EU referendum: City of London Corporation boss calls Boris Johnson Brexit backing “unwelcome and unhelpful” April 5, 2016 The boss of the City of London has called the mayor of London's backing of Brexit "unwelcome and unhelpful". Speaking to Reuters, City of London Corporation boss Jeffrey Mountevans, Lord Mayor of the City of London, said Boris Johnson's position was "disappointing". "The City of London is the leading international financial centre in the world. It is the [...]
Stephen Hawking will be given Honorary Freedom of the City of London today March 6, 2017 Professor Stephen Hawking will be awarded the City's highest honour today, after he is given Honorary Freedom of the City of London. Hawking, whose research into black holes has transformed our understanding of the universe, will be presented with the award by the City of London Corporation at a ceremony at the Guildhall today. Dr Peter Kane, [...]
Northern Line extension row over rising costs on the £1.2bn project remains unresolved seven months on April 27, 2018 A row over extra costs to the Northern Line extension is still yet to be resolved, six months since Transport for London (TfL) said that court could be an option in the stand-off, though not one it was keen to pursue. The £1.2bn project will extend the Northern Line from Kennington to Battersea via Nine [...]
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 [...]
Law firms Berwin Leighton Paisner and Bryan Cave get the green light to merge creating a $900m revenue business February 26, 2018 City law firm Berwin Leighton Paisner is to merge with US peer Bryan Cave, creating a firm with combined revenues of more than $900m (£645m). The pair revealed they were in talks in October last year, saying that a deal would allow them to join the "handful" of firms operating with a one-firm structure globally. [...]
Mid-cap stock brokers steal a march on bulge-bracket names as the Mifid II era begins February 26, 2018 The City’s bulge-bracket brokers have struggled with increased competition from mid-cap specialists, according to analysis of the biggest winners and losers in client numbers over the last five years. The top three gainers over the five-year period were Peel Hunt, Numis, and Liberum, all of which were founded long after some of London’s oldest financial [...]
Letter: The City of London Corporation should remain neutral in Brexit debate February 22, 2016 We, the undersigned, understand that the City of London Corporation is to decide this week whether or not to adopt a corporate position on British membership of the EU. We write to urge the Corporation to continue its neutrality on the issue. Such a decision would effectively be the Corporation adopting a partisan political stance [...]
From vicars to City titans: Goldman Sachs, Shell and Barclays among names behind £550m Lloyds legal battle | City A.M. April 4, 2018 Today City A.M. reveals the varied and surprising names behind a massive £550m legal battle with Lloyds over its takeover of HBOS at the height of the financial crisis – and the cast includes major institutions, aristocrats, vicars and politicians. The groups, which includes institutions such as Goldman Sachs, Nomura Asset Management and pension funds [...]
Microsoft opens Shoreditch startup space Reactor February 22, 2018 Microsoft is the latest company eyeing up London's hot shot startups with a $20m (£14.3m) investment in a new space in Shoreditch, opening today. Reactor will host the Silicon Valley tech giant's accelerator for scale-ups, along with a space for events such as hackathons to help grow the capital's startup ecosystem. Read more: Robot bookworms? [...]
Law firm Knights gunning for largest-ever law firm flotation June 3, 2018 Law firm Knights is set to announce its intention to float on the London Stock Exchange tomorrow in what will be the largest law firm flotation so far. The June initial public offering (IPO) is expected to value the business in excess of £100m, outstripping Gateley, the first English firm to go public in 2015, [...]