The LCCM, Amy Winehouse’s former music school, is moving to The Music Box on the Southwark – and you could too March 15, 2016 Hear the stars of tomorrow rehearsing in the comfort of your own home by investing in the latest cultural centre around the South Bank. The latest apartments have gone on sale at The Music Box, a new housing development that incorporates the London Centre for Contemporary Music (LCCM). The school, which counts Amy Winehouse among its alumni, [...]
Get out your glad-rags: City heavyweights have been shortlisted for the British LGBT Awards 2016 February 18, 2016 It's been called the "Gay Oscars" by loyal fans; the shortlist for this year's British LGBT Awards is now public, and London's financial firms are forerunners for a few gongs. Shattering perceptions of stuffy conservatism, business leaders and global corporations including Barclays, Citi and Goldman Sachs have been shortlisted for accolades ahead of the big night at London's Grand [...]
City workers warned over looming job losses, bonus cuts, and hard times in the square mile April 11, 2016 Workers in the square mile should brace for deep cuts to both bonuses and jobs with economists warning that faltering deals, stalled IPOs and market difficulties will take an extreme toll on the City over the coming months. No fewer than five separate bodies have issued downbeat forecasts about the state of London's dominant banking [...]
In pictures: Rupert Murdoch marries Jerry Hall with Fleet Street wedding ceremony attended by Bob Geldof, Michael Caine, Andrew Lloyd Webber and other friends March 5, 2016 Media mogul Rupert Murdoch and actress Jerry Hall have held a ceremony to celebrate their marriage at a church near Fleet Street. Friends and family of the couple, including actor Michael Caine, musician Bob Geldof and artist Tracey Emin gathered at St Bride's Church – known as the "journalist's church" – in London. Read more: Can [...]
Six of the best challenger banks: Disgruntled with HSBC, Lloyds, RBS and Barclays? We highlight the cream of the alternatives May 11, 2016 The big four high street banks – that’s Barclays, Lloyds, HSBC and RBS – have had their fair share of scandal over the years and many people have been left disgruntled with the service they’ve received. There’s been a lot of inertia in banking, with few people willing to move their main account. Nearly 60 per [...]
Five of the best: Ethical banks to stash your savings June 22, 2016 Banks have been mired in scandal over the last decade. The 2008 financial crisis has been followed by countless investigations and fines. Big banks have variously been caught out for mis-selling products, violating sanctions and manipulating prices of gold, silver, currencies, and libor interest rates. Not surprisingly, headlines have been filled with ire over banks’ unseemly [...]
Budget 2016 predictions: When is it and the key points Chancellor George Osborne will cover in his speech? March 16, 2016 Last year we had three of them. So far we've made it through two months without one, but fear not campers – there's a new Budget in town. This is everything you need to know about this month's fiscal update from the government. When is the Budget 2016 and how to watch live Chancellor George Osborne is [...]
Challenger Shawbrook poaches Evelyn Hamilton from Lloyds Banking Group January 21, 2016 Shawbrook has hired a new managing director of consumer finance, announcing in a statement this morning that Evelyn Hamilton has joined the challenger from Lloyds Banking Group. Hamilton becomes just the latest high-profile hire for the challenger, which floated on the London Stock Exchange last April. The bank announced last autumn that it had poached Santander's then-head [...]
Lean premiums ebb earnings at Lloyd’s of London March 26, 2015 Lloyd’s of London profits dipped slightly last year after gross premiums written at the iconic institution fell. Pre-tax profits fell by £44m to £3.2bn for the year ending 2014, after premiums fell to £25.3bn from £25.6bn in the previous year. Overall profitability measures at the group also weakened, rising to a combined ratio of 88.1 [...]
Banks’ London office footprint shrinks after heavy job losses March 17, 2015 Banks’ share of office space in London has shrunk by 13 per cent over the past decade as the industry struggles with heavy job losses in the wake of the financial crisis. A study by accountants Deloitte shows that the financial sector remains the biggest occupier in central London despite upheaval in the industry since [...]