The big winners from an Aramco listing will be the bankers March 13, 2018 Britain’s bankers and City advisors are very excited about the mooted flotation of Saudi Arabia’s state-owned oil company Aramco. The potential fees – and therefore bonuses – generated are likely to be astonishing. It will be trebles all round, as they say in Private Eye. However, as an investment proposition there may be less to [...]
Rachel Reeves: Saudi Aramco listing risks “watering down” UK’s reputation for corporate governance November 9, 2017 A second MP has suggested she is against the Saudi Aramco megalisting coming to London, saying she is “sceptical” of the value it brings to the UK and warning it could “water down” the country’s reputation for corporate governance. Rachel Reeves, chair of the influential Business, Enterprise, Innovation and Skills (BEIS) committee, told City A.M. [...]
Why sheriffs of London cherish the City’s power January 9, 2017 I served recently as one of the two sheriffs of London – a role that surpassed all expectations. Whether travelling to Cuba with the former lord mayor Jeffrey Mountevans, drumming up business for UK firms, hosting judges’ lunches at the Central Criminal Court, or presenting prizes at a City school, I relished every minute of the [...]
TLA’s Russ Shaw is fortifying London’s position as a global tech powerhouse February 12, 2018 With a discernibly American twang, tainted softly-British, New York-born Russ Shaw is, perhaps, not who one might expect as London’s tech cheerleader on the world stage. Although, perhaps his being here is testament to exactly why the capital, a hotchpotch of international talent and innovation, is worth shouting about so loudly. He’s the founder of [...]
Wine over matter: TV wine expert Amelia Singer on working with Jamie Oliver and binge-drinking Brits June 25, 2018 “I wasn’t going to start with this statement, but hey why not – I’m all about cross-dressing when it comes to wine,” says Amelia Singer, with a glint in her eye. What she means is that wine is best served with life’s other great enhancers – like art, music, and food. That might sound obvious [...]
DEBATE: Has the row over Xavier Rolet’s departure damaged the London Stock Exchange? November 30, 2017 Has the row over Xavier Rolet’s departure damaged the London Stock Exchange? Estelle Clark, director of policy at the Chartered Quality Institute, says YES. The behaviour of everyone involved is akin to schoolboys in the prefect room. For the board of the London Stock Exchange (LSE) to believe that they could announce a chief executive’s [...]
Hard Brexit will need longer transition for businesses, City policy chief warns January 16, 2017 The Square Mile will need a longer transition if Theresa May pursues a so-called Hard Brexit, City policy chairman Mark Boleat has warned. Delivering a lecture at King’s College, Boleat said that any deal with the EU must include time for business to adapt. However, he added that the nature of the deal is more important than [...]
Half of London businesses say cutting migration would hit the capital’s economic growth January 9, 2017 Cutting immigration into the UK would have a negative impact on London's economic growth, according to just over half of the capital's businesses. A survey of just over 500 firms by the London Chamber of Commerce and Innovation in November found 52 per cent warning against barriers for new migrants coming into the city. And [...]
Police search for Tube hero who jumped onto tracks at Bank station to save vulnerable man January 20, 2017 British Transport Police are searching for a member of the public who jumped onto the tracks at Bank station yesterday to save a man's life. BTP said they were looking for the "hero", who had risked his own life to save a "vulnerable" man, so they can thank him. Officers were called to the southbound Northern [...]
We’re going to build Crossrail 2 and the private sector is going to pay for it April 3, 2017 Passengers crammed on to the Central, District, Circle and Piccadilly Lines are gasping for the opening of the Elizabeth Line, running from west to east, from Heathrow to Canary Wharf and beyond, late next year. But what about Londoners packed on to the north-south Northern, Victoria, Bakerloo and Jubilee Lines who suffer from similar over-crowding [...]