With Marks and Spencer’s CEO Marc Bolland bowing out, odds shorten on the City’s retail boss departures January 7, 2016 So M&S boss Marc Bolland has finally stepped down, after years of pressure – but who thought his departure would be revealed just seven days into the New Year? At the very start of this week The Capitalist brought you odds on The 2016 Sack Race, including the 4/5 that was available on Marks’ Dutch [...]
EU referendum: Cameron’s EU deal just doesn’t go far enough – and Donald Tusk’s letter is little more than a press release February 3, 2016 Yesterday, we warned that David Cameron’s EU renegotiation was at risk of ignoring vital questions about the future of the UK’s financial services. A focus on immigration and benefits has overshadowed the hugely vital issue of how the rest of Europe views financial regulation and what implications this has for dominance of the City. It [...]
How City firms are using innovation to combat societal challenges March 14, 2016 My mayoral theme “Innovate here, Succeed anywhere” reflects the reputation of the City and the UK for creative energy. From baristas to barristers, professional services to everyday services, innovation means success – both in and out of the office. Strong and healthy commerce depends on strong and healthy communities – and yet many areas of London [...]
HSBC’s decision to keep its HQ in London is a ringing endorsement of the whole UK February 22, 2016 HSBC has not been far from the headlines in the past few days, and we can expect more news from the global banking giant today as it publishes its Annual Results. The issue that has kept so many City figures interested in the company for the past few months has been its decision over where [...]
EU referendum: Barclays, HSBC bosses give evidence to MPs on Britain’s EU membership, say City would “thrive” after Brexit January 6, 2016 The City would retain its status as a global financial centre if British voters back leaving the European Union, a Barclays executive has claimed. Speaking to MPs on the Treasury select committee this afternoon, Mark Astaire, vice chair of the investment banking division at Barclays, said that while London has “thrived” within the European Union, [...]
New Builds: From 31 storey Docklands towers to boutique homes next to the Royal Courts of Justice October 28, 2016 Dollar Bay, Docklands From £5m Four penthouses that form the crowning glory of this 31-storey tower in the Docklands are on sale this week. Two four floor, three bedroom penthouses and a couple of two bedroom duplexes are on sale next to each other at the apex of this joint venture between Mount Anvil and [...]
Tens of thousands of bankers could be sent to jail or face limitless fines under tough new regulations being put in place today March 7, 2016 Tens of thousands of City bankers could face seven years in jail or a limitless fine under new regulation being put in place today. From today, senior managers in British banks, building societies or so-called systemically important investment firms will be held criminally liable for a range of offences, including taking a decision which causes [...]
London mayoral election 2016: Labour candidate Sadiq Khan rejects suggestions from shadow chancellor John McDonnell to scrap City of London Corporation January 26, 2016 Labour candidate for mayor of London Sadiq Khan has sharply rejected calls from shadow chancellor John McDonnell and top Labour advisers to get rid of the City of London Corporation. “The City of London Corporation is the City’s bedrock, playing an historic and vital role representing business,” a spokesperson for Khan told City A.M. “Any suggestion [...]
How’s the hangover? Tesco launches hangover stations for all your post-office party needs December 11, 2015 While PRs at Buchanan and Lansons are already dealing with the hangovers from their Christmas parties this month, last night was one of the busiest evenings for corporate dos in the Square Mile this season. This can only mean one thing: a very hungover workforce on Friday. Tesco is giving London's financial district a helping hand [...]
City of London Police officers patrol area around London Stock Exchange as part of Project Servator December 9, 2015 City police were out in full force at the London Stock Exchange yesterday, with dozens of uniformed police officers, many armed, patrolling Paternoster Square and the surrounding area. City A.M. understands that the beefed-up police presence was part of an ongoing practice known as Project Servator. The high-visibility policing tactics, first brought in by the [...]