Retailers prepare for ‘exceptionally tough’ golden quarter after Budget November 4, 2024 The golden quarter is off to a slow start and things are only set to get tougher for retailers over Christmas, according to fresh data. In-store sales grew by 1.7 per cent year on year in October, while total sales – both in-store and online – grew 4.1 per cent, according to BDO. Whilst the [...]
London steak fantasies: Carnivorous desires are sated at Fazenda Bishopsgate November 2, 2024 We dine at London steak restaurant Fazenda Bishopsgate FAZENDA IS ALL ABOUT… Meat! As far as the eye can see. But not how you’d normally order it. Disembodied limbs from (insert any legally edible animal) are unceremoniously carted around the restaurant on skewers and taken to tables, where if you have a certain sign facing [...]