Great Western Developments will invest £47m of its own funds into the tube developments at Paddington station January 26, 2016 Great Western Developments, the developer working on the revamp of Paddington station and the so-called Shard of west London, has told City A.M. it will be providing the £47m investment needed to upgrade the tube station. Great Western Developments (GWD), a subsidiary of Singapore’s Hotel Properties, is working with the team behind the Shard and the London Bridge redevelopment, Sellar Property [...]
BP chief executive Bob Dudley appoints Lamar McKay as deputy in pre-results shake-up February 1, 2016 BP has appointed Lamar McKay to the new post of deputy group chief executive in a shake-up of the oil giant’s top team. McKay, a 34-year BP veteran, will be responsible for strategy and long-term planning, safety and operational risk, technology, and corporate governance. He will also take on some of chief executive Bob Dudley’s duties. Currently [...]
So much for the winter lull: UK house price growth jumps again in November January 19, 2016 UK house prices grew 7.7 per cent in the year to November, up from seven per cent the month before, as people rushed to buy homes before interest rates rise. The east of England led the charge, with price growth of 10.2 per cent, while prices in the south east and London rose 9.8 per [...]
15 plans for the future of London transport: From the Northern Line extension to Night Tube and Crossrail 3 March 11, 2016 London Mayor Boris Johnson has said £1.3tn of investment is needed in the capital over the next 35 years in order for London to retain its world class status. Transport is the biggest focus of the "London Infrastructure Plan 2050", and £973bn of spending is needed on transport alone to keep up with the rising population [...]
Overseas investor interest in London commercial property slows as prices come under pressure January 26, 2016 Investor interest in the UK’s commercial property market recorded its slowest rate of growth in more than two years, according to a survey of the country’s leading surveyors, as demand from foreign buyers waned. In its latest quarterly commercial market report, the Royal Institute of Chartered Surveyors (RICS) found that buyer enquiries continued to rise in [...]
Technology is increasing inequality – and it’s nothing to do with artificial intelligence or robots March 23, 2016 Inequality is one of the major political topics of our times. Rather like a Shakespearean tragedy, the current splits in the high command of the Conservative Party have many themes. But an important one, and the ostensible reason for Iain Duncan Smith’s resignation, is the treatment of the working poor, a concept which until fairly recently [...]
2016 Lord Mayor’s Appeal December 17, 2015 One of the most important – and most recognisable – charities in the City is the Lord Mayor’s appeal, which raises money for charities that are close to the heart of the current mayor. The 2015 Appeal has been a huge success, raising a whopping £2.2m for previous Lord Mayor Alderman Alan Yarrow’s chosen charities [...]
Royal London’s Clare Salmon saddled at Goodwood in charity horse race July 30, 2014 As an insurance professional, she’s well used to working with risk but Royal London’s marketing doyenne Clare Salmon is going a few furlongs further today, by playing jockey in the Magnolia Cup charity race at Goodwood – which will see Salmon race against celebs such as supermodel Edie Campbell and jeweller Philippa Holland. “I’ve entered [...]
Lord Mayor’s Show 2015 in pictures: City of London procession marks Jeffrey Mountevans taking over from Alan Yarrow November 14, 2015 Today, Jeffrey Mountevans became the new Lord Mayor of London, taking over from Alan Yarrow. To mark the occasion, the annual Lord Mayor's Show took place in the City of London, with a procession travelling the three miles from Mansion House to the Royal Courts of Justice, passing St Paul's Cathedral along the way. A [...]
Music industry body IFPI moves into The Crown Estate’s Regent Street scheme February 11, 2016 The Crown Estate has secured another letting at its newly refurbished Grade II listed building at the south end of Regent Street. The world’s recording industry body, the IFPI, has agreed to move its London headquarters from 10 Piccadilly to 7 Air Street, taking the entire third floor spanning 9,000 square feet. It is understood to be paying in [...]