30% Club founder Helena Morrissey warns plans to link bonuses to gender equality targets may backfire as Virgin Money boss Jayne-Anne Gadhia publishes women in finance review March 22, 2016 Proposals for bonuses to be tied to the number of senior women at financial institutions have been criticised by top City figures, who say the move threatens to deter women from working in the Square Mile. In a government-backed review out today, Virgin Money chief exec Jayne-Anne Gadhia recommends financial services firms “connect parts of [...]
Peg bonuses to gender targets: Bank boss reveals plan, but fellow City leaders warn it could backfire March 21, 2016 Proposals for bonuses to be tied to the number of senior women at financial institutions have been criticised by top City figures, who say the move threatens to deter women from working in the Square Mile. In a government-backed review out today, Virgin Money chief exec Jayne-Anne Gadhia recommends financial services firms “connect parts of the remuneration [...]
City lovebirds flock to skyscrapers and cable cars for Valentine’s Day bookings February 1, 2016 Valentine's Day is now less than two weeks away, and you’ve only just realised, haven’t you? Securing a restaurant with a view might be hard this year, as the Square Mile’s skyscrapers are already fully booked. Saturday 13th February is the big day for London’s lovebirds, as many venues won’t be open on Sunday. Jason Atherton’s City Social in [...]
Why the City of London Corporation was right to come out in favour of EU membership March 7, 2016 The outcome of last week’s meeting of the highest primary decision-making body of the City of London Corporation, the Court of Common Council, that we are to support the United Kingdom remaining a member of the European Union, has attracted much attention. While a small number of City figures called on us to maintain our [...]
This is the one special ingredient crucial to the UK’s fintech success April 11, 2016 Fintech is booming and London is at the heart of this global community. The Innovate Finance Global Summit at London’s Guildhall today has attracted over 1,200 business leaders, politicians, and pundits from around the world to discuss the big trends in fintech. Here is our perspective on why it’s booming – and why so many people have joined come to [...]
A new Centre for Music would be a fantastic addition to the City’s strong cultural offering December 20, 2015 What makes a global city an attractive place in which to work and live? A buoyant economy, quick transport links, good housing, low crime rates, excellent education, and easy access to healthcare are always cited as key factors. But to that we should also add the cultural offer, and last week London upped its game [...]
Leadenhall Street stabbing leaves man critically injured in hospital December 6, 2015 Four men have been arrested in connection with a stabbing at the centre of the Square Mile which left a man critically injured in hospital. The incident took place in the early hours of Sunday morning on Leadenhall Street near the Lloyds of London building. A City of London police spokesman told the Evening Standard: “He is currently in [...]
Business secretary Sajid Javid: Job cuts at Deutsche Bank are a “tragedy” November 25, 2015 Business secretary Sajid Javid has enthusiastically endorsed the Square Mile , saying the rest of the country could “learn a lot from the City” and calling recently-announced job cuts in the banking sector a “tragedy”. Speaking at the City A.M. awards dinner tonight, Javid said that while financial services has become an “easy target” for politicians, the [...]
London and Europe are getting a new £500m tech startup VC fund as Chinese-backed Cocoon Networks launches January 19, 2016 London's tech startups are set for a new injection of cash worth as much as half a billion pounds as a new Chinese-backed venture capital fund launches. Private equity firms China Equity Group and Hanxin Capital will launch Cocoon Networks with £500m to invest in UK and European tech companies which show potential for success in China. The wide-ranging fund will span fintech, biotech, medical devices [...]
EU referendum: Here’s the “positive case” for staying in the EU, according to David Cameron May 27, 2016 When David Cameron set the date for the EU referendum back in February, he told the world you’d never catch him talking down Britain. A few months, some close opinion polls and a two slightly dodgy dossiers of Treasury analysis later, and that “positive case” for staying in the EU seems a distant memory. “Project Fear” [...]