JPMorgan’s UK consumer bank on hiring spree to bolster expansion efforts December 14, 2021 JPMorgan’s British retail arm, Chase, has plans to take on hundreds of new recruits as it looks to expand the range of services offered to clients. Since launching in September Chase has hired over 200 staff bringing staff numbers to 800. The fledgling bank now wants to grow its team to more than 1,000 employees [...]
Rail fares could be hiked by 5 per cent – it’s time for an overhaul of how we view public transport September 9, 2021 This week marked the start of the new academic year in earnest and for many it was also a return to work, coming back into London for the first time after months of working from home. But for rail commuters, the latest inflation figures could mean the biggest fare hike in a decade. If the government sticks to its current formula of bumping up fares by one percent [...]
HSBC shares sink to bottom of FTSE 100 despite profits topping City forecasts October 25, 2022 HSBC’s profits slid over 40 per cent in the third quarter of the year as it was hit by rising loan losses and hefty charges relating to the sale of its French retail business.
No, it’s not sci-fi. Robots really could help dig us out of our low productivity spiral October 25, 2022 Earlier this month, a robot named Ai-Da gave evidence to the House of Lords on the future of the creative industries. The members of the Lords Communications and Digital committee were fairly quite stumped. For all its weirdness, this episode proved a point: robots are among us. When thinking of robots, many of us imagine [...]
Test for London’s fintech sector: Wise listing could turn into ‘volatile affair’ July 6, 2021 Cross border payments company and fintech giant Wise will be admitted to the London Stock Exchange tomorrow morning. No price guidance has been issued, which will mean that the stock price will be determined during the auction, which will be a lengthy one – from 7.50am onwards, with trading to begin just after 11am – [...]
Headhunting firm nabs Battersea space in vote of confidence for the office June 1, 2021 Perrett Laver has signed a 10-year lease on space at One Embassy Gardens in Battersea, in a vote of confidence for the office. The headhunting firm will take half of the ninth floor at One Embassy Gardens, covering some 5,800 sq ft. The company is moving from offices in Westminster, and will join tenants Penguin [...]
Tower Hamlets council approves plan to build shopping mall on Brick Lane September 15, 2021 Controversial plans to build a shopping mall on the site of the historic Truman Brewery on Brick Lane have been given a green light. At a meeting of the Tower Hamlet Development Committee yesterday councillors voted 2-1 in favour of a proposal to redevelop the Brewery as a five story office building and retail space. [...]
City A.M. Awards 2022: Analyst of the Year March 30, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
City of London Corporation unveils plans for startup hub at City Place House July 1, 2021 The City of London Corporation this morning announced it has resolved to grant planning permission for Great Portland Estates’ redevelopment of City Place House into a 13-storey office structure that will include affordable space for small businesses and startups. The redevelopment, which will be overseen by Great Portland Estates, will be redeveloped into a 44,500 [...]
Lights out for two more energy firms amid record power prices September 15, 2021 Two more energy suppliers have gone bust, leaving 500,000 customers needing a new provider, amid record prices for electricity and gas. Both Utility Point and People’s Energy have ceased trading, Ofgem has announced, the sixth and seventh energy companies to do so this year. Bournemouth-based Utility Point provided power to 220,000 customers, while London’s People’s [...]